Category: Mining
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Prosecute officials involved in Newmont Ahafo mine accident
The Ghana Mine Workers Union has stated that it would have preferred prosecution of persons involved in the Newmont Ahafo mines accident that claimed six lives and injured four people, in addition to the fines imposed on the companies. Even though the union described the fines imposed on the companies as encouraging, it however argued…
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Newmont to comply with Ahafo mine accident findings
Newmont Ghana Limited says it will address all findings outlined in the investigative committee’s report on its Ahafo mine expansion project. According to the company’s Regional Senior Vice President for Newmont Africa, Alwyn Pretorius, the firm will work to prevent the incident from happening again. “We are all devastated by the loss of six colleagues…
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Newmont, others fined $ 2.7m over Ahafo mines accident
A committee set up by the Ministry of Lands and Natural Resources to investigate the Ahafo Mines accident which left six people dead and four others injured has directed that Newmont Ghana Gold Limited be fined US$500,000 for negligence. The company will also been fined US$10,000 for failing to ensure that DRA Company Limited, the…
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Gold production increase by 10.2% in 2017
Ghana’s gold output rose to 2.805 million ounces in 2017, up 10.2 percent from the previous year, data from the Ghana Chamber of Mines has indicated. The growth reflected a general increase in output across most of the 12 mining firms operating in the country, the chamber said. Total gold revenues amounted to $3.52 billion…
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Pambros Salt Company to lay off workers due to encroachers
Salt manufacturing company, Pambros, has served a strong notice that it may be forced to lay off about half of its workers should activities of encroachers on its properties go unresolved. The company is thus seeking an intervention from the government to help them deal with issues. The concerns follow a working visit by the…
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AngloGold South Africa to cut 2,000 jobs
South African gold miner AngloGold Ashanti plans to cut 2,000 jobs at its domestic operations, it said on Wednesday, as part of plans to cut costs. AngloGold employs roughly 8,200 people in South Africa, where mining companies have had to deal with the risk of volatile labour relations, rising costs, regulatory disruptions and technical issues.…
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Mining Atewa forest will make Ghana worse off—Group
The Executive Director of Aroucha Ghana, a group against mining in the Atiwa forest, Daryl Bosu has maintained that the group will continue to oppose any move by government to mine bauxite in the Atewa forest in the Eastern region. According to him, mining in the Atiwa forest will destroy water bodies in the area…
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Ghana to adopt new formula for royalties in mining sector
Dividends accruing to Ghana from mining activities should increase significantly with the adoption of a new formula for calculating the figure. The new system has become necessary as the country is reported to have been losing millions in revenue to the mining sector over reports of little or no profits by the mining companies. These…
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Mine workers threaten legal action against redevelopment of Obuasi mine
The National Coalition on Mining, (NCOM) and the National Mine Workers Union are threatening to take a legal action against government should Parliament ratify an agreement before the House to allow a redevelopment of the Obuasi mine. Government and Anglogold Ashanti in February this year, signed a regulatory and fiscal agreement that will provide the…
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Dr. Bawumia hits mining companies for exploiting Ghana
The Vice President, Dr. Mahamudu Bawumia has strongly indicated that government will not accept the instances where mining companies declare no profit yet engage in active production to avoid paying dividend to government. Dr. Bawumia who expressed disquiet about the development disclosed that mining companies operating in the country have since 2012 refused to pay…