South African rescue teams have recovered 78 bodies and rescued 166 survivors from the Stilfontein gold mine after a three-day operation. The disaster, which has left families devastated, highlights ongoing concerns about mine safety. Police spokesperson Athlenda Mathe provided updates, noting the extensive efforts by rescue teams. Investigations into the cause of the tragedy are underway.
In a significant development for Ghana’s mining sector, President Nana Akufo-Addo inaugurated the Cardinal Namdini Mining Limited's (CNML) new gold mine in the Talensi District, Upper East. Owned by Chinese firm Shandong Gold Group, this large-scale, open-pit mine has a 15-year operational timeline, aiming to extract 5 million ounces of gold from 150 million tonnes of ore. With a $600 million investment, the project enters the production phase, offering new employment opportunities and regional economic upliftment. President Akufo-Addo emphasized environmental and community development responsibilities, highlighting CNML’s plans for a regional airport.
The planned sale of Newmont Corporation’s Akyem Gold Mine in Ghana has come under legal scrutiny, raising concerns about whether the transaction adheres to local regulations. The Institute of Economic Affairs (IEA) has expressed worries about the transparency and legality of the sale process, questioning if all the necessary legal and regulatory frameworks are being properly followed. The Akyem Mine is one of Ghana’s most significant gold mining operations, and its potential sale has sparked debates over the future of mining investments and environmental compliance in the country.
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