Tag: Minerals Commission
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BoG backs laws to demand data on gold exports
The Bank of Ghana (BoG) has backed moves for laws to compel the Minerals Commission to submit data on export proceeds from gold to guide the tracking of export receipts. The central bank believes this will prevent possible instances of under-invoicing by some gold exporters. The comment also follows concerns raised by some members of…
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Refineries threaten boycott of Ghana gold over galamsey
Ghana risks a boycott of its gold by major refineries across the globe if it fails to tackle illegal mining activities in the short term. This is the caution from industry players. According to them, the country also risks huge revenue losses from small scale mining which accounts for about thirty percent of the total…
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Govt regularizes galamsey to curb the menace in 5 years
Government has launched a new project aimed at curbing illegal mining activities in the country at least within the next five years. To this end, it has commenced a multi-lateral mining integrated project which will regulate the activities of illegal miners and reduce the impact of destruction to the environment. The project among others seeks…
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Brexit, Trump policies to drive China to Ghana’s gold mines
China’s decision to seek investment options in Africa and Latin America will lead to the massive growth highly expected of Ghana’s mining sector this year. The development will come on the back of the high levels of uncertainties associated with the administration of US President Donald Trump and the decision by Britain to leave the…
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Mine workers livid over protracted wage discussions
The Ghana Mine Workers’ Union (GMWU) has given the strongest indication yet not to tolerate what it describes as undue delays in salary negotiations for its members from next year. The mine workers argue that the increasing number of protracted negotiations is likely to ruin the sector’s output if workers are continuously marginalized. “We remain…
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Illegal miners must leave AngloGold’s Obuasi site – Minerals Commission
The Minerals Commission has given the strongest indication yet for illegal miners still occupying the Obuasi concession, of AngloGold Ashanti, to evacuate the site or suffer ejection. This comes on the back of the insistence of some of the informal miners not to relocate to the new site allocated by the Commission. “I am not…
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Mining firms adopt renewable energy to reduce costs
Citi Business News has gathered that mining companies in the country have resorted to renewable energy as a supplement to power supply due to the increasing cost of thermal power. Mining companies have complained about the high cost of operating thermal power and the discomfort that comes with it. Speaking to Citi Business News Chief…