Data shows West Africa has the biggest growth rate in the yellow metal’s resources in the world.
Ghana Mining News
The company has increased its overall reserves by 6%, net of mining depletion.
The company also updated the project’s indicated resource, which now totals 981,465 tonnes at 7.5 grams gold for 237,897 oz. gold.
The company's net income attributable to shareholders was $2 million in the fourth quarter ended Dec 31.
Ghanaian President Nana Akufo-Addo issued a firm warning: stop expecting supercharged profits from Africa’s mineral riches.
The miner has completed the first week of underground development blasting at its Obuasi mine, in Ghana.
Executives, investors and government officials meet in Cape Town this week at the African Mining Indaba, the continent’s biggest gathering of one of its most essential industries.
Effective June 1, 2019.
“The sequence of events that led to the closure of the mine will not recur under the watch of this government.”
The Canadian miner now owns 85% of Ity, the government of Ivory Coast 10% and State-owned mining company Sodemi the remaining 5%.
The Tarkwa mine engineering management has been satisfied with the performance of the installed Metso valves as they have yielded step changes in their consistent reliability and the plant’s overall efficiency.
The 135-kilometer (84-mile) railway, which will link mining operations to a river terminal, will cost an estimated $1.2 billion and is expected to start operations in 2022.
The mine is 307 km northwest of the nation’s capital of Accra, and is situated along the Sefwi Volcanic Belt, a northeast-southwest trending volcanic belt in western Ghana.
Ghana will seek to raise $750m through a sale of shares in a fund that will hold the West African nation’s stakes in mining companies and receive royalties.
AngloGold Ashanti Ltd.’s new CEO, Kelvin Dushnisky, said his goal of unlocking value at the world’s third-largest gold producer will involve focusing on its best assets.
The mine is one of Ghana’s newest gold operations and it is located in the country’s Ashanti Region.
The country's environmental protection agency has issued permits for AngloGold's Obuasi mine, paving the way for its redevelopment.
The US-based miner, however, cannot directly negotiate wages and other benefits with its subcontractor’s employees.
Miners area are teaming up to develop one of Ghana’s newest gold mine, the Asanko Gold Mine (AGM), located in the Ashanti Region.
Gold mining giants in Ghana such as Newmont, Gold Fields and AngloGold Ashanti welcome new government tests to certify the value of their exports.
The South African gold producer is setting aside pursuit of new acquisitions for a year as it focuses on its existing operations and nearby prospects instead, the bullion producer's chief executive told Reuters late on Tuesday.
The group is seeking a total investment of $246 million for the refineries and related processing centres, in Ghana and the Democratic Republic of Congo.
The Canadian miner is the latest company to be hit by changing policies in Africa as governments seem increasingly willing to upend historic deals with foreign companies in their quest for more mining revenue.
Operations were shut down on Saturday following an accident in which six construction workers were killed.
"Our priorities right now are to support the families of those who lost loved ones," CEO Gary Goldberg said.