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Mining

Layoffs at Goldfields will impact mining sector adversely – Dr. Yao Graham

The Third World Network is predicting a drastic change in large scale mining in Ghana if Goldfields Ghana’s new mining plan is allowed to sail through. According to the Coordinator for the Third World Network, Dr. Yao Graham, this is also likely to impact the revenue from the mining sector going forward. Goldfields Ghana Limited has announced that it is ...

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Reduced tariffs: Mining firms to save 3 million dollars annually

Businesses particularly those in the mining sector, are expected to save millions of dollars to be channeled into other investments to grow their companies following the reduction in electricity tariffs. The Public Utilities Regulatory Commission (PURC), on Monday, March 5, 2018, announced that electricity tariffs will go down between 10 and 30 percent for various categories of consumers. The decision ...

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Court dismisses injunction case against layoffs at Goldfields

An Accra High Court has dismissed an injunction application by some workers of Goldfields Company Limited over the dismissal of some 1,500 workers of the company. According to the court presided over by Justice Laurenda Owusu, the mining company risks losing more if the court halts the ongoing layoffs before a determination of the substantive matter on whether they acted ...

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Court to rule on Goldfields workers’ case on March 2

An Accra High court has set the 2nd of March to deliver its ruling on the fate of some 1,700 workers of Goldfields Ghana who have been laid off by the company. The Judge, Laurenda Owusu said she will rely on the relevant provisions in civil procedure rules, CI 47 and all the processes filed to deliver its ruling on the set ...

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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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