Mining firm, Newmont Ghana, is set to begin commercial operations at its Akyem mines in the Eastern Region from October this year.
The Mining firm has already invested $1.1 billion in the project which is expected to produce about 450 thousand ounces of gold in the first five years.
The mine is estimated to have reserves of about 7.7 million ounces of gold.
Adiki Ayitevie, Director of External Affairs and Communications told Joy Business plans to begin mining in the Eastern Region shows that the company is "committed to being in the country for the long term."
She said the firm is always willing to partner with Government and people to bring sustainable value and opportunity to all stakeholders.
Newmont will have two major mining projects in the country when it begins operations in October in the Eastern Region.
Newmont Ghana currently mines at the Ahafo project in the Ashanti Region.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
Latest Stories
-
Wa Youth Resource Centre to boost skills development – Sports Minister
2 mins -
Today’s front pages: Wednesday, December 4,2024
5 mins -
Impasse in parliament affecting completion of debt restructuring agreement with IPPs – Finance Minister
31 mins -
How does the new Club World Cup work, and why is it so controversial?
57 mins -
Nana Kwame Bediako proposes construction of more state-owned football academies
1 hour -
Watching football frequently is a waste of time – Nana Kwame Bediako
2 hours -
‘We have wasted taxpayers money’ – Herbert Mensah on Ghana’s sporting decline
2 hours -
No African-based quality; achieve international healthcare standards with local solutions – SafeCare Founder
3 hours -
UHC alone insufficient without quality healthcare – PharmAccess CEO warns
3 hours -
CHAG to receive GH¢2.2bn boost; GH¢110m earmarked for 2025 recruitment – MoH
3 hours -
Ghana Industry CEO Awards: Bright Ladzekpo is Most Respected Advertising CEO
3 hours -
Video: Fatawu Issahaku joins Leicester dressing room celebrations after win over West Ham
3 hours -
Kempinski lights up the festive season in grand style
3 hours -
‘We’ll seal every ballot box’ – NDC’s Tanko-Computer slams Ashanti Regional EC boss for blocking party seals
4 hours -
39 CHAG facilities achieve SafeCare Level 4 – Executive Director
4 hours