Newmont

Chinese Mining Company To Acquire Ghana’s Akyem Gold Mine From Newmont In $1 Billion Deal
16 Oct

Chinese Mining Company To Acquire Ghana’s Akyem Gold Mine From Newmont In $1 Billion Deal

Wontumi1Business,
China’s Zijin Mining Group is poised to acquire the Akyem gold mine project in Ghana from US-based Newmont Corporation in a $1 billion deal. The transaction, which includes $900 million in cash upon closure and an additional $100 million subject to certain conditions, is expected to be finalized in the fourth quarter of 2024. Through its subsidiary, Gold Source International, Zijin will take control of a Newmont subsidiary that owns the Akyem open-pit mine. As of December, Akyem held reserves of 34.6 tons of gold. Zijin has revealed plans to begin underground mining operations at the site by 2028, extending the mine’s…
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China’s Zijin Buys Ghana Gold Mine From Newmont For $1 Billion
09 Oct

China’s Zijin Buys Ghana Gold Mine From Newmont For $1 Billion

Wontumi1Business, ,
China's Zijin Mining Group (601899.SS), opens new tab will buy the Akyem Gold Mine Project in Ghana from U.S. based Newmont Corp (NEM.N), opens new tab for $1 billion, the companies said on Wednesday. The sale is a part of Newmont's ongoing programme to divest non-core assets as the company makes a strategic shift to focus on its tier one assets, the U.S. gold producer said. Newmont is expected to receive cash consideration of $900 million upon the deal's closure, with a further $100 million upon satisfaction of certain conditions. The deal will see Zijin's unit Gold Source International acquiring…
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Obiri Boahen Sues Newmont For Trespassing, Destruction Of Property
26 Oct

Obiri Boahen Sues Newmont For Trespassing, Destruction Of Property

Wontumi2News,
Nana Obiri Boahen, a private legal practitioner, has filed a writ at the Sunyani High Court against the Newmont Ahafo North Project, for causing extensive damages to his farmland and other property running into millions of Ghana cedis. He is, therefore, seeking an order from the court to compel the mining giant to pay adequate compensation for the destruction caused. An accompanying affidavit filed by the “Enso Nyame Ye Chambers”, a Sunyani-based legal firm and counsel, is further praying the court to award general damages to the plaintiff for “trespass, inconvenience and trauma.” A copy of the affidavit, made available…
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Dr. Bawumia Urges GNPC, Aker Energy, Newmont, Others, To Support Ghana’s Medical Drone Project
15 Sep

Dr. Bawumia Urges GNPC, Aker Energy, Newmont, Others, To Support Ghana’s Medical Drone Project

Jackson Odom KpakpoNews, , , ,
Dr. Bawumia Urges GNPC, Aker Energy, Newmont, Others, To Support Ghana’s Medical Drone Project The Vice President, Dr. Mahamudu Bawumia, has urged the Ghana National Petroleum Corporation, Ghana Gas, Aker Energy, Newmont Ghana and other corporate bodies to come on board in supporting the medical drone initiative which is saving lots of lives, especially in the hard-to-reach areas of Ghana. Dr. Bawumia was speaking during the commissioning of the third Zipline medical drone delivery site located at Vobsi in the West Mamprusi Municipality of the North East Region. The cost of delivering medical products to the various health facilities is…
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