As part of efforts to provide sustainable economic opportunities to help boost income levels of women in its host communities, AngloGold Ashanti (Iduapriem) Limited has commenced construction of a soap production factory in New Tokunaso in the Prestea-Huni Valley Municipality. The ultra-modern factory, which is eighty-five percent complete, will have...
The Chirano Gold Mine Limited (CGML), a subsidiary of Kinross Gold Corporation, has presented seven thousand mathematical sets to candidates sitting for the Basic Education Certificate Examination (BECE) in their catchment areas. The gesture, which among others affirms the Mine’s commitment to improving on the quality of education of communities...
The Ghana Extractive Industries Transparency Initiative (GHEITI) 2017/2018 report has uncovered that disbursement of mineral royalties to communities affected by mining activities left a two-and-half-year gap unpaid and unaccounted for. According to GHEITI, data gathered from the Office of Administration of Stool Lands (OASL) indicated that the last transfer of...
The Register-General, Jemima Oware, has announced the deployment of a new Central Beneficial Ownership Register for all companies operating in the country. “We will start with the extractive industry and other high-risk sectors like banks and other financial institutions,” she noted. According to her, a lack of information about who owns...
… as it sells Bogoso-Prestea Gold Mine to Future Global Resources for US$95m Golden Star Resources (GSR) Limited, the gold mining company that owns and operates the Wassa and Prestea underground mines, has said the sale of its Bogoso-Prestea Gold Mine to Future Global Resources (FGR) for US$95million presents the...
Research agency Standard & Poor’s (S&P's) Global Market Intelligence says major gold miners globally have seen their economically mineable gold reserves decline over the last decade, owing to a lack of new discoveries and a shift away from growth strategies to margin preservation. With top producers facing declining production profiles,...
Gold Fields Ghana received massive recognition at the 2020 Health, Environment, Safety and Security (HESS) Awards for its impressive sustainable development practices in environmental management, safety and social investments. The gold mining company, which operates the Tarkwa and Damang Mines in the Western Region, picked up five awards at the...
Since we issued our statement on Wednesday, 26 August 2020 on the Agyapa transaction, we have received messages from many different quarters, whether of commendation or respectful disagreement.   We feel compelled to offer some elaboration and clarification in respect of the matters we raised and, in some respects, draw...
We have each been involved in the Ghana mining sector for almost four decades, including participating in critical reforms of its regulatory regime. We are gravely concerned about the transaction by which 75.6% of royalties payable to government over the life of a number of mining operations are being...
Government is set to unveil a plan on how the nation’s natural mineral resources, especially gold, would see value added locally to create jobs, increase revenue to the state, improve the living standards of Ghanaians and place the nation on a stronger path beyond aid. Ghana has been producing gold, diamonds, bauxite and manganese for...
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