CAPE TOWN (miningweekly.com) – US-based gold major Newmont Mining Corporation will start production at its Akyem gold mine, in Ghana, in late 2013, CFO Russell Ball said on Tuesday.
The Akyem gold project is located in the Brim North District of the eastern region of Ghana and had a measured and indicated reserve of 7,7-million ounces.
It was anticipated that the project, once mining had commenced, would have a life-of-mine of fifteen years, Ball said at the Mining Indaba conference.
During the past five years, the Akyem project has been subject to a thorough environmental impact study, public consultation process and an independent review process.
He reported that project leaders had engaged directly with numerous community representatives, nongovernmental organisations, government agencies and international organisations to listen to their concerns about the social and environmental implications of project development, and to raise awareness about how issues were being addressed.
Following completion of further economic and power analysis to ensure sustainability, the project would advance to its next phase of development.
The project was currently in the planning phase, with feasibility studies under way to assess development requirements.
Ball told delegates that Newmont was optimistic about its gold prospects in Ghana and the company believed that assets and project developments in West Africa would be significant part of its future business.