Category: Mining
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Ghana Gold Expo 2020 report to be released in June
The steering team of the Ghana Gold Expo led by Dr. Steven Blessing Ackah and Hon. Kwabena Okyere Darko Mensah, the Western Regional Minister, says the premiere issue of the Ghana Gold Report 2020 will be released on the 15th of June, 2020. The Gold Report focuses on key findings from the Ghana Gold Expo…
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Goldfields Ghana records positive COVID-19 case in Tarkwa
Goldfields Ghana has confirmed a positive COVID-19 case at its Tarkwa mine in the Western Region. According to the company, it received the test results from the Noguchi Memorial Institute for Medical Research on May 3, 2020. A statement issued by the company said the victim is a worker of one of its contracted mining…
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Gold mining firms anticipate increased returns as the commodity’s price rises
The coronavirus pandemic is hitting the economies of many countries, and affecting sectors such as aviation, trade, oil and gas and tourism; nonetheless, gold mining companies are making gains. Players in the sector say they’re anticipating increased returns in the wake of the pandemic, as the price of the commodity has witnessed increases over the…
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Minerals Commission to get tough on community mining to check destruction of water bodies and forests
The Minerals Commission says it will commence the monitoring of community mining activities to clamp down on the pollution of water bodies and some forest reserves. There have been reports of heavy pollution of the Offin and Pra Rivers due to the use of mercury by artisanal small scale miners; a situation partly due to…
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Suing gov’t for our losses during mining ban still an option – Small Scale miners
The Ghana National Association of Small Scale Miners says its intention to sue government for the losses they incurred during a ban on their activities is still on the table. The Director of Operations of the Association, Emmanuel Yirenky-Antwi, told Citi Business News in Takoradi, that there was no basis for the government to lump…
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Alternative Livelihood project: Former ‘galamseyers’ receive one million oil palm seedlings
Government says it has provided nearly one million oil palm seedlings to illegal miners who have been out of work since the nationwide clampdown on their activities. This forms part of the alternative livelihood project to empower illegal miners economically. Addressing the media after a courtesy call on the La Traditional Council in Accra, Board…
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AngloGold Ashanti exits SA, sells mines for US$297 million
AngloGold Ashanti is selling its Mponeng mine and Mine Waste Solutions tailings recycling business to Harmony Gold for $300m (about R4.4bn), marking the end of its exposure to SA mining. Harmony will pay $200m in cash and $260/oz of gold from Mponeng and other underground assets included in the transaction based on production above 250,000oz/year.…
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Gov’t to issue US$750m IPO for Minerals Development Fund next month- Ofori-Atta
Finance Minister Ken Ofori-Atta, has revealed that plans to issue an initial public offer (IPO) to raise US$750 million for the Minerals Development Fund has been scheduled for March this year. The sale of US$750 million shares in the mining fund was initially planned for January 2020, but the government postponed it as it sought…
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Bank of Ghana to start buying gold locally to shore up its reserves
The Bank of Ghana says it will soon begin the purchase of gold from small scale mining firms as part of the bank’s plans to shore up part of its reserves which is held in gold. Governor of the central bank, Dr. Ernest Addison, speaking at the MPC press briefing last Friday stated that the…
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AngloGold Ashanti CEO credits local players in reopening of Obuasi Mine
The Chief Executive Officer of AngloGold Ashanti, Kelvin Dushnisky, has acknowledged the role local content providers played in the re-opening of its US$500 million Obuasi Mine. Speaking at the formal opening of the mine on Wednesday, January 29, 2020, Mr. Dushnisky stated that the opening of the redeveloped Mine would not have been possible without…