Tag: Ghana Chamber of Mines
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Unlock the full potential of mining, energy sectors for domestic industrialization – Abu Jinapor
The Ministry of Lands and Natural Resources has reiterated calls for players within the mining Industry to prioritize value addition to its extractives exported out of the country to ensure the country rakes in the full benefit of the Industry. The sector Minister, Samuel Abu Jinapor maintains that narrative of naturally endowed countries being caught…
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Gold production output expected to rebound by 16% in 2021
The Ghana Chamber of Mines is confident gold production by its members will increase by over 15 percent in 2021 after declining by about 5 percent in 2020 due to the impact of COVID-19. Overall gold production in Ghana declined by 12.1% in 2020, the highest year-on-year decline since 2004. During his presentation at the…
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Stakeholders in mining sector advocate for patronage of local electrical cables
Stakeholders in the mining sector, as part of efforts to push for more local content in production, are advocating for the use of locally-made electrical cables in the industry. It is for this reason that a set of new standards has been launched for the use of electrical cables in the mining industry. The Chief…
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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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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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Minings firms deny US$14 million gov’t dividends rip-off
The Ghana Chamber of Mines has refuted claims that some of its members pocketed US$14 million supposed to be paid to the government as dividends payments between 2013 and 2016. An investigation by an anti-corruption institution, iWatch Africa, had revealed that some six mining companies operating in the country defaulted in paying dividends to the…
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Gov’t moves in to stop under-valued gold exports
The issue of undervalued revenue generated from Ghana’s export of gold continues to be a challenge to the mining industry. Government has announced some measures to block the leakages in the revenue generated from the export of gold. Citi Business News has been speaking to some industry players to seek their perspectives on the effectiveness…
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Chamber of mines backs auditing of mining companies
The Ghana Chamber of Mines has welcomed the decision by the Lands and Natural Resources Ministry to roll out an operational audit for all mining companies in the country. The audit which will be rolled out in the next two to three weeks, is to ensure that revenue received by government from the country’s mining…