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Gold has been central to the country's economy for decades. In 2023, Ghana produced around 4.2 million ounces of gold, contributing to approximately 4% of the world’s total output. The main gold-producing regions are Ashanti, Western, and Eastern regions, with major players including Newmont, Gold Fields, AngloGold Ashanti, and Kinross Gold ...
Gold mining in Ghana has a long history, dating back to the 10th century when the region was part of the ancient Ghana Empire. Commercial gold mining began in the early 19th century, with Europeans establishing several mines during the colonial period. [1] [2] [3] The first documented large-scale mining operation in Ghana was at Obuasi, where ...
With the sale of Ravenswood, Resolute's remaining mines were now only in Africa. [13] Resolute also attempted to sell the Bibiani Gold Mine to China-based Chifeng Jilong Gold Mining for US$105 million. [14] However, the deal was cancelled by Chifeng Jilong after the government of Ghana cancelled Resolute's lease for the Bibiani mine in 2021. [15]
The Chirano Gold Mine is located in southwestern Ghana, approximately 100 kilometres southwest of Kumasi, Ghana's second-largest city. [2]Chirano was explored and developed from 1996 by Red Back Mining NL, an Australian company that moved to a Canadian listing in April 2004.
In 1994, the Ghana government, the majority shareholder, announced plans to sell 20-25 percent of its interest in AGC in a share flotation. The company was listed on the London and Ghana stock exchanges. It was the largest flotation ever organised by any gold mining company coordinating and advisory team alone numbered over 200 people.
The Tarkwa mine is one of the largest gold mines in the Ghana and in the world. [1] The mine is located in the south-west of the country in the Western Region. [1] The mine has estimated reserves of 15.1 million oz of gold. [1]