By Kofi Ahovi
Newmont Gold Ghana Limited has announced its intentions to start exploration work at the Subika pit at Ahafo South in the Asutifu South District of Brong Ahafo Region.
The company, awaiting exploration license from the Environmental Protection Agency (EPA), plans to start an underground mine at the pit. It hopes to start exploration as soon as it gets the license.
Regional Manager, Communications, Adiki Ayitevie, speaking to Business Week, was very hopeful of the Subika pit and Newmont’s future, saying preliminary feasibility studies shows good prospects at the pit.
In a related development, Newmont expects its first outpour of gold by 2014 at the Akyim mine in the Eastern Region. The company has received its environmental permit and mining lease from EPA and Minerals Commission respectively.
Currently, it is completing the valuation of crops and structures of inhabitants, while in some cases, it has started paying compensation to some.
Ayitevie noted that, even though it has completed negotiations with property owners, additional field work is ongoing to establish right of ownership of certain crops and structures.
Newmont Mining Corporation, the parent company of Newmont Ghana, was recently ranked 16th on Corporate Responsibility (CR) Magazine’s 100 Best Corporate Citizens List.
Newmont’s latest showing improves on the 2009 rankings in which the company placed 39th on the list. Newmont Ghana’s efforts to consistently pursue sustainable, socially and environmentally responsible mining, along with similar efforts by Newmont’s other global operations, contributed to this recognition from CR Magazine.
Newmont Gold Ghana Limited has announced its intentions to start exploration work at the Subika pit at Ahafo South in the Asutifu South District of Brong Ahafo Region.
The company, awaiting exploration license from the Environmental Protection Agency (EPA), plans to start an underground mine at the pit. It hopes to start exploration as soon as it gets the license.
Regional Manager, Communications, Adiki Ayitevie, speaking to Business Week, was very hopeful of the Subika pit and Newmont’s future, saying preliminary feasibility studies shows good prospects at the pit.
In a related development, Newmont expects its first outpour of gold by 2014 at the Akyim mine in the Eastern Region. The company has received its environmental permit and mining lease from EPA and Minerals Commission respectively.
Currently, it is completing the valuation of crops and structures of inhabitants, while in some cases, it has started paying compensation to some.
Ayitevie noted that, even though it has completed negotiations with property owners, additional field work is ongoing to establish right of ownership of certain crops and structures.
Newmont Mining Corporation, the parent company of Newmont Ghana, was recently ranked 16th on Corporate Responsibility (CR) Magazine’s 100 Best Corporate Citizens List.
Newmont’s latest showing improves on the 2009 rankings in which the company placed 39th on the list. Newmont Ghana’s efforts to consistently pursue sustainable, socially and environmentally responsible mining, along with similar efforts by Newmont’s other global operations, contributed to this recognition from CR Magazine.
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