President Nana Addo Dankwa Akufo-Addo has said Ghana is seeking to derive more value from its bauxite resources by expanding the country’s processing capacity of the resource.
Speaking at the 61st Independence Day celebration in Accra, President Nana Addo said government will finalise details of an infrastructure programme before end...
Stakeholders and farmers of AngloGold Ashanti Iduapriem Gold Mine host communities have met to deliberate and agree on crop rates for mine-wide farm compensation for 2018. The meeting, which is held yearly, brings together relevant stakeholders to review crop rates used to pay compensation to farmers whose activities are...
The Ghana Mineworkers Union (GMWU) has served notice it will embark on a full-blown strike by Tuesday March 27, 2018, if the government does not call mining giant Goldfields to order.
Per the unions directives which is contained in a statement which was copied to the B&FT, prior to the...
The Ghana Mine Workers Union (GMWU) has filed an appeal at the Court of Appeal and a stay of execution pending its hearing after an Accra High Court last Friday dismissed an interlocutory application by the union to stop a planned redundancy exercise by mining giant Goldfields Ghana Limited.
The...
Information reaching www.thebftonline.com indicates that, tension is brewing at Goldfields Ghana Limited (Tarkwa Mine) over the company’s attempts to serve termination letters to over 2000 permanent employees to be laid off as part of its proposed retrenchment.
This comes after the management of the mining giant, brought in uniformed armed...
Ghana will certify the value of gold exports as part of efforts to tighten controls on the sector to ensure the state receives all revenues it is due, the vice-president said on Tuesday.
Ghana, Africa’s second-largest gold miner after South Africa, earned US$5.78billion from exports of the metal last year...
The Vice President Dr. Mahamudu Bawumia has disclosed that, the government has begun discussions with the gold mining companies over export of gold.
According to the second gentleman, is expected to help ensure that, the country derives the maximum revenue from the country’s gold which is exported.
He also said, Precious...
The Minerals Commission has inaugurated a five-member audit committee to help implement risk management strategies and ensure a high level of corporate governance.
The committee has been tasked to support Management of the Commission to meet the financial management reforms under the Public Financial Management (PFM) Act, 2016 (Act 921).
It...
The Ghana Mineworkers Union (GMWU) has rejected moves by mining giant AngloGold Ashanti to move from owner mining to contract mining, a trend the union is already battling Goldfields Limited over in the law courts.
The union, in a press statement, called on Parliament to not ratify the Development Agreement...
Moves into Contract Mining with 21years life of the mine
Between 2000 – 2500 to be employed
Tax Concession Agreement and Development Agreement Awaiting Parliamentary Approval
Mine production for 10years – averaged 350,000oz – 450,000oz at an average head grade of 8.1g/t.
The initial cost of the project...