Category: Mining
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Petroleum Commission halts fast paced contract approvals
The Petroleum Commission has warned that it will not approve any petroleum contract that does not fulfill the three months’ mandatory notice ahead of its implementation. The caution follows what the Commission describes as the abuse of the law by oil companies. According to the CEO of the Petroleum Commission, Egbert Faibille, the issue also…
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Ghana Beyond Aid achieved yet?
One of the key priorities of the NPP administration is to move ‘Ghana Beyond Aid’. The government has been tough on working to reduce the over-dependency on donor support for development. In the build up to President Akufo Addo’s State of the Nation Address on Thursday, February 8, 2018, Citi Business News takes a look…
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Gov’t moves in to stop under-valued gold exports
The issue of undervalued revenue generated from Ghana’s export of gold continues to be a challenge to the mining industry. Government has announced some measures to block the leakages in the revenue generated from the export of gold. Citi Business News has been speaking to some industry players to seek their perspectives on the effectiveness…
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Amewu woos investors into Ghana’s mining industry
The Minister for Lands and Natural Resources, John Peter Amewu is leading a nine-member Ghanaian delegation to attract business opportunities in the mining sector as part of the 2018 Mining Indaba Conference which opens in Cape Town, South Africa, tomorrow[February 5, 2018] . A statement from the ministry copied to Citi Business News said Amewu…
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Chamber of mines backs auditing of mining companies
The Ghana Chamber of Mines has welcomed the decision by the Lands and Natural Resources Ministry to roll out an operational audit for all mining companies in the country. The audit which will be rolled out in the next two to three weeks, is to ensure that revenue received by government from the country’s mining…
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Lands Ministry to audit exports of mining firms
The Ministry of Lands and Natural Resources has announced plans to roll out an operational audit system for all mining companies in the country. The move, according to the ministry is to ensure that revenue received by government from the country’s mining industry is accurate. This follows a recent disclosure of undervalued revenue received from…
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Don’t stampede gov’t into lifting ban on small scale mining
The Ghana Chamber of Mines is cautioning against stampeding government into lifting the ban on small scale mining before a proper assessment is done. Government placed a ban on all small scale mining last year to check and halt illegal mining, popularly known as galamsey, to stop the destruction of forests and contamination of water…
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Minerals Commission must block leakages in gold export
The Association of Gold Exporters of Ghana has called on the Minerals Commission to take steps to prevent recalcitrant gold exporters from exploiting the commission’s systems. According to the treasurer of the association, Dr. Abu Grant, the Minerals Commission needs to be steadfast in its operations, in order to stop the leakage of gold revenue…
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Mineworkers ‘halt’ layoffs at Goldfields
Goldfields Ghana Limited may have to put on hold its planned layoffs at the Tarkwa mine until the court decides on a case brought before it by the Ghana Mine Workers’ Union. The labour division of the Accra High Court is expected to hear the case next month (February 15th, 2018). Citi Business News understands…
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Top 20 business stories in 2017
Your most comprehensive business news website, citibusinessnews.com brings you some of the top business stories in the year 2017. These news’, which cuts across different sectors of the economy also featured on our news bulletins on Citi FM. GCB takes over UT and Capital banks The Bank of Ghana in 2017 revoked the licenses of…