East DR Congo grapples with Chinese gold mining firms
Italian priest Davide Marcheselli has been fighting for years against Chinese companies illegally mining gold in the town of Kitutu in eastern Democratic Republic of Congo.- Access denied – In ...
Shandong Gold pledges to pour first gold in 2024 …
The General Manager of Shandong Gold Group, the parent company of Cardinal Namdini Mining Ltd., Mr. Hang Li, has assured the Government of Ghana of its commitment to pour its first gold at the ...
Global mine production by country | World Gold Council
Gold mining is a global business with operations on every continent, except Antarctica, and gold is extracted from mines of widely varying types and scale. At a country level, China was the largest producer in the world in 2023 and accounted for around 10 per cent of total global production. Our interactive gold mining map provides a breakdown ...
Chinese mining company buys $1billion goldfield in Ghana
China's Zijin Mining Group is poised to acquire the Akyem gold mine project in Ghana from US-based Newmont Corporation in a $1 billion deal. The transaction, which …
China Shaanxi mine: Cassius boss defends Ghana gold mining …
Cassius chief executive James Arkoudis has vowed the company will get justice for its shareholders in its $395 million dispute with a Chinese state-linked mine and the Ghanaian government.
Illegal Chinese Gold Mining Leaves An Open Wound In Ghana
Chinese national En "Aisha" Huang is well known in Ghana as the "Galamsey Queen," a nickname bestowed by the local media to describe her status as a kingpin of illegal gold mining operations. Her arrest and recent sentencing are emblematic of Ghana's serious, ongoing problem with Chinese involvement in illegal artisanal small-scale ...
Chinese mining company buys $1billion goldfield in Ghana
China's Zijin Mining Group is poised to acquire the Akyem gold mine project in Ghana from US-based Newmont Corporation in a $1 billion deal. The transaction, which includes $900 million in cash upon closure and an additional $100 million subject to certain conditions, is expected to be finalised in the fourth quarter of 2024. Through its subsidiary, Gold Source …
Illegal Chinese gold mining triggers conflict in Ghana
Illegal small-scale gold mining known "galamsey" in Ghana has picked up this year following an almost 30% rise in global gold prices. Reuters | October 11, 2024 | 11:22 am Gold miners' epic quarter
Mahama Accused of Using Mining Crackdown to Thwart NPP Gold …
In a viral video on social media, a Chinese illegal miner is heard alleging that former President Mahama is orchestrating the ongoing crackdown on illegal mining in Ghana. He alleges that this ...
A Chinese national has been jailed in a Ghanian court
Chinese national Aisha Huang was sentenced to four years in jail for illegal gold mining in Ghana. Ghanaian court rules against Huang, highlighting her involvement in the country's illegal gold mining. Environmental concerns persist as illegal gold mining remains a means of subsistence for many.
Newmont's Akyem gold mine in Ghana draws …
Newmont Corp. has kicked off the sale of its Akyem gold mine in Ghana, which is attracting interest from potential bidders including Chinese producers amid soaring prices for the metal,...
China's Shandong Gold to buy Ghana-focused Cardinal …
Shandong Gold Mining Co <600547.SS> <1787.HK>, one of China's biggest gold producers, said on Thursday it would buy Ghana-focused miner Cardinal Resources Ltd
VIDEO: Illegal Chinese gold mining in Ghana
Over the past year, MINING has kept a close eye on illegal Chinese gold mining in Ghana. At its peak, an estimated 50,000 Chinese miners were operating illegally in the country.
China's illegal gold mining in Ghana adversely impacting its …
Recently a Chinese businesswoman, Aisha Huang known in Ghana as "the queen of illegal gold mining" along with three other Chinese nationals was arrested for illegal gold mining, selling and buying ...
IEA raises legal concerns over Newmont's planned sale of …
The Institute of Economic Affairs (IEA) has criticised the sale of Newmont's Akyem Gold Mine Project in Ghana to China's Zijin Mining Group for $1.0 billion, calling the deal 'flawed' and ...
Arrests and attacks: tracking China's illegal …
In addition to mining issues in Nigeria and Namibia, the Democratic Republic of Congo has banned six Chinese businesses operating in South Kivu for illegally extracting gold and other minerals. Before this, …
Ghana, China commit to sustainable mining
Mr Defa, the 17th Chinese Ambassador to Ghana, observed that with the growing investment of Chinese companies, particularly in the gold mining sector, it was important for …
Gold Rush: Illegal mining fuelled by Chinese Nationals in Ghana.
At the heart of Ghana's gold rush is Wassa Akropong – a farming community in the Western North region of Ghana dominated by Chinese nationals who are milking the country's most precious natural resource. The Gold Rush Ghana is a major gold exporter and the precious metal remains one of the vital sources of revenue for the nation.
China's Shaanxi Mining in deadly gold mine dispute in Ghana
A CHINESE mining company has been accused of poisoning dozens of poor Ghanaians who climb down shafts into underground mines in Gbane, 700km north of Accra to steal gold from operations run by foreign companies, according to a year-long investigation by the Australian Sydney Morning Herald newspaper and a local journalist.. The paper also reports …
Ghana is Africa's largest gold producer, but it has an illegal mining …
Ghana's gold mines are found in most parts of the country, and the mining history can be traced back hundreds of years. However, a form of mining known as artisanal, illegal or small-scale ...
Newmont's Sale of Akyem Gold Mine: A Missed Opportunity for Ghana?
In a deal that has set tongues waging in the mining community, Newmont Company's decision to sell its Akyem Gold Mine in Ghana to China's Zijin Mining Group for $1.0 billion has sparked waves of concern. As the dust settles on the announcement, indus. The Mining Executive "Global Mining Decisions In Your Palms"
Illegal Chinese Gold Mining Leaves an Open Wound in Ghana
Her arrest and recent sentencing are emblematic of Ghana's serious, ongoing problem with Chinese involvement in illegal artisanal small-scale gold mining (ASM). A …
Illegal mines, pollution and a thirsty global market: Anger …
ACCRA, Ghana — Illegal small-scale gold mining in Ghana has been linked with the destruction of the environment and illness. But for some, the practice known locally as galamsey provides ...
Galamsey: Ghana's illegal gold mining industry causes …
Water from a polluted river in Ghana was so thick and discoloured that an artist was able to use it as paint to depict the environmental devastation caused by the illegal gold mining that has ...
Quest for gold in African mud | South China Morning Post
A gold rush in the resource-rich west African country of Ghana, led by an estimated 50,000 Chinese prospectors, is threatening to turn nasty amid allegations of illegal mining and escalating ...
Chinese firm says US$900,000 of gold stolen in …
A Chinese mining company has revealed that it lost 12kg (26lbs) of gold – worth US$900,000 – in an armed robbery in Ghana earlier this year. ... Gold is Ghana's top export – it earned the ...
Akyem Gold Mine Sale Attracts Top Chinese Bidders Amid …
In summary, the sale of Newmont's Akyem gold mine in Ghana represents a pivotal moment in the gold mining industry. Amid soaring gold prices and intense interest from Chinese producers, the transaction underscores the strategic value of gold mining assets and the dynamic interplay between global economic forces and the natural resources sector.
IEA wants Newmont Akyem Gold Mine sold to local investor
It has, therefore, cautioned against a a planned sale of the Gold Mine to Zijin Mining Group of China for US$1.0 billion, as reported by the Business Times on October 9, 2024. "IEA sees the deal to be flawed in several respects, inimical to Ghana's interest and unacceptable," it stated regarding the purported new lease.
Chinese participation in Ghana's informal gold mining …
The informal character of Ghana's gold mining economy has been heavily overlooked in discussions on the growing population of Chinese galamsey operators. ... As is the case with gold mining, scores of Chinese families have migrated to sections of rural sub-Saharan Africa, where they have opened shops and engaged in local trade, seeking their ...
Zijin Mining buys Newmont's Ghana gold project for $1 billion
China's Zijin Mining Group will buy the Akyem gold mine project in Ghana from US-based Newmont Corp for $1 billion, the companies said on Wednesday.