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Akyem mine expects 350,00 ounces in five years

  • SOURCE: | qwesa2big
  • NEWMONTNewmont Ghana says gold production outlook from its Akyem Me is expected to reach approximately 350,000 ounces in the next five years.

    Akvem Mine, with an estimated 7.4 million equity ounces of gold reserves located in the Birim North District of the Eastern Region, has successfully achieved commercial production on-budget and on-schedule.

    Akyem announced it achieved the major milestone when it successfully poured its first gold bar last month.
    “I would like to thank our employees, business partners and host communities for the important role they played in bringing this project into production safely and responsibly,” Dave Schummer, Regional Senior Vice President said in a statement.

    “As Akyem moves into operation, we remain committed to work in partnership with our employees, communities and government to bring world-class environmental and community development practices to our host communities and to Ghana as a whole,” he said.

    The Akyem operation has established comprehensive social investment programmes in the areas of education, health care, infrastructure, job-training and small business development.

    From the commencement of construction in the first quarter of 2011, Akyem employed more than 4,200 people who worked a combined 16.9 million hours with a strong safety performance.

    The mine will,employ about 1,300 employees and contractors. Newmont Ghana has also agreed with the mine area communities to source a significant number of Akyem’s workforce from its host communities.

    Newmont Ghana is committed to being a significant contributor to national development through applying high environmental practices, safety measures, and social responsibility as the company strives to be, the most valued and respected mining company through industry leading performance.

    The project has about 15 years mining life, and is expected to produce about 50,000 ounces of gold by end-2013 mine operations.

    Newmont views its Africa region as a growth-engine for the company, and the Board’s decision on Akyem reflects confidence in building on its successes in Ghana.

    The company expects Akyem to add to its production base and payrolls while exhibiting leadership in safety , environmental stewardship and social responsibility.

    Source: Ekow Essabra-Mensah/B&FT

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