The world’s third-largest gold producer returned to profit in the fourth quarter, did not manage to avert posting a net loss for 2015.
Ghana Mining News
AngloGold says Ghana troops need to protect Obuasi after attack
AngloGold Ashanti asked Ghana to redeploy troops at its Obuasi mine after an employee died in an attack by hundreds of illegal miners on the facility last week.
Endeavour Mining leaves the ASX, shares plummet
It said the move reduces its administrative, compliance and legal expenses, which could no longer be justified given the low levels of trading on the ASX relative to Endeavour’s TSX listing.
Randgold Resources bails out of Ghana partnership with AngloGold
The company said it believed that the Obuasi mine does not meet its criteria for making an investment.
Gold Fields deciding Ghana’s mine fate, as bullion prices dive
Its Damang mine in Ghana is struggling with current gold prices, the firm said.
Endeavour Mining busting out in West Africa
Shares in fast-growing producer surge after drill results at Cote d'Ivoire "free dig" mine provide extensions of oxide mineralization and fresh resources.
Endeavour boosts presence in Africa’s gold sector on deal with La Mancha
The Vancouver-based miner has sold 30% of the company to La Mancha Holding in a deal that will grant it a majority stake in the massive Ity gold mine, in Côte d’Ivoire.
Randgold, AngloGold Ashanti join forces to revamp Ghana mine
Under the agreement with AngloGold, Randgold will lead and fund a development plan to rebuild the Obuasi gold mine in Ghana.
Endeavour Mining up on positive drilling results at African gold asset
Results confirm high grade mineralization zones at the firm's Agbaou gold mine, in Côte d’Ivoire.
West Africa gold miner surges after stellar quarter
Endeavour Mining shares jump 10% after Vancouver firm slashes debt as mines in Cote d'Ivoire, Mali, Burkina and Ghana mines throw off cash.
Over 12,000 children rescued from illegal gold mines in Tanzania
The country bans child labour in mines, but critics say the government has not done enough to stop illegal operations from exploiting minors.
Ghana urged to end child labour in gold mines
A rights group estimates that thousands of children as young as nine are working in the country's gold mines, violating international and local laws, as well as risking their lives.
Gold mining still most significant source of income in Africa, Asia — WGC
Mali, Papa New Guinea, Burkina Faso, Guinea, Tanzania, DRC and Mongolia among countries where gold mining contributed the most to their locals economies, says the World Gold Council.
AngloGold, Newmont in talks over sale of Colorado mine
The sale would be one of the largest of a U.S. gold mine since the price of the precious metal began falling in 2013.
AngloGold Ashanti back to black
The miner, which is the world’s No.4 bullion producer, said unreasonable wage demands and escalating power costs in South Africa will likely push the country’s industry down the slippery slope.
3 gold miners die in Ghana
Three miners died last week in Ghana after inhaling toxic fumes while underground.
AngloGold a step closer to selling U.S. mine
Newmont, Kinross, Goldcorp and Iamgold among the companies said to be interested in all of part of Cripple Creek & Victor mine.
AngloGold Ashanti shares plummet on spin off announcement
The miner has revealed a major restructuring involving a plan to raise $2.1 billion in a rights issue and spin its international assets into a new London-listed company.
Ghana’s new law could end illegal mining
The revised regulation will empower courts to confiscate equipment seized from illicit miners.
AngloGold Ashanti to keep cutting costs, jobs
Firm also working to restructure Obuasi mine in Ghana.
Mali revokes 130 mining licences
Decision comes on the heels of a finished inventory of permits, which aimed to clean up the sector.
Goldcorp mulled buying Newmont Africa mines: Bloomberg
Move signifies departure for Vancouver-based miner.
Ghana to stop handing out gold exploration permits
An initial 90-day moratorium on new prospecting permits could be extended if necessary, authorities said.
Small oil companies eye huge prize in Ghana
West Africa's emerging hotspot of Ghana is one of the best indicators of how the oil and gas playing field is undergoing a major transformation.
AngloGold Ashanti selling its Namibian division for $110 million
The miner is also said to be ready to shut down operations at its Obuasi gold mine, in Ghana, for up to two years.
