The General Manager of Shandong Gold Group - parent company of Cardinal Namdini Mining Limited - Hang Li, has assured government of the outfit’s determination to pour first gold at the Namdini project at Talensi in the Upper East Region by the 2024 deadline.
Speaking in an exclusive meeting held at the headquarters of Shandong Gold Group in Jinan, China, with officials of the Ministry of...
Employees and community members of Golden Star Resources’ (GSR) recently sold Bogoso Prestea Mine are petitioning the government to intervene in the mine’s sale due to inherent risks the deal poses to Ghanaian employees and the micro-economy of Prestea Huni-Valley Municipality.
The employees are saying the deal if allowed to...
...but sector holds firm to emerge economy’s lead export earner
Gold production in 2020 fell 12.1 percent - the highest decline since 2014 - from 4.577 million ounces in 2019 to 4.023 million ounces, the Ghana Chamber of Mines said in its 2020 annual report, citing COVID-19.
Despite the decline in...
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...
Domestic gold production is projected to reach a record-breaking 4 million ounces (oz) in 2023, compared to 3.7 million ounces in 2022.
This will mark the highest production in three years, once again solidifying the country’s position as foremost gold producer on the African continent.
The Ghana Chamber of Mines (GCM)...
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;...
Australian gold miner Resolute Mining Ltd said on Thursday it would sell its Bibiani mine in Ghana to Canada's Asante Gold Corp for US$90 million.
The sale comes months after China's Chifeng Jilong Gold Mining cancelled a deal to buy the mine, saying it had not received timely information about...
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 Bank of Ghana (BoG) had acquired a total 432,358 ounces (oz) of gold from Ghana Chamber of Mines (GCM) members as of mid-December 2023, under the Domestic Gold Purchase Programme (DGPP) and voluntary forex sales initiative.
This is equivalent to about 84 percent of the Bank’s planned purchases in...
The 2020 National Best Farmer 1st Runner-up, Nana Kofi Drobo IV has urged the government to revise its anti-illegal mining strategy to effectively tame the menace, indicating that, the country needs tighter regulations and uncompromising enforcement to suppress the threat.
According to him, Illegal mining remains a bane of society,...