… 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. Â
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...
Adamus Resources, operator of the Nzema Mines at Teleku  Bokazo, which exported US$115million  of gold in 2019, has been refused permission to sell gold and to export  gold from Ghana pending the  settlement of a royalty dispute between Adamus and African Champion Industries Limited (ACI) a Ghanaian-owned public company.
The...
As I always tell folks, value is either created or destroyed by the decisions a government makes. As a country, we have endured many bad choices in the past. Some of these value-destroying decisions have been self-inflicted unnecessary chaos that does not stand up to reason. Just think about...
President Nana Akufo-Addo has inaugurated the Community Mining Programme at Bamiako in the Nzema East Municipality of the Western Region.
The Community Mining is an initiative instituted by government as alternative to the illegal ‘galamsey’ mining activities in the country.
Under the programme, community miners who hitherto were engaged in illegal mining...
Ghana Rubber Estate Limited (GREL) could lose €550,000 of investment made on their plantation from 2010 to 2020 if illegal miners, or ‘galamsey’ operators, are not driven away from the company’s concession.
Perry Acheampong, Corporate Affairs Manager of GREL, told B&FT in an interview that should the concession be lost,...
