Tanzanian Minister of Minerals Anthony Mavunde has directed the Mining Commission to revoke 40 mineral exploration licenses due to the holders' failure to develop them. Mavunde told a news conference in the capital, Dodoma, that the decision followed repeated non-compliance despite prior warnings and grace periods granted to license holders to address identified shortcomings. Noting …
Gold Fields Ghana Limited has officially handed over the Damang Mine to the Government of Ghana after three decades of continuous operation, marking a significant transition in the country’s mining sector. At a brief but symbolic ceremony held in Damang in the Prestea Huni Valley Municipality on Saturday (18 April), the South African mining giant …
Newmont Corporation’s Chief Executive Officer, Natascha Viljoen, has held a series of high-level meetings in Accra with President John Dramani Mahama and the United States Chargé d’Affaires to Ghana, Rolf Olson, as part of efforts to deepen collaboration in Ghana’s mining sector. The meetings, which also involved Newmont’s Chief Sustainability and Development Officer, Peter Toth, …
The Minister for Lands and Natural Resources, Emmanuel Armah Kofi-Buah, has paid an official visit to the Minerals Development Fund (MDF), underscoring government’s commitment to strengthening institutions that support sustainable development in mining communities. The visit, hosted by the Administrator of the MDF, Dr Hanna Louisa Bisiw, brought together management and staff of the Fund …
Child Rights International estimates that nearly 60 percent of boys aged 13 to 15 in some mining communities in Ghana drop out of school to participate in galamsey. Raised in Kade, a galamsey hotspot in the Eastern Region, Baah Bossman Effah, affectionately called Bossman, could easily have become part of that statistic. Yet, discipline at …
It is a heroic saga made in Ghana. A homegrown company rises from contract mining to full ownership of a major gold mine. A local champion finally takes command of one of our most strategic assets. What’s there not to cheer? But this story is why the katanomics framework was developed: noble political intentions don’t …
Gold advanced after US President Donald Trump and Iran agreed to a two-week ceasefire to finalize talks on ending the war that’s upended global markets. Bullion climbed as much as 3.1% to above $4,850 an ounce, extending a 1.2% gain in the previous session. Trump said in a social media post that he had agreed …
The Minerals Commission has initiated a structured process to ensure the continued operation of the Damang Mine as the current mining lease held by Gold Fields Limited approaches its expiration. Working closely with the Ministry of Lands and Natural Resources, the Commission is overseeing a transition plan aimed at maintaining production, safeguarding jobs, and preserving …
Despite an ongoing Middle East war that has knocked down gold prices, US President Donald Trump offered his blunt take on the metal’s enduring appeal. “I’m a gold person. It’s all real stuff,” he said in a during a Cabinet meeting on Thursday, his first since the strike on Iran more than three week ago. …
The Government of Ghana has issued a tender notice for the selection of a strategic investor to take over the lease and operation of the Damang Gold Mine, as the current lease held by Abosso Goldfields Limited approaches its expiry in April 2026. The tender, published by the Minerals Commission, formally initiates a competitive bidding …
