Mining

AngloGold Ashanti ditches restructuring plans

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AngloGold Ashanti will not go ahead with a proposed restructuring and two-billion-dollar capital raise. The company called off the proposed demerger after shareholders expressed concerns over the amount of equity capital that would need to be raised. The proposed restructuring would have created a London-listed entity to house the company’s international assets with the South African assets remaining at AngloGold ...

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Miners to finalize Obuasi mine layoffs with Anglogold

AngloGold-Ashanti-Logo

Citi Business News has learnt that the Ghana Mine Workers Union will be finalizing discussions with  the leadership of Anglogold Ashanti on some recent developments in the company in the next three days. The discussion is expected to exhaust negotiations on the planned retrenchment of almost all staff of AngloGold at its Obuasi concession in the Ashanti Region . Also ...

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ANGLOGOLD to set up new company to run Ghana operations

AngloGold-Ashanti-Logo

Citi Business News has gathered ANGLOGOLD ASHANTI has begun moves to set up a new company to run its operations in Ghana. The new company will also run the mining giant’s other operations across the world except that of South Africa. The move which is subject to approval from regulators and shareholders is expected to be executed next year. The ...

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Newmont justifies reduction in job cuts

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Newmont Ghana has justified the reduction in the number of job cuts expected to be undertaken this month. The mining giant reduced the number of job cuts from an earlier 600 to 472 people. The move forms part of a retrenchment and restructuring exercise it is undertaking to ensure its continuous survival. The move however received stiff resistance from the ...

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Newmont Ghana reduces job cuts from 600 to 472

newmont

Newmont Ghana has cut down from 600 to 472, the number of workers it intended to lay off. This follows an agreement between the company and the Ghana Mine Workers Union (GMWU) on Wednesday. Newmont early on in the year announced a plan to lay off about 600 of its workers as part of a retrenchment and restructuring exercise. The ...

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Metso Minerals Ghana sued for contempt

metso-crushing-plant

Mining Services Giant, Metso Minerals Ghana has been slapped with a legal suit for contempt of court following the termination of appointment of its Former Managing Director and Finance and Administrative Director. Metso Minerals Ghana was hit with the suit after it went ahead to fire the two though the court ordered them not to take any such action until ...

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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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