information on reclamation bond in ghana s gold mining

Mining 2021 - Ghana | Global Practice Guides | Chambers ...

At the end of 2019, Ghana grabbed the top spot from South Africa for gold production after mining more than 142.2 metric tonnes of gold in 2019. GDP from mining in Ghana for the first quarter of 2020 was GHS7,044.03 million and decreased to …

Xtra-Gold Announces Updated Mineral Resource Estimate for ...

Xtra-Gold Announces Updated Mineral Resource Estimate for Its Kibi Gold Project in Ghana, West Africa 623,700 Oz. Au in Indicated Category and 180,700 Oz.

Ghana: Gold Fields Damang Mine Turns Reclaimed Land Into ...

Damang, Western Region, Ghana, September 21, 2019//-Gold Fields Damang Mine has turned its reclaimed land into profitable uses, according to senior executives of the gold mining giant. The Manager of Goldfields Damang Mine, Michiel Van Der Merwe who revealed this when some members of the Parliamentary Select Committee on Mines and Energy toured …

Ghana for Gold, Part 2: Obstacles Today - Investing News

As Africa’s new largest gold producer, Ghana has plenty going for it with many big mining names operating there thanks to a relatively stable political environment and a friendly business ...

Gold SWOT: Biggest Gold-Buying Day of the Year Following ...

Chifeng Jilong tried to buy the Bibiani Mine in Ghana from Resolute Mining for $105 million earlier this year but ran into problems with the mining lease; Asante Gold ended up buying Bibiani for $90 million. In less than three years, nine producers/mines and ten pre-production companies/projects that have been acquired in the region.

Ghana Mine Closure - Case Study - FurtherAfrica

Ghana's world-class gold mining industry is well established. Numerous in-country mine-related regulations and requirements are enforced in FY 2019; however, post-closure requirements are less well regulated and generally only meet the minimum standards required by financiers of the mining operation.

AngloGold Ashanti inaugurates Closure Consultative ...

The Inauguration of a Closure Consultative Committee (CCC) by Obuasi Mine is the first in the mining sector in Ghana. AngloGold Ashanti Ghana, Obuasi Mine, has inaugurated a committee that will see to the implementation of requirements enshrined in the Reclamation Security Agreement (RSA), which was part of the Obuasi Redevelopment Agreement.

Golden Star Completes Sale of the Bogoso-Prestea Gold Mine ...

October 1, 2020, 4:00 AM PDT. Golden Star Completes Sale of the Bogoso-Prestea Gold Mine to Future Global Resources Canada NewsWire TORONTO, Oct. 1, 2020 TORONTO, Oct. 1, 2020 /CNW/ - Golden Star ...

Detecting Gold Mining in Ghana - NASA

The image above shows gold mining encroachment in the Upper Wassaw Forest Reserve, a habitat for the green-tailed bristlebill and Tai Forest treefrog, which are classified as species of conservation concern.The image was captured on April 30, 2020, by the Operational Land Imager (OLI) on Landsat 8. Out of 28 protected areas in southwestern Ghana, Upper …

Golden Star Completes Sale of the Bogoso-Prestea Gold Mine ...

Technical Information Additional technical information regarding Bogoso-Prestea is available in the technical report for the property titled "NI 43-101 Technical Report on Resources and Reserves, Golden Star Resources, Bogoso/Prestea Gold Mine, Ghana" effective date December 31, 2017, available at

MINERALS AND MINING POLICY OF GHANA

Minerals & Mining Policy of Ghana 2.0 Overview of Ghana's Minerals and Mining Sector Ghana is well endowed with substantial mineral resources, the major ones being gold, diamonds, manganese and bauxite. Gold is the predominant mineral produced in the country accounting for over 90% of all mineral revenues annually over the past two decades.

Golden Star Resources : Completes Sale of the Bogoso ...

TORONTO - Golden Star Resources Ltd. GSE: GSR) is pleased to announce that it has completed the sale of its 90% interest in the Bogoso-Prestea Gold Mine in Ghana to Future Global Resources... | November 12, 2021

Golden Star Completes Sale of the Bogoso-Prestea Gold Mine ...

The initial $5 million cash consideration due at closing has been deferred by up to six months to March 30, 2021 pending finalization of FGR's reclamation bonding process, as described below.

Governance challenges of small-scale gold mining in …

This section begins by presenting the legal framework of Ghana's mining sector (section 4.1). In assessing its implementation, section 4.2 presents the roles of actors within the processes involved in the artisanal small-scale gold mining value chain, with section 4.3 addressing their perceived

Environmental Justice In Ghana - Ambassador report - Our ...

Hopefully, it will help bring about a situation in which the Ghanaian nation need no longer depend on continued investment in the Ghanaian economy, by the players in the gold mining sector - which in over 100 years of exploiting Ghana's gold deposits, has never created the Ghanaian equivalent of a city such as Johannesburg.

Mining Law 2022 | Laws and Regulations | Ghana | ICLG

The holder of a mining lease is also required to post a reclamation bond based on an approved work plan for reclamation. In the case of mining operations, the holder of the mining rights who undertakes mining operations …

Financial reporting in the mining industry International ...

effectively. For more information or assistance, please do not hesitate to contact your local office or one of our specialist mining partners. Tim Goldsmith …

PRESS RELEASE - ROMEX Mining

Operator defaults, including failure to pay royalties owing to the Ghana government and to Romex, failure to post a reclamation bond and occupation of the property. In addition, illegal miners or "Galamsay" have invaded the Mpeasem area and are currently mining gold in the near surface alluvials.

Technical Report on Reclamation of Small Scale Surface ...

Small scale mining activities which involve surface mining is an acceptable means of mineral exploitation in Ghana but has serious environmental consequences. Although a number of laws and research papers have been written on restoration after a piece of land has been mined, not much detail is provided on the actual processes involved. This review paper attempts a look at …

Golden Star - Golden Star Announces Amendment of Agreement ...

Golden Star is an established gold mining company that owns and operates the Wassa underground mine in the Western Region of Ghana, West Africa. Listed on the NYSE American, the Toronto Stock Exchange and the Ghanaian Stock Exchange, Golden Star is focused on delivering strong margins and free cash flow from the Wassa mine.

Landsat Image Gallery - Detecting Gold Mining in Ghana

Golden Star Completes Sale of the Bogoso-Prestea Gold Mine ...

$5 million of cash is payable on the earlier of (i) the date at which FGR puts in place a new reclamation bond with the Environmental Protection Agency, or (ii) March 30, 2021; $10 million of cash ...

Mining News

Pursuant to the terms of the Amendment Agreement, FGR will put in place a reclamation bond in respect of its environmental rehabilitation obligations for Bogoso-Prestea, and pay to the Environmental Protection Agency of Ghana (the "EPA") the amount agreed with the EPA by no later than March 30, 2021 or such later date (or dates, as applicable ...

Traditional leaders appeal for reclamation bond for small ...

Some traditional leaders in the Asante-Akim Central Municipality and Amansie West District of Ashanti are advocating for government to introduce a reclamation bond in the small-scale mining sector.

Rehabilitation and Greening of Mine-Degraded Farmland ...

agricultural landscapes affected by alluvial gold mining in the Eastern Region of Ghana. Objective Reclaim/rehabilitate/restore at least 5,000 ha of mining-degraded land in 20 major communities in the Fanteakwa District and the East Akyem Municipality of the Eastern Region to thier pre-disturbance status by year 2020.

Good Governance Africa Policy Brief Small-scale mining ...

both legal and illegal (galamsey) generates over 30% of Ghana's gold exports. While the current laws and regulations give some formality to small-scale mining, over 70% of those engaged in small-scale mining in Ghana are unlicensed and undocumented. It is also estimated that the small-scale mining sector employs close to a million people.

Newmont Ahafo Mine reclamation: A worthy project to save ...

Newmont Ahafo Mine reclamation: A worthy project to save disturbed ecosystems [Article] Gold mining and trading in Ghana started somewhere in the seventh century. The then-Gold Coast produced about 35% of the world's total gold production between 1493 -1600. Ghana's mining industry accounts for 5-10% of GDP and 45% of total exports.

Analyzing the effect of Akoben programme on the ...

Ghana is one of the leading producers of gold for the world market (USA Gold, 2014), a country which was once called the Gold Coast because of its abundance of this precious mineral. Thus, to propel economic growth, extraction of gold has been extensive in the country, as has its accompanying side effect of environmental pollution.

Mine Reclamation - ProjectsIQ

Mine reclamation is the process of restoring land that has been mined to a natural or economically usable state. The goal of mine reclamation is to create useful landscapes that restore ecosystems, allow for the creation of industrial and municipal resources, and minimise and mitigate the negative environmental effects of mining, particularly ...

Rehabilitation bonds - Earth Resources

Bond review periods are established based upon a risk assessment of the operation. Mining licensees will be required to provide an annual self-assessment of the rehabilitation liability of an operation as required under the Mineral Resources (Sustainable Development) (Mineral Industries) Regulations 2019. 4.3 Third party costing

Ghana government secures $103m for reclamation of degraded ...

The Government has secured $103 million from the World Bank for the rehabilitation and reclamation of abandoned mined sites and degraded forest areas across the country. Dr Henry Kwabena Kokofu, Executive Director of the Environmental Protection Agency (EPA), stated this when he appeared before the Public Accounts Committee of Parliament to …

EPA surcharged GH¢524,300 over small-scale miners' non ...

The Audit Service however observed in its 2020 report on regulating reclamation activities at small-scale mining sites that about 12 small-scale miners had not paid bond amounts totalling GH¢524,300.00 but were allowed to operate. "We noted that EPA did not administer posting of reclamation bonds as required by Regulation 23 of the ...