US sanctions a Gold Mining Company over ties with Russia
WASHINGTON (June 17, 2022) – The United States imposed sanctions on Friday on Nicaragua’s state-owned gold mining company and the president of its board of directors in part over the Central American nation’s ties to Russia. The sanctions were imposed against the Nicaraguan Mining Co., known by the Spanish-language acronym ENIMINAS, partly because the country’s...
Read moreACCRA MINING NETWORK DONATES TO THE APPIATSE SUPPORT FUND
The Appiatse Support Fund has received donations from the Accra Mining Network (AMN) and Political Zone, a Canadian Voluntary Organisation as their contributions towards the reconstruction of the Appiatse community. A donation of GHC6,000 was made on behalf of the Accra Mining Network by the General Secretary Madam Ellen Korley at a brief event on...
Read moreHenry Antwi charts the path for GIISDEC in promoting investment for Ghana’s iron and steel subsector.
Officials of the Ghana Integrated Iron and Steel Development Corporation ( GIISDEC) were at the 2022 Mining Indaba Conference in South Africa to promote investment for the development of Ghana’s iron and steel. AMN News chanced on Australian based Mining Consultant and Mineral Economist, Henry Antwi, and got him to comment on GIISDEC’s campaign to...
Read moreExplosion at Apiate: Maxam Suspension to impact the mining industry in Ghana – AGA Manager
The Government of Ghana has suspended the license of a mining services contractor; Maxam Limited, following a huge explosion at Bogoso-Apiate on Thursday, January 20, 2022. A statement from the Ministry of Lands and Natural Resources which disclosed the suspension also indicated that the Chief Inspector of the Mines has been interdicted, as investigations into...
Read moreAsante Gold announces PW Mining as her Bibiani Mine contractor
Vancouver, British Columbia, January 10, 2022 (GLOBE NEWSWIRE) — Asante Gold Corporation (CSE: ASE/ /Frankfurt:1A9 / USOTC: ASGOF).(“Asante” or “Company”) has announced that a contract to engage in mining activities at the Bibiani Mine has been awarded to PW Mining (Ghana) (“PW Mining”) and mobilization to the site has begun. (This comes just after the recent...
Read moreGovernment’s timely intervention at Ghana Bauxite Company will ensure sustainability-George Mireku Duker
Hon. George Mireku Duker, the Deputy Minister for Lands and Natural Resources in charge of Mining, has allayed fears of workers at the Ghana Bauxite Company (GBC) stressing that some initiatives undertaken by the government will guarantee the long-term survival of the company. The future of the company he said, has been a subject of...
Read moreGhana and Nigeria pursue Ethiopia’s financial model on small scale mining.
Bank of Ghana (BoG) will soon start a gold purchase programme from the small-scale mining sector. This was announced by Vice President Mahamudu Bawumia of the Republic of Ghana at the maiden edition of the Responsible Small-Scale Mining Awards in Accra. According to Bawumia, after series of discussions, the Central Bank agreed to start this...
Read moreHummingbird Resources first gold at Kouroussa scheduled for Q2 2023
Hummingbird Resources has provided an update on the Kouroussa Gold Mine project in Guinea. Kouroussa is forecast to be a high-grade, low-cost mine that will produce between 120,000-140,000oz for the first three years of production, and an average 100,000oz over the initial seven-year life of mine, with upside potential for further exploration. Mobilisation of equipment...
Read moreGovernment to start auditing large-scale mining firms in 2022 – George Mireku Duker
The Government of Ghana, through the Ministry of Lands and Natural Resources will from next year, constitute a team to audit large-scale mining companies to ensure adherence to the mining laws and regulations. George Mireku Duker, a Deputy Minister of the Ministry in charge of Mines, made this known during an interaction with representatives of...
Read moreGHS 354 million Minerals Income Investment Fund Small Scale Mining Incubation Programme ready for 2022
Given the unprecedented surge in gold price and the colossal gains most mining companies made last year, General Secretary, Ghana Mineworkers’ Union (GMWU), Abdul-Moomin Gbana said the Union expects that mining companies would take strategic advantage of the boom to invest in modern infrastructure and expand existing ones, increase production, and intensify exploration activities, among...
Read moreAsantehene calls for more involvement of chiefs in the issuance of mineral titles in Ghana.
After rejecting a section of the new Lands Act 2020 that empowers the citizenry to take chiefs to court to account for land sales, The Asantehene, Otumfuo Osei Tutu II, instead called for more involvement of the indigenous people in licensing of concessions. This the Asantehene believes would represent fair and shared ownership, engender organic...
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