Category: Mining
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Mining expert calls for sustainable replacement for Operation Vanguard in galamsey fight
A mining expert has said the government must begin steps to phase out the joint military-police taskforce, Operation Vanguard, in the fight against the activities of illegal miners. Dr. Isaac Karikari, Coordinator of the Multi-sectoral Mining Integrated Project (MMIP) under the Ministry of Lands and Natural Resources, speaking at a stakeholder forum said while the…
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Mining companies resolve to deepen partnership with government
Mining companies have resolved to deepen their partnership with government in the coming year to have their concerns addressed. The Chamber of Mines says this will also ensure that government continues to create a conducive environment for mining companies to operate, while they also fulfill their obligations to the state. Among some of the concerns…
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China releases funds for phase one of Sinohydro project
Funds for the first tranche of the ‘bauxite for development’ barter agreement, popularly known as Sinohydro deal, signed between the Government of Ghana and the People’s Republic of China has been released, the Vice President of the Republic, Dr. Mahamudu Bawumia has disclosed. Speaking in Accra on Monday, 11th November 2019 at the Jubilee House,…
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Govt’s shut down of Akwatia Mine is illegal — Jospong fights back
Jospong Group of Companies which operates the Akwatia Mine has described the government’s decision to lock up the place as an act of illegality done without recourse to the rule of law. The company said it lawfully took over the mine eight years ago and thus any government action must be done with all stakeholders…
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Women in Mining call for swift passage of affirmative action bill
Women in the mining sector are calling on the government to hasten the passage of the Affirmative Action Bill to law. The women say that its passage will solidify their involvement in the mining sector as their voices will be heard. They spoke to Citi Business News at the Women in Mining 2019 workshop and…
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Ghana Manganese Company denies complicity in tax fraud allegations
The Management of the Ghana Manganese Company has denied government’s allegations that it was engaged in tax evasion which led to the shutdown of the company. The company was on Monday ordered to shut down its operations by the Minister for Lands and Natural Resources Kwaku Asomah-Cheremeh. Mr. Asomah-Cheremeh said the decision was taken after…
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Ghana Manganese Company shut down over US$300m loss
Kweku Asamoah-Cheremeh, Minister of Lands and Natural Resources on Monday announced the temporary shutdown of the operations of the Ghana Manganese Company Limited (GMCL) effective August 6. The action, he explained was as a result of a preliminary technical and financial assessment conducted by the government, which showed that the state had lost over US$300…
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Activities in mining and quarrying push June PPI to 7.6%
The Producer Price Inflation (PPI) for June 2019 has increased to 7.6 percent compared to the same period in the previous year. This rate represents a 0.9 percentage point increase in the producer inflation relative to the rate recorded in May 2019 which was 6.7 percent. The Producer Price Index measures the average change over…
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Gov’t must prioritise investment in artisanal and small-scale mining – Third World Network-Africa
Mining industry stakeholders have called for improved and sustained support for artisanal and small scale mining of both salt and gold in Ghana. According to them, the downgrading of artisanal and small scale mining (which directly employs an estimated one million people and supports approximately 4.5 million more) in favor of large scale mining is…
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Resolve confusion over regulator for small-scale mining in Ghana – Third World Network
The Third World Network-Africa has called for clarity on which institution or institutions are currently exercising oversight responsibility on artisanal and small scale mining of gold in Ghana. The lack of clarity according to the network, is creating confusion on the ground for miners and is not helping to grow the sector, almost 7 months…