Accra, 22nd May 2023 – Newmont Africa has announced that, in the first quarter of 2023, its Ghana operations (Ahafo South and Akyem mines) paid a total of GHS 843.72 million in taxes, royalties, and levies to the Government of Ghana, through the Ghana Revenue Authority (GRA), Forestry Commission, and Ministry of Finance. This amount is broken …
Delivering long-term value from an unmatched portfolio of world-class, long-life operations and a robust organic project pipeline Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the Company) announced its 2022 outlook * with attributable gold production guidance of 6.2 million ounces and AISC ** of $1,050 per ounce at an $1,800 …
Operations. Commercial production at Ahafo began in 2006; it operates both surface and underground mines. Ahafo has two primary ore zones: Ahafo South and Ahafo North. 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 …
Newmont's presence in Ghana includes the Ahafo mine in the Ahafo region and the Akyem operation in the Eastern region near New Abirem. Sustainability We are committed to mining sustainably while creating …
Historic Mining-Industry Acquisition Sets the Standard for Gold and Copper Mining Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) today announced it has completed the acquisition of Newcrest Mining Limited to create the world's leading gold company with robust copper production. This press release features …
How Will Newmont Benefit From the New Site? The Companies new project will be situated in the North of the region, with potential for production of 275,000 to 325,000 ounces per year - at an all-in sustaining cost of US$600 to US$700 per ounce for the first five years. ... expanding our existing footprint in Ghana and adding more than 3 Moz of ...
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 …
Newmont Goldcorp Corporation (NYSE: NEM, TSX: NGT) (Newmont Goldcorp or the Company) today announced that the Ahafo Mill Expansion in Ghana achieved commercial production, on schedule and within budget for approximately $175 million. Combined with the Subika Underground, which was successfully completed in November 2018, the mill …
Supporting local economic growth in Ghana: Newmont. Newmont recently developed its first project in Ghana (2006) and its only operation in Africa, which at the end of 2007 had over 17 million ounces of gold reserves, representing nearly 20% of its global gold reserves. Newmont Mining Corporation is a leading gold producer with operations …
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 of Accra. Commercial production at Ahafo began in 2006. Ahafo has two primary ore zones: Ahafo South and Ahafo North.
Newmont established its presence in Ghana in 2002 through the acquisition of Normandy Mining of Australia along with Franco-Nevada of Canada. This merger gave Newmont complete ownership of two mining projects in Ghana, Ahafo in the Brong Ahafo region and Akyem, located in the Birim North District. Both of Newmont's …
July 23, 2021. Newmont Corporation's 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 …
Ghana's leading gold producer, Newmont Ghana is now known as Newmont Goldcorp. The name change follows a successful merger between its parent company, Newmont Mining Corp. and Goldcorp Inc. to form Newmont Goldcorp Corp. The transaction closed on 18 April. "Newmont Goldcorp features an unmatched portfolio of …
June 16, 2022. Reading Time: 1 min read. Dave Thornton, Regional Senior Vice President-Newmont Africa. Newmont Ghana has successfully sold 3,500 Koz of gold to the Bank of Ghana, the nation's central bank, in its first domestic gold purchasing programme. "We are very excited to be part of this historic transaction and to be able to ...
Today, Newmont Corporation (NYSE: NEM, TSX: NGT) launched its 2022 Sustainability Report and 2022 Taxes and Royalties Contributions Report as part of its annual reporting suite, highlighting the Company's most material environmental, social and governance (ESG) topics. Newmont has published global sustainability reports on an …
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. The Akyem mine operates within 10 host communities in the Birim North District of Ghana's Eastern Region namely: …
Newmont last year retained in Ghana almost 80% of its earnings from gold sales Accra, 23rd August, 2013 – Newmont Ghana has announced that almost 80% of its earnings from gold sales were retained in the country in 2012, contrary to some recent claims. The earnings retained in Ghana were spent on corporate taxes, local contractors …
Newmont Ghana adheres to the highest standards of national and internationally accepted environmental practices. Consistent with Newmont's commitment to responsible …
4. Radio Maintenance Technician – Akyem Project. The successful candidate will be responsible for ensuring that the Jigsaw Fleet Management Systems (FMS) and associated radio equipment are kept in good working conditions in order optimize mine production, improve communications, increase safety and reduce costs.
Company urges Akyem community stakeholders to allow legal process to run its course New Abirem, 16th October, 2018 – Newmont Ghana today reaffirmed its commitment to transparently engaging with local communities to improve lives and collaboratively identifying solutions to mitigate impacts from its operations. The …
The development of the gold project is estimated to cost between $750 and $850m. Newmont president and CEO Tom Palmer said: "I am pleased to announce the approval of full funding for the Ahafo North Project, expanding our existing footprint in Ghana and adding more than three million ounces of gold production over an initial 13 …
5 Recommendations for Newmont and for the Government of Ghana 53 5.1 For Newmont 53 5.2 For the Government of Ghana 54 5.3 For the Government of Ghana and Newmont Jointly 55 Appendix I Model description 56 I.1 Modelling approach 56
Newmont Ghana, a core operating district of Newmont Mining Corporation (Newmont), the world's second largest gold company, today announced the appointment of David C. Schummer as the Regional Senior Vice President for its Africa Operations. Taking over from Jeffrey Huspeni who has been appointed to Newmont's Asia Pacific Region …
Newmont last year retained in Ghana almost 80% of its earnings from gold sales Accra, 23rd August, 2013 – Newmont Ghana has announced that almost 80% of its earnings from gold sales were retained in the country in 2012, contrary to some recent claims. The earnings retained in Ghana were spent on corporate taxes, local contractors and …
Newmont Ghana swept six awards at the prestigious 2021 HR Focus Awards, celebrating excellence in human resource management. The gold mining industry leader was adjudged the Overall Best Organization in HR Practice. The company won across multiple categories including the Best HR Practice in Energy and Natural …
For the year-to-date period ending 30th June, 2011, Newmont Ghana Gold Limited (NGGL) has paid GH¢88 million (US$59 million) for financial obligations to the Government of Ghana in taxes including corporate income tax, payroll tax, withholding taxes, royalties and the National Fiscal Stabilization Levy. The payments were made in …
by Mike July 27, 2021 0 601. Newmont Corporation's 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, …
Today, Newmont Corporation (NYSE: NEM, TSX: NGT) launched its 2021 Sustainability Report as part of its suite of reports on the Company's environmental, social and governance (ESG) practices in key areas that include health, safety and security, human rights, the environment, social acceptance, governance, and inclusion and …
Contributed GH¢303M to 2013 government tax revenue. Accra, 21 st May, 2014 – We are pleased to announce that Newmont Ghana (Ahafo and Akyem operations) paid a total of GH¢76,783,341 (US$30,766,933) for the first quarter (January – March) 2014, to the Government of Ghana through the Ghana Revenue Authority (GRA).. This …
The Newmont Ahafo North project is part of the main Ahafo lease that started operations in 2006. In July 2021, the company's Board of Directors approved an initial investment fund of US$750 to US$850million for the project. Newmont's Ahafo North project is in the Tano North Municipality of the Ahafo Region. The five host communities …
Newmont Ghana says it will continue to seek the consent and acceptance of communities impacted by its exploration activities and operations before undertaking any mine related activities. "We believe in engaging communities and soliciting their input regarding our development plans prior to undertaking activities. At our Ahafo Mine and …
In 2017, the Ghana Investment Promotions Center (GIPC) named Akyem the best company in Ghana for the second consecutive year. The Akyem mine operates within 10 host …
Delivering on our commitments and demonstrating leadership are key to operating responsibly, one of Newmont Goldcorp's core values. Through developing healthcare infrastructure and investing in community healthcare services, we best express dedication to our purpose: creating value and improving lives through sustainable and responsible …
Newmont operates two mines in Ghana, including Ahafo, which began commercial production in 2006 and is located some 300 km (190 miles) northwest of the capital, Accra. Its second mine, Akyem, in ...
Bullion major Newmont on Thursday announced the approval of a new $750-million to $850-million gold project in Ghana, which would create about 1 800 jobs at the peak of construction and more than ...
In keeping with Newmont's purpose to create value through sustainable and responsible mining, the Company partners on a number of local educational initiatives – totaling more than $2.5 million* last year – to support scholarship opportunities and empower people to pursue further education. These scholarships helped Newmont …
