Category: Mining
-
Minerals Commission predicts 3% increase in gold production
The Minerals Commission is projecting an increase of about 3% in gold production by the second quarter of this year. The commission attributes this to the uncertainties of the policy direction exhibited by the U.S President, Donald Trump– which is expected to positively impact gold prices. “There is a certain level of bullishness in the…
-
Chamber of Mines bemoans low investment in mining communities
The Ghana Chamber Mines has bemoaned the proportion of funds that is injected into mining communities for development. According to the chamber, the phenomenon is the result of poor infrastructure development in mining communities, despite their contribution to the national income. Speaking to Citi Business News, the president of the chamber, Mr. Kwame Addo-Kufuor described…
-
Developing Western region: Minister Nominee to demand specific allocation
The Western Regional Minister Nominee, Dr. Kwaku Afriyie has disclosed plans to push for legislations to back specific allocation of revenue from the country’s mineral resources to the development of the region. He contends that the region’s contribution to GDP from its enormous resources undeniably places in a critical position to merit specific developmental support.…
-
Brexit, Trump policies to drive China to Ghana’s gold mines
China’s decision to seek investment options in Africa and Latin America will lead to the massive growth highly expected of Ghana’s mining sector this year. The development will come on the back of the high levels of uncertainties associated with the administration of US President Donald Trump and the decision by Britain to leave the…
-
Govt to revive AngloGold Obuasi Mines- Pres. Akufo-Addo
President Nana Addo Dankwa Akufo-Addo has announced that international mining firm, Randgold Resources has renewed its interest to partner AngloGold Ashanti to commence operations in its Obuasi mines. The company pulled out of a joint venture with AngloGold Ashanti to redevelop AngloGold’s Obuasi Mines, four months after the deal was announced last year. An official…
-
Lands Ministry pushes for review of stability agreements
Lands and Natural Resources Minister, John-Peter Amewu is pushing for Ghana to cancel its stability agreements with major mining companies operating in the country. The Minister Nominee says key in his administration will be to scrap the country’s stability agreements with multinational mining companies. Mr. Amewu asserts that the Ghanaian economy risks being short-changed if…
-
Lands Minister Nominee proposes new consolidated revenue management law
The NPP government will introduce a new revenue management law to regulate the use of gold revenue just as is done in the oil sector, Minister Nominee for Lands and Natural Resources, John-Peter Amewu has disclosed. Mr. Amewu argues that the law will among others empower local authorities and residents to track the use of…
-
Galamsey on top of agenda for Lands Minister nominee
Lands and Forestry Minister Nominee, John Peter Amewu has said the NPP government will build the capacity of illegal miners to ensure they go through sustainable mining processes. This he believes will ensure the country’s attainment of renewable mining activities. Ghana over the years has suffered adversely from the activities of illegal miners. The informal…
-
Creation of Railways Ministry will defeat trucks cartel- Railway workers
The Ghana Railway Workers Union has expressed its readiness to work with the Nana Akufo-Addo administration to implement the vision of the government for the Railway industry. President Akufo-Addo yesterday announced plans to create a new ministry solely responsible for railway development and named Mr. Joe Ghartey as the Minister nominated to oversee the activities…
-
Kyebi water treatment plant opens; operates occasionally
Citi Business News has gathered that the Kyebi water treatment plant which was shut down last year due to the effect of activities of galamsey operators, has started operating intermittently. The plant was shut down in August last year because activities of illegal gold miners had left the natural water bodies not treatable for onward…