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Mining

Newmont Ghana awarded Best and Largest Taxpayer for 2017

The Ghana Revenue Authority (GRA) has named Newmont Ghana the country’s Overall Largest and Best Taxpayer for 2017 under its Large Taxpayer Office at its annual awards ceremony to honour employees and other stakeholders. In 2016, the company emerged second Overall taxpayer. This award recognizes Newmont Ghana for: Consistently meeting its tax obligations Complying with Ghana’s tax laws and the ...

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Gov’t moves in to stop under-valued gold exports

The issue of undervalued revenue generated from Ghana’s export of gold continues to be a challenge to the mining industry. Government has announced some measures to block the leakages in the revenue generated from the export of gold. Citi Business News has been speaking to some industry players to seek their perspectives on the effectiveness of the interventions in raking in ...

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Chamber of mines supports auditing of mining companies

The Ghana Chamber of Mines has welcomed the decision by the Lands and Natural Resources Ministry to roll out an operational audit for all mining companies in the country. The audit which will be rolled out in the next two to three weeks, is to ensure that revenue received by government from the country’s mining industry, is accurate. This also ...

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Lands Ministry to audit exports of mining firms

The Ministry of Lands and Natural Resources has announced plans to roll out an operational audit system for all mining companies in the country. The move, according to the ministry is to ensure that revenue received by government from the country’s mining industry is accurate. This follows a recent disclosure of undervalued revenue received from gold export to the United ...

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Negotiation, not protests will resolve Goldfields impasse – Chief Labour Officer

The Chief Labour Officer, Eugene Koletey is urging aggrieved workers of Goldfields Ghana to return to the negotiation table over the planned retrenchment exercise of the company. According to him, their grievances cannot be resolved through protests but amicably through negotiation with the management of the company. Speaking on , Mr. Koletey revealed that an earlier planned meeting between the ...

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Goldfields to lay off 1,500 workers

Mining firm, Goldfields Ghana is to lay off about 1,500 of its workers. The retrenchment is expected to affect most of its miners at the Tarkwa mine. Citi Business News has gathered that the layoffs will take effect this month December, 2017. Goldfields has told Citi Business News it had to undertake the layoffs due to the current lifespan of ...

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Mining firms reduce targets for gold prices

Gold mining companies have disclosed that the declining price of gold on the international market has compelled them to adjust their operational strategy and forecast. The businesses also explain that the development has made them reduce their revenue expectations for their operations. The price of gold on the international market has been declining for some time now. An ounce of ...

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Stop issuing small scale miners permits – Minister to EPA

Minister of Environment, Science, Technology and Innovation, Professor Frimpong Boateng has advised the new members of the Board of Director of the Environmental Protection Agency (EPA), to halt the issuance of permit to small scale miners. The Minister believes this is necessary until such a time that the country will be rid of all harm caused by those whose activities ...

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Be innovative in dealing with illegal mining – Dep. Env’t Minister

Deputy Minister for Environment, Science, Technology and Innovation, Patricia Appiagyei has tasked staff of the Environmental Protection Agency (EPA) to be innovative in their approach to tackling illegal mining. She argues that issues facing the environment can only be dealt with efficiently if technology and innovation are effected in their approach in dealing with the challenges. The Deputy Minister made ...

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Kenyasi residents strike over ‘no jobs’ at Newmont

Some angry youth in Kenyasi in the Brong Ahafo Region on Tuesday, August 1, 2017 blocked all roads leading to and from the community. They were demonstrating against mining company, Newmont, and demanding immediate employment. The irate youth also say they are unhappy about the company’s alleged pollution of some water bodies and the destruction of their homes. Citi News’ ...

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