The Ghana Mine Workers Union (GMWU) has filed an appeal at the Court of Appeal and a stay of execution pending its hearing after an Accra High Court last Friday dismissed an interlocutory application by the union to stop a planned redundancy exercise by mining giant Goldfields Ghana Limited.
The...
Information reaching www.thebftonline.com indicates that, tension is brewing at Goldfields Ghana Limited (Tarkwa Mine) over the company’s attempts to serve termination letters to over 2000 permanent employees to be laid off as part of its proposed retrenchment.
This comes after the management of the mining giant, brought in uniformed armed...
Ghana will certify the value of gold exports as part of efforts to tighten controls on the sector to ensure the state receives all revenues it is due, the vice-president said on Tuesday.
Ghana, Africa’s second-largest gold miner after South Africa, earned US$5.78billion from exports of the metal last year...
The Vice President Dr. Mahamudu Bawumia has disclosed that, the government has begun discussions with the gold mining companies over export of gold.
According to the second gentleman, is expected to help ensure that, the country derives the maximum revenue from the country’s gold which is exported.
He also said, Precious...
The Minerals Commission has inaugurated a five-member audit committee to help implement risk management strategies and ensure a high level of corporate governance.
The committee has been tasked to support Management of the Commission to meet the financial management reforms under the Public Financial Management (PFM) Act, 2016 (Act 921).
It...
The Ghana Mineworkers Union (GMWU) has rejected moves by mining giant AngloGold Ashanti to move from owner mining to contract mining, a trend the union is already battling Goldfields Limited over in the law courts.
The union, in a press statement, called on Parliament to not ratify the Development Agreement...
Moves into Contract Mining with 21years life of the mine
Between 2000 – 2500 to be employed
Tax Concession Agreement and Development Agreement Awaiting Parliamentary Approval
Mine production for 10years – averaged 350,000oz – 450,000oz at an average head grade of 8.1g/t.
The initial cost of the project...
An Accra High Court presided by Justice Ackah-Boafo has today ruled against the decision by the Lands and Natural Resources Minister, John Peter Amewu, to revoke the mining lease of Exton Cubic Group Limited.
According to Justice Ackah-Boafo’s ruling, the Minister of Lands and Natural Resources, John Peter Amewu, exceeded...
The President of the Ghana Chamber of Mines, Kwame Addo-Kufuor, has warned that proper regulatory measures must be put in place before the ban on small scale mining is lifted.
“I think government is doing the right thing in sanitizing the sector. I keep telling people the Chamber contributes 66...