Ghana has replaced South Africa as the largest gold producer on the African continent, which is no longer news for smart and important mining investors. Ghana s mining industry is almost all gold mining.
Ghana s gold production can be traced back to the colonial period, although the output was small at that time, until the 1970s and 1980s, Ghana began to open up mineral resources and carry out exploration work.
Today, several world s top gold giants have established gold mining bases in Ghana to participate in gold exploration and mining. These large gold mining companies include Gold Fields Limited, Toronto-based IAMGOLD Corp, AngloGold Ashanti Ltd., Golden Star Resources Ltd and Newmont Mining Corporation. Other important companies that are conducting gold exploration in Ghana include Adamus Resources Ltd., Xtra Gold Resources, African Gold plc, Perseus Mining Limited, Moydow Mines International Inc. and Pelangio Mines Inc.
Although Ghana s recent actions against illegal gold mining are in full swing, Ghana still leaves huge investment potential for legitimate gold investors. Some of the major gold mines currently operating in the country include:
As the top gold producer in Africa, Ghana has a considerable number of gold mines being mined or constructed. Other important mines include Bogoso Gold Mine, Prestea Underground Gold Mine, Ahafo Gold Mine and Damang Gold Mine.
From December 17, 2018, the government of Ghana officially lifted the ban on small-scale gold mining, allowing small-scale gold mining enterprises in Ghana that have been audited by the Ghanaian government and have full certificates to resume mining.
However, the Ghanaian government also emphasized that lifting the ban on small-scale gold mining is not lifting illegal gold mining. Any gold mining that is not approved by the Ghanaian government is illegal. The lifting of small-scale gold mining is only for citizens of Ghana. It is still illegal for foreigners to participate in small-scale gold mining.
Dirty gold mining has ravaged landscapes, contaminated water supplies, and contributed to the destruction of vital ecosystems. Cyanide, mercury, and other toxic substances are regularly released into the environment due to dirty gold mining.
Modern industrial gold mining destroys landscapes and creates huge amountsof toxic waste. Due to the use of dirty practices such as open pit mining and cyanide heap leaching, mining companies generate about 20 tons of toxic waste for every 0.333-ounce gold ring. The waste, usually a gray liquid sludge, is laden with deadly cyanide and toxic heavy metals.
Many gold mines dump their toxic waste directly into natural water bodies. The Lihir gold mine in Papua New Guinea dumps over 5 million tons of toxic waste into the Pacific Ocean each year, destroying corals and other ocean life. Companies mining for gold and other metals in total dump at least 180 million tons of toxic waste into rivers, lakes, and oceans each yearmore than 1.5 times the waste that U.S. cities send to landfills on a yearly basis.
To limit the environmental damage, mines often construct dams and place the toxic waste inside. But these dams do not necessarily prevent contamination of the surrounding environment. Toxic waste can easily seep into soil and groundwater, or be released in catastrophic spills. At the worlds estimated 3,500 dams built to hold mine waste, one or two major spills occur every year.
Toxic waste spills have had devastating consequences in Romania, China, Ghana, Russia, Peru, South Africa, and other countries. In 2014, a dam collapsed at the Mount Polley gold and copper mine in British Columbia, sending about 25 million cubic meters of cyanide-laden waste into nearby rivers and lakesenough to fill about 9,800 Olympic-sized swimming pools. The spill poisoned water supplies, killed fish, and harmed local tourism.
Dirty gold mining often leads to a persistent problem known as acid mine drainage. The problem results when underground rock disturbed by mining is newly exposed to air and water. Iron sulfides (often called fools gold) in the rock can react with oxygen to form sulfuric acid. Acidic water draining from mine sites can be 20 to 300 times more concentrated than acid rain, and it is toxic to living organisms.
The dangers increase when this acidic water runs over rocks and strips out other embedded heavy metals. Rivers and streams can become contaminated with metals such as cadmium, arsenic, lead, and iron. Cadmium has been linked to liver disease, while arsenic can cause skin cancer and tumors. Lead poisoning can cause learning disabilities and impaired development in children. Iron is less dangerous, although it gives rivers and streams a slimy orange coating and the smell of rotten eggs.
Once acid mine drainage starts, it is difficult to stop. Acidic waters flowing from abandoned mines can raise acidity levels and destroy aquatic life for generations. Roman mining sites in England are still causing acid mine drainage more than 2000 years later.
The use of mercury in gold mining is causing a global health and environmental crisis. Mercury, a liquid metal, is used in artisanal and small-scale gold mining to extract gold from rock and sediment. Unfortunately, mercury is a toxic substance that wreaks havoc on miners health, not to mention the health of the planet.
For every gram of gold produced, artisanal gold miners release about two grams of mercury into the environment. Together, the worlds 10 to 15 million artisanal gold miners release about 1000 tons of mercury into the environment each year, or 35 percent of man-made mercury pollution. Artisanal gold mining is actually among the leading causes of global mercury pollution, ahead of coal-fired power plants.
When mercury enters the atmosphere or reaches rivers, lakes, and oceans, it can travel across great distances. About 70 percent of the mercury deposited in the United States is from international sources. Still more mercury reaches the United States through imported fish. Once it reaches a resting place, mercury is not easily removed. Sediments on the floor of San Francisco Bay remain contaminatedwith mercury left by the California gold rush of the 19th century.
Mercury is extremely harmful to human health. The amount of vapor released by mining activities has been proven to damage the kidneys, liver, brain, heart, lungs, colon, and immune system. Chronic exposure to mercury may result in fatigue, weight loss, tremors, and shifts in behavior. In children and developing fetuses, mercury can impair neurological development.
A gold mining boom is accelerating the destruction of the Amazon rainforest, a biologically diverse ecosystem that acts as a check on global warming. Artisanal, or small-scale, gold miners are tearing down the forest to access the rich gold deposits beneath. One study found that deforestation rates in the Madre de Dios region of the Peruvian Amazon have increased six-fold due to gold mining.
Gold mining is also responsible for releasing large amounts of mercury into the Amazons air and water. The mercury is poisoning plants, animals, fish, and people. In one city in the Peruvian Amazon, unsafe mercury levels were recorded in 80 percent of local residents. The gold mining boom does not bode well for the Amazon or the people, both locally and globally, who depend on it.
Major companies such as Newmont Goldcorp, Kinross Gold, AngloGold Ashanti, Barrick Gold and Gold Fields are active in the region, alongside controversial artisanal miners, who are especially active in Ghana, Mali and Burkina Faso.
While traditional companies and artisanal miners contributing to Ghanas gold production, some of the largest include Kinross Gold (Chirano mine), Newmont Goldcorp (Akyem and Ahafo mines), AngloGold Ashanti (Obuasi and Iduapriem mines), Gold Fields (works the Tarkwa gold mine) and Asanko Gold (Asanko mine).
The minerals mined in Ghana account for 37% of the countrys total exports, with gold comprising 90% of total mineral exports. Miningglobal.com estimates Ghanas gold reserves to be 1,000 metric tonnes.
Declining gold ore grades in South Africa over the past eight decades have seen the country lose its African top spot to Ghana. In 2019, gold production fell to 118 metric tonnes from 137 metric tonnes in the previous year.
The Witwatersrand Basin, an underground geological formation in South Africa, holds one of the largest gold placer deposits in the world. Top gold mines in the country include South Deep (the largest gold mine in the world in terms of reserves and currently owned by Harmony Gold), Mponeng (operated by AngloGold Ashanti and the deepest mine in the world) and Driefontein (owned by Sibanye-Stillwater). South Africas oldest mine, Kromdraai, is a currently a huge tourist attraction.
The north-east African country of Sudan comes third in this list with gold production of more than 76 metric tonnes in 2019. This was, however, a big drop from the 93 tonnes produced the previous year and the 107 tonnes in 2017. The Sudanese government, however, claims annual gold production in the range of 120-200 tonnes.
For years one of Africas top gold producing countries, Sudanese gold is found in the Eriab region of the Nuba mountains, along the alluvial regions of the Nile River and quartz vein formations in Obaidiya, Blue Nile region and North Kurdufan.
Africas third-largest country by area, Sudans gold mines include Hassai gold mine (owned by Sudans Ariab Mining Company and Canadas La Mancha Resources) and Block 14 open pit mine project (operated by Canadas Orca Gold).
The north-west African country of Mali produced more than 71 metric tonnes of gold in 2019, a sizeable jump from the 61.2 tonnes in 2018 placing it fourth in our list of the continents top gold producers. Malis gold mining operations not only involve large mining companies, but also artisanal miners, who have also produced a sizeable chunk of gold and made a significant contribution to the countrys economy.
Its gold mines include Morila (managed by Government of Mali, AngloGold Ashanti and Barrick Gold), Sadiola (managed by Government of Mali, AngloGold Ashanti and LamGold), Loulo-Gounkoto (managed by Barrick Gold) and Yatela (managed by Government of Mali, AngloGold Ashanti and LamGold).
Burkina Fasos 62 metric tonnes of gold produced in 2019 places it in fifth position in our list. Said to have one of the most dynamic mining sectors in West Africa, Burkina Fasos other major resources are copper, zinc, limestone, manganese and phosphate.
The countrys gold mines include Kalsaka (operated by Banlaw Africa Limited), Youga (jointly operated by Government of Burkina Faso and Etruscan Resource), Karma (operated by Endeavour Mining), Mana (operated by Semafo), Yaramoko (operated by Roxgold), Taparko-Boroum (owned and operated by Socit des Mines de Taparko SA), Essakane (operated by IAMGOLD), and Inata (jointly operated by the Government of Burkina Faso and Avocet).
Ghana has overtaken South Africa to become the largest gold producer and exporter in Africa. Gold is a major export commodity for Ghana and contributes significantly to Ghana's revenue. This precious metal contributes nearly 48% of the country's revenue.
These laws listed constitute the principal and subordinate legislation regulating the mining of industrial minerals including gold in Ghana. It sets out the licensing regime for gold mining in Ghana, the rights of a mining leaseholder as well as the objects and powers of regulatory institutions in the industry including the Ministry of Mines and Natural Resources and the Minerals Commission among others.
In terms of regulation, the Ministry of Mines and Natural Resources and the Minerals Commission of Ghana are the principal administrative bodies regulating the sector. They provide the framework for the conduct of explorations of gold in Ghana as succinctly stated in the laws listed above.
However, the holder of a mineral right is required to before undertaking an activity or operations under a mineral right, to obtain the necessary approval and permits required from the Forestry Commission and the Environmental Protection Agency. This is significant in ensuring the protection of natural resources, public health and the environment.
Under the principal Act, the Minerals and Mining Act, 2006 (Act 703), every mineral in its natural state in, under or upon any land in Ghana, rivers, streams, water-courses throughout the country, the exclusive economic zone or any area covered by the territorial sea or continental shelf is the property of the Republic of Ghana and is vested in the President in trust for the people of Ghana.
Subject to Act 703 and the Subordinate legislation listed above, a reconnaissance licence confers on the holder and a person, exclusive right to carry on reconnaissance in the reconnaissance area for the minerals to which the reconnaissance licence relates and to conduct other ancillary or incidental activity.
The Minister responsible for mines may, on an application duly made by a qualified person and on the recommendation of the Minerals Commission, grant prospecting licence in respect of all or any minerals specified in the application. The holder of a prospecting licence may in the exercise of the rights under the licence, enter upon the land to which the licence relates to undertake the following;
A holder of a reconnaissance licence or prospecting licence may, prior to the expiration of the licence, apply for a mining lease in respect of all or any of the minerals, the subject of the licence and in respect of all or any one or more of the blocks which constitute the reconnaissance or prospecting area.
Where a mineral right is for mining or exploration, the Government of Ghana shall be entitled to 10% free carried interest in the rights and obligations of the mineral operations in respect of which financial contribution shall not be paid by the government. Government is however not precluded from obtaining further participation in mineral operations that may be agreed with the holder.
Except for small-scale mining rights which can be granted to an individual as provided for under Act 703, only corporate bodies incorporated in Ghana under the laws of the Republic of Ghana shall be granted a mineral right in Ghana. A licence for small-scale mining is however granted only to a citizen of the Republic of Ghana who has attained the age of 18 years and is registered by the office of the Minerals Commission in an area designated and known as the District Office. No foreigner under any circumstances is allowed to participate in the small-scale mining industry.
Foreign entities can hold mineral rights in Ghana by incorporating a company in Ghana with its object among others been mining and exploration activities. The Ghana Investment Promotion Centre Act, 2013 (Act 865) prescribes the minimum capital threshold for non-Ghanaians for participation in various sector of the economy including that of mining.
The law provides, that where the foreign investor has a Ghanaian partner, the foreign investor is required to invest a foreign capital of not less than TWO HUNDRED THOUSAND UNITED STATES DOLLARS (US$200,000.00) in cash or capital goods relevant to the investment or a combination of both by way of equity participation and the person who is a citizen must hold not less 10%of the equity.
However, where the company is wholly owned by the foreign investor, the law as stated provides, that the investor must invest a minimum of not less than FIVE HUNDRED THOUSAND UNITED STATES DOLLARS (US$500,000.00) to have the company incorporated and licensed by the Centre.
It is important to stress, that under the mining laws of Ghana, a foreign investor is not mandated to have a partner to participate in the mining industry as pertains to the oil and gas, gaming and other sectors of the economy.
The only restriction to participate in the mining industry in Ghana by an entity incorporated by a foreigner is that it cannot engage in operations relating to industrial minerals unless it commits in its proposed programme to invest at least TEN MILLION UNITED STATES DOLLARS (US$10,000,000.00) in the operations.
Industrial minerals mean basalt, clay, granite, gravel, gypsum, laterite, limestone, marble, rock, sand, sandstone, slate, talc, salt and other minerals as the Minister of Mines may from time to time declare.
The law requires that a mineral right shall not in whole or in part be transferred, assigned or mortgage or otherwise encumbered or dealt in any manner without the prior approval of the Minister responsible for mines. The approval, however, shall not be unreasonably withheld or given subject to unreasonable conditions. This therefore demonstrates, that a foreign entity that meets all requirements set out under Act 703, the Companies Act and the Ghana Investment Promotion Centre Act, shall with the approval of the Minister responsible for Mines be entitled to partner an indigenous Ghanaian company with a mineral right to explore for the minerals in Ghana.
The law states, that within 30 days of receipt of an application for approval of an assignment of mineral rights and or any arrangement be it mortgage or joint ventures, the Minister shall be required to give written reasons of approval or rejection of that arrangement. However, if the Minister fails to do so, then the Minister shall upon a request by an applicant give written reasons to the applicant for the failure to communicate a decision on the application. This subsequent communication from the Minister shall reach the applicant within 14 days of receipt of the request from the applicant.
The holder of a mining lease is entitled to several incentives and benefits in Ghana. Among them, the holder is entitled to capitalization of expenditure on reconnaissance and prospecting approved by the Minister on the advice of the Minerals Commission where the holder starts development of the commercial find.
There are ample provisions under the mineral and mining laws when it comes to the resolution of disputes in Ghana. The law enjoins all players in the mining industry to make efforts to have all disputes resolved through mutual discussions.
However, where a dispute arises between a holder of a mineral right who is a citizen and the Republic in respect of a matter expressly stated under Act 703, such a dispute shall be referred for resolution and if same is not resolved amicably within 30days of the dispute arising or a longer period as agreed between the parties, the dispute may be submitted by a party to the dispute to arbitration for settlement in accordance with the Alternative Dispute Resolution Act, 2010 (Act 798) or any other enactment of such nature that may be in place.
On the other hand, where a dispute arises between a holder who is not a citizen and the Republic in respect of a matter expressly stated under Act 703, such a dispute or matter shall be referred for resolution and if the same is not resolved amicably within 30days of the dispute arising or a longer period as agreed between the parties, the dispute may be resolved using any of the following mechanism;
b. If the parties do not reach an agreement under (a) within 30days or a longer period as may be agreed between the parties, the matter may be submitted to arbitration in accordance with the following;
i. Firstly the framework of a bilateral or multilateral agreement on investment protection to which the Republic and the country of which the holder of the mineral right is a national are parties, or
Ghana has signed and ratified investment treaties with Denmark, United Kingdom, China, Germany, Malaysia, the Netherlands and Switzerland among others. These investment treaties generally provide protection from investments of nationals from the contracting parties.
To guarantee the investments by mining companies, the Minister may enter with a stability agreement with the holder to ensure that the holder of a mining lease, shall for a period not exceeding 15years from the date of the agreement be affected by a new enactment, order or an instrument.
It is advisable for the foreign entity to have access to legal representation before it seeks to establish an entity for subsequent application of mineral rights in Ghana. Most especially when the foreign entity seeks to enter into a joint venture with a Ghanaian company having a mineral right in Ghana. Not only will the local legal representative conduct due diligence on the local company to ascertain the veracity of its mineral lease. Most importantly, the lawyer will also be expected to educate and or proffer sound professional advice to the foreign entity on any changes in the laws and regulations governing the acquisition of mineral rights in Ghana.
Also, the legal representative shall police the processes leading to the incorporation of the company with the Registrar Generals Department, registration with the Ghana Investment Promotion Centre and the application of the mineral rights from the Minerals Commission of Ghana. Timely legal advice must be obtained from a lawyer with knowledge and working experience in Minerals and Mining in Ghana. The Legal Representative shall also be responsible for the formulation and the drafting of agreements to govern all transactions in Ghana. This is intended to secure the interest of the parties to the transaction and ensure that their reasonable expectation is meet at the end of the day.
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The Assembly Member for Kwabeng Electoral Area, and the President of the Concerned Citizens of the Atewa Landscape, Oteng Adjei, has described as palpable falsehood notice put up by Xtra Gold Mining Limited in a press statement dated May 17, 2021. It will be recall that Xtra Gold Mining Limited on May 16, 2020 in a press statement claimed that the company is a legally large scale lease holder of five concessions and has all the necessary agreement permits to conduct mining operations. In a press statement issued and signed by the Assembly Member for Kwabeng Electoral Area, Oteng Adjei, it stated that a lot of furor has been created by persons behind the Xtra Gold in an effort ostensibly to court undeserved public sympathy in order to put the government in a bad light in its desire to rid the country's landscape of the disgraceful galamsey. This according to him it has become only expedient and prudent to interrogate the said press statement of the so-called Xtra Gold and pigeonhole these assertions in their proper perspectives. The statement stated that as the people's representative, he personally, began to investigate the Xtra Gold's competence from the necessary statutory agencies to ascertain their business objectives. It further said due to the amount of devastation they have caused and continue to do to the Kwabeng Community and its environs, in November, 2013, Mr Oteng Adjei personally engaged the services of lawyers to conduct a Search on Xtra Gold Mining Limited and the result revealed that the Company was not duly incorporated in accordance with law. Below is the full statement To All Media Agencies 31st May, 2021 PRESS RELEASE IN THE MATTER OF XTRA GOLD Sequel to the burning of excavators on what is described as XTRA GOLD MINING LIMITED acclaimed concessions. The so-called Company released a Press Statement on the exercise on the 17th May, 2021, that is, a day after the incidence. A lot of furore has been created by persons behind the "Xtra Gold" in an effort ostensibly to court undeserved public sympathy in order to put government in a bad light in its desire to rid the country's landscape of the disgraceful galamsey. It has therefore become only expedient and prudent to interrogate the said Press Statement of the so-called "XTRA GOLD" and pigeonhole these assertions in their proper perspectives. I write this piece in my capacity as the elected Assembly Member of Kwabeng, the operational headquarters of the XTRA GOLD. I am currently in my third consecutive four-year term in that stead as the Assembly Member. I am convinced that I have in depth knowledge of the operations of Xtra Gold. The statement claims that the company is "is a legally large - scale lease holder of 5 concessions and has all the necessary agreement permits to conduct mining operations". By this, one would be quick to conclude that Xtra Gold would have fulfilled all obligations to be a legal entity. Such conclusion may be accurate or inaccurate depending on the nature of facts available to the protagonist. However, for reasons that the Xtra Gold's EPA compliance were so poor, I, in my capacity as the People's Representative, personally, began to investigate the Xtra Gold's competence from the necessary statutory agencies to ascertain their business objectives. I did so due to the amount of devastation they have caused and continue to do to the Kwabeng Community and its environs. Sometime, in November, 2013, I personally engaged the services of Lawyers to conduct a Search on X TRA Gold Mining Limited the results of which revealed that the Xtra Gold Mining Company Ltd was not duly incorporated in accordance with law. The Registrar General revealed in their response to the Search in a letter dated 5th December, 2013, that "Search conducted on records do not show any trace of the company, it appears the said company is not registered at our outfit". I continued with my efforts to get to the bottom of legitimacy of the activities of Xtra Gold for which I applied to the Minerals Commission, to ascertain the person or entity that owned the Mining Lease at Kwabeng. I conducted the said Search at the Minerals Commission sometime in December 2013. The Minerals Commission duly acknowledged my enquiries and responded to same. The Minerals Commission's response to me in January, 2014 revealed that XTRA Gold Mining Limited was the holder of the Kwabeng Mining Lease after it was transferred from Goldenrae Resources Limited. It is interesting that the search also revealed and stated that the Directors of the XTRA Gold Mining to be James Longshore, Victor Nkansah and one Daniel Earle. The Minerals Commission was however categorical that; "This search report issued by the Commission is based on information available to it". I wish to add that the Minerals Commission added to its response to me, the Mining Lease Agreement entered on the 26th day of July 1989 between the Government of Republic of Ghana and Goldenrae Mining Company Limited. In addition, the Minerals Commission added to me a correspondence from the Ministry of Lands, Forestry and Mines, (as it then was) addressed to the Managing Director of a company by name XTRA GOLD RESOURCES CORPORATION, a Canadian Company whose address is Suite 207 251 Davenport, Toronto, ON MSR 119, Canada. The said letter was a response to a letter from the said XTRA Gold Resources Corporation based in Toronto, Canada, dated 11th June, 2004 requesting Government of Ghana's Consent to become a majority Shareholder Controller of Goldenrae Mining Company Limited. The said letter from the Ministry of Lands, Forestry and Mines, and, addressed to "THE MANAGING DIRECTOR, XTRA GOLD RESOURCES CORPORATION" dated October 17, 2005, and, titled "RE: APPLICATION BY XTRA GOLD RESOURCES FOR GOVERNMENT CONSENT TO BECOME A MAJORITY SHAREHOLDER CONTROLLER OF GOLDENRAE MINING COMPANY LIMITED". It was signed by Prof. Dominic K. Fobih, then the sector's Minister. Once again, the contents of the said correspondence are, to the effect, that the Xtra Gold had only, applied for Consent of the Republic of Ghana to be made a Majority Shareholder Controller of Goldenrae Mining Company Ltd. In fact, it is worthy to note that the Government of Ghana was emphatic in its response to Xtra Gold Resources Corporation that; "However, in view of the record of poor performance of Goldenrae since the grant of its two mining leases in 1989, this consent is conditional upon Xtra Gold ensuring that Goldenrae would commence and continue mining operations on its concessions within 2 years from the date of this consent" Similarly, and, with my personal knowledge of companies that had previously carried out mining activities on Kwabeng land, such as Sun Gold Ghana Limited, Goldenrae Mining Limited and Shefford Sharks Mining Limited, I, first conducted a similar Search at the Registrar General's Department on the company of Sun Gold Ghana Limited. The Registrar General in its response to me on the status of Goldenrae Limited said without mincing words that it had no records on Goldenrae. I have been compelled to write this piece only to respond to the allegation that "the company is legally large scale lease holder and has all the necessary agreement permits to conduct mining operations" My checks from the relevant state institutions reveal that XTRA GOLD claims to have come into operational existence in the year 2006. XTRA Gold has been a political chameleon engaged in political shenanigans for survival. Thus, it has been successful in its operations as a result of political leanings. Sometime in or about the year 2013 when I became suspicious of the mining activities and operations of XTRA Gold, I took it upon myself to ascertain its existence and the personalities behind it. My checks revealed that there is no evidence on record, that Goldenrae Mining Company Limited was ever incorporated as a legal entity in accordance with the laws of Ghana. The fact that Goldenrae Mining Company Limited had succeeded in entering into a Lease Agreement with the Government of Ghana did not derogate from the need for the said Goldenrae Mining Company Limited to have been properly incorporated under the laws of Ghana. I wish to say that when Xtra Gold makes such claims, such as, that, "Xtra Gold formerly Goldenrae", such statements are very misleading untruths. The reason, is that, the Xtra Gold Resources Corporation that applied for Government's Consent to be the Majority Shareholder Controller at the time was a foreign company. To be precise, it was a Canadian Company resident in Canada. It was not duly incorporated in Ghana. Also, there is no evidence that Goldenrae Mining Company Limited was changed to Xtra Gold Mining Limited. The only evidence so far giving records I have obtained from the relevant statutory institutions is what is purportedly contained in the purported Resolution which purports to have the then Minister, Prof. Dominic K. Fobih allegedly signing as the Government's authorised representative, a situation on the Resolution appearing to be strange. In fact, once when the Registrar General claimed that Xtra Gold was registered contrary to their earlier correspondence to me that Xtra Gold was not registered, I wrote severally to the Registrar General, the last of which I wrote to the Department on the 30 April 2015. I personally handed over to the Registrar General, where I had put on record to the Registrar General categorically, thus; "Sir, I respectfully want to put on record that if by the expiration of 14 days I do not receive your response to these requests, I will conclude undoubtedly that the contents of your letter dated 15th December, 2014 claiming to have found the relevant information on Xtra Gold Company Limited were untrue and only intent on and made to deceive the general public" Another irony of the Xtra Gold is that it has claimed and continues to claim that it passed a Resolution where Goldenrae Mining Company Limited changed its name from Goldenrae to Xtra Gold pursuant to the then Company Code 1963. That Resolution is supposed to have been passed and dated sometime in November, 2005. What is surprising in the alleged Resolution is particularly that the then Sector Minister of Lands, Forestry and Mines Hon. Prof. Dominic K. Fobih - is said to have signed the Resolution as the Government of Ghana's Authorised Representative. This assertion may be against the rule in that the Government is not a shareholder in the Goldenrae Mining Company Limited, neither is/was Xtra Gold Mining Limited nor XTRA GOLD RESOURCES CORPORATION. I wish to say that granted, which is absolutely denied, that Xtra Gold Mining Company were duly incorporated, it has by itself failed to carry out any mining activity in the area. It has rather engaged the distinct companies, and, sublet the lands to them. These distinct companies' officers will put on the uniform of Xtra Gold to make it appear to the public that they are the staff and production managers of Xtra Gold, when Xtra Gold knows too well that such is only to pull the wool over the eyes of the Community. The modus operandi of the Xtra Gold is that, they by themselves do not engage in the mining activities but have rather sublet portions of the Community's lands to these mining companies. The so called sub-lessees are then made to put on the uniforms of the Xtra Gold to represent and show to the public generally that they are employees of the Xtra Gold when indeed that representation is not true. Another modus of the Xtra Gold operations on the community and on the Republic as a whole, is that, they have carved out certain portions of the Community's lands to other legal entities some of which are KAGYAM MINING Limited, Okoampa Mining Limited, Q8 Mining Company Limited. In fact, the Kagyam Mining Company is owned and directed by Madam Kate Gyamfua who is the National Women's Organiser of the New Patriotic Party. As a consequence of these illegal activities of these mining activities, the Defendants and their agents have succeeded in polluting the entire water bodies in the Community and continue to do so with impunity. They have equally devasted the environment with equal measure of impunity. Similarly, the Xtra Gold and their agents in this illegality, have destroyed the land and crops thus denying some members of the community of their livelihoods. Yet, the Defendants have no policy on reclamation after these their nefarious activities in the area and they have displaced several members of the community. In the same vein, on the 6 July 2018, the Ministry of Lands and Natural Resources suspended the Mineral Right of Xtra Gold Mining Limited for the reason that " the operations of Xtra Gold Mining Limited is causing devastation to the environment". However, and regrettably, though, barely a month after the Ministry's letter suspending the Mineral Right, the same Ministry of Lands and Natural Resources in a letter dated 13th August, 2018, wrote to restore the Mining Right. This is in spite of the fact that, the devastation culminating in the earlier suspension by the same Ministry had not been addressed by the Xtra Gold Mining Limited. Nevertheless, Xtra Gold constantly denied and continue to deny the information that I have garnered from the relevant institutions on the legitimacy of their existence and operations for which I have caused an action to be commenced against it at the appropriate forum. However, since the issue of its legal existence is still a subject matter before the court, I shall rather defer any opinion on same for now in order not to court any contempt proceedings from the revered judicial system. I will rather be happy if Kate will proceed to the law courts to seek redress so that I can challenge her on her allegations, otherwise she should let sleeping dogs lie. It is on the basis of the results of the information gathered that I commenced an action against the Xtra Gold. The Government must, therefore, as a matter of urgency in its drive to rid the country of the debilitating menace of galamsey stop the Xtra Gold from operations completely because per its operations it is the chief Galamsey operator on the Ghanaian landscape. The casualties are the contractors and not Xtra Gold and if any tear is to be shed at all, then the contractors deserve that sympathy. It is an undisputable fact that the rental bills of such heavy earth moving machines takes a greater toll on the finances of the contractors in meeting the 20% target but the Xtra Gold has nothing to bother because rain or shine the 20% is collected. Per the obnoxious contractual agreement between the contractors and Xtra Gold, the company can aptly be described as a legally registered large scale galamsey company. 1% of the 20% is meant to cater for the reclamation of the mined-out lands by the Xtra Gold itself but the quantum of the 1% is siphoned every 3 months to Canada the home of the cheating expatriate bosses of the company, stoutly defended and protected by the local staff who act as collecting agents for the company. The result is that, the entire landscape is overwhelmed with craters of varied sizes and which has claimed a lot of precious but innocent human lives. The contractors only carry out the extraction of the ore and leave the craters, but the Xtra Gold has shirked the reclamation obligations in its entirety. Oteng Adjei Assembly Member-Kwabeng & President Concerned Citizens of the Atewa Landscape Tel: 0244518750 Tel: 0264518750
The Obuasi Gold Mine(OGM) is an open-pit and underground gold mine situated near Obuasi, in the Ashanti Region of Ghana. It is one of the top-9 largest gold mines on Earth. The land is primarily owned by the Asantehene King Osei Tutu II. The mine is in Obuasi Municipal District, which is roughly 39 miles (59.4 kilometers) south-west of regional capital Kumasi. It has remained Africas largest producer of gold with the core configuration and mandate of purchasing gold produced by private companies and small scale gold mining companies to explore export potential and showcase them in the global market. This has positioned Obuasi Gold Mine among the top gold exporter of the world.
Obuasi Gold Mine operates acluster ofwell-established gold mines within Africa and the Head Office being in Ghana, characterized byefficient use ofmodern equipment, low-cost, large-scale processes and minimum reliance onthird-party infrastructure. Focusing onmaximization ofthe potential ofits existing producing assets, the Company iswell-positioned tocapitalize onlow-risk cost-efficient expansion opportunities provided byits operating mines
VANCOUVER, British Columbia, June 02, 2021 (GLOBE NEWSWIRE) -- Asante Gold Corporation (CSE:ASE/ FRANKFURT:1A9/U.S.OTC:ASGOF) (Asante or the "Company") is pleased to announce that Metso Outotec has been engaged as a Principle Project Development Partner to complete a preliminary capital and operating cost estimate on treatment options for processing of free-milling gold from our Kubi Gold Project in Ghana.
Metso Outotec is a frontrunner in sustainable technologies, end-to-end solutions and services for the minerals processing, metals refining and aggregates industries globally. Their focus is on improving energy and water efficiency, productivity, and reducing environmental risk. Headquartered in Helsinki, Finland, Metso Outotec employs over 15,000 people in more than 50 countries.
The Company has completed a drilling program to provide composite samples for metallurgical evaluation of Kubi Main Zone gold mineralization for the study. Metso Outotec will witness the sample preparation at our Kubi core logging facility, and initiate and supervise the test work at SGS Randfontein (South Africa). Final study results are expected in late 3rd Qtr. 2021.
Scientific and technical information contained in this news release has been reviewed and approved by Douglas R. MacQuarrie, P.Geo. (B.C.) Geology & Geophysics, the President and CEO of the Company, who is a "qualified person" under NI 43-101. Recent 3D geophysical modeling of Kubi, located on the major deep seated Ashanti/Kubi shear zone, suggest an exploration potential of 2Moz to a depth of 2km. 3D modeling was completed by Geosci Data Analysis Ltd. of Vancouver on high resolution 100m line spacing helicopter aero-magnetics flown by New Resolution Geophysics in 2010 over the Kubi Dunkwa area, Ashanti Region, Ghana. The Kubi Main Zone has a current NI 43-101 resource estimate, completed by SEMS Exploration Services Ltd. of Accra, Ghana: Measured Resources 0.66 million tonnes @ 5.30g/t for 112,000 ounces; Indicated Resources 0.66 million tonnes @ 5.65g/t for 121,000 ounces; and Inferred Resources 0.67 million tonnes @ 5.31g/t for 115,000 ounces, which is filed on SEDAR. Mineral resources that are not mineral reserves do not have demonstrated economic viability.
Asante has announced plans to co-list its shares on the Ghana Stock Exchange, and is sourcing funding to develop its Kubi Gold Mine project to production. Asante is also exploring its Keyhole, Fahiakoba and Betenase concessions/options for new discoveries, all adjoining or along strike of major gold mines near the centre of Ghanas Golden Triangle. Additional information is available on our web site at: www.asantegold.com
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Against a background of growing demand for gold and rising precious metal prices, gold washing and gold smuggling are on the increase in Ghana. Two stubborn scourges affecting the countrys economy and damaging the environment.
In Ghana, gold smuggling regularly makes the news, leading to the CEO of Ghanas Chamber of Bullion Traders Daniel Krampah issuing a statement on the subject on 10June in a bid to silence a number of rumours about the mining industry.
According to Daniel Krampah,failing to account for gold is administratively impossible for any registered gold company given the gold export frameworks and the rigidity of the customs systems in both Ghana and UAE.
Before any gold leaves the country, the exporting company has to assay the gold in a dedicated laboratory to determine its quantity, quality and value. After these checks, a certificate is issued once all necessary taxes, fees and charges have been paid.
At the destination point, further verifications are conducted based on the documents accompanying the gold. It is impossible for mining operators to avoid these procedures and export gold outside of these established channels.
The aim is to enable customs officers to check and consult the export permits for minerals that have been issued and avoid having to wait to get missing information or having to make a decision based on only partial information.
According to Comtrade, the international trade statistics database, the value of the imports into the UAE (which regularly exceed declared exports) is a good indicator of just how widespread this illegal activity is.
Although most gold is mined by major companies, black-market gold washing, which is rife throughout the subregion, provides an income for millions of artisanal gold washers. The phenomenon has become considerably more widespread over the last few years.
The reason is that unregulated mining is responsible for 25% of all of the local vegetation that has been destroyed over the past 15years, and using mercury to form mercury-gold amalgam with smaller gold particles leads to long-term water and soil contamination, resulting in serious health problems.Get in Touch with Mechanic