Mining

Miners close to resolving impasse with Newmont

newmont

Barring any last minute hitches, the arbitration between Mining giant Newmont Ghana and its junior staff could see some closure next week. This follows reports that negotiations between the two in their dispute resolution process are far advanced. The impasse between the two heightened when Newmont announced its intentions to lay off some 600 of its workers as part of ...

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Metso Minerals Ghana dragged to court

METSO

Mining Services Giant, Metso Minerals Ghana has been dragged to court by a Former Country Managing Director and Financial Director of the company over the termination of their appointments. The two are also in court over the failure of the company to pay them their severance package. Their appointments were terminated over mismanagement of the company. Another writ for contempt ...

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Minerals Commission to promote local concessionaires

Dr. Toni Aubynn

The Minerals Commission says it is willing to help skilled job seekers create their own jobs in the mining sector instead of continuing to search for placement in a sector dogged by massive job-cuts. According to Chief Executive Officer of the commission, Dr. Toni Aubynn, it’s more advisable for people, mostly graduates armed with the requisite skills to form synergies, ...

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Invest in Africa pushes for local mining investment

INVEST IN AFRICA

Invest in Africa, an investment Consortium, is charging government to identify a number of local budding companies in the extractive industries to extend some support to them to become global giants. Ghana, for several decades, despite its gold mines and other resources cannot boast of indigenous global giants in the mining industry. Country Manager for Invest in Africa, Sam Brandful tells ...

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Retrenched workers of Anglogold given investment options

anglogold

Anglogold Ashanti (AGA), Ghana, with guidance and endorsement from the Ghana Mines Workers’ Union, has given a lifeline to more than 800 workers it has retrenched by organising a special investment fair at which the workers were provided with financially secure and safe advice from experts. The objective of the fair was to impart knowledge on how to manage their ...

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Newmont suspends retrenchment exercise

newmont

Mining giant Newmont Ghana has temporarily halted plans to lay off 600 workers by the close of the second quarter of this year. The latest move is in response to National Labour commission (NLC)’s directive yesterday. Newmont was dragged to the commission by the Ghana Mineworkers Union (GMWU) over the retrenchment exercise. Both parties presented their case to the NLC ...

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NLC orders Newmont to stop retrenchment excercise

newmont

The National Labour commission (NLC) has directed mining company Newmont to stop any plans to sack 600 of its workers. Newmont was dragged to the commission by the Ghana Mineworkers Union (GMWU) over the move to sack the workers. Newmont has announced it will have to lay off the workers by the end of the second quarter of this year ...

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Mineworkers to strike if Newmont lays off workers

newmont

The Ghana Mineworkers Union (GMWU) has threatened to embark on an industrial action if Newmont goes ahead to sack 600 of its workers this year. Newmont has announced it will have to lay off the workers by the end of the second quarter of this year. According to the mining giant the move is part of efforts to improve and ...

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Gov’t suspends issuance of gold-prospecting licences

Alhaji Inusah Fuseini

Government has suspended the issuance of new gold prospecting licences with effect from Friday May 30, 2014 to help free-up unused concessions for prospective investors. The purpose of the moratorium is to enable the Ministry of Lands and Natural Resources, in conjunction with the Minerals Commission, to clean-up the mineral concessions, register and crack down on speculators who have held ...

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Anglogold Obuasi retrenchment: Facts and figures

Mark Morcombe, SVP Ghana - holding mic

On Monday May 19, AngloGold Ashanti released a statement about the company’s performance. The release which revealed a general positive financial performance for the mining giant also highlighted the problems at the Obuasi Mine, which has resulted in the planned retrenchment of over 5,000 employees, including contractors. AngloGold Ashanti has progressed a range of interventions to address the historic under-performance ...

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