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Newmont sells Akyem mine in Ghana to Zijin Mining for $1 billion, while maintaining focus on its Ahafo North project ... with plans to invest between $950 million and $1 billion in the development of the Ahafo North gold mining project in the Ahafo region. Palmer added that the successful completion of the Akyem sale strengthened Newmont's ...
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Gold mining major Newmont will put up for sale six mines and two projects, optimising its portfolio to focus on ten tier-one assets that will produce 6.7-million gold ounces by 2028. The six mines ...
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On Tuesday, Newmont Corporation (NYSE:NEM) disclosed the sale of its Akyem operation in Ghana to Zijin Mining Group for up to $1 billion in cash. This divestment aligns with Newmont's strategy ...
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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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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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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 Akyem deposit lies within a shear zone created by gradational contact between Birimian sedimentary rocks and the mafic metavolcanic rocks on the northern portion of the gold-bearing East Ashanti Belt in Ghana. The deposit is estimated to contain 7.4million ounces (moz) of proven and probable gold reserves as of Dec…
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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 lease for Akyem in …
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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. Newmont ...
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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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The Akyem Mine, located in the Birim North district of the Eastern region of Ghana, was conceived through exploration activities by Normandy Mining in the ... (kWp), providing energy support for camp accommodation and …
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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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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. The IEA argues that the sale undermines Ghana's economic interests and violates key terms of the mine's lease agreement, set to expire in January 2025.
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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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American gold mining company, Newmont Corporation (NEM) has agreed to sell its Akyem Gold Mine project in Ghana to China-based Zijin Mining Group (HK:2899) (ZIJMF) for $1 billion cash. Akyem is ...
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The Akyem mine operates within 10 host communities in the Birim North District of Ghana's Eastern Region namely: Adausena, Yaw Tano, Old Abirem, New Abirem, Hweakwae, Tano, Afosu, Mamanso, Ntronang and Yayaaso. ... More than 50 infrastructure projects, including schools, roads, clinics and water projects have been constructed and handed over ...
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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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The Target Company owns of the Akyem Gold Mine project in Ghana. Contractors - subscription is required. Source. Deposit type. Orogenic; Vein / narrow vein; Summary: The Akyem mine is an orogenic gold deposit that has oxide and primary mineralization. The ore deposit extends over 2.5 kilometres long, and is localised along a southeast ...
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American gold mining company, Newmont Corporation (NEM) has agreed to sell its Akyem Gold Mine project in Ghana to China-based Zijin Mining Group (HK:2899) (ZIJMF) for …
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"The sale of Akyem represents continued progress on ... to Ghana including the investment of $950 million to $1,050 million of development capital in the Ahafo North gold mining project in the ...
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China's Zijin Mining Group has agreed to purchase the Akyem gold mine project in Ghana from US-based Newmont Corporation for $1 billion, furthering its expansion into Africa's gold mining sector.
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The decision to sell the Akyem mine is part of Newmont's broader strategy to streamline its portfolio and generate liquidity, particularly following its acquisition of Newcrest Mining Ltd. in November. ... Her diverse expertise encompasses areas like writing, strategic project management, and visionary leadership. Committed to elevating ...
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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 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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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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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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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.
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33. In a move to bolster its global resource portfolio, China's Zijin Mining Group has purchased the Akyem gold project in Ghana from US-based Newmont Corporation. The $1 billion cash acquisition marks another significant investment by Zijin, as the state-owned company seeks to enhance its output to meet aggressive production targets in the coming years.
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The Akyem Project is a gold mine in Ghana. It is currently in operation. Empower your strategies with our Akyem Project report and make more profitable business decisions. Note: This is an on-demand report that will be delivered upon request. The report will be delivered within 2 to 3 business days of the purchase, excluding weekends and holidays.
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Newmont obtained the mining lease for Akyem in 2010 and began commercial production in 2013. In 2017, the Ghana Investment Promotions Center (GIPC) named Akyem the best company in Ghana for the second consecutive year. ... the funds have been allocated to infrastructure projects, scholarships and a number of community development initiatives ...
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