Chinese Mining Giant Acquires $1 Billion Gold Mine in Ghana
China's Zijin Mining Group acquires the Akyem gold mine from Newmont Corporation in a $1 billion deal, planning to extend operations until 2042. The acquisition is …
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Akyem Gold Project
The Akyem Gold Project is located in the Birim North District of the Eastern Region of Ghana; 133 kilometres northwest of the capital city of Accra. Akyem is a greenfield 8.5 Mtpa gold process plant with associated reagents and utilities; tailings storage dam; water storage dam; power connection and transmission from the regional power grid ...
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Zijin Mining Group Co., Ltd. to acquire the Akyem Gold Mine Project …
Newmont Gold Ridge Ltd. is the owner of the Akyem Gold Mine project in Ghana. The closing of the transaction is subject to the satisfaction of conditions precedent, including certain regulatory approvals. Zijin, based in Longyan, China, is a large multinational mining group engaged in the global exploration and development of copper, gold ...
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Zijin Mining Group to buy Akyem Gold Mine Project
Newmont remains committed to Ghana including the investment of $950 million to $1,050 million of development capital in the Ahafo North gold mining project in the Ahafo region of Ghana. Newmont obtained the mining lease for Akyem in 2010 and began commercial production in 2013. In 2017, the Ghana Investment Promotions Centre named Akyem the ...
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Newmont's Sale of Akyem Gold Mine: A Missed Opportunity for Ghana?
In a deal that has set tongues waging in the mining community, Newmont Company's decision to sell its Akyem Gold Mine in Ghana to China's Zijin Mining Group for $1.0 billion has sparked waves of concern. As the dust settles on the announcement, indus. The Mining Executive
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Chinese companies vie for Newmont's Akyem gold …
Shandong Gold Mining and Zijin Mining Group are among the early contenders expressing interest in the Akyem asset. Chifeng Jilong Gold Mining is also evaluating the Akyem mine, while Australian mining company …
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Newmont Corporation
The Subika underground project, completed on schedule and within budget, achieved commercial production in November 2018, adding higher-grade, lower cost gold production at the Ahafo mine. The mine is expected to increase average annual gold production by between 150,000 and 200,000 ounces per year for the first five years beginning in 2019 ...
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Newmont Ghana Gold Ltd
Newmont Golden Ridge Limited (the "Company"), a subsidiary of Newmont Mining Corporation, is proposing to mine gold reserves at the Akyem Gold Mining Project (the "Project") site in the Birim North District of the Eastern Region of Ghana, West Africa (Figure 1-1). The Project is located approximately 3 kilometres west of the district ...
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Newmont Offloads Akyem Gold Mining Project for $1B
American gold mining company, Newmont Corporation (NEM) has agreed to sell its Akyem Gold Mine project in Ghana to China-based Zijin Mining Group (HK:2899) (ZIJMF) for $1 billion cash. Akyem is ...
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Newmont Ghana Gold Ltd.
Newmont Ghana Gold Ltd. (NGGL), a subsidiary of Newmont Mining Corporation, is developing gold reserves at the Ahafo Project, which lies within the Sefwi Volcanic Belt, one of six northeast-southwest trending volcanic belts in the Birimian System of western Ghana. Economic deposits of gold occur along a 70 kilometer strikelength.
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Akufo-Addo unveils West Africa's largest single-stream gold mine
Ghana has taken a significant step towards solidifying its position as Africa's leading gold producer with the commissioning of Cardinal Namdini Mining Ltd, the third largest mine in Ghana and the pouring of its first gold to mark the official opening by President Nana Addo Dankwa Akufo-Addo on Friday [Nov 8, 2024] in the Talensi District of the Upper East region.
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Gold Rush in Ghana: Chinese Firms Eye Newmont's …
Newmont Seeks Divestiture, Akyem Mine Attracts Interest. Newmont, a Denver-based mining company, has initiated the sale of its Akyem gold mine in Ghana. This divestiture is part of a broader strategy to raise $2 …
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Zijin Mining buys Newmont's Ghana gold project for $1 billion
Underground operations are expected to begin from 2028, extending the mine's life to 2042 and delivering about 186,00 ounces of gold a year.
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Newmont Akyem gold mine achieves productivity gains with …
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 peopleRead More Orica's FRAGTrack™ technology is enabling Newmont's Akyem Gold Mine to make timely decisions based on automated fragmentation data, to improve the productivity of ...
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Akyem Mine Presents GHS 184.6M as a Dividend to Ghanaian
Newmont Africa was recently commended by Ghana's Minister of Finance, Ken Ofori-Atta, for its compliance with governmental tax and other financial requirements. Newmont executives, led by David Thornton, Regional Senior Vice President for Africa, presented a check of GHS 184.6 million last month to the Government of Ghana as a dividend for 2022, the …
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Zijin Mining Acquires Akyem Gold Mine in Ghana
Zijin Mining will buy ownership of the Akyem Gold Mine, one of Ghana's largest gold mines, for USD 1 billion. The acquisition marks Zijin Mining's seventh gold mine acquisition since 2020, aiming to boost its production. This acquisition is crucial for achieving Zijin Mining's strategic goal of producing over 100 tonnes of gold annually by ...
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Newmont's Akyem Mine in Ghana Faces Community Opposition
Despite heated opposition from local communities, Denver-based Newmont Mining Corporation began production in an open pit gold mine in the Ajenjua Bepo Forest Reserve in the Birim North District in the Eastern region of Ghana. The mine occupies an area 1.65 miles long (2.6 km) and a half mile across (.8 km), and would create waste piles 60-100 m high.
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1.0 INTRODUCTION
Ghana and specific to this Project is presented. 1.1 ABOUT NEWMONT Newmont has three subsidiaries registered under the laws of Ghana: ¾ Newmont Ghana Gold Limited (NGGL), ¾ Moydow Limited and ¾ Newmont Golden Ridge Limited (NGRL). NGGL has been actively producing gold at its mines at Ahafo, in the Brong Ahafo Region of Ghana, since 2006.
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Newmont to Sell Ghana Gold Mine Project for US$1.0 Billion
Newmont has agreed to sell a gold mine in Ghana to a Chinese miner for $1.0 billion, the latest divestiture by the gold-and-copper mining company as it exits non-core assets.
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Asante Gold to bid for Newmont's Akyem mine
Asante, which owns two gold mines and six projects in Ghana, is headquartered in Vancouver but says that almost half its investors are from Ghana, including two state-owned sovereign wealth funds.
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Zijin Mining to Acquire Akyem Gold Mine in Ghana for US$1 Billion
China's Zijin Mining Group has agreed to purchase the Akyem gold mine project in Ghana from US-based Newmont Corporation for $1 billion, furthering its expansion into Africa's …
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Chinese mining company to acquire Ghana's Akyem gold mine from Newmont
Despite divesting the Akyem project, Newmont emphasized its ongoing commitment to Ghana. Tom Palmer, President and CEO of Newmont, said the sale aligns with the company's strategy of returning capital to shareholders while ensuring long-term benefits for the local community.
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Newmont to Sell Ghana Gold Mine Project for $1.0 Billion
Zijin Mining Group 601899 1.42 % increase; green up pointing triangle will buy Newmont's equity interest in the Akyem Gold Mine Project in Ghana, the Hong Kong-listed miner said Wednesday ...
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Ghana: Top Five Gold Mines by Production
Ghana leads Africa in gold production, fueled by significant investments in large-scale mining and contributions from artisanal mining. In 2024, the country generated $1.02 billion in revenue from gold, with a total output of approximately 4.9 million ounces, marking an 8.5% increase from 2023. Large-scale mining operations accounted for 60% of the total production.
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Newmont Sells Ghana's Akyem Mine to Zijin Mining for $1 Billion
Ahafo North project remains a priority for Newmont in Ghana. Despite the sale, Newmont remains committed to its operations in Ghana, with plans to invest between $950 million and $1 billion in the development of the Ahafo North gold mining project in the Ahafo region.
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Newmont Corporation
Newmont Ghana has since completed Akyem's reforestation program, reclaiming more than 300 degraded hectares in the Kweikaru Forest Reserve. The reforestation program covers an area …
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Newmont Corporation
Transaction in-line with strategy to focus on Tier 1 asset portfolio Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) (Newmont or the Company) has announced today it will sell its Akyem operation in the Republic of Ghana to Zijin Mining Group Co., Ltd. (Zijin) under a definitive agreement, for cash consideration of up to $1 billion. The …
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Projects | Newmont Corporation – Operations & Projects
Mining ceased when it became uneconomic to continue and Midnite mine's shareholders liquidated the company, leaving Newmont as the sole owner of Dawn Mining Company. Newmont collaborated with the Environmental …
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Operations & Projects
Newmont's presence in Ghana includes the Ahafo mine in the Ahafo region and the Akyem operation in the Eastern region near New Abirem. We are committed to mining sustainably while creating value for our stakeholders to improve …
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Akyem Birim North Ghana – Boddington gold corp
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 Newmont Mining Corporation, and commenced production in October 2013. It is Newmont's second mining operation in Ghana after the Ahafo gold mine in ...
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