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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Newmont to Sell Ghana Gold Mine Project for US$1.0 Billion

Zijin Mining Group will buy the equity interest of Newmont in the Akyem Gold Mine Project in Ghana, the Hong Kong-listed miner said Wednesday. The operation is one of the largest gold mines ...

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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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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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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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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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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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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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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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Case Study

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 (via a 105km 132kV line), as well as …

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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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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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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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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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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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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 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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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 …

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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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Ghana: Top Five Gold Mines by Production

Tarkwa is a vital asset in West Africa's gold sector, playing a crucial role in Ghana's gold production strategy. Akyem Project. Newmont's Akyem Mine, located in Ghana's Eastern Region, has been operational since 2013, producing an …

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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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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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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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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 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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China zijin acquires $1bn ghana goldfield china zijin secures $1

The Akyem gold mine project is a significant venture that promises to enhance Zijin Mining Group's presence in the gold mining industry. Introduction to Zijin's Expansion Plans. Zijin Mining Group, a leading global mining company, has recently announced its ambitious expansion plans. The company has set its sights on increasing its gold ...

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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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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 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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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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