Ghana Newmont Gold Mine
Zijin to Buy Newmont's Akyem Gold Mine in Ghana for …
The Akyem mine, one of Ghana's largest gold operations, has been producing gold since October 2013. This move aligns with Zijin Mining's goal to produce more than 100tpa of gold by 2028. The Akyem Gold Mine has an annual processing capacity of 8.5mt, with gold production in recent years reaching 11.9t, 13.1t and 9.2t.
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Akyem Gold Mine Sale Attracts Top Chinese Bidders Amid …
In summary, the sale of Newmont's Akyem gold mine in Ghana represents a pivotal moment in the gold mining industry. Amid soaring gold prices and intense interest from Chinese producers, the transaction underscores the strategic value of gold mining assets and the dynamic interplay between global economic forces and the natural resources ...
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Akyem Gold Mine, Ghana
The mine is wholly-owned and operated by Newmont Mining Corporation, and commenced production in October 2013. It is Newmont's second mining operation in Ghana after the Ahafo gold mine in Brong Ahafo Region. The Akyem mine site covers a total area of 1,903ha of which, 74ha lies in the Ajenjua Bepo Forest Reserve. Newmont received mining ...
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Zijin Mining Acquires Ghana's Akyem Gold Mine for $1 Billion
Zijin Mining Group (OTC Pink: ZIJMF, SHA: 601899), China's largest publicly listed metal producer, has signed a definitive agreement to acquire ownership of the Akyem gold mine in Ghana from Newmont (TSX: NGT, NYSE: NEM) for a total consideration of up to $1 billion.The deal, expected to close in the fourth quarter of 2024, will involve a cash payment of …
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Akyem, Ghana
Newmont obtained the mining lease for Akyem in 2010 and began commercial production in 2013. In 2017, the Ghana Investment Promotions Center (GIPC) named Akyem the best company in Ghana for the second consecutive year. …
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Newmont to sell Ghana gold project to Zijin Mining in $1B …
Newmont (NYSE:NEM) said Tuesday it agreed to sell its Akyem gold mine project in Ghana to China's Zijin Mining (OTCPK:ZIJMF) (OTCPK:ZIJMY) for up to $1B in cash, part of the U.S. company's plan to ...
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Newmont to Sell Ghana Gold Mine Project for $1.0 Billion
The Akyem operation is one of the largest gold mines in Ghana. The processing plant's capacity is 8.5 million metric tons a year. From 2021 to 2023, the mine produced 11.9, 13.1 and 9.2 metric ...
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China's Zijin Buys Ghana Gold Mine From Newmont for $1 …
Melted ore is poured out for testing at the Newmont Mining Corp. gold quarry mine located on the Carlin Trend west of Elko, Nevada. The biggest gold companies operating in Ghana are Greenwood Village, Colorado-based Newmont Mining Corp., which is developing its second mine in the country, and Johannesburg s AngloGold Ashanti Ltd. and Gold Fields Ltd.
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Newmont's Ghana Gold Mine Sale Targets $2B, Attracts …
Newmont Corporation NEM has reportedly initiated the sale of its Akyem gold mine in Ghana, drawing interest from Chinese producers due to rising gold prices.. Newmont, headquartered in Denver, has ...
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China's Zijin Mining to buy Newmont's Ghana gold project …
Oct 9 (Reuters) - China's Zijin Mining Group, opens new tab will buy the Akyem Gold Mine Project in Ghana from U.S.-based Newmont Corp, opens new tab for $1 billion, the companies said on Wednesday.
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Newmont puts six mines, two projects on the block
Gold mining major Newmont will put up for sale six mines and two projects, optimising its portfolio to focus on ten tier-one assets that will produce 6.7-million gold ounces by 2028. The six mines ...
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Newmont Enhances Portfolio With Approval of Ahafo …
The Best Unmined Gold Deposit in West Africa Today, Newmont Corporation (NYSE: NEM, TSX: NGT) announced that its Board of Directors has approved advancing the Ahafo North Project into the execution phase. The project exceeds the Company's required internal rate of return, adding profitable production from the best unmined gold deposit in …
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Africa | Newmont Corporation – Operations & Projects
Following extensive consultation with host communities, the Ahafo mine established the Newmont Ahafo Development Foundation (NADeF) to support local sustainable community development projects in the 10 communities near the mine. Newmont contributes US$1 per ounce of gold sold and 1 percent of the net profit from the Ahafo mine to NADeF.
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China's Zijin Mining to buy Newmont's Ghana gold project …
(Reuters) -China's Zijin Mining Group will buy the Akyem Gold Mine Project in Ghana from U.S.-based Newmont Corp for $1 billion, the companies said on Wednesday. The sale is a part of …
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Akyem Gold Mine
The mine is wholly-owned and operated by Newmont Mining Corporation, and commenced production in October 2013. It is Newmont's second mining operation in Ghana after the Ahafo gold mine in Brong Ahafo Region. The Akyem mine site covers a total area of 1,903ha of which, 74ha lies in the Ajenjua Bepo Forest Reserve. Newmont received mining ...
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West Africa-focused gold miner Asante Gold to bid for Newmont's Akyem mine
Newmont Corp.'s Akyem gold mine is a target for Ghana-focused producer Asante Gold Corp., which plans to bid for the asset against potential Chinese buyers this month.
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The Socio-Economic Impact of Newmont Ghana Gold …
the gold mine operated by Newmont Ghana Gold Limited (NGGL) in the Brong-Ahafo Region of Ghana. It examines these impacts both on the local community and the nation as a whole. The Report is the product of over six months of research by a study team composed of Professor Ethan B. Kapstein of INSEAD and Dr. Rene Kim, Willem Ruster and Hedda Eggeling
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Newmont Corporation
Newmont offers the opportunity to be part of a diverse workforce with operations around the globe. Our goal is to invest in and build a workplace culture that allows every person to work safely, contribute to the business, demonstrate leadership and grow. ... Newmont & MKS PAMP's Mine-to-Market Traceable Gold Bar Launch. Quick Links. Stay ...
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Zijin Mining to Acquire Akyem Gold Mine Project in Ghana From Newmont
Dow Jones Newswires is a market-moving financial and business news source, used by wealth managers, institutional investors and fintech platforms around the world to identify trading and investing ...
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Newmont Ghana committed to improving lives and …
Newmont operates two gold mines in Ghana: the Ahafo mine in the Brong-Ahafo Region and the Akyem mine in the Eastern Region. The company currently employs approximately 5,000 employees and contractors. Newmont is the only gold company listed in the S&P 500 index and in 2007 became the first gold company selected to be part of the Dow …
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China's Zijin Buys Ghana Gold Mine From Newmont for $1 …
(Bloomberg) -- Zijin Mining Group Co. has bought the Akyem gold project in Ghana for as much as $1 billion in cash as the state-owned firm looks to add resources to meet its aggressive output targets.
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Newmont Corporation
DENVER--(BUSINESS WIRE)-- Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) ("Newmont" or the "Company") has announced today it will sell its Akyem operation in the Republic of Ghana to Zijin Mining Group Co., Ltd. ("Zijin") under a definitive agreement, for cash consideration of up to $1 billion. The sale is part of Newmont's …
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Newmont Announces Definitive Agreement to Divest Akyem …
Newmont Corporation has announced today it will sell its Akyem operation in the Republic of Ghana to Zijin Mining Group Co., Ltd. under a definitive agreement, for cash …
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Newmont selling Ghana mine to China-based Zijin Mining
Newmont Corp. plans to sell its Akyem operation in the Republic of Ghana to Zijin Mining Group Co. Ltd. for up to $1 billion cash as part of the company's plan to divest smaller assets to focus ...
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Operations & Projects
The Subika underground project, completed on schedule and within budget, achieved commercial production in November 2018, adding higher-grade, lower cost gold production at the Ahafo mine. The mine is expected to increase average annual gold production by between 150,000 and 200,000 ounces per year for the first five years beginning in 2019 ...
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Newmont to Sell Ghana Gold Mine Project for $1.0 Billion
Newmont NEM 1.69 % increase; green up pointing triangle has agreed to sell a gold mine in Ghana to a Chinese miner for $1.0 billion, the latest divestiture by the world's biggest gold miner as ...
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African Queen, Noyem Gold and Newmont Ghana enters into mining …
AFRICAN QUEEN MINES LTD has entered into an Earn-in and Joint Venture Agreement with Marshall Islands private company AKAN EXPLORATION LTD, covering exploration, development and exploitation of the Noyem Gold Project, which is the subject of the Noyem-Nyafoman Prospecting License LVB 10244/1995 in Ghana. Simultaneously, the …
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Zijin to buy Newmont's Akyem Gold Mine in Ghana for $1bn
The Akyem Gold Mine has an annual processing capacity of 8.5 million tonnes (mt). Credit: yuda chen/ Shutterstock. Zijin Mining has announced the acquisition of the Akyem …
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Operations & Projects
Overview. Newmont's Ahafo mine is located along the Sefwi Volcanic Belt, a northeast-southwest trending volcanic belt in Ghana. The mine is in the Ahafo region, approximately 307 Kilometers northwest from the national capital city …
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