The miner is also said to be ready to shut down operations at its Obuasi gold mine, in Ghana, for up to two years.
Ghana Mining News
Analysts claim Sub-Saharan Africa's investment environment is deteriorating.
Last year Ghana arrested and deported almost two hundred Chinese illegally mining gold in the country.
In the third quarter of 2013, Ghana's output of the precious metal declined by 18%, the Minerals Commission says.
The two companies will create a mid-tier producer with two Ghanian mines. Expected annual output of 400,000 ounces by 2017.
The cost-cutting miner, however, warned it's in the process of exiting a number of exploration projects in 13 "non-core" countries.
Company working on improving its increasing cost structure.
Last week’s spillage from a pipe at the miner's operations in Stilfontein is said to have spread toxic waste over about 1.6 kilometres of the water resource.
The official version is that the three small-scale miners lost their lives after inhaling excess smoke in a pit during a blast to extract the mineral.
Identified as nationals of Niger, Nigeria and Togo.
Illegal mining by Chinese nationals has become an increasing source of contention and resentment for local Ghanaians.
Government wants to crackdown on cable and fibre theft affecting telecom operators.
Experts believe agricultural, mining and energy resources could easily boost the continent’s economic growth in the next two years.
The company said it will build a second mill at its Ahafo mine.
Government vows to pursue both foreigners and locals involved with bad practices in gold and diamond extraction.
Mining in Ghana today is mostly done illegally, by both undocumented immigrants and children.
There is an estimated 10,000 immigrants, most of them Chinese, engaged in illegal mining in the African country.
Ghana now accounts for about 42% of the company's gold output.
An international effort to ensure good governance of natural resources could do more to improve accountability and sustainability (IIED), according to research in the oil- and gas-rich Caspian Sea Region that the International Institute for Environment and […]
A visual look at people, production, reserves and economic impacts.
With the exception of Ghana and Cape Verde, which were ranked as “medium risk” in the index published Wednesday, all others were classified as “high risk."
Reality TV series such as “Bamazon,” on the History Channel, or “Gold Rush” and “Jungle Gold” on the Discovery Channel, have elevated the global mining bonanza into living-room entertainment, write New York Times columnists Nathan Lujan, Devin Bloom and Cynthia Watson.
SRK reports 1.3 billion tonnes grading 33.8% iron including 1.05 billion tonnes primary ironstone and hardcap at 35.2% iron and 0.27 billion tonnes detrital iron at 28.2% iron.
Tensions between locals and overseas mining interests escalate
Perseus Mining (ASX, TSX: PRU) said Wednesday gold production at its Edikan gold mine in Ghana will be less than the 58,500 ounces projected in late November for the December 2012 quarter.