The Ghana Chamber of Mines has bemoaned the worsening security situation around some mining installations in the country, noting that disruptions could affect the industry’s contribution to economic growth. In 2022, gold output reached 3.7 million ounces - enabling the country to replace South Africa as number-one producer of the...
Domestic gold production went up 32 percent from 2.8 million ounces in 2021 to 3.7 million ounces in 2022, propelling the country to the summit as Africa's largest producer of the precious yellow metal. The increase, the Ghana Chamber of Mines (GCM) explains, is attributed to a combination of fresh output and expansion...
In the wake of controversies surrounding government’s management of the illegal small-scale mining menace, popularly known as ‘Galamsey’, a former Executive Director of the Environmental Protection Agency (EPA), John Pwamang, has bemoaned the unlawful importation and use of mercury for Artisanal and Small-Scale Gold Mining (ASGM). According to the former...
Across the globe, there is a persistent and consistent drive within the energy sector to shift from fossil-based systems of energy production and consumption to renewable energy sources such as wind, solar as well as lithium-ion batteries. This drive has gained even more impetus with the soaring prices of...
The value of Ghana’s gold export receipts for 2022 is estimated to be some US$ 6.6 billion. The amount is over US$1 billion more than the figure realised in 2021 - US$5.083 billion, which was a decline from US$ 6.779 billion recorded in 2020. This was attributed to the contraction...
...MD working hard to ensure sustainability The revival of the Prestea Sankofa Gold Mine in the Prestea Huni Valley Municipality of the Western Region has brought a sigh of relief to the people, especially small and medium enterprises (SMEs) whose businesses went down the drain. A visit to the town...
AngloGold Ashanti has refuted claims that some illegal miners are trapped underground at its Obuasi Mine. According to the management of the company, its attention has been drawn to media reports alleging that illegal miners may have been trapped underground in the northern areas of the mine, remote from the...
Perhaps no topic in the corporate world today is more critical than environmental, social and governance issues. Environmental issues, commonly known as sustainability, are at the forefront; forcing both public and private companies to reassess the impact of their operations on greenhouse gas emissions, climate change and environmental sustainability...
The Ghana Integrated Aluminium Development Corporation (GIADEC) has been strategically established by government to add value to the country’s raw bauxite resources and phase-out raw exports of the natural resource in the short- to medium-term, President Nana Addo Dankwa Akufo-Addo has said. According to the president, the real value of...
In Ghana, gold mining has always been a profitable venture for people in areas rich with minerals. Small-Scale Mining (SSM) is a major driver of the economy, directly employing an estimated 1 million Ghanaians and supporting around 4.5 million others. SSM has accounted for around one-third of the country’s...