China's Zijin Mining Group is set to buy the Akyem gold mine project in Ghana from US-based Newmont Corp for US$1B, the companies said on Wednesday. The sale is part of Newmont's ongoing efforts to divest its non-core assets as …
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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 (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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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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China's Zijin Mining Group acquires the Akyem gold mine from Newmont Corporation in a $1 billion deal, planning to extend operations until 2042. The acquisition is part of Zijin's strategy to boost global gold production, while …
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Zijin Mining Group 601899 0.88 % 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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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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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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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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The acquisition is part of Newmont's strategic decision to divest its non-core assets, allowing it to focus on its tier one operations. Zijin's subsidiary, Gold Source International, will take ownership of the Akyem project through this transaction, which is expected to close in the fourth quarter of 2024, pending regulatory approvals.
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of the Akyem Gold Mine project in Ghana (the "Akyem Gold Mine"). The Transaction was considered and unanimously approved at the fourteenth extraordinary meeting in 2024 of the eighth term of the board of directors of the Company. The T ransaction does not constitute a connected transaction or a material asset restructuring.
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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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The Institute for Economic Affairs (IEA) says the planned sale by US-based Newmont Company of its Akyem Gold Mine Project in Ghana to China's Zijin Mining Group for US$1.0 billion is "flawed in several respects, inimical to Ghana's interest and unacceptable." In a statement, the IEA notes that the project lease was signed between the Ghana Government …
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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 Akyem is an open pit gold mine located in one of the world's major gold metallogenic belts. Based on a comprehensive review of the Company's portfolio of assets following the Newcrest acquisition, the Company's Board of Directors approved a portfolio optimization program to divest six non-core assets and a development project in ...
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Akyem Gold Mining Project November 2008 FINAL EIS . Conclusion 10-2 developed into an asset, if creative thought is applied to how such a source of water can be used in a post-mine environment. Discussions have been initiated with relevant institutional
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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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Akyem is an open-pit gold mine located in Birim North District in the Eastern region of Ghana, the seventh biggest gold producing country in the world. The mine is wholly-owned and operated by Newmont Mining Corporation, and commenced production in October 2013. ... Newmont received mining lease for the project in 2010 and developed it with an ...
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Akyem Gold Mining Project November 2008 FINAL EIS . Assessment of Impacts 4-2 A detailed accounting of the Scoping Meeting and the various stakeholder consultations made by the Company (as well as outcomes) is included in Section 9.0 (Consultations).
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The Akyem gold mine project is a significant venture that promises to enhance Zijin Mining Group's presence in the gold mining industry. Introduction to Zijin's Expansion Plans. Zijin Mining Group, a leading global mining company, has recently announced its ambitious expansion plans. The company has set its sights on increasing its gold ...
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Newmont's Akyem operation is located in Ghana in the Birim North District of the Eastern Region, approximately 111 miles northwest of the capital city of Accra. Newmont obtained the mining lease for Akyem in 2010 and began commercial …
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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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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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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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Akyem is a greenfield 8.5 Mtpa gold process plant with associated reagents and utilities; tailings storage dam; water storage dam; power connection and transmission from the regional power grid (via a 105km 132kV line), as well as …
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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; tailings storage dam; water storage dam; power connection and transmission from the regional power grid ...
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Tarkwa is a vital asset in West Africa's gold sector, playing a crucial role in Ghana's gold production strategy. Akyem Project. Newmont's Akyem Mine, located in Ghana's Eastern Region, has been operational since 2013, producing an …
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Zijin Mining Group will buy the equity interest of Newmont in the Akyem Gold Mine Project in Ghana, the Hong Kong-listed miner said Wednesday. The operation is one of the largest gold mines ...
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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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