Newmont Announces Sale of Musselwhite for up to $850 Million

DENVER--(BUSINESS WIRE)-- Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) ("Newmont" or the "Company") announced today that it has agreed to sell its Musselwhite operation in Ontario, Canada, to Orla Mining Ltd ("Orla") for up to $850 million in total consideration. Under the terms of the agreement, Newmont will receive cash …

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Newmont Announces Definitive Agreement to Divest Akyem for …

DENVER--(BUSINESS WIRE)--Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) ("Newmont" or the "Company") has announced today it will sell its Akyem operation in the Republic of ...

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Going for Gold: Newmont and the Akyem Mining Project in

Newmont entered Ghana in 2002 through the acquisition of Australian-headquartered Normandy Mining Limited which previously owned the Ahafo and Akyem exploration projects. Following the acquisition, the company signed an investment agreement with the Government of Ghana to first develop the Ahafo Mine in the Brong Ahafo Region, commencing ...

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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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Newmont Announces Definitive Agreement to Divest Akyem for …

"The sale of Akyem represents continued progress on ... 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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Perseus expresses interest in Newmont's Ghana mine …

Australian miner Perseus Mining will be interested in acquiring the Akyem mine, in Ghana, chairperson and CEO Jeff Quartermaine said on Friday. This follows Newmont's announcement on Thursday of ...

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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 Mine

The Akyem deposit lies within a shear zone created by gradational contact between Birimian sedimentary rocks and the mafic metavolcanic rocks on the northern portion of the gold-bearing East Ashanti Belt in Ghana. The deposit is estimated to contain 7.4million ounces (moz) of proven and probable gold reserves as of Dec…

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Newmont Announces Definitive Agreement to Divest Akyem for …

Newmont Corporation has announced today it will sell its Akyem operation in the Republic of Ghana to Zijin Mining Group Co., Ltd. under a definitive agreement, for cash consideration of up to $1 ...

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Akyem Mine – Past, Present, and Future

The Akyem Mine, located in the Birim North district of the Eastern region of Ghana, was conceived through exploration activities by Normandy Mining in the ... (kWp), providing energy support for camp accommodation and related facilities. The mine's tyre retreading project, being implemented in partnership with Kaltire, promotes the reuse of ...

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Newmont Announces Definitive Agreement to Divest Akyem for …

DENVER-- (BUSINESS WIRE)-- Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) ("Newmont" or the "Company") has announced today it will sell its …

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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 to buy Newmont's Akyem Gold Mine in Ghana for $1bn

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 mining inventory. ... Mining news and in-depth feature articles on the latest mining company deals and projects covering trends in mineral exploration ...

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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. This sale is part of …

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Operations & Projects

The Akyem mine operates within 10 host communities in the Birim North District of Ghana's Eastern Region namely: Adausena, Yaw Tano, Old Abirem, New Abirem, Hweakwae, Tano, Afosu, Mamanso, Ntronang and Yayaaso. ... More than 50 infrastructure projects, including schools, roads, clinics and water projects have been constructed and handed over ...

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Zijin Mining to Acquire Akyem Gold Mine in Ghana for US$1 Billion

China's Zijin Mining Group has agreed to purchase the Akyem gold mine project in Ghana from US-based Newmont Corporation for $1 billion, furthering its expansion into Africa's gold mining sector. The acquisition is part of Newmont's strategic decision to divest its non-core assets, allowing it to focus on its tier one operations.

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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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Another golden opportunity lost – Newmont's Akyem Mine sale …

One of the major projects set for sale is the Akyem mine in Abirem, Ghana, with the sale timeline slated for completion by Q1 2025. Recently, reports have indicated that the Akyem mine sale is in ...

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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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Newmont Corporation

The Akyem Project is a development project of Newmont Golden Ridge in the Briim North District of the Eastern Region. Newmont Ghana Gold, which operates the Ahafo Mine in the Brong Ahafo Region, is one of the five core operating districts of Newmont Mining Corporation, one of the largest gold mining companies in the world.

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Zijin Mining Group to buy Akyem Gold Mine Project

China's Zijin Mining Group is set buy the Akyem Gold Mine Project in Ghana from Newmont Corp. for $1 billion. The sale is a part of Newmont's ongoing programme to divest non-core assets as the company makes a …

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Newmont to Sell Ghana Gold Mine Project for $1.0 Billion

Zijin Mining Group 601899 0.88 % increase; green up pointing triangle will buy Newmont's equity interest in the Akyem Gold Mine Project in Ghana, the Hong Kong-listed miner said Wednesday.

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China's Zijin Mining to buy Newmont's Ghana gold project for $1 bln

Oct 9 (Reuters) - China's Zijin Mining Group, opens new tab will buy the Akyem Gold Mine Project in Ghana from U.S.-based Newmont Corp, opens new tab for $1 billion, the companies said on Wednesday.

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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. Skip to content. Wednesday, February 19, 2025. ... with plans to invest between $950 million and $1 billion in developing the Ahafo North gold mining project in the Ahafo region.

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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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Ghana: Top Five Gold Mines by Production

Akyem Project. Newmont's Akyem Mine, located in Ghana's Eastern Region, has been operational since 2013, producing an average of 422,000 ounces per year. Expansion projects, including Akyem Underground and Akyem Layback, are set to extend its operational life beyond 2030. As a major contributor to Newmont's growth in Africa, Akyem remains ...

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4.0 ASSESSMENT OF IMPACTS

Akyem Gold Mining Project November 2008 FINAL EIS . Assessment of Impacts 4-2 A detailed accounting of the Scoping Meeting and the various stakeholder consultations made by the Company (as well as outcomes) is included in Section 9.0 (Consultations).

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Newmont Divests Akyem Gold Mine to Zijin Mining in …

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.

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Newmont Ghana Gold Ltd

Newmont Golden Ridge Limited (the "Company"), a subsidiary of Newmont Mining Corporation, is proposing to mine gold reserves at the Akyem Gold Mining Project (the "Project") site in the Birim North District of the Eastern Region of Ghana, West Africa (Figure 1-1). The Project is located approximately 3 kilometres west of the district ...

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Asante Gold to bid for Newmont's Akyem mine

Newmont Corp.'s Akyem gold mine is a target for Ghana-focused producer Asante Gold Corp., which plans to bid for the asset against potential Chinese buyers this month.

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