Category: Mining
-
Galamsey operators suspend activities in support of ending the menace
Some galamsey operators in four districts of the Western region have pledged to suspend their activities in support of government’s fight to end the menace. They contend that the devastating impact of their activities is affecting themselves and other innocent lives. The Spokeperson for the galamsey operators, Nana Ntori Bonkyi Akomea made their intent known…
-
Reduce demand for galamsey gold- Chamber of Mines
The Ghana Chamber of Mines has charged the government to work at reducing the demand for gold produced by illegal miners as a measure of checking galamsey. According to the chamber, the high demand for gold mined by galamsey operators is an incentive that drives investment in to the area. Issues of galamsey has become…
-
Galamsey polluting Ivory Coast’s water bodies
Ivorian authorities want the government of Ghana to stop the activities of illegal miners as the menace is impacting negatively on the country’s water resources. Ivorian water bodies that take their sources from the Western region of Ghana are heavily polluted and the situation is expected to worsen if unchecked. The concerns were raised during…
-
Ghana to lose agric lands to galamsey – Agric workers
The General Agricultural Workers Union (GAWU) has cautioned that Ghana risks losing its agricultural lands in the near future due to increasing galamsey activities. According to GAWU, food production may drop massively if the issue of galamsey is not addressed immediately. The development has also caused some farmers to abandon their farm activities and relocate…
-
Ameri deal to be abrogated over $ 150m ‘bloated’ commission
The committee charged to review, restructure and recommend areas of amendment of the Ameri power deal, has recommended that the deal be re-negotiated or abrogated on grounds of fraud, after it emerged that Ghana was made to pay 150 million dollars extra in commission to Africa & Middle East Resources Investment Group LLC (Ameri Energy)…
-
Goldfields pays 0.5 billion cedis in taxes for 2016
Goldfields Ghana Limited has emerged as the largest taxpayer for the government of Ghana in 2016. The mining firm paid 501 million cedis (0.5 billion cedis) in direct and indirect taxes to the Ghana Revenue Authority (GRA). Of the amount, Royalties accounted for the highest. The company paid 196 million cedis in Royalties representing 39.12…
-
Mines Chamber urges caution on listing multinationals on the Stock Exchange
Mining industry players are calling for detailed discussions on the implementation of policies seeking to charge multinationals to list on the Ghana Stock Exchange (GSE). They have cautioned of possible concerns over the likelihood of a reduction in stake for major shareholders (dilution of ownership) of mining companies due to the new law. “I think…
-
Refineries threaten boycott of Ghana gold over galamsey
Ghana risks a boycott of its gold by major refineries across the globe if it fails to tackle illegal mining activities in the short term. This is the caution from industry players. According to them, the country also risks huge revenue losses from small scale mining which accounts for about thirty percent of the total…
-
Govt regularizes galamsey to curb the menace in 5 years
Government has launched a new project aimed at curbing illegal mining activities in the country at least within the next five years. To this end, it has commenced a multi-lateral mining integrated project which will regulate the activities of illegal miners and reduce the impact of destruction to the environment. The project among others seeks…
-
Ghanaians fronting for foreign companies to face punitive action- Amewu
The Minister for Lands and Natural Resources, John Peter Amewu has hinted to Citi Business News government may relook the laws governing local content participation in the mining sector to prevent instances of locals fronting for foreign companies. According to him, even though the practice is different under the oil and gas industry, the situation…