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...
Golden Star Resources Ltd has said it has entered into an agreement with Future Global Resources for the sale of its 90percent interest in the Bogoso-Prestea Gold Mine.
The agreement stipulates that an initial purchase price of $55 million shall be paid with a further contingent component of up to...
With more than 30% of the world’s mineral reserve, mining on the African continent dates back to the 15th century – currently, mining industries in Africa produce more than 60 different metals: copper, diamond, gold, gemstones, platinum, aluminium, bauxite, manganese, coal, iron ore, nickel, lead and zinc are a...
Gold production in Democratic Republic of Congo continues to be systematically underreported while tonnes of the precious metal is smuggled into global supply chains through its eastern neighbours, a United Nations report has found.
The countries along Congo’s eastern border have long been conduits for gold worth billions of dollars...
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...
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...
Industrial gold output from Ghana, Africa’s top producer of the precious metal, increased 6% in 2019 from the previous year while small-scale gold production dropped 20%, the Chamber of Mines said in its annual general meeting on Friday.
Industrial mines produced 2.989 million ounces of gold in 2019, up from...
Abosso Gold Fields Limited (AGL) has spent a total of GH¢621, 000 on Personal Protective Equipment (PPE) to support the fight against Coronavirus Disease (COVID 19) in the Prestea Huni-Valley Municipality.
The first batch of the items which was presented few weeks ago are; 15,670 pocket-sized alcohol based hand sanitizer,754...
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...