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Newmont Gold Ghana to start mining at Akyem Mine by end of 2013

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NewmontNewmont Gold Ghana, a subsidiary of Denver-based gold mining giant, Newmont Mining Corporation will begin mining at its Akyem mine in Ghana by the end of 2013.

The Vice President of Newmont, Russel Ball has been quoted by the international media as saying, “the current schedule shows us (getting) first production late 2013.”

The Akyem mine which is located in the Birim North District of the Eastern region of Ghana is said to have a measured and indicated reserve of 7.7-million ounces of gold.

Newmont Gold is one of the world’s largest mining companies, reputed for its very high industry practices and good corporate social responsibility.

The Akyem mine according to Ball has about 15 years mining life.

Last year some media in Ghana reported that Newmont Ghana was suspending the Akyem project.

In a response, Newmont Ghana had said on its website that the company remains eager to develop the Akyem project and is completing further analysis on economics to ensure sustainability.

“We are working with government and other key stakeholders to complete key options to bolster efficiency of the project in the face of current global economic dynamics,” Newmont had said.

“Given the current global financial crisis, the shortage of capital and reduced commodity prices, all Newmont projects are being reviewed and the Akyem project is also undergoing this evaluation process,” said Adiki Ofeibea Ayitevie, regional manager, communications. She added that Newmont had not suspended the project as reported in some media.

The Akyem project, Newmont says has for the past five years, been subject to a thorough environmental impact study, public consultation process and an independent review process.

It also says power and economic analysis have been made to ensure sustainability of the project.

According to Ball, gthe project is currently in the planning phase, with feasibility studies under way to assess development requirements.

Meanwhile recently, Newmont Ghana was slapped with a fine running into several million dollars by the government of Ghana for a cyanide spillage that occurred at its Ahafo mine in October 2009.

The company took full responsibility for the accident. In a statement Newmont said it is prepared to finalize compensation for the overflow and has already implemented a number of corrective measures to prevent any future process solution releases. It also reassured the government of Ghana and local communities that the safety of its neighbours, employees and the environment is its first priority and that the company is committed to operating with high standards.

By Emmanuel K. Dogbevi

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  1. ‘ reputed for its very high industry practices and good corporate social responsibility.’
    ———————————
    I don’t think so. Newmont has a very bad reputation in industry for environmental issues and disturbing the communities, villages of its operations.

  2. ernest owusu adarkwah

    newmont will cause more good than harm to the new Abirem community and its surrounding villages

  3. Kingsley Owusu Agyapong

    I KNOW THAT NEWMONT IS RATED ONE OF THE BEST ORGANISATIONS IN THE WORLD IN TERMS OF SOCIAL RESPONSIBILITY

  4. francis kofi boateng

    Newmont is one of the best mining company in Ghana,in terms of environmental issues and social responsibilities.But they should try and incooperate graduate trainee in thier system.

  5. Newmont as compared with other mining companies is having good safety standard measures,that makes it best in Gh

  6. Newmont is my dream company i wish to work with. Please get me employed. Have more gold.

  7. Newmont should consider those of us from their catchment area with the requite qualification for employment to fulfill their social responsibility agreement.