Tag Archives: GOLD

Zimbabwe will start selling gold coins this month as a way to tame inflation that has weakened the local currency, the country’s central bank said. The governor of the central bank, John Mangudya, noted that the coins, known as Mosi-oa-Tunya, would be available for sale from July 25 in local …

Nadia Abdul Aziz, a reclusive Ghanaian executive, is arguably one of the richest business leaders in Ghana and West Africa due to her multimillion-dollar stake in Asante Gold, a Canadian Securities Exchange-listed gold exploration, development, and operating company. Aziz, a leading financial professional who took over as a director of …

On June 10, 2022, armed robbers raided the premises of a gold ore mining company making away with an unspecified amount of gold. The affected company, GoldStone Resources Limited near Akrokeri in the Ashanti region, has now confirmed the value of the gold the robbers bolted with. They made away …

Three people have been confirmed dead and five others injured when a gold mine collapsed in the Camp 15 area of Budi County, Eastern Equatoria State, over the weekend, county officials said. Arkangelo Lokolimoi, the kimotong Payam executive director, said the incident occurred on Saturday at around 4 pm and …

President Nana Addo Dankwa Akufo-Addo on Monday, 6th June 2022, commissioned one 100 mercury-free gold processing equipment, commonly referred to as Gold Katcha, at a ceremony held at the Independence Square, in Accra. Gold Katcha is an equipment that extracts gold from the ore without the use of mercury, which …

The country suffered a drastic drop in gold production of 30 percent in 2021 -the lowest since 2008. Total production from large- and small-scale producers declined from 4 million ounces in 2020 to 2.8 million ounces last year, mainly due to operations-related challenges, says the Ghana Chamber of Mines. Consequently, …

Asante Gold has begun operations of the processing plant and associated equipment at its Bibiani gold mine in Ghana. The pure gold exploration and development company plans to carry out a 14-day evaluation period during which it will control, calibrate operating systems and align critical equipment “under full load”. Bibiani, …

Ghana loses its position as the top gold producer in Africa after output fell nearly 30 percent in 2021. The volume of Gold declined to 2.818 million ounces in 2021 from 4.022 million ounces in 2020, the lowest level of output since 2008. Mr Joshua Mortoti, the President of the …

Multi-listed Gold Fields is set to acquire Canadian-based Yamana Gold in a deal worth more than $6 billion. Yamana is a leading precious metals producer with significant gold and silver production, development and exploration stage properties and land positions throughout the Americas, including Canada, Brazil, Chile and Argentina. The all-share …

The Eastern Regional Police Command is pursuing six armed robbers who attacked a shop that deals in gold at Asamang Tamfoe in the Atiwa East Municipality of the Eastern Region. The unmasked robbers are reported to have fired sporadically throughout the broad-day light operation that lasted about 11 minutes before …