Thursday, January 28, 2021
Gold miners will need to invest $37 billion into projects in the next five years to maintain 2019 production levels and counter the prospect of peak supply, consultancy Wood Mackenzie said in a report on Wednesday. With no major new gold discoveries over the last few years, miners have resorted...
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 best opportunity to focus all of the company’s attention on maximizing the...
The Ashanti Regional Health Directorate’s fight against the deadly coronavirus (COVID-19) has received a major boost as mining equipment and technology services provider, Sandvik Mining & Construction (Ghana) Ltd has donated personal protective equipment to the directorate. The GH¢150,000 equipment are to augment government’s supplies and help the region with...
The firm price of gold in the face of the Coronavirus pandemic offers significant hope to the economy, a former Chief Executive Officer of the Minerals Commission, Dr. Toni Aubynn, has said. Speaking during a webinar on how mining could help to mitigate the adverse impact of the pandemic on African...
AngloGold Ashanti (Ghana) has successfully graduated a batch of eight students from their first Graduate Trainee Programme and matriculated its second batch in a colorful ceremony held in Obuasi. The company instituted the Graduate Trainee Programme, a developmental initiative to offer brilliant and promising students from tertiary institutions the opportunity...
The Precious Minerals Marketing Company Ltd. (PMMC) has installed new ultramodern equipment at its assay laboratory at the Kotoka International Airport to facilitate testing of gold and other metals for exports. The new equipment includes X-ray Fluorescence (XRF) Spectrometer; Electrical Conductivity Tester for Gold; Technical Specifications for Ultrasonic Flaw Detector;...
Government’s fight against illegal mining has cut out supply to local jewellers whose main source of raw material is small-scale miners, pushing some to the brink of collapse. If government can help them find other sources of supply - since no one sets eyes on gold produced by large-scale multinationals...
To promote transparency and reduce all corruption risks associated with the awarding of mining licenses and permits, face-to-face processing must be replaced with digitisation, a new report by Ghana Integrity Initiative (GII), the local chapter of Transparency International, has recommended. Titled ‘Corruption Risk Assessment Report on Mineral Mining Licensing in...
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...
set to better last year’s production revenue to remain intact The mining sector is confident of improving on last year’s production of over 4 million ounces of gold, despite the devastating effects of the novel Coronavirus, the Ghana Chamber of Mines, has assured. Although the Chamber is still in the...
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