Category: Mining
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Mining firms commence plans to list on GSE
Chief Executive of the Chamber of Mines, Suleiman Koney has confirmed to Citi Business News plans by a number of mining firms to list on the Ghana Stock Exchange within a couple of years. [contextly_sidebar id=”2KzkhABHrCXRHdVg542mDzQc92P9agI7″]Moves to get mining firms to list on the local bourse are yet to be realized due to some challenges…
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AngloGold swings to profit
AngloGold Ashanti the world’s fourth-biggest gold producer, swung to a profit in the first quarter as production beat the company’s guidance and costs fell. [contextly_sidebar id=”czJMJjjPcAUL3kBj99FZQgzVqP6uX5nU”]Adjusted headline earnings were $35m in the three months to March 31, compared with a loss of $117m in the previous quarter, the company said in a statement published on…
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Newmont to recall interdicted workers
The Ministry of Employment and Labour relations has directed Newmont Ghana Gold limited to recall 4 of its interdicted workers before 6:30pm this evening. New[contextly_sidebar id=”r83qeYPLehPHrYKvcm6gbo97xiVhgFBk”]This follows a meeting between the Minister Haruna Iddrisu , management and local union executives of Newmont Ghana together with the General Secretary of the Ghana Mine Workers Union of…
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Newmont loses big in workers strike, Employment ministry intervenes
The Ghana Mine Workers Union has described as “a good start” the deal that has been brokered by the Ministry of Employment and Labor relations to get striking Newmont workers to return to work. [contextly_sidebar id=”nZ1OiG4NbvnZGC6u0EDCF0yO2EzSIKbY”]This comes after the Minister of Employment and Labour relation Haruna Iddrisu met with the management and local union executives…
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Miners threaten to withdraw services to mining companies
The Ghana Mineworkers Union (GMWU) has threatened to withdraw its services to all mining companies in the country if Newmont Ghana fails to redraw armed police and military men at its Akyem and Ahafo mines. [contextly_sidebar id=”UPBJMeC78dwmoEUmKqjwQQtP7EbACiBp”]Citi Business News has learnt Newmont Ghana on Wednesday, 14th April, 2015 reinforced its security at its Ahafo mines…
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Newmont, mine workers union head to NLA over failed negotiations
Newmont Ghana and the Ghana Mineworkers Union (GMWU) are heading to the National Labour Commission after negotiations between the two over conditions of service and collective agreements failed. [contextly_sidebar id=”H273a8FV61UYnZY75SiplWIKDSpbYCtv”]The two last month announced they had resumed negotiations on their salary and collective agreements after earlier negotiations came to a halt. Prior to that announcement…
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GNPC owned Sankofa mines defaults in tax payments
Citi Business News has learnt mining company Prestea Sankofa Limited in 2012 and 2013 failed to pay mineral royalties to Ghana estimated at 6.6 million cedis. [contextly_sidebar id=”LgOeozZo2F2UfiehWzqzvF4ps1pchk3f”]This was contained in the Ghana Extractive Industries Transparency Initiative (GHIETI) report on the mining sector for 2012 and 2013. According to the GHIETI report, Prestea Sankofa in…
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Newmont and Ghana Mineworkers Union resume negotiations
Newmont Ghana and the Ghana Mineworkers Union (GMWU) today March,19,2015 announced they have resumed negotiations on their salary and collective agreements. [contextly_sidebar id=”RNyXKkqTKcWTxLLqH2zGc5gYbtVIz57J”]The parties’ decision to return to the negotiating table follows the GMWU’s recent threat to strike and the company’s subsequent appeal to resume good-faith dialogue. “We recognise that embarking on a strike will…
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Newmont urges workers to abandon strike plans
Mining giant Newmont has urged its workers to abandon plans to go on strike over poor conditions of service. [contextly_sidebar id=”gtIzgo62ftI8Em66fYw16Z2fCW46Ikww”]Over two thousand workers of Newmont have threatened to strike on Friday,March, 20th, 2015 if a meaningful response from the mining firm on ongoing negotiations is not received. Negotiations for better pay between the two…
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Newmont workers threaten to strike over stalled negotiations
Over two thousand workers of mining giant Newmont have threatened to strike on Friday if a meaningful response from the mining firm on ongoing negotiations is not received. Negotiations for better pay between the two have been ongoing for over eight months. The miners want the huge disparity in pay levels in the industry to…