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...
...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...
GAWU signals COCOBOD to act or miss 900,000 tonnes target
Sefwi, Juaboso, Akotombra farms at big risk
Forestry Commission, chiefs, district assemblies sit aloof
Every week, illegal mining activities or ‘galamsey’ destroys at least 20 acres of cocoa farms in the Sefwi-Wiawso, Juaboso, Bia and Akotombra areas in...
Players call on gov’t for swift intervention
Local jewellers are struggling to keep their heads above water as a myriad of challenges are threatening to wipe out the industry that holds a semblance of connection to the country’s industrial gold mining sector which feeds refineries around the world.
The...
The country could substantially strengthen its foothold as Africa’s top gold producer if issues concerning insecurity at mines, delays in obtaining permits and railway infrastructure are addressed, the Ghana Chamber of Mines, has said.
The Chamber’s Chief Executive Officer Sulemanu Koney said these issues have been identified as having the...
The Chirano Gold Mine Limited (CGML), a subsidiary of Kinross Gold Corporation of Toronto, has posted a strong growth forecast following some positive yields from the Mine’s exploration programme.
The Vice President and General Manager of CGML, Terence Watungwa, said “exploration programme at Chirano continued to yield excellent results and...
Efforts to tame illegal mining, popularly known as ‘galamsey’, have failed to yield results in the Ahafo Region, as the menace continues to attract a significant number of youth to wreak havoc on the environment with impunity.
The galamsey menace is rife in communities like Ntotroso, Gyedu, Kenyasi, Hwidiem and...
The economy recorded a trade surplus of US$2billion last year, equivalent to 3 percent of Gross Domestic Product (GDP), on the back of strong gold prices, according to latest Bank of Ghana (BoG) data.
The country raked in a total US$14.45billion from its exports against total imports valued at US$12.43billion...
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,...