Category: Mining
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Anglogold Ashanti defends dragging Ghana to international arbitration centre
Mining giant AngloGold Ashanti has justified dragging Ghana to the International Centre for Settlement of Investment Disputes (ICSID), following the country’s inability to restore law and order at the Obuasi mine which has been taken over by galamsey operators. The mining firm argues the takeover of its Obuasi mine by the galamsey operators is impacting…
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Q & A with CEO of Goldfields Nick Holland
Nick Holland was appointed CEO of Goldfields on 1st May, 2008. Prior to that he was the company’s Chief Financial Officer. Mr Holland has over 31 years experience in financial management, of which 23 years were in the mining industry. Prior to joining Gold Fields, he was Financial Director and Senior Manager of Corporate Finance…
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Finance Ministry defends tax concession for Goldfields Ghana
The Ministry of Finance has rejected claims that Ghana’s development agreement with Goldfields Ghana Limited was a giveaway. According to the Ministry, the agreement was an investment decision by government which was to sustain revenues and jobs for the country. There has been heavy backlash from civil societies over the development agreement signed between government…
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Illegal miners vandalize key equipment at AngloGold Ashanti’s Obuasi mine
Citi Business News has gathered the invasion of illegal miners at AngloGold Ashanti’s Obuasi mine has led to the destruction of electrical installations at the underground mine. According to AngloGold Ashanti the development has affected the water treatment plant of the company. Managing Director and General Manager of the Obuasi Mine Eric Asubongteng said ‘…
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Increase in galamsey; Chamber of Mines blames state security
The Ghana Chamber of Mines has decried the lack of actions by the state security and other relevant institutions in the fight against illegal mining, popularly known as Galamsey in the country. According to the chamber, the recent increase in galamsey activities and violence against licensed mining companies has caused insecurity and fear among investors…
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AngloGold Ashanti raises alarm over interference by illegal miners
AngloGold Ashanti Ghana (AGA), has bemoaned the interference of illegal miners in the operations of the security detailed to protect the company’s Obuasi mine. [contextly_sidebar id=”LJA4Jd8FquxpA0prTfB85QN1TtjhTgjL”]The company fears its mining site will be irreparably damaged if efforts are not stepped up to control the illegal miners. Citi Business News understands military personnel assigned to the…
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Association of Small Scale Miners slams Minerals Commission over unfair treatment
The Ghana Association of Small Scale Miners (GASSM) has accused the Minerals Commission of lack of transparency in allocating lands or mineral concession for mining. According to GASSM, lands or concessions have become difficult to secure from the Minerals Commission as certain individuals are allocated the concession who in turn lease to the miners. [contextly_sidebar…
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Anglogold Ashanti appoints new MD
AngloGold Ashanti (Ghana) Limited, has appointed Eric Asubonteng as the Managing Director and General Manager of the Obuasi Mine. [contextly_sidebar id=”ZeBgQbYJUyjgUAgIEBuOsiGA3rbtYHPg”]He takes over from Mark Morcombe, former Senior Vice President and Managing Director of AngloGold Ashanti (Ghana) Limited who is leaving the company. Until this appointment, Eric Asubonteng was the Head of Operations and Corporate Affairs…
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Minerals Commission debunks TWN allegation against Goldfields
The Minerals Commission has debunked allegation made by Civil Society Group, Third World Network (TWN) that Goldfield Ghana Limited was granted a development agreement without an investment plan. The Commission told Citi Business News government followed all laid down procedures in granting the mining firm a development agreement. [contextly_sidebar id=”sG2pSuMppRhIFUpTGV74rQHzFRinD7ae”]According to the commission, the development…
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Goldfields hits back at TWN; describes allegation as untrue
Goldfields Ghana Limited has described as untrue a publication by Third World Network that the mining company has been granted a development agreement without an investment plan. According to the company, it has planned to invest in excess of one billion dollars in two of its mines in Tarkwa and Damang. [contextly_sidebar id=”08I1LY0cOtxZ8Oy32AUF6pEZAlffRET7″]The reaction comes…