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.
Ghana Mining News
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.
Companies are teaming up to develop one of the country’s newest gold mine, the Asanko Gold Mine (AGM).
The Minister of Lands and Natural Resources announced that he has agreed to sign a Memorandum of Understanding with protesting workers.
Gold Fields Ltd.’s local unit to dismiss more than 2,000 staff as it starts the process of hiring a contractor to operate its biggest mine.
Ghana, Africa's second largest gold miner after South Africa, earned $5.78 billion from exports of the metal last year, up 17.6 percent on 2016.
Firm said the $412-million construction project to upgrade the Ivory Coast-based gold mine remained on-time and on-budget.
Obuasi is expected to start gold production by the third quarter of 2019.
Company has opened negotiations with local people in Ivory Coast in an effort to head off protests at two gold mines where the company aims to boost production by nearly 4% this year.
RosCan is targetting different land packages in Ghana and Mali.
The old underground mine is located within the Akrokeri prospecting licence held by GoldStone, about 1.5 km south of two proposed pits.
The London-based miner sold its 90% stake in the project to BCM International. The remaining 10% is held by the Ghanaian government.
In a bid to help a long-standing customer remain competitive amidst severe market pressures, Kal Tire Ghana went to the drawing board to customise a completely new price model that flexes with mining activity.
The Ity mine, in Côte d’Ivoire, has produced more than 1.2 million ounces of gold in its over 20 years of operations.
The buyer, Perth-based Red 5, is also acquiring Saracen Mineral Holdings' King of the Hills mine.