Business News of Friday, 11 October 2024
Source: Citi News
The Akyem Mine in Ghana, initially developed by Newmont, has significantly contributed to the local and national economy, including US$1 billion in statutory payments and employment for Ghanaians.
Newmont’s social impact initiatives include skills development, local procurement, and road infrastructure improvements.
The mine has also prioritized environmental sustainability, particularly through reforestation and biodiversity conservation.
In 2024, Newmont identified Akyem for divestment due to its strategic shift. Zijin Mining emerged as the preferred buyer, with plans to extend Akyem's operations through underground mining, ensuring continued local employment and economic contributions. Newmont will now focus on its Ahafo Mine in Ghana.