Category: Mining
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AngloGold Ashanti CEO to step down
AngloGold Ashanti Limited’s Chief Executive Officer, Kelvin Dushnisky, was pushed to leave after shareholders asked for further investigations into a bonus payment by his former employer that he didn’t initially disclose, according to people familiar with the matter. This is according to Bloomberg The mining company announced on Thursday that Kelvin Dushnisky would step down…
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Golden Star Resources sells off 90% of Bogoso-Prestea Mine for $95m
Golden Star Resources Ltd. says it has entered into an agreement with Future Global Resources to trade off 90 percent interest in the Bogoso-Prestea Gold Mine. The agreement demands that an initial purchase price of $55 million shall be paid with a further contingent component of up to US$40 million staged payments to ensure FGR…
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GIADEC will ensure maximum gains from bauxite mining – Ghana’s Amb. to China assures
Ghana’s Ambassador to China, Edward Boateng, has assured that due process is being followed by the Ghana Integrated Aluminium Development Corporation, GIADEC, to ensure that Ghana benefits adequately from the expected bauxite mining. Government’s plan to mine bauxite in the Atewa Forest Reserve as part of the controversial US$2 billion Sinohydro deal with China, has…
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Local Mining Contractors accuse Minerals Commission of collapsing their businesses with outrageous charges
Over 200 members of the Association of Local Mining Contractors of Ghana have accused the Minerals Commission of working against Government’s drive to sanitize Ghana’s mining sector and collapsing local businesses. The aggrieved members are also kicking against new fees introduced by the Minerals Commission, which is charged for obtaining renewable operational permits. According to…
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We are adopting innovative ways to sustain gold production – Chamber of Mines
The Ghana Chamber of Mines says it is adopting innovative approaches to sustain gold production to rake in more revenue from export. Gold prices saw a sharp rise in prices during the early stages of the rapid spread of the COVID-19 pandemic due to low supply, as economic activities slowed down. As at June 4,…
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Sustained production to boost revenue as gold prices surge – Chamber of Mines
The Ghana Chamber of Mines says it is important for the country to sustain its gold production if government is to make enough revenue from the commodity. Although many sectors of the economy have been hit amidst the coronavirus pandemic, gold prices have seen a surge, hitting 1,715 dollars an ounce as at June 4,…
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Gold output from large-scale mining sector up six percent for 2019
Gold output from the large-scale mining sector increased six percent to 2.989 million ounces in 2019 from 2.807 million ounces in 2018, according to the annual report of the Ghana Chamber of Mines. During the period, small-scale production decreased to 1.588 million ounces in 2019 from 1.984 million ounces in 2018. The 20 per cent…
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The battle against illegal mining must be won – SK Boafo
The Board Chairman of the Minerals Commission, Sampson Kwaku Boafo, has called on all well-meaning Ghanaians to help eradicate the menace of illegal mining by reporting reporting influential persons behind these activities in various mining communities. According to him, the continuous activities of illegal miners popularly known as galamsey, even after a massive government crackdown,…
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Sandvik Mining donates PPE worth GHS150,000 to Ashanti Regional Health Directorate
The Ashanti Regional Health Directorate’s fight against the coronavirus COVID-19, has received a major boost. Mining equipment and technology services provider, Sandvik Mining and Construction (Ghana) Ltd, has donated Personal Protective Equipment to the directorate. The 150,000 cedis equipment will augment government supplies and help the region with the second largest number of infections, deal…
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Anglogold Ashanti shuts South African mine over 164 COVID-19 cases
AngloGold Ashanti’s Mponeng mine in South Africa has been temporarily closed after 164 workers tested positive for the coronavirus, the gold miner said in a statement on Sunday. The mine, the deepest in the world, only re-opened in April after being shut under a nationwide lockdown, and had been operating at around 50% capacity. It…