Browsing: Mining & Energy

Dr. Hamid noted that sourcing fuel closer to home would reduce freight costs and potentially drive down prices of other goods and services across Ghana.

He warned that Ghana could face even more severe power outages in November if the situation persists.

In a statement, the IEA notes that the project lease was signed between the Ghana Government and Newmont on 19th January 2010 and has an expiry period of 15 years, i.e. valid until 19th January 2025.

In a letter addressed to the Clerk of Parliament, the Ministry cited the need for further consultations as the reason for the request.

Mr. Boakye suggested in a recent interview that Springfield’s latest appraisal report conflicted with the original data presented to justify the unitisation of the Afina field.

The future is bright for Ghana’s mining sector, Edward Nana Yaw Koranteng, CEO of the Minerals Income Investment Fund (MIIF), has said at the recently concluded MIIF Stakeholder Conference at the Marriott Bonvoy Hotel in Accra.

“The sale of Akyem represents continued progress on the non-core asset divestiture program announced in February, supporting our focus on the Tier 1 assets in Newmont’s portfolio that will drive sustainable growth and the return of capital to shareholders,” saidTom Palmer, Newmont’s President and Chief Executive Officer.

Mr Neil Herbert, executive chairman of Atlantic Lithium, described the permit’s issuance as a significant milestone in the permitting process.

Mr. Kutortse noted this was the only way the country’s energy sector could be guaranteed by harnessing the power of our natural resources—sun, wind, and water—to drive our economic growth and reduce our reliance on imported energy.

One key solution, he emphasized, is to mandate the Geological Survey Authority to identify suitable areas for small-scale mining operations, which would prevent miners from venturing into ecologically sensitive areas.