Articles from the ‘Mining’ category
Posted by MICHAEL MFUM on March 15, 2011 at 2:51 pm in Business, Mining, Other Top Stories
Chairman of the National Development Commission (NDPC), Paul Victor Obeng, has commended Newmont Ghana Gold Limited (NGGL) for its adherence to safety measures to protect lives and properties at the company’s work place and within its operational communities. According to him, safety precautions at work places are very important because they are prerequisites to the [...]
Read the rest of this story »
Posted by Contributor on March 14, 2011 at 11:28 pm in Business, Mining, Other Top Stories
Tullow Oil expects the final cost of Phase I of the Jubilee project offshore Ghana to be within 5% of the original $3.1 billion budget. Current production is running at over 69,000 b/d of oil from five wells, building to full capacity of 120,000 b/d during the next five months as the remaining four producers [...]
Read the rest of this story »
Posted by Contributor on March 10, 2011 at 2:21 pm in Business, Mining, Other Top Stories
Signature Metals will raise $16.25 million in a placement and rights issue to continue exploration and development of its Konongo gold project in Ghana. The company says it will raise $9.2 million in a 3.3 cent placement through Patersons Securities and $7.05 million in a one-for-10 rights issue. Signature said it had recently spent about [...]
Read the rest of this story »
Posted by Contributor on March 5, 2011 at 7:06 pm in Business, Mining
Fourteen employees of the Exploration and Engineering Departments of the Ghana National Petroleum Corporation (GNPC), on Friday completed the first jubilee up-skill programme in the oil and gas industry. An Initiative of GNPC and supported by Tullow Ghana Limited (TGL), the programme aimed at developing the critical manpower required for the growth of the nascent [...]
Read the rest of this story »
Posted by Contributor on at 7:00 pm in Local News, Mining
The palace of the chief of Tarkwa Nsuaem has been burnt down by irate Galamsey operators (small scale miners) in the early hours of Friday. Mr Paul Evans Aidoo, Western Region Minister who made this known to journalists in Takoradi said the operators were said to be operating illegally in a mining concession allotted to [...]
Read the rest of this story »
Posted by Contributor on February 25, 2011 at 8:32 pm in Business, Mining
Mining firm AngloGold Ashanti says it is exempted from the recent review in the royalties payable by mining firms operating in the country. According to officials, the review does not apply to the firm. Government in the 2011 budget announced an upward review of the royalties for mining firms from 3 to 6 percent. It [...]
Read the rest of this story »
Posted by Contributor on February 16, 2011 at 10:36 am in Business, Mining
Three corporate entities on Tuesday feted inmates of the Accra Psychiatric Hospital, as part of activities marking 2011 Day of Caring. The organisations were Newmont Ghana, a mining company, Help-age Ghana, a non-governmental organisation (NGO) that supports the aged and United Way Ghana, another NGO that provides voluntary services at workplaces. The celebration dubbed: “Caring [...]
Read the rest of this story »
Posted by Contributor on February 15, 2011 at 7:52 pm in Business, Mining
By Nicholas Larkin and Pham-Duy Nguyen Gold futures climbed to the highest in almost four weeks as rising consumer prices boosted demand for the precious metal as a hedge against inflation. In January, China’s inflation accelerated as costs excluding food rose the most in at least six years, and U.K. consumer prices rose the most [...]
Read the rest of this story »
