Ghana to end copper exports

Cecilia Jamasmie | June 4, 2013
Ghana to end copper exports

Government wants to crackdown on cable and fibre theft affecting telecom operators.

Illegal Chinese gold mining triggers conflict in Ghana

Marc Howe | October 8, 2012

Illegal gold mining by Chinese nationals using heavy machinery has fueled resentment and hostility amongst local communities in Ghana.

Gold Fields appoints new Ghana country manager

BrightWire News | September 26, 2012

Gold Fields Limited announced the appointment of Ghanaian businessman Pierre Charles Coussey as new country manager for the company's operations in Ghana (Gold Fields Ghana Limited and Abosso Goldfields Limited).

Gold production in Africa up almost 10% in 2011

Cecilia Jamasmie | September 6, 2012

But South Africa's output continues to fall says the Economics Group’s.

Perseus Mining reports maiden profit of $52.5 million

Cecilia Jamasmie | August 28, 2012
Edikan Gold Mine

Gold miner Perseus Mining (ASX & TSX:PRU) reported Tuesday a maiden profit of A$52.4-million for the 12 months ended June, after the company reported its first half year of commercial production.

Ghana’s diamond output falls 33% losing $2.7m revenue in 2012 half-year

Ghana Business News | August 20, 2012

Production of diamond in Ghana fell by a significant 33% during the first-half year of 2012, according to a report by the Ghana Chamber of Mines released August 17, 2012.

Ghana's president John Atta Mills dies suddenly News | July 24, 2012

Newswires are reporting Ghana's President John Atta Mills has died in hospital in the capital of the West African nation, Accra. A statement from his office said the 68-year-old – who had suffered from throat cancer – died a few hours …

Gold and bauxite boost Ghana GDP growth to 8.7%

Adom 106.3 FM | June 29, 2012

According to the Ghana Statistical Service, the total value of goods and services produced in Ghana grew by 8.7% in the first quarter of 2012, relative to that of 2011.

PMI Gold announces more encouraging drill results from the 513 Prospect, Kubi Project

The 513 Prospect is situated within PMI's Kubi Project and is located on the altered eastern margin of the north-east trending Ashanti Shear, which controls the world-class Ashanti Obuasi Gold Mine, 15km to the north.

Golden Star Resources completes sale of $77.5 million convertible senior unsecured debentures

Golden Star Resources holds the largest land package in one of the world's largest and most prolific gold producing regions in Ghana.

Invest in Africa now: Nana Sangmuah

The Gold Report | April 29, 2012
Top Chinese gold miner sets aside $1bn for African buys

Last year, Africa was the region that witnessed the strongest growth in gold-mining operations. In an exclusive interview with The Gold Report, Nana Sangmuah, managing director of research with Toronto-based Clarus Securities, expects that trend to continue and suggests some immediate smart investments in Ghana, Mali, Liberia and the Democratic Republic of the Congo.

Win some lose some: Gold Fields delving deeper into Philippines, suspends drilling in Mali

Frik Els | March 26, 2012

Nick Holland of CEO Gold Fields said on Monday the company has plonked $63 million on a second gold-copper project in the Philippines. The globe's fourth-largest gold miner also announced it is suspending drilling in Mali, Africa's third largest gold producer following a military coup.

Newmont slides after taking $1.6 billion Arctic hit

Frik Els | February 24, 2012

Shares in Newmont Mining was down 2.7% on Friday after the company announced a $1.6 billion charge after mothballing its Hope Bay project in northern Canada.

Newmont could redirect Conga billions to Ghana if delays continue

Frik Els | February 8, 2012
Blanchard: Fed overselling rate hike great for gold

Newmont Mining, world number two gold producer, said on Wednesday it has options to spend its capital elsewhere to meet production targets if its $4.8 billion Conga project in Peru does not restart.

Cardero's Ghanaian Partner Issued 3 Prospecting Licenses, JV Agreements Concluded and Exploration Initiated Over Sheini Hills Iron Deposits, Ghana

Marketwire - Mining and Metals | January 24, 2012

Cardero Resource Corp. ("Cardero" or the "Company") (TSX:CDU)(NYSE Amex:CDY)(FRANKFURT:CR5) announces that Emmaland Resources Limited, its Ghanaian joint venture partner ("Emmaland"), has received from the Government of the Republic of Ghana, through the Minister for Lands and Natural Resources (Ghana) ("Minister"), three prospecting licenses covering lands located in the Zabzugu-Tatale District in the Northern Region of the Republic of Ghana, and referred to as the Sheini Hills Iron Project (approximately 400 square kilometres in aggregate).

Residents along polluted river threaten to deal with Newmont | January 6, 2012

Residents of Kwame Boahenkrom in the Asutifi north district of the Brong Ahafo Region have threatened to deal ruthlessly with Newmont Ghana Gold Limited if they do not halt polluting their water bodies.

Brawl brews over Sheini Hills iron ore mines

Citifmonline | December 7, 2011

A long legal battle is looming over who has the right to mine iron ore in the Sheini Hills at Zabzugu-Tatale in the Northern region of Ghana.

Gold Fields says Ghana tax plan may halt $1 billion projects

Bloomberg | December 5, 2011

Gold Fields Ltd., the fourth-biggest producer of the metal, said Ghana’s plan to raise tariffs on mines and introduce a windfall tax could force it to halt expansion projects worth $1 billion in the country.

Company Announcement: High grade gold intersections at Kanyankaw

Mining Weekly | December 2, 2011

Adamus Resources Limited is pleased to announce that its ongoing exploration program has returned positive results from the recent RC drilling program at its Kanyankaw project (22km east of the Nzema Gold Project), located between Tarkwa and the port town of Takoradi.

Keegan Settles Majority Interest of Ghanaian Lawsuit

Marketwire - Mining and Metals | November 25, 2011

Keegan Resources Inc. (TSX:KGN)(NYSE Amex:KGN) ("Keegan" or the "Company) is pleased to announce that it has entered into a written settlement agreement with two parties who together hold a 60% interest in the outcome of the litigation commenced in 2009 in Accra, Ghana involving the Company's Esaase Project.

Ghana: Taxes on mining companies to be hiked

Pambazuka News | November 18, 2011

Ghana will seek to boost revenues from its mining industry next year by hiking taxes, according to a text of the 2012 budget delivered to parliament.

Ghana budgets for mining tax hike

Mining MX | November 17, 2011

Ghana will seek to boost revenues from its mining industry next year by hiking taxes, according to a text of the 2012 budget delivered to parliament on Wednesday.

The corporate tax rate on miners will increase to 35% from 25% and a separate 10% tax on windfall profits will be introduced, according to the text.

IAMGold is looking to buy. Are you selling?

Frik Els | November 11, 2011

Reuters reports Canadian gold miner IAMGold is on the look-out for acquisitions and while it is not itself up for sale, its chief executive said on Friday the company represents good value right now.

IAMGold has in the past said interested in various stage projects, from exploration through to production and just over the last fortnight has put money into three South American juniors. IAMGold produces roughly 1 million ounces per year from operations in Africa and North and South America and sees bullion topping out at $2,000 an ounce this year or next from current levels around $1,790.

West African gold explorer completes Can$81.25 million equity offering

Michael Allan McCrae | November 2, 2011
Ivory Coast (Cote d'Ivoire), vector map

Perseus Mining (TSE:PRU), a West African gold explorer and miner, completed a Can$81.25 million equity offering.

The offering, 25 million ordinary shares at Can$3.25 each, was underwritten by a syndicate of underwriters co-led by Clarus Securities Inc., Dundee Securities Ltd. and CIBC World Markets Inc.

Funds will be used to develop the Sissingue gold deposit at the Tengréla Gold project, as well as for general corporate purposes.

Newmont pays more than $47 million to Ghana government

Ghana Review International | October 21, 2011

Newmont Ghana Gold Limited has paid more than $47 million (GH¢71.44 million), representing taxes, royalties and levies for the third quarter of this year, to government.

Dust-up over small gold, diamond explorer involves some big names

Andrew Topf | October 20, 2011
Report: At least one large gold hedge this year

A dispute between investment banker Euro Pacific Canada Inc. and Midlands Minerals Corp. (CVE:MEX) is drawing in two of the biggest names in the gold investing industry.

The Globe and Mail is reporting that Euro Pacific Canada is seeking damages of $10 million from Midlands over a breach of contract — an amount that is actually larger than the tiny explorer's market cap of $7.21 million based on today's counter.

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