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Chinese group to purchase mine project from U.S.-based Newmont
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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Akyem gold mine Report | Wood Mackenzie
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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Newmont Divests Akyem Gold Mine to Zijin Mining in US$1 Billion …
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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Akyem Project
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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Akyem Gold Mine, Ghana
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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China's Zijin Buys Ghana Gold Mine From Newmont for $1 Billion
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 Announces Definitive Agreement to Divest Akyem for …
"The sale of Akyem represents continued ... 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 ...
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Newmont to sell Ghana gold project to Zijin Mining in $1B deal
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 Sells Akyem Mine in Ghana to Zijin Mining for Up to $1 …
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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10.0 CONCLUSION
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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Chinese companies vie for Newmont's Akyem gold mine
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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Major Mines & Projects | Akyem Mine
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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Zijin Mining to Acquire Akyem Gold Mine in Ghana for US$1 Billion
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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2.0 PROJECT DESCRIPTION
Project Description 2-1 2.0 PROJECT DESCRIPTION As indicated in Section 1.0 (Introduction), the Company proposes to develop a gold mine at the Akyem Gold Mining Project (Project) site in the Birim North District of the Eastern Region of Ghana. The primary components associated with the proposed Project are illustrated on Figure 2-1 and include:
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Newmont's board approves funding for Akyem gold project
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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Akyem Gold Project
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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Newmont puts six mines, two projects on the block
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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China's Zijin to buy Akyem for $1bn
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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Zijin Mining Acquires Ghana's Akyem Gold Mine For $1 Billion
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 …
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Zijin to buy Newmont's Akyem Gold Mine in Ghana for …
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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Zijin Mining buys Newmont's Ghana gold project for …
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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Zijin Mining to buy Newmont's Ghana Gold Project for …
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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Zijin Mining Group to buy Akyem Gold Mine Project
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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Zijin to buy Newmont's Akyem Gold Mine in Ghana for $1bn
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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Newmont Offloads Akyem Gold Mining Project for $1B
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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Reject flawed Newmont-Zijin deal; sell Akyem Mine to local …
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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Chinese Mining Giant Acquires $1 Billion Gold Mine in Ghana
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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Newmont Announces Definitive Agreement to Divest Akyem for …
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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Akyem – Africa | Newmont Corporation – Operations …
Newmont obtained the mining lease for Akyem in 2010 and began commercial production in 2013. ... The Akyem layback project has the potential to extend the life of surface mining operations and provide a stable operating platform for …
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Announcement in relation to Acquisition of the Akyem Gold …
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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