Category: Mining
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Use Obuasi Mine to transform economy of local communities – Nana Addo to AngloGold
President Akufo-Addo says he expects an economic turnaround within the Obuasi Municipality and other host communities where AngloGold Ashanti operates. Speaking at a ceremony to commemorate the first gold pour of the redeveloped Obuasi Mine after it suspended operations five years ago, the President said the operation of the mine must benefit the country and…
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Sandvik Mining West Africa attains new ISO Certifications
Mining equipment and technology solutions provider, Sandvik Mining & Construction (Sales Area West Africa), has achieved what managers say, is a significant milestone in its Safety, Health, Quality and Environment record. The company says it recognised that the only way to guarantee its business growth and customer satisfaction was to implement a robust Safety, Health…
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Review of mining policies to boost Ghana’s benefit from surge in gold prices – Economist
Economist, Dr. Adu Owusu Sarkodie has advocated possible amendments to Ghana’s production system in the mining industry if the country is to benefit fully from the resources in the sector. It follows the increase in global prices of gold which is to benefit producers of the commodity. As at the afternoon of Friday, January 10,…
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Ghana Manganese Company, gov’t impasse could lead to worker agitation – GRWU
The Ghana Railway Workers Union (GRWU) has warned of possible agitations by its members, if President Akufo-Addo fails to address the ongoing impasse between government and the Ghana Manganese Company, which has had to halt its operations since December 2019. The company had to suspend its operations after it exceeded its export target of 5…
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Kinross Chirano Gold Mines pays $5m in dividends to gov’t
Kinross Chirano Gold Mines Limited, a subsidiary of Kinross Gold Corporation in the Western Region, has declared its dividend for the fiscal year 2018 to its shareholders, following a strong 2018 operational performance. The government of Ghana, which has a 10% carried interest in the company, was paid a $5 million dividend on December 23,…
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AngloGold’s Obuasi mine pours first gold after 5-year suspension
AngloGold Ashanti Ghana Limited this week poured its first gold from the Obuasi Gold Mine, five years after mining activities were suspended. The first gold signals the successful redevelopment of the mine into a modern, mechanised mining operation, the company said in a news release. “The Obuasi Redevelopment Project, which seeks to access Obuasi’s 30-million-ounce…
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Mining and quarrying sub-sectors push November Producer Price Inflation to 9.9 %
The Producer Price Inflation (PPI) saw an increase of 9.9 percent for November 2019. This represents a 1 percentage point increase from 8.9 percent in October 2019. The PPI measures the average change in the prices received by domestic producers for the production of their goods and services. Novembers’ Producer Price inflation which is the…
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Chamber of Mines calls for better engagement with stakeholders to sustain mining sector growth
The Ghana Chamber of Mines has called for prioritization of improved collaboration among all stakeholders in the mining sector in the coming year. This, the chamber says, will ensure sustained growth of the sector, which continues to be a key driver of economic growth in the country. According to the 2020 budget Statement and Economic…
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62 illegal miners arrested in Ahafo region
The Ahafo Regional Police Command has arrested 62 suspected illegal miners at Kenyasi in the Asutifi North District. The miners include 2 women and 60 men. The Regional Police Commander, DCOP Kwaku Buodu Peprah, who led the operation in a Citi News interview said the arrest follows a series of complaints from Newmont Ahafo Mines.…
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Coalition of NGOs refutes GIADEC’s claims on safe bauxite mining in Atewa Forest
The Coalition of NGOs Against MINING ATEWA (CONAMA) is demanding that the Ghana Integrated Aluminium Development Corporation (GIADEC), stops misinforming the Ghanaian Public on the bauxite development agenda. GIADEC in a recent media engagement on the latest developments in the sector, said the environment and especially river bodies which take their source from the Atewa…