TRADITIONAL GOLD MINING IN AKYEM ABUAKW A IN GHANA 'S EASTERN R EGION. Emmanuel Ababio Ofosu-Mensah. Department of History, University of Ghana, Legon, Accra, Ghana, West Africa; E-mail: eaofosu ...
Newmont obtained the mining lease for Akyem in 2010 and began commercial production in 2013. In 2017, the Ghana Investment Promotions Center (GIPC) named Akyem the best company in Ghana for the second consecutive year. ... Newmont contributes US$1 per ounce of gold sold and 1 percent of the net profit from the Ahafo mine to NADeF.
Tuesday, 27 February 2024 09:39. (Ecofin Agency) - Africa's premier gold producer, Ghana, hosts major mining firms such as Perseus Mining and Newmont, the largest gold producers globally. Perseus, managing the Edikan gold mine in Ghana, may soon double its production by acquiring Akyem, one of Newmont's Ghanaian mines.
The Akyem deposit lies within a shear zone created by gradational contact between Birimian sedimentary rocks and the mafic metavolcanic rocks on the northern portion of the gold-bearing East Ashanti Belt in Ghana. The deposit is estimated to contain 7.4million ounces (moz) of proven and probable gold reserv…
Soon Mining Ltd. said Sept. 17 that it entered into a two-year joint venture mining rights deal for alluvial gold at the Akyem Adukrom project in Ghana through Ghanaian consulting firm Tecdrill Co. Ltd. Soon Mining will commence the alluvial gold mining activity within the project area soon.
Opening bids for the mine, which Anthony said are due by the end April, come amid soaring prices for bullion. Akyem produced 420,000 ounces of gold a year at the end of 2022, according to Newmont ...
Akyem is an open-pit gold mine located in Birim North District in the Eastern region of Ghana, the seventh biggest gold producing country in the world. The mine is wholly-owned and operated by ...
Chifeng Jilong Gold Mining is also evaluating the Akyem mine, while Australian mining company Perseus Mining said last month that it would consider acquiring the asset. In 2022, Akyem reported ...
The Akyem sale also has attracted interest from Chinese bidders including Shandong Gold Mining and Zijin Mining (OTCPK:ZIJMF) (OTCPK:ZIJMY).. Akyem produced at an …
600988.SS. (Bloomberg) -- Newmont Corp. has kicked off the sale of its Akyem gold mine in Ghana, which is attracting interest from potential bidders including Chinese producers amid soaring prices ...
The Akyem Gold Mine is a large open-pit project located in the Eastern Region of Ghana. Owned and operated by Newmont Golden Ridge Ltd, the mine employs over 450 people and mines approximately 32 Mt per annum. Orica and Newmont have been working in partnership to deliver a series of value delivery projects at Akyem. First …
Gold mining major Newmont will put up for sale six mines and two projects, optimising its portfolio to focus on ten tier-one assets that will produce 6.7-million gold ounces by 2028. The six mines ...
Photo: Newmont. A new research center called TAILENG, headquartered at Georgia Tech, has been established to study mine tailings and industrial waste. The Tailings and Industrial Waste Engineering (TAILENG) research center is a consortium of faculty at four universities: Georgia Tech, Colorado State University, UC Berkeley, and …
Newmont Corporation (NYSE:NEM) has reportedly initiated the sale of its Akyem gold mine in Ghana, drawing interest from Chinese producers due to rising gold prices. Newmont, headquartered in ...
The disposal of the Akyem mine is being facilitated by Citigroup Inc., who has begun reaching out to potential buyers, including Shandong Gold Mining Co. and Zijin Mining Group Co., among others. Chifeng Jilong Gold Mining Co. and Australian miner Perseus Mining are also reportedly considering the acquisition.
Asante Gold ( OTCPK:ASGOF) plans to bid for Newmont's ( NYSE: NEM) Akyem gold mine in Ghana, CEO Dave Anthony told Bloomberg in an interview Tuesday. Asante ( OTCPK:ASGOF ), which owns two gold ...
Century Aluminum And Cleveland-Cliffs Selected For DOE Funding; Newmont Sells Akyem Gold Mine And More: Monday's Top Mining Stories. Story by Austin DeNoce • 3w. Top Stories for March 25, 2024: 1.
Newmont's strategic divestiture plan includes the sale of Akyem alongside four other gold mines located in North America and one in Australia, aiming to amass $2 billion in cash through these sales. Akyem is a significant asset within Newmont's portfolio, having produced 420,000 ounces of gold as of the end of 2022, according to the …
The sale of Akyem is part of Newmont's ( NEM) attempt to raise $2B through divestitures following last year's acquisition of Newcrest Mining in November; in addition to Akyem, the company wants to ...
the Gold Coast, drawn in 1729, refers to Akyem Abuakwa as very large and rich in gold (Daaku, 1969; Afriffa, 2000) The Danish trader R. F. Rømer writing in the nineteenth
Australian miner Perseus Mining will be interested in acquiring the Akyem mine, in Ghana, chairperson and CEO Jeff Quartermaine said on Friday. This follows Newmont's announcement on Thursday of ...
Gold. Date of First Production. 2013. Progressing Layback to Extend Mine Life. Akyem began construction in 2011 and achieved commercial production on schedule and below …
US gold mining company Newmont has commenced the sale process for its Akyem gold mine in Ghana, a move that has piqued the interest of several potential bidders, including Chinese producers, Bloomberg reported. The move comes at a time when gold prices have been recording a significant surge. For this sale, Newmont is …
Newmont Corp.'s Akyem gold mine is a target for Ghana-focused producer Asante Gold Corp ., which plans to bid for the asset against potential Chinese buyers …
Akyem produced 420,000 ounces of gold a year at the end of 2022, according to Newmont, the world's largest gold producer. The precious metal surged to a fresh record on Tuesday and has rallied ...
On top of the Akyem mine, Newmont wants to sell four gold mines in North America and another in Australia. The Akyem mine produced 420,000 ounces of gold a year at the end of 2022, the company's website shows. The precious metal surged above $2,200 an ounce this week for the first time and it has rallied about 10 per cent in a month.
gold was won through panning in rivers, but the bulk of Abuakwa ore was. produced by the centuries- old technique of pit mining, known in recent years. as artisanal small-scale mining. According ...
The Akyem Mine came fourth in West Africa for Q1 2020, though the mine produced 11% less gold in Q1 2020 (84 koz) over Q1 2019 (94 koz) due to lower grade ore milled. Asanko Gold Mine, jointly owned by Gold Fields and Galiano, came second best AISC performing mine in Ghana in Q1 2020. Asanko posted a record quarterly gold …
The Akyem sale also has attracted interest from Chinese bidders including Shandong Gold Mining and Zijin Mining (OTCPK:ZIJMF) (OTCPK:ZIJMY).. Akyem produced at an annual rate of 420K oz of gold at ...
March 22, 2024, 9:20 AM PDT. Newmont's Akyem Ghana Gold Mine Is Said to Draw Chinese Interest. Vinicy Chan. Bloomberg News. Shandong Gold, Zijin Mining are …