Mining

Minerals Commission revokes license of Romex Mining Corporation

Mineral-Commission1

The Minerals Commission has revoked the license of Canadian Mining firm, Romex Mining Corporation. The revocation follows Romex flouting a number of laws governing mining in Ghana. Romex is reported to have transferred its mineral rights to another company, FCMI Ghana Incorporated, without the consent of the ministry in charge of the industry. Romex also began mining when they only ...

More »

Newmont supports Ghana in fight against Ebola

newmont-mining-co-logo

Newmont Ghana has provided a medical support package valued at GH¢220,000.00 to assist with the country’s preparations for any potential outbreak of the Ebola disease in Ghana. The medical support package includes two isolation facilities for the Brong Ahafo and Eastern regions, provision of personal protective equipment, thermal scanners, educational awareness materials and training of hospital staff. The package would ...

More »

AngloGold to seal Obuasi mine from illegal miners

AngloGold-Ashanti-Logo

AngloGold Ashanti has assured it has adequate security to keep illegal miners at bay when it closes its Obuasi mine. The mining firm will partially close its Obuasi mine for two years to upgrade the mine. The company would continue with its surface mining programme which it regards as profitable against the expensive underground mining it has been doing for some years now. ...

More »

Newmont Ghana bags another Mine Safety award

Newmont Ghana Haul Truck

Newmont Ghana’s Ahafo Mine has emerged winner of this year’s Zone I Mine Safety and first Aid competition. The annual competition, organized under the auspices of the Ghana Chamber of Mines and the Inspectorate Division of the Minerals Commission, was hosted by Ghana Bauxite Company Ltd in Awaso under the theme: If it’s not safe, don’t do it. It was ...

More »

AngloGold Ashanti ditches restructuring plans

AngloGold-Ashanti-Logo

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 ...

More »

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 ...

More »

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 ...

More »

Newmont justifies reduction in job cuts

newmont-mining-co-logo

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 ...

More »

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 ...

More »

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 ...

More »