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The sale of Akyem is part of Denver-based Newmont's effort to raise $2 billion in cash through divestitures in the wake of its acquisition of Newcrest Mining Ltd. in November. On top of Akyem ...
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Zijin Mining Group Co. has bought the Akyem gold project in Ghana for as much as $1 billion in cash as the state-owned firm looks to add resources to meet its aggressive output targets. The purchase from US-based Newmont Corp. will allow China's largest listed metals producer to mine high-grade ore bodies from one of the world's major gold belts, Zijin said in a …
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Newmont Golden Ridge Limited (the "Company"), a subsidiary of Newmont Mining Corporation, is proposing to mine gold reserves at the Akyem Gold Mining Project (the "Project") site in the Birim North District of the Eastern Region of Ghana, West Africa (Figure 1-1). The Project is located approximately 3 kilometres west of the district ...
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US-based gold giant Newmont has reached an agreement to sell its Akyem mine in Ghana to Chinese mining firm Zijin Mining for up to $1 billion in cash. ... with plans to invest between $950 million and $1 billion in developing the Ahafo North gold mining project in …
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US-based gold major Newmont has agreed to sell its Akyem mine, in Ghana, to Chinese mining giant Zijin Mining for up to $1-billion in cash. The sale forms part of the miner's ongoing strategy to ...
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The Institute of Economic Affairs (IEA) has strongly opposed the planned sale of Newmont's Akyem Gold Mine to China's Zijin Mining Group for $1 billion.
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AKYEM GOLD MINING PROJECT PROPOSED GOLD MINE EASTERN REGION, GHANA. 2 7 F E B R U A R Y 2 0 0 9. N. EWMONT. Newmont Golden Ridge Ltd. Accra, Ghana. CASE STUDY AKYEM PILOT BBOP PROJECT . Akyem Gold Mining Project Eastern Region, Ghana . Prepared for: Newmont Golden Ridge Limited C825/26 Lagos Avenue
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Zijin Mining will buy ownership of the Akyem Gold Mine, one of Ghana's largest gold mines, for USD 1 billion. The acquisition marks Zijin Mining's seventh gold mine acquisition since 2020, aiming to boost its production.
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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.
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Formerly known as Kenbert or Akim project, Akyem was part of Newmont's acquisition of Normandy Mining in 2002. Gold production commenced in 2013. Akyem was developed as an owner operated open pit operation with a mine life of 15 years. The accompanying analysis is based on a carbon-in-leach (CIL) plant with a nameplate capacity of …
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Akyem Archive. Akyem Archive. Join us at The Electric Mine 2025. The Electric Mine 2025; ... Newmont goes for CEP renewable solution at Akyem gold mine in Ghana. ... has announced that Newmont Mining will use its redeployable Nomad solar... Read More. International Mining, Team Publishing Ltd 2 Claridge Court, Lower Kings Road, Berkhamsted ...
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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 ...
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The purchase of Akyem is Zijin Mining's seventh gold mine acquisition since 2020, reflecting its ambition to expand its gold production capabilities. The Akyem Gold Mine holds gold resources of 54.4t with a high average grade of 3.36g per tonne (g/t), gold reserves of 34.6t at an average grade of 1.35g/t and an additional 83t as underground ...
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The Akyem Gold Project is located in the Birim North District of the Eastern Region of Ghana; 133 kilometres northwest of the capital city of Accra. Akyem is a greenfield 8.5 Mtpa gold process plant with associated reagents and utilities; …
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Zijin Mining has announced the acquisition of the Akyem Gold Mine in Ghana from Newmont in a $1bn (7.08bn yuan) deal. The Akyem mine, one of Ghana's largest gold operations, has been producing gold since …
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China's Zijin Mining Group (601899.SS), will buy the Akyem Gold Mine Project in Ghana from U.S. based Newmont Corp (NEM.N), for $1 billion, the companies said on Wednesday.
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Newmont Golden Ridge Limited (the "Company"), a subsidiary of Newmont Mining Corporation (Newmont) and formerly known as Golden Ridge Resources Limited (GRRL), is proposing to mine gold at the Akyem Gold Mining Project (the "Project") site in the Birim North District of the Eastern Region of Ghana, West Africa (Figure 1-1). The Project is
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Shandong Gold Mining and Zijin Mining Group are among the early contenders expressing interest in the Akyem asset. Chifeng Jilong Gold Mining is also evaluating the Akyem mine, while Australian mining company Perseus Mining said last month that it would consider acquiring the asset. In 2022, Akyem reported annual gold production of 420,000oz.
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Newmont remains committed to Ghana including the investment of $950 million to $1,050 million of development capital in the Ahafo North gold mining project in the Ahafo region of Ghana. Newmont obtained the mining …
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Gold producer Newmont Mining Corp's (NMC.TO: Quote) board has approved funding for its estimated 7.2 million ounce Akyem gold reserve project, the company said in a statement on Thursday.
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It was proposed that Gold Source International shall acquire of the equity interest in the Target Company held by Newmont for a purchase price of USD1 billion (the "Transaction"). …
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The news: Gold mining giant Newmont has agreed to sell its Akyem operation in Ghana to China's Zijin Mining Group for up to US$1 billion ($1.48 billion). The numbers: Under the terms of the agreement, Newmont is expected to receive a cash consideration of US$900 million upon closing. A further US$100 million is expected to be received upon the satisfaction of …
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CHINA'S Zijin Mining Group is to buy the Akyem Gold Mine Project in Ghana from US miner Newmont Corp. for $1bn, said Reuters citing an announcement from the companies on Wednesday.. The sale is a part of Newmont's ongoing programme to divest non-core assets as the company makes a strategic shift to focus on its tier one assets, said Reuters.
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Newmont (TSX:NGT,NYSE:NEM) has entered into a definitive agreement to sell its Akyem gold mining operation in Ghana to Zijin Mining Group (OTC Pink:ZIJMF,SHA:601899) for up to US$1 billion.The ...
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Zijin Mining Group 601899 3.07 % increase; green up pointing triangle will buy Newmont's equity interest in the Akyem Gold Mine Project in Ghana, the Hong Kong-listed miner said Wednesday.
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DENVER--(BUSINESS WIRE)-- Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) ("Newmont" or the "Company") has announced today it will sell its …
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Newmont (NYSE:NEM) said Tuesday it agreed to sell its Akyem gold mine project in Ghana to China's Zijin Mining (OTCPK:ZIJMF) (OTCPK:ZIJMY) for up to $1B in cash, part of the U.S. company's plan to ...
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Newmont remains committed to Ghana including the investment of $950 million to $1,050 million of development capital in the Ahafo North gold mining project in the Ahafo region of Ghana. Advisers ...
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Newmont (TSX: NGT,NYSE:NEM) has entered into a definitive agreement to sell its Akyem gold mining operation in Ghana to Zijin Mining Group (OTC Pink: ZIJMF,SHA:601899) for up to US$1 billion.
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Ghana's Akyem Gold Mine Project will be acquired for $1 billion in deal announced Wednesday By TIM ZYLA OCTOBER 9, 2024 15:28 Chinese group to purchase mine project from U.S.-based Newmont ...
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