Category: Mining
-
GRA to set up int’l commodity prices monitoring desk
The Ghana Revenue Authority (GRA), has said that it is setting up a desk at its headquarters which is going to be dedicated to monitoring the prices of commodities on the world market. The desk, according to the GRA, will help it reconcile prices of gold and other commodities to that are reported by local…
-
ACEP demands swift passage of mineral revenue management law
The African Centre for Energy Policy (ACEP) wants the government to make do its promise of passing the Mineral Revenue Management Law to track revenue made in the mining sector. The government is yet to pass the law almost two years into its administration. A development, ACEP believes raises concerns on the future of investments…
-
Newmont deaths: Union demands benefits for contract workers
The Ghana Mine Workers’ Union has told Citi Business News it will not renege on its quest to seek improved working conditions for contract employees in the mining sector. The union maintains that the move should afford such workers all the benefits that are due full time employees and secure their welfare. The remarks follows…
-
Six persons die at Newmont Ghana’s Ahafo site
At least six persons have died with others sustaining various degrees of injury following an accident at Newmont Ghana’s Ahafo mine site. The incident occurred on Saturday April 7, 2018. Information available to Citi Business News indicates that the fatalities occurred when a reclaim tunnel roof collapsed on the workers who were engaged as part…
-
Goldfields, Asanko announce 50-50 JV
GoldFields Ghana and Canadian mining company, Asanko Gold have announced a fifty-fifty joint venture partnership agreement on Asanko Gold Mine ‘s concession located in the Ashanti region According to the agreement, Gold Fields will pay Asanko Gold a total of 185 million U.S dollars to buy the 50% interest in Asanko’s concession located in Nkran…
-
Amewu blasts AngloGold over ‘propaganda’ local content forum
The Minister for Lands and Natural Resources, John Peter Amewu has lashed out at mining company, AngloGold Ashanti, describing a gathering it organized on local content participation as a ‘propaganda’. Mr. Amewu, who sounded angry and betrayed by AngloGold Ashanti, recounted how the mining company had gone ahead to shortlist two foreign companies for a…
-
Aker Energy quickens process to start oil drilling in 2021
Norwegian oil company, Aker Energy, has disclosed to Citi Business News it is hoping to start its oil exploration activities in Ghana by the end of 2021. The company explains that it is working to complete the necessary processes to get clearance from the government to start operations. The CEO of Aker, Jan Arve Haugan…
-
ECG will go back to PURC if it make losses
The Managing Director of the Electricity Company of Ghana(ECG), Samuel Boakye-Appiah has given the strongest indication that the power distributing company will not hesitate to go back to the Public Utilities Regulatory Commission(PURC) if the if the implementation of the tariff reduction leads to losses. He stated that even though the ECG was expecting an…
-
ECG tariff reduction to reflect in bills by 1st April
Consumers of electricity should expect the reduction in tariffs from April and not from tomorrow[15th March,2018] as announced by the Public Utilities Regulatory Commission (PURC). This is because the Electricity Company of Ghana (ECG) explains that the implementation cannot reflect on the bills of consumers due to the monthly cycle billing system it uses. The…
-
Parliament to conclude report on Goldfields by end of March
Chairman of the Mines and Energy Committee of Parliament, Emmanuel Akwasi Gyamfi has told Citi Business News the committee will present its report findings on Goldfields to Parliament before it goes on recess. According to him, the committee has engaged the various stakeholders and is in the process of wrapping up their findings to be…