Ghana has cemented its position as Africa’s largest gold producer after increasing its industrial gold output by 6% in 2019. The West African country officially overtook South Africa as the continent’s top gold miner in 2018, when it produced 4.8 million ounces (Moz) compared to South...
Gold output in Ghana jumped by 12% in 2018 to 4.8 million ounces (Moz), eclipsing South Africa’s output of 4.2Moz for the first time and becoming Africa’s largest gold producer in the process. South Africa’s gold sector has been in gradual decline for several years, with...
Ghana has begun direct negotiations with ExxonMobil which could allow the US oil giant to commence deepwater exploration off the coast of the West African nation. Speaking at the Africa oil conference in Accra, Ghana’s deputy energy minister Mohamed Amin Adam said that talks were progressing...
Ghana has inked a US$10 billion memorandum of understanding (MoU) with China to develop its bauxite industry. Senior Minister Yaw Osafo-Maafo announced the West African nation’s new partnership with China, which will contribute towards the construction of a railway link between bauxite mines and production sites,...
Eni (BIT:ENI) has reached commercial production at its Sankofa field off the coast of Ghana three months ahead of schedule. The arrival of commercial production at the 45,000 barrels per day (bpd) Sankofa field represents the completion of phase one of the US$7.9 billion Offshore Cape...
Ashanti Gold Corp (TSXV:AGZ) has exercised its right to an earn in on Goldplat’s (AIM:GDP) Anumso gold project in Ghana. The Canadian miner will acquire an initial 51% in the West African project through expenditure of US$1.5 million over the first 18 months with an option...
The International Finance Corporation (IFC) and the Multinational Investment Guarantee Agency (MIGA) have announced a joint commitment of US$517 million towards the progression of the Ghanaian Sankofa gas project. The large-scale $7.7 billion project aims to uncover and develop natural gas found in deep water 60km...
Gold Fields (JSE,NYSE:GFI) has announced it will invest US$1.4 billion at its Damang Gold mine in Ghana over the next eight years. The investment will extend the life of mine (LOM) by eight years from 2017 to 2024 and will create and preserve 1,850 direct jobs...