Mining News NEWSLETTER OF THE CHAMBER OF MINES JUNE 2019 EDITION ISSN: 08CC 790X Mining News 2 Mining towns mark World Malaria Day NEWSLETTER OF THE CHAMBER OF MINES wo mining firms, Asanko nature as enshrined in its several core Mansoman and Esaase, respectively. in the world. He lauded Nananom as JUNE 2019 EDITION ISSN: 08CC 790X G h a n a L i m i t e d a n d values. The winning school received well as Assembly Members for their TAngloGold Ashanti, have The District Director of Health GH¢ 2,000, the second had GH¢ supportive role in encouraging noted that recent comments by the Services, Mr Bernard Bediako, said 1,500 and the third was rewarded with community members to accept the World Health Organisation (WHO) to the prevalence rate in the Amansie GH¢ 1,000. indoor residual spraying exercise the effect that there has been no West had increased from 43 per cent in Obuasi which was initially opposed by some significant improvement in the fight 2015 to 45 per cent in 2018. residents in the Municipality. against malaria, especially in the sub- He indicated, however, that At Obuasi, the Head of Hon. Elijah Adansi- Bonah 2019 Ghana Mining and Energy region, gives cause for concern. there had been no deaths because of Operations of AngloGold Ashanti, Mr further encouraged citizens to exhibit Brett Thompson, said reducing and a high level of Commitment in the eliminating malaria creates healthier, fight against malaria thereby more equitable and prosperous partaking in all form of clean-up Summit sets agenda on local growth societies and promotes a broadly exercises. He also requested for inclusive and multi-sectoral response. annual malaria test and treatment to be He said apart from the reduction conducted among all final year Junior he 2019 Ghana Mining and of malaria within Obuasi, the High School Students in Obuasi. Energy Summit set the tone Anglogold Ashanti Malaria Control Tfor the agenda to foster Limited (AGAMAL) had provided The programs Director of growth and prosperity within the jobs to the teeming youth through Anglogold Ashanti Malaria Control mining and energy sectors of the spraying and distribution of mosquito (AGAMAL) said AGA in response to economy. nets. the alarming rate of Malaria cases Organized by the Ghana Chamber The occasion saw the presence reported in the Communities, set up of Mines, the Summit organised on the of the Municipality Chief Executive (AGAMAL) in 2006 to help curb the theme: "Harnessing Mining and of Obuasi Hon. Elijah Adansi- Bonah, situation which contributed to many Energy to Accelerate National Representative of Obuasi East DCE, deaths in Obuasi. Development" brought together AGA Sustainability Manager Nana He said the initial target was to experts in the energy and the mining Ampofo Bekoe, Nananom, Officials reduce malaria reported cases by 50% sectors to chart the way forward for of various Security Agencies, in the first two years which was the industry. Assembly Members, Teachers and exceedingly met at a reduction of 74% Addressing the opening session, Students as well as the general public. in two years since its introduction. He the Minister of Energy John Peter Hon. Elijah Adansi- Bonah, said the AGA Malaria Control Unit is Amewu, in a speech read on his behalf The companies made the pragmatic measures put in place Municipal Chief Executive of Obuasi currently conducting spraying by the Deputy Minister of Energy Dr. observation at separate events to mark including the distribution of free in an address congratulated exercises in 16 District in Ghana and Mohammed Amin Adam, said the this year's World Malaria Day at mosquito nets. Anglogold Ashanti for introducing the have already sprayed the entire Upper Summit was critical to developing an Tetrem in the Amansie West District The company organised free Malaria Control Programme which West region, 3 Districts in the Upper effective platform for generation of and Obuasi, both in the Ashanti medical screening for the people has been very fruitful over the years East region and 2 Districts in Ashanti ideas required to transform Ghana's Region. within the communities and since its introduction in 2006. region which are Obuasi Municipal mining and energy industries. At Tetrem, where Asanko held conducted a quiz for three senior high He said the exercise has and Obuasi East District with support The Summit, he said, was also its event, the acting Executive General schools namely; Esaase Sec Tech, contributed massively to the reduction from the Global Fund, Inking IRS and essential because it provided inputs Manager, Mr Shadrach Ainoo, said Mansoman and Manso Adubia SHS. in malaria infection and it is one of the Anglogold Ashanti. for manufacturers across the globe to the firm had commissioned the Vector Manso Adubia was adjudged best Cooperate Social Responsibility boost the opportunities available in Control Unit of DeLloyds Limited to the overall best school, followed by tasks set out by any mining company the value chain of mining and energy undertake a baseline Malaria study in industries. its operation areas. " A t t h i s m o m e n t i n o u r He said the scientific research development history, it has become would inform the basis for future Chamber donates medical equipment necessary for us to deepen the comprehensive malaria control contribution of mining and energy programme in the communities. towards the growth of our economy," Scientific Study to Bimbilla Government Hospital he said. Mr Ainoo said the study, which Dr Adam said the goal of moving cost about $35,000 was expected to be s part of the Ghana facility in its quest to provide quality mortality, and maternal health care. Ghana to the height of economic completed by the third quarter of this Chamber of Mines' social health care for the people. Addressing the gathering, Mr independence had proven to be even year. Ainterventions, a state-of- The Bimbilla Government Koney stated that "the Chamber's more dependent on reliable energy to "Contributing to the sustainable the-art incubator and six sets beds, Hospital, a 120-bed facility, which primary focus is to put people first propel industry and transform Ghana development of our host communities cabinets and mattresses were serves a large number of the by improving their well-being, into a modern industrialized economy. remains a core corporate social donated to the Bimbilla Government citizenry along the Eastern Corridor which is underscored by the "This is why the government has responsibility of Asanko Gold Ghana Hospital on 3rd April, 2019 to of the country, faces a number of Sustainable Development Goals (3) worked tirelessly for the past two Limited and we will continue to play contribute to the overall well-being challenges including; erratic water on ensuring good health and well- years to ensure that the availability of this role for the years ahead of us," he of the people in the area through supply, congestion in the wards, lack being of the populace." energy, be it power or fuel, is given the said. quality health care delivery. The of a functional X-Ray machine, lack On his part, Dr Osman Abdulai, much-needed attention it deserves He said the company's annual items were worth Thirty Thousand of ambulance, inadequate staff and Medical Superintendent of Bimbilla from a strategic planning point of participation in the the World Malaria Ghana Cedis (GHS30,000). Mr accommodation, and incomplete Government Hospital, who received view," he said. Day showed its caring and committed Sulemanu Koney, Chief Executive fence wall. Despite operating under the equipment, indicated that the He said energy was critical to a Officer of the Ghana Chamber of trying conditions, the hospital was provision of the medical equipment, nation's industrialization adding that Mines, who presented the adjudged last month as the best especially the incubator, would help "the key elements of adequate, reliable equipment to the Management of the performing hospital in the Northern improve the management of pre- and cost-effective electricity supply to The Ghana Chamber of Mines Hospital at Bimbilla in the Nanumba Region for 2018 based on a number term babies at the facility. He said industry are not lost on us as a GA – 238 2234 | Gulf Street, South Legon, Adjacent Wild Gecko Handicraft North Municipality on Wednesday, o f i n d i c a t o r s i n c l u d i n g ; prior to the donation, the hospital government. We are aware that to P.O. Box 991, Accra – Ghana | Tel: (+233) 030 276 0652 said it was to ease the burden of the improvement in neonatal and infant had to refer most of pre-term babies industrialize, we need to create Web: www.ghanachamberofmines.org | www.facebook.com/GhanaChamberOfMines | www.Twitter.com/GhanaChamberofMines Continue on page 3 Continue on page 14

Page 2 CHAMBER NEWS CHAMBER NEWS Page 19 Asanko Gold promotes literacy through reading, comprehension competition

sanko Gold Mines is took the second spot. partnering the Ghana Book Executive Director of Ghana Book AT r u s t a n d C a n a d i a n Trust, Genevieve Eba-Polley, giving Organisation of Development an overview, ssaid "the six-year through Education (CODE) to halt partnership will not only improve the falling standards of education in two reading and writing skills of pupils of districts in Ashanti Region. basic schools but increase their Schools in about 35 communities in chances of advancement on the Amansie West and South districts are educational ladder. benefitting from a literacy Madam Ebba-Polley expressed enhancement project initiated in satisfactory remarks on the student's 2016. ability in reading and spelling, she Fifteen Basic schools have taken encouraged the teachers to enhance part in this year's reading competition their teaching skills to achieve the to sharpen the skills of pupils. greater good, thus imbibing reading The project which started in Obotan habit among students to achieve (one of the mining sites) with ten English literacy in the districts. schools in 2016 has been extended to Meanwhile, Community Affairs benefit 26 schools through the Manager of Asanko Mines, Rammy provision of library books, trainers Oboro, is overwhelmed by the training for teachers, mobile library students' zeal and output in the event among others. reading competition. The literacy competition covered He explained that CODE's dictation, spelling bee and "Reading Ghana" forms a key comprehension tests. c o m p o n e n t o f t h e A s a n k o Host community, Manso Adubia Opportunity Cycle and complements Asanko Mines to extend the exercise in the Amansie West and South came first in this year's edition in the our other projects in the fields of to cover the initial 10 beneficiary districts through the reading primary category, followed by Manso healthcare, skills training and schools of the first phase of the competitions to revive yesteryear's Abore Roman Catholic School. financial literacy. program. interest in reading, to improve literacy Manso Abore District Assembly "I am urging the implementing He further explains that "the and educational outcomes in general." United School won the Junior High partners that are Ghana Book Trust, literacy enhancement project will School, while Abore Roman Catholic Canadian Based CODE and my own arrest the fallen standards in education Mineworkers commended for contributing to economic growth

anagement of the Ghana for those who were unable to attend projects, especially the Mineworkers Union has the national May Day parade to ensure road networks in the Mlauded the contributions of all members feel part of the history of mining communities. members for the past 75 years through the working class. Under the PSI, the sustained mining activities in Mr Ankrah said the Union had Government could, as a supporting the country's economic established a wage model with key matter of urgency, make a growth. players in the industry such as special arrangement to The commendation was in a Newmont Gold and AngloGold encourage Public Private statement signed by Prince William Ashanti, aimed at using productivity Partnership to address the Ankrah, the General Secretary of the matrix and other macro-economic infrastructure challenges Union, and copied to the Ghana News indicators as the scientific basis for in the mining towns. The Agency in Accra, to mark this year's increase in salaries. Minerals Development May Day celebration. "...The Union has, over the years, Fund and the advanced Mr Ankrah said this year's raised concerns about the poor payment of royalties could celebration was special as the Union infrastructure in our mining towns. be negotiated with mining would role out a number of activities After more than a century of mining, companies with good to mark the 75th Anniversary. we cannot continue to inflict this balance sheet towards that "In a show of appreciation to the injustice on our mineral rich initiative, Mr Ankrah said. hardworking miners, members of the communities which are major sources “ A d o p t i n g a Union will be hosted to a special get- of foreign exchange earnings for the Presidential Special to-gather with special anniversary country". Initiative, coupled with the souvenirs to be won in a raffle draw He said the Union was using the needed political will and after the May Day parade on celebration to call on government to the right leadership, Wednesday, May 1." fix the poor roads and other Ghanaians can be assured of an mining areas, was the establishment There will be varying anniversary infrastructure in the mining areas, unprecedented infrastructure of buffer enterprises, to offer souvenirs to be shared in addition to adding that the demonstrations in development and many positive alternative employment opportunities the raffle draw, which would include such communities showed the changes in the mining townships. We to sustain the local economies. laptops, tablets, air-conditioners, frustration of the people and needed have lamented enough over the horrid "With Public Private Partnerships, fridges, freezers and sound systems," urgent action to fix the yawning infrastructure deficit in mining towns, we can sustain the local economies he added. infrastructure gap. The Union is let's move beyond the talk." beyond mining and that is what our As part of activities to celebrate the advocating a Presidential Special Mr Ankrah said the Union, as part peers in California in the United day, there will be discussions with Initiative (PSI) to comprehensively of its integrated plan for accelerating States of America, Australians and employers across the mining industry accelerate the execution of major socio-economic progress in the South Africans have done..." Page 18 CHAMBER NEWS CHAMBER NEWS Page 3 Iduapriem Donates Teaching and Chamber constructs essential Mechanised Learning Materials to Host Community Schools n g l o G o l d A s h a n t i Techiman Basic schools in the Tarkwa Acting on behalf of the Municipal the beneficiary schools, commended Water System for Ullo SHS (Iduapriem) Limited has Nsuaem Municipality. Director of Education, the Head of Iduapriem Mine for the gesture and Adonated teaching and Presenting the items on behalf of D e p a r t m e n t f o r E d u c a t i o n assured that the education directorate learning materials (TLMs) to host the Mine, Superintendent - Management and Information System would put in measures to ensure the tudents and staff of the Ullo community schools as part of its Host Stakeholder Engagement and (EMIS) for the Tarkwa Nsuaem beneficiary schools use the items to Senior High School in the C o m m u n i t y P a r t n e r s h i p f o r Communications, Mr Senyo Mensah Municipality, Madam Mercy Asiaw, assist the pupils in their studies. SJirapa District of the Upper Improvement in Basic Education Buake, said the Mine is committed to who received the items on behalf of West Region have expressed delight Programme in the Tarkwa Nsuaem giving its host communities a at the commissioning of a Municipality. sustainable future and believes mechanised water system for the The donation of the teaching and education is key towards the school. The water system, which is learning materials at a cost of realisation of this objective. expected to markedly improve GH?171,000 is expected to Mr Buake was hopeful that the access to potable water for the significantly enhance teaching and beneficiary schools would make students and staff, was funded by learning outcomes in the beneficiary optimum use of the items to help the Ghana Chamber of Mines. schools and the overall performance improve upon the quality of teaching The Ullo Senior High School, of pupils in the Basic Education and learning in the Tarkwa Nsuaem which has a population of 1,062 Certificate Examinations (BECE) in Municipality. He gave firm students with majority being females, the municipality. The items, which assurances that Iduapriem Mine has been grappling with the included textbooks, laboratory would continue to provide the needed unavailability of water for over a equipment, kitchen set for practical support to improve educational decade. Students have to walk for sessions, kids play items, among standards as it works to make host nearly two kilometres to have access to others, were distributed to the Adieyie communities realise the objectives of potable water; a situation, which had M/A Basic, Teberebie M/A Basic, its Basic Education Improvement adversely affected teaching and A b o m p u n i s o M / A B a s i c , Project, which includes increasing the learning in the school as well as the Wangarakrom M/A Basic and New BECE pass rate in the municipality. health and sanitation of the students. According to UNICEF, Ghana has made significant progress providing access to improved water sources to 80% of the population. However, Minerals Development Fund board inaugurated despite these successes, five million for the school. He indicated that he nation belong to every one of us and water to the school, there has finally Ghanaians still use water from unsafe was particularly delighted for the therefore it behoves the state to ensure been a breakthrough to enable the he maiden board that will Administrator of the Office of Stool and the nominee of the Minister of and must brace themselves up to sources. Studies have also shown that students who will now have the Ghanaians benefit from the revenue students focus on their studies," he o v e r s e e t h e f u l l Lands, Mrs Christina E. Bobobee; the Lands and Natural Resources, Ms surmount the challenges that will the availability of water reduces "peace of mind to focus on their obtained from mining." averred. Timplementation of the President of the Chamber of Mines, Ellen Ama Daaku. confront them in carrying out their sanitation related morbidity and studies and compete with other Mr. Nantogmah urged the school's He called on other groups to come Minerals Development Fund (MDF) Mr Kwame Addo-Kuffuor, and the The board will have the primary mandate. mortality in especially children. schools for laurels in their final year authority to immediately form a sub- to the aid of the community to support has been inaugurated, with a charge on Vice-President of the National House responsibility of appointing an This is because the expectations of Further, clean water for hand washing examinations." committee made up officials of the the development agenda of the its members to take immediate steps to of Chiefs, Daasebre Kwebu Ewusi administrator to the MDF, an office fund beneficiaries have heightened can reduce diarrhea and pneumonia by Commissioning the project on school - students and staff - as well as people. complete stalled projects under the VII. currently occupied by an acting with the operationalisation of the up to 50%. behalf of the Chief Executive Officer the local assembly to adequately Head master of the Ullo SHS fund. The rest are the Coordinating administrator. fund," he said. It is for this reason that the of the Chamber, the Director of maintain the facility. called on the beneficiaries to own the The MDF was set up to provide Director of the Ministry of Finance, Mr Asomah-Cheremeh described Mr Asomah-Cheremeh, however, Chamber took up the challenge to E x t e r n a l R e l a t i o n s a n d Commending the Chamber for the facility and use it as though it was development projects for mining Ms Eva Peace E. Mends; the the inauguration of the board as a huge noted that the current revenue source construct the water system following a Communications, Mr. Ahmed D. project, the Paramount Chief of the built with their resources. "That way, communities that have been Technical Director of the Mnistry of milestone in the effort being made to of only 20 per cent of mineral royalties request by the Chief of Tuopare in the Nantogmah, stated that the Chamber Ullo Traditional Area, Naa Alhaji you will not misuse it and will ensure negatively impacted by mining Environment, Science, Technology develop mining communities and also to the MDF was woefully inadequate Ullo Traditional Area, Naa Basing Naa and its members "continue to prove Baburonon Amadu Seidu II, stated that it is running as efficiently as activities. and Innovation (MESTI), Mr Fredua ensure that the key stakeholders got to carry out development projects in III, who lamented the negative impact that sustainable mining is about that the facility was "first of its kind" in possible." He assured the chiefs and It derives its funds from 20 per cent Agyeman; the Director of Human the right benefits from mineral the mining communities, as required. of the lack of water on especially the people and their livelihoods. There is the community, and is expected to people of their commitment to keep of minerals royalty received from the Resource Management at the Ministry resources. He, therefore, urged the members female students. He applauded the a need to therefore reiterate the fact benefit the school immensely. the facility operational through a Ghana Revenue Authority (GRA), of Local Government and Rural "I want to inform the board that of the board to take bold steps to Chamber and its members for what he that the mineral resources of the "After several attempts to provide regular maintenance regime. funds from holders of mining leases, Development, Mr Frank A.N. Sofo, they have a huge task on their hands diversify revenue sources to the fund. described as "a humanitarian support" m o n e y a p p r o v e d b y M r A s o m a h - Parliament for the fund, grants, Cheremeh also asked the donations, gifts, as well as members of the board to money that accrues to the fund work diligently to remove Chamber donates medical equipment from investments made by the the barriers militating MDF Board. against the effective The 11-member board, utilisation of the fund. to Bimbilla Government Hospital which is chaired by Ms Esther Ms Edjeani, for her continue from front page Happy Edjeani, President part, promised that the Nana Addo Dankwa Akufo- team she led would work to either Yendi Municipal Hospital community. He assured that work Addo's nominee, has the hard to turn the fortunes or Tamale Teaching Hospital for would soon start to sink two mandate to operationalise the of the MDF around to management due to lack of this boreholes at the hospital to improve fund. b e n e f i t m i n i n g equipment. He expressed gratitude to water supply. The other members of the communities. the Chamber for the support assuring T h e R e g e n t o f B i b i l l a , board are the Chief Director of She stressed that the that the equipment would be used for Nyelinbolgu Naa Yakubu Andani, in the ministry, Professor Patrick board would adhere to the intended purpose to improve the a statement, during a courtesy call on K. Agbesinyale; the Chief strict accountability health status of the citizenry. him at his palace thanked the Executive Officer (CEO) of the regimes as provided to Earlier, the Chamber executives Chamber for the gesture saying the Minerals Commission, Mr ensure that the resources interacted with the Hon. Abdulai hospital needed more support to Addae Antwi-Boasiako; the would be put to judicious Yaqoub, Municipal Chief Executive ensure quality health care for clients. Executive Secretary of the use. of Nanumba North. He stated that it He used the opportunity to urge Lands Commission, Mr Daud Source: Daily Graphic was the first time the municipality indigenes of Bimbilla to support the Sulemana Mahama; the had been visited by a business community. association looking to support the Page 4 CHAMBER NEWS CHAMBER NEWS Page 17 'Government repositioning mining sector The World's Next Mining Hotspot est Africa is well endowed with mineral resources, and many Experts are confident that significant local gold resources were for economic growth' - Amin Adam world-class deposits have been discovered there in recent underexplored, and this can spark even more interest from the Wyears. The region is a key source of gold, iron ore, bauxite, international mining community. he Deputy Minister of resources to sustainable development Addressing challenges for socio - economic development. diamonds, phosphate, uranium, and its mainly untapped mineral wealth Recent gold production numbers show that South Africa was still the Energy in charge of outcomes for the people. The Chief Executive Officer of the provides exceptional greenfield development potential. biggest gold producer in the region in 2017, but West Africa's gold mining TPetroleum, Dr Mohammed Therefore, apart from gold Ghana Chamber of Mines, Mr The summit But despite increased interest in the whole spectrum of commodities in industry, led by Ghana, Mali and Burkina Faso, already produces nearly Amin Adam, has said government p r o d u c t i o n , g o v e r n m e n t i s Sulemanu Koney, noted that Ghana's The Ghana Mining and Energy West Africa, the region is a hotspot for investment in gold exploration. twice as much gold as South Africa, and Ghana alone has chances to will reposition the mining and aggressively harnessing the country's ranking on global attractiveness Summit (GMES) is a biennial Foreign companies invested billions of dollars in gold exploration overtake its struggling southern peers in gold output in the foreseeable energy sectors to deepen its bauxite and iron ore potential to build league for mining investment had Conference and Exhibition organised activities over the past few years, resulting in West Africa having the future. contribution to economic growth. a value added industrial economy that dwindled in the last couple of years. by the Ghana Chamber of Mines and it biggest growth rate in the yellow metal's resources in the world. He stated that with the country's creates jobs and incomes for the While that calls for a review of the attracts industry participants across Data compiled from Mining Intelligence's proprietary database track record in mining, it had become people. the globe. policy regime governing the sector, he demonstrates the number of gold asset changes within West Africa's necessary to deepen the contribution explained that the security situation at The 2019 summit, which is the mining development pipeline. of the sector by making it attractive for Energy key to some of the mines had not helped and fourth since the maiden event was i n v e s t m e n t s a n d b u s i n e s s industrialisation that had deteriorated sharply with the held in 2013, was on the theme: opportunities. Dr Amin Adam noted that energy withdrawal of the troops. "Harnessing mining and energy Speaking at the 2019 Ghana Mining played a critical role in the nation's "In spite of these challenges, we are potential to accelerate national and Energy Summit in Accra, Dr industrialisation drive and the fortunate to have a listening Sector development." Amin Adam noted that "it has become country's ability to create competitive Minister who is willing to work with The President of the Ghana necessary to deepen the contribution industries depended largely on the us to address these challenges. He Chamber of Mines, Mr Eric of mining and energy towards the pricing and availability of energy. deserves our commendation," he said. Asubonteng, said the theme was growth of our economy and to "This is even more essential to an He added that the summit focused aimed at deepening investment accelerate the development of the energy intensive sector such as the on developments within the mining opportunities in the two sub sectors so country by repositioning the two mining industry. Our desire to harness and energy sectors of the economy of as to strengthen Ghana's position as sectors to drive investment and the country. Africa's mineral and energy resource linkage opportunities and value business opportunities. This is addition to our minerals, that is gold, It also allowed for interrogation of hub. imperative because of recent reports bauxite and aluminium, will be the issues militating against the "The Chamber is, therefore, pleased about Ghana's top position among backed by an extensive approach that growth and development of those two to bring together key players in the Another important indicator of West Africa's gold mining sector gold producing countries." takes into consideration the need for anchors of the economy and more sectors in an effort to expose local and enticement for investors is production costs measured by the World Gold The government, he explained, was reliable and cost competitive forms of importantly how to harness the international entrepreneurs and Council's all-in sustaining costs (AISC) metrics. AISC shows that in Q2 pursuing progressive policies and power and fuel," he said. potential in the nexus between these investors to the mining and energy 2018, two West Africa mines were in the global list of top 6 lowest cost programmes to transform the mineral two strategic sectors of the economy business in Ghana," he noted. gold operations. Moving down the pipeline from operating mines to exploration B2Gold's new open-pit high-grade Fekola mine in Mali was the second projects, the number of gold assets increases, with 61 assets (33% of all lowest cost mine by AISC ($445/ozt), and Perseus Mining's new SGP mine assets, regardless of commodity) in the production or construction stages, in Ivory Coast was sixth ($520/ozt). Information on Fiscal Contribution and Dividend Payment 24 assets, or 45% of all projects undergoing economic assessment studies, With South Africa's gold mining sector struggling with increased and a whopping 367 assets in the exploration phase. 74% of all exploration production costs at underground mines, socio-political turmoil and of Large Scale Mining Companies projects are focused on gold. regulatory headwinds, West Africa is quickly becoming the continent's This focus on gold in the exploration stage indicates that the main gold mining hub. irst published on May 23, services consumed in the production only to that of the oil/gas sector. In even when the companies incur importance of gold in West Africa's mining sector will only increase in the By Mining.com 2019) The contribution of of the mineral such as electricity, fuel, 2018, the CIT payments attributable losses. This is on account of the fact future, as new projects will enter the production phase. FGhana's mining sector has consumables and labour, which are to the mining sub-sector was GH? 1.2 that royalty is designed as a traditionally been assessed in terms predominantly supplied by firms or billion. guaranteed stream of revenue to the of fiscal payments, forex receipts, persons resident in Ghana. In 2018, 3. On the other hand, royalty is a state, irrespective of the financial employment and gross domestic the total amount of funds spent on charge on gross mineral revenue and position of the company given that it Executives of Child Labour and product relative to revenue from procurement of locally sourced inputs its rate spans between 3 per cent and 5 is computed as a percentage of gross the sales of minerals produced by was US$ 2.270 billion. This stream of per cent. The mining sector's royalty revenue. For companies that realize mining companies. While such expenditure by the mining companies payment amounted to GH? 705.2 profits, a proportion of the revenue Responsible Mining Network inaugurated analysis and resulting outcomes are translates into revenue for suppliers million in 2018. Besides, employee (32% to 35%) will be ploughed back Seven-Member Executives Deputy Minister of Employment and Network would serve as a platform named "Convening actors to develop useful, they typically understate or manufacturers of inputs. In other income tax (PAYE) arises from the to the state as CIT. It is the case that of the Child Labour and Labour Relations (MELRs), who for sharing knowledge, experiences and implement strategies to reduce the role of the mining sector or words, the revenue of these firms is fiscal deductions of employees the GRA audits the accounts of AR e s p o n s i b l e M i n i n g inaugurate the Executives said to and good practices on mining, child labour and improve working result in factual inexactitudes. This contingent on the demand of the engaged by the mining companies. In mining companies on a routine and Network has been inaugurated at ensure effectiveness of the Network mineral processing, environmental conditions in ASGM" in Ghana and statement contextualizes the role of mining firms. It would therefore be essence, its outturn is directly related ad-hoc basis to assure government Abedwum in the Adansi North for the desired outcome, "we all need management, Child Labour, working the Philippines. Ghana's mining sector in national inappropriate to exclude the inter- to the number of persons on the that it is receiving its due share of District of the Ashanti Region. to own, utilize and mainstream it into conditions, judicious and responsible Mr Kusi, who is also the President development. relationships between the mining payroll of the mining firms. The total profit. The Executives are Dr Isaac our core activities, projects and mercury use and ways to promote of the Ghana National Association of 1. Mineral revenue is typically companies and non-minerals PAYE ascribed to the mining sector in 6. Lastly, the state also earns Karikari; Chair, Mr Collins Kusi programmes." mercury-free technologies in ASGM. Small-Scale Mining told the GNA generated through the production and economy in accounting for the 2018 was GH? 457.2 million. dividend after same is declared by the Osei; Co-chair, Mrs Valerie Opoku; He, therefore, implored the The Network for Community that the Executives together with sale of minerals and it is the main contributions of the minerals sector. 4. In addition to the proceeds Board of a mining firm, which Secretary, Dr Rita Amankwaah; E x e c u t i v e s t o s t r e n g t h e n Planning and Development other members of the Network would form of income earned by mining 2. Let's turn our focus to the from the fiscal receipts, the mining i n c l u d e s r e p r e s e n t a t i v e s o f Executive Member, Ms Vida Brewu; collaboration with key stakeholders (NECPAD) is collaborating with the ensure that all the objectives of the companies. Typically, these receipts fiscal regime in the mining sector, industry accounted for 14 per cent of government as shown in Table 1.0. Executive Member, Paul Asamoah such as Ministry of Lands and ILO and the Child Labour Unit project were achieved. are reported as export proceeds by the which mainly comprises corporate total direct revenue mobilized by the Dividend is a reward, cash or Kukwaw; Representing CSOs and a Natural Resources, Minerals (CLU) of MELRs to support the "We will see to it that we achieve Bank of Ghana. As well, the income tax, royalty, employee Ghana Revenue Authority in 2018, otherwise, that a firm gives to its Representative of Development Commission, Environmental establishment of Network. Child Labour free zones on the companies finance their Cost of income tax, dividends and other and this outturn was the second shareholders and it is usually paid Partners represented by ILO. Protection Agency, Ghana National The Network is to implement communities," he added. Production out of their realized taxes. Corporate income tax (CIT) is a highest after the retail and wholesale based on the policy of the board with The Network is made up of some Association for Small Scale Mining, Action Plans on Child Labour, Child He said since, the ILO project revenue and the resulting difference surcharge on profit realized by sector. In nominal terms, this is the approval of shareholders. On the 45 stakeholder institutions, whose C S O s , o r g a n i z e d l a b o u r , Labour Monitoring, Reporting and would be ending soon, he appealed to may be interpreted as profit or loss mining companies and it generally equivalent to GH? 2.3 billion. whole, the state is therefore the only activities narrow down on Child Metropolitan Municipal and District Law Enforcement in ASGM sub- government and stakeholders to depending on whether revenue ranges between 32 per cent and 35 per 5. The nature of the fiscal shareholder that receives a share of Labour and Artisanal and Small- Assemblies, Communities and sector in Ghana. provide resources for the Network to exceeds cost or vice versa. The main cent. It must be noted that the CIT rate regime in the mining sector makes it mineral receipts even when a mining Scale Mining (ASGM). businesses in the supply chain. The action Plans is part of ILO's work with. cost incurred by mining companies in the mining sector, which is the possible for the state to benefit from company records a loss. Mr Bright Wereko-Brobbey, a He expressed the hope that the project strategy relating to the project relate to the purchase of goods and highest in the country, is comparable the extraction of its sub-soil resources Page 16 CHAMBER NEWS CHAMBER NEWS Page 5 Iduapriem Cuts Sod to Construct UMaT Basic School AngloGold Ashanti Obuasi Mine s part of efforts to improve would continue to provide the needed of the school, stressing that the project the school to offer admission to many access to quality education in support through its Basic Education would greatly assist in expanding more pupils to meet the growing Redevelopment Project progressing steadily At h e Ta r k w a N s u a e m Improvement Programme in line with access to quality education and help demand. i t h d e v e l o p m e n t the mine. process continues. Section 7. A total of 104 apartments Municipality, AngloGold Ashanti the Sustainable Development Goals improving steadily by the Additionally, a 24 hour-First Aid As at the end of the month of June, out of the 200 houses have been (Iduapriem) Limited has cut sod to (SDG 4). Ww e e k , t h e O b u a s i station has been operationalized on- the total workforce engaged for the completely refurbished. All works are commence construction of a six-unit On his part, Senior Vice President, Redevelopment Project has been in site with registered trauma nurses in refurbishment of the STP was Two expected to be completed by 27th classroom block for the University of AngloGold Ashanti Continental motion with some good strides. attendance. A traffic management hundred and seventy-nine (279). The August 2019. Mines and Technology (UMaT), Africa Region, Jasper Musadaidzwa, Accommodation for staff is critical plan for the Obuasi footprint is also fencing of the new workshop and new Abiderk and Sons Limited, also a Tarkwa, Basic School. said putting up the school block was to for the mine, hence for these projects being developed to include pedestrian ablution facility which is 95% local contractor has the responsibility The contract has been awarded to make an impact on the lives of the to be safe and delivered on time, movement, parking space outside the completed will be occupied by the of refurbishing 15 houses at the Bruno Ziggurat Investment Limited and future leaders. AGAG site management teams battery limits and vehicle movement construction crews in the next period. Estate, whiles 10 houses at the work is expected to be completed in "The foundation of the building collaborate closely with contractors during peak hours. Dankwa and Biney Estates as well as four months. The project is valued at will symbolize the basis of our leaders who are renovating the various estates Refurbishment Works the Operational Areas have been 1.5 million Ghana cedis. whether they will be children from the on the mine for newly employed staff. Progress on Demolition Works The Obuasi Mine is proud of its assigned to Bachor Company Ltd. Speaking at the sod cutting staff of the university, the mine or This commendable act of Jodi Construction has completed association with Obuasi Local Additionally, 15 houses at the ceremony, Ag Managing Director for members of the community frequently interacting with contractor pulling down works at the Sulphide Contractors since the Redevelopment Tiny Rowland estate are being Iduapriem Mine, Stephen Asante surrounding us - but we are laying the employees to ensure safe work Treatment Plant (STP) and moved on phase of the mine. This is evident in renovated by Dompeace Ventures, Yamoah said AngloGold Ashanti starting point for quality life through practices are adhered to, contributed to the Oxide Treatment Plant (OTP). the renovation works at the various also a local contractor. places a lot of premium on education education," Mr Musadaidzwa said. to the significant milestone of 1 At the STP, the platform around the estates of the mine which is Further to that, the Anyinam and is, therefore, committed to The Vice Chancellor of UMaT, million Lost-Time-Injury (LTI) free SAG1 and Ball Mills was reserved to progressing satisfactorily. Kilon Lodge which serves as a Guest House improving the quality of teaching and Prof J. S. Y. Kuma, commended man-hours recorded in June 2019. secure access for inspections. A Design and Build Limited, a local for the mine, is receiving a facelift learning in host communities and Iduapriem Mine for coming to the aid Further to that the first value of the portion of the Desorption Structure at contractor who has been consistent in which is being undertaken by mine, safety is strictly adhered to with the OTP Oxide Treatment plant has delivering on its targets since the start DeLloyds Limited, another Obuasi the integrated Health and Safety also been reserved to support the old of the Obuasi mine is responsible for local contractor. The contractor has (H&S) team meetings focusing on Gold house diesel feed tank. renovating the 200 apartments at the been performing the renovation TRANSCRIPT OF THE INTERVIEW BETWEEN MR. SULEMANU KONEY ensuring that all procedures are in line Demolishing of the Hydra Fill Sam Jonah Estates. works steadily in line with schedule. with legal and corporate requirements Plant was scheduled to start in July. The contractor has handed over For the Month of June works Continue from page 11 and to guarantee that a single set of Meanwhile 1600 tons of scrap has Section six (6) consisting of fifty-two commenced on Block D, the Natural Resources, traditional about 70% of this is supplied by going into the supply of goods and value chain. We have also been procedure governs all activities at on been removed while the removal (52) houses and has since moved to Conference Area, Palava Hut, authorities, and the Ministry of indigenous OMCs. I am sure people services including energy and power. working with the Ghana Standards Finance. will be surprised about this. Now, BERNARD: We have done this Authority to ensure that all the local BERNARD: And what is this Board when it comes to recording of the before the 1900s, we're in 2019. Two input which goes into the mining supposed to do? performance of these OMCs, will it go questions in one, do we have any industry are of the required KONEY: It's supposed to oversee and to the mining sectors? No. it will go to minerals left? What are the prospects standards. And we continue to engage supervise the utilization of this fund. the energy sector. So, you have a lot of for mining in Ghana? I'm asking this government to come to the table, One of the sweet things about this is connectedness between the mining in the contest of Obuasi. It took a especially the Ministry of Trade and that, we don't just have an industry and other sectors. while for Ashanti to comeback in Industry so that they can actually overarching Board at the national BERNARD: But that's just one there to see the viability of the mine produce to the required standard for level, but we also have a local example. and they wanted to go back and us. We have been showcasing development committee at each of the KONEY: This just one example. everybody seems to be happy. How activated carbon that for us is critical mining districts. So, you have a There are service companies too. promising is mining in the next because it's a major input which will situation where key representatives Again, you can take the example of hundred years? help us in the recovery of the gold, but within the community also serve on power. Power costs about USD$307 KONEY: I didn't remember any good this application goes beyond the the local development committee. We million, on average to the mining continent which is promising. We mining industry. And it's our believe this is a good structure to industry. Of course, who are the have barely scratched the surface as expectation that, once we have a local work with but we need to hasten to major suppliers of power to the far as we know. We have practically company producing it, we would also have it operationalised. So, for mining industries? VRA and ECG. focused on gold, but there are a lot of have the opportunity to sell to other example, we have the mining BERNARD: But those are normal in development minerals. Most recently, industries within the country. Again, companies within each district also every country. In every country where we've been able to make commercial we have worked with other Chambers represented on the committee, we there is mining, there would be power, finds in lithium for which we're quite in the West Africa sub region to set up have the youth groups, traditional there would be fuel. That's not what excited about, and its not in the usual the ECOWAS Federation of authorities, the DCE, and so on, just we are really talking about. When mining enclave, its in the central Chambers of Mines to broaden the Stanbic Ghana pledges continuous support to mining sector making sure that they have wide we're talking about enclaves, we're so region. Recently, I'm not too sure you market base of the industry. The tanbic Ghana has expressed its supported the mining companies and mining industry across Africa puts module. representation around the table to much focused on the artisanal artefact have seen a video, which has gone Secretariat is in Ghana. We believe continuous support to the drilled down their suppliers and them in the best position to offer She posited that, as a result, the discuss the issues of development. The industries. viral of a firm [that] is producing tiles that the market should not just be in Smining sector to leverage on its contractors, helped in buying fleet tailored made financial solutions to bank launched the Small and Medium expectation is that, the [part of the] KONEY: I know of examples. Obuasi in this country using our own raw Ghana. We should make it much skills in corporate finance, advisory, and mining equipment, supported in mining companies. Enterprises (SMEs) Incubator aimed 20% which I talked about earlier on in its hay days will work with Suame materials. So, there is so much we bigger than that within the West risk management and knowledge of environmental guarantees and "We have specialist mining teams at building strong small enterprises to will go to fund the minerals Magazine to fabricate components have in this country, and we will Africa Sub-region. Gold is quite the financial markets. invoice discounting. across Africa consisting of help accelerate the socio-economic development schemes that are for them. We have a lot of engineering continue to actually rely on mining for important within West Africa. Of the The bank was of the view that the "This is necessary because we Geologists, Mining Engineers and development of the country. expected to be put in place within the service companies who actually do so many years to come. top ten gold mining countries in support initiative was critical because believe to get value as an economy, Relationship Managers who deliver Ms Akamboe said the sector was communities. business with the mining industry. BERNARD: Any special activities Africa, five actually come from West Africa was the largest producer of that value has to transform from these tailor made solutions for our clients," essential because when the SMEs are BERNARD: A lot of people say the Now, payment for goods and services the Chamber of Mines is doing to Africa. Therefore we expect that gold and a key driver to the country's foreign mining companies through to she added. supported, it helps build up mining sector in Ghana is an enclave to the mining industry in 2017 was create this synergy you've been coming together we will be able to socio-economic development. the value chain, the contractors to the She said as part of its performance competitiveness and the capacity to sector. USD$1.235 billion, those are services talking about? broaden the market base so that Ms Juliet Sheiddy Akamboe, Head suppliers and the employers to get the in the sector, the Bank had won play in the global or regional KONEY: It is not at all. and goods supplied by Ghanaian KONEY: There are number of things. entrepreneurs within the country who of Mining and Metals, Stanbic Ghana, needed benefits," he added. several awards which reinforced the marketplace. BERNARD: How many sectors are firms. In addition to that, we have Remember I spoke about our portal are supplying to the mining industry said this in Accra on the sidelines of The Bank had supported Gold Bank's position as the top in the She said the Bank was hoping to linked to the mining sector? USD$307 million coming from ECG which we advertise on our website - a will be able to extend their enterprises the 2019 Ghana Mining and Energy F i e l d s G h a n a L i m i t e d i n country and the continent with a deep bring other financial entity on board KONEY: There are so many. I have and VRA, and then we also have local content portal. It talks about all even within West Africa as well. Summit. implementing their strategy of specialization in natural resources. to address the fears in relation to this typical example, you have a diesel, which is about USD$ 285 the opportunities within the value BERNARD: Thank you very much The Summit was on the theme consistently increasing production Ms Akamboe said the Bank was lending to the mining value chain so situation where, I think, the supply of million. So when you put all of these chain of the mining industry. We have for your time Sulemanu. "Harnessing Mining and Energy through exploration, local content looking forward to support the that other financial institutions can diesel to the mines constitutes about together, you're talking about 50% of also been engaging the AGI to KONEY: It's a pleasure Ben. Potential to Accelerate National empowerment, expansions and education system in the mining sector open up to the mining sector to their USD $280 million per annum; and the revenue of the mining industry showcase the opportunities within the Development." acquisitions. in upscaling young entrepreneurs to contractors and suppliers to make a Ms Akamboe said the Bank had She said the Bank's expertise in the grow and expand their business difference in the country. Page 6 CHAMBER NEWS CHAMBER NEWS Page 15 Iduapriem Retains Operational Excellence Award TRANSCRIPT OF THE INTERVIEW BETWEEN MR. SULEMANU KONEY, CHIEF EXECUTIVE OFFICER OF THE GHANA CHAMBER OF MINES AND ngloGold Ashanti (AGA) Iduapriem Mine performance on AISC, the mine's performance has once again been adjudged the best potential as well as continuous improvement HOST OF THE CITI BREAKFAST SHOW, MR BERNADINHO KOKU AVLE ON Aperformer in Operational Excellence at the measures which were set at the beginning of the TUESDAY, 18TH FEBRUARY, 2019 AGA Continental Africa Region Q2 Quarterlies. year. The Best Quarterly Performance Award was OE800 aims to leverage a culture of continuous bestowed on Iduapriem mine in recognition of its improvement combined with a drive to improve all BERNARD: Sulemanu Koney is the example, in the last three years, we've Because you need to have a extracted. performance through achieving the greatest key Operational Excellence metrics, optimise CEO of the Ghana Chamber of had a good fortune of having the deliberate approach towards these BERNARD: When we say a royalty Forecast Accuracy and bettering the Budget for the operating costs and capital efficiency across the Mines. He is here to help us think Minerals Development Fund Act things, and unfortunately, we don't is paid. What is royalty and how is the Quarter. Iduapriem picked the Q2 OE Award for operations as well as ensuring an appropriate mining again and what we can do passed. But to operationalise this, you seem to have that. We assume that, as royalty distributed? delivering an All-in-Sustaining Cost (AiSC) of Operating Model support structure. It is essential with the sector. Sulemanu, great to need the governance arrangements a nation, once you have a mining KONEY: Royalties are actually paid US$ 836/oz against the budgeted US$998/oz. that this work translates into a systemic and have you. Good morning. put in place. Because, freeing money industry, things will actually happen, on the gross revenue of mining During the Q1 Quarterlies, Iduapriem Mine had sustainable performance improvement resulting in KONEY: Good morning Ben, how are i n t o c o m m u n i t i e s w i t h o u t but they don't just happen. companies and generally it's 5%. picked the Award for Best Performer in Production increased cashflow into the future. you? governance arrangement is like BERNARD: It is interesting you say Once this is paid, it goes into the and Operational Excellence. These achievements Receiving the Award on behalf of Iduapriem BERNARD: I'm well, thank you. throwing money away. So, it has that the fiscals are not important. I Consolidated Fund. The Mineral were supported by solid performance in key Mine, Ag. Managing Director, Stephen Asante S o , w h a t ' s t h e C h a m b e r ' s taken us about three years, and we are have here with me a data from 2010 to Development Fund Act requires that metrics against Operational Excellence Yamoah, attributed the achievements to the responsibility? still sitting and waiting for the 2017. So, in absolute terms the 20% of that is actually retained. [50% benchmarks as well as good performance on the collective effort of the entire Iduapriem team, KONEY: The Chamber is an overarching board to be set up, so that amount of money we get from of what is retained] goes to the Office ideas pipeline. stressing that the Mine is on course to deliver advocacy organization, representing they can actually govern this mining, by taxes and royalties, of the Administrator of Stool Lands, Every quarter, each site within the AGA sustainable performance improvement and become the interest of mining companies, that legislation, which we all believe is a increases but the percentage a n d d i s b u r s e d t o v a r i o u s Continental Africa Region (CAR) is assessed a world-class operator, safe and profitable in all actually subscribe to our values and good thing. contribution of that is reducing. communities, traditional authorities, against a set of criteria which measures target circumstances. ethos. BERNARD: Let us look at the Comparing the figures to job and relevant district assemblies. And BERNARD: And for how long has various things mining does, and look creation, are we missing a click? then you have other portions which the Chamber being in Ghana? at the most important. Definitely KONEY: And nobody should get me now, under the Mineral Development KONEY: 91 years this year. Last year, there is money - fiscal issues, so taxes wrong. Fiscals are so important. Fund, 20% will go into funding Iduapriem Mine pushes for local content; we were 90 years. and royalties-, then there's job Government needs these moneys to community development schemes, BERNARD: We have mined in creation, then there's the link to other implement projects. But then, we are and other smaller portions go to state Ghana for over hundred years, what's industries, and then there's also talking about a situation where you institutions, research institutions. So, your overall verdict in your view on maybe human resource development. have a lot of technology, automation, proportions that actually go into offers more jobs to host communities mining. Would you say the fiscal is the most and mechanization go into the mining development within the communities KONEY : My verdict is that, we have important? industry to ensure that we have a are quite insignificant. n g l o G o l d A s h a n t i Project last year benefited immensely from the mining KONEY: No. The fiscal is not the productive enterprise, you move staff BERNARD: I was going to ask why mining towns look the way they do? (Iduapriem) Limited, which in support of the industry. It is just that the structures most important. And it is one of the and employees out of harms way. So, we need to put in place to ensure that major challenges of the mining naturally the numbers who are KONEY: Because we have not been operates the Iduapriem Government of A we capture it and benefit more industry, not just in Ghana but in employed directly by the mining deliberate about that. We have always Mine, has offered more than 100 jobs G h a n a ' s optimally from the mining industry Africa. Often times, when countries companies will dwindle. And that is assumed that once you have a Gold to people in host communities since Planting for have not been put in place. The good want to mine, the first thing they look where we need to start looking at the F i e l d s i n O b u a s i , Ta r k w a , the beginning of 2019, following the Food and Jobs initiative. thing is that, in the last few years, we at is the fiscals. And you remember we value chain of the mining industry, to a u t o m a t i c a l l y y o u s e e implementation of its Community are seeing the beginnings of those had to liberalise our mining ensure that products or inputs that we transformation, but it doesn't work T h e s e Employment Procedure. structures. Effectively, collaboration industries in the mid-80s when the have a competitive advantage to like that. What we need is a plan. We initiatives have Highlighting the drive to hire between the mining industries, economy was on its knees. produce, we don't import them. We are quite happy with the Mineral p r o v i d e d members of the host communities at governments and civil societies, Government at the time said, how can need that deliberateness between the Development Fund Act, because it is e c o n o m i c Iduapriem's annual Thanksgiving ensuring that we put in place those we kick-start the economy? Why don't mining industry and generic industry. something we have actually Service, Mr Jasper Musadaidzwa, the opportunities structures, which will help us to really we liberalise the mining industry to We have been doing our part by advocated for. Unfortunately, like I Managing Director of the operation, for about 30 harness and benefit more optimally get private capital to come in there to engaging with the AGI, for example, am saying, we have not been able to said it had already hired 116 people as households in from the mining industries. So, there start running the mines all over going out there to publicise the operationalise it, three years down part of its Community Employment h o s t is light at the end of the tunnel. again, so we can get the forest opportunities within the mining the road, effectively because we don't Procedure. communities BERNARD: Are you saying the bringing in raw materials, industry on our online portal, have a Board. Government has AngloGold Ashanti recognises and work is structures that we need to put in place intermediate items, and so on, and so engaging with Ghana Standard assured us that the Board will be put how important jobs are to the underway to for the sectors revenue and all the forth. So, generally that has been the A u t h o r i t y t o h e l p u s w i t h in place very soon. community and has been working e x p a n d t h e things it does to benefit us, have not framework, and developmental standardization of inputs into the BERNARD: This is interesting, in with the Community Employment projects. being properly put in place? aspect of mining has been lost. mining industry. But we need to have 1993 we established the Mineral Committee to co-ordinate and ensure Referring to KONEY: Exactly. And it has been one Developmental aspects in terms of government also come to the table, so Development Fund but the law into fairness and transparency in o n e o f t h e of the challenges we've had with the skill development, supply chain, and that when we're talking about mining, mineral development fund is a 2016 community employment processes. c o m p a n y ' s help the industry to grow. "…make known among the nations way the mining sector has been so on, have been lost. And therefore we know that there is a direct linkage act, why did it take us so long? To-date, 90 percent of those goals, Mr Musadaidzwa said: "It "I urge you to continue what He has done" (Isaiah 12:4 NIV), managed over the years. An example although in the legislation you have with the other sectors of the economy. KONEY: But that's the thing with us. employed are in the unskilled job would be gratifying if we could get to introducing innovative programmes with Apostle John Appiah Aidoo, is the, need for a mineral revenue situations where government expects I have a good friend who says that, So, we've had the administrative fiat, category; 112 are men and 4 women. a point in the near future where the and social interventions to make your Area Head, of the Church of management law. We are sitting with that companies will procure goods without the linkages you have a lot of and this is something we've had for a Speaking at the 17th Annual Non- communities will provide testimony host communities much better off Pentecost, Tarkwa, delivering the a situation where, when you get and services from within the country leakages. And you don't want that, number of years before it was backed Denominational Thanksgiving that, indeed, they are better off for than when AngloGold Ashanti met sermon. revenue from the mining industry to the maximum extent, if possible, to you want to retain as much value by law. Unfortunately, yes you have a Service, Mr Musadaidzwa, said AngloGold Ashanti having been them," Mr Koney said. The occasion was also used to goes into the Consolidated Fund, it be consistent with safety, economy, within the country as possible. parent act, you don't have a I d u a p r i e m w a s w o r k i n g here". The celebration was attended by launch the 15-year anniversary ends up there and nobody knows what and efficiency, practically, no B E R N A R D : A n d w h o s e legislative instrument to regulate it, collaboratively with stakeholders and Mr Sulemanu Koney, the Chief several personalities, including the celebration of AngloGold Ashanti actually happens to it. And after framework was put in place until responsibility is this? Is it and you also don't have a functioning business partners to address both the Executive Officer of the Ghana Member of Parliament and Limited's merger with Ashanti several years, we asked the question, around 2012. And even there, there government? Board. gender and skills gaps that has been Chamber of Mines, commended Municipal Chief Executive for Goldfields Limited. what did we get from the mining are still issues regarding how we can KONEY: I think government should BERNARD: Do we know what the identified in employment in the host AngloGold Ashanti for being a Tarkwa Nsuaem, representative of industry? So, we need to put in place work effectively with government to lead the way. We are more than Board should be constituted of or who communities. trusted partner and significant the Western Regional Minister, the those structures. Again, we often ensure that this happens. I'm quite willing to collaborate. We have should it be constituted of? He said the Mine, in collaboration contributor to the advancement of the Chief Executive Officer of the Ghana times complain about the state of happy with the CEO of the Minerals requested the University of Mines and KONEY: A number of interesting with the Department of Agriculture of mining industry in Ghana. Chamber of Mines, the clergy, mining communities, but what Commission, who seems to have a Technology to help us with a mapping re p re s e n t a t i v e s . We h a v e the Tarkwa Nsuaem Municipal He expressed the hope that the traditional authorities, among other structures have we also put in place to very good vision regarding how the between the mining industry and the representatives, at the national level, Assembly, had also piloted a Iduapriem Mine will continue to distinguished personalities. ensure that they also benefit besides Minerals Commission can work with rest of the economy. Once we have from the Chamber of Mines, Ministry Vegetable Cooperative and Piggery chalk up several other successes and The service was on the theme the voluntary initiatives that mining the Chamber of Mines to ensure that this mapping, all the opportunities, of Environment, Science and industries would actually take. For we put in place these structures. which we were actually losing will be Technology, Ministry of Lands and Continue on page 12 Page 14 CHAMBER NEWS CHAMBER NEWS Page 7 Prof. Frimpong-Boateng inaugurates "Galamstop" Taskforce Newmont Goldcorp Ghana and Junior Achievement rofessor Kwabena Frimpong- The event brought together prevent illegal miners, including minerals. B o a t e n g , M i n i s t e r o f participants from five mining districts foreigners, from aggravating the hold New Futures for Girls Leadership Camp in Akyem E n v i r o n m e n t , S c i e n c e , a n d m u n i c i p a l i t i e s , n a m e l y situation. Assurance P External Relations, Adiki O. Ayitevie, represented in STEM disciplines; a Technology and Innovation, has Denkyembour, Atiwa East and West, Prof. Frimpong-Boateng said the The Director of Operations for the Regional Vice President for Human good reason why young girls must be inaugurated a "Galamstop" Taskforce Fanteakwa South and Abuakwa government was committed to "Galamstop" Taskforce, Mr Kingston Resources Awo A. Quaison-Sackey, e n c o u r a g e d t o p u r s u e s u c h to protect the Birim River and its South. ensuring that people did not carry out Akomeng Kissi, gave an assurance Nana Ama Agyemang Asante of professions, especially in mining." tributaries in the Eastern Region from illegal mining activities in water that his team would work assiduously Accra based Citi FM, and a 'Our aim is to develop the leadership pollution. Importance of the taskforce bodies. to realise their objectives of keeping representative from Women in Mining skills of these young women and The task force is made up of 62- According to Prof. Frimpong- "We are also using drones to gather the Birim River clean at all times. (WIM) Ghana, Nana Ohene Adu. prepare them for the future. For us at members who have been given Boateng, the meeting was also some information on activities of the For his part, the Managing Director Other Newmont Goldcorp Ghana Newmont Goldcorp Ghana, our training in diving, swimming and intended to fashion out ways to stop illegal miners. of Kibi Goldfields, Mr Kofi employees in Human Resources, values of Sustainability and Inclusion other techniques at Asutuare to aid illegal mining activities in the Birim We have provided 15 drones and Agyemang, called on other large- Operational Services, Legal and enjoins us to serve as a catalyst for them in their activities, while boats River, adding that "things are trained drone pilots to help the scale miners in the region to come Communications also engaged the local economic development and have been acquired to facilitate their improving but we want a dramatic "Operation Vanguard" in their together and form an association to girls, sharing with them the various ensure the creation of an inclusive work on the river. improvement in the Birim River that operations," he said. ensure best practices in their professional opportunities in mining. environment where all people can The task force was inaugurated at a is why we are engaging you." Prof. Frimpong-Boateng further respective mining operations. As part of the activities, the girls had a thrive", he added. stakeholders' meeting on illegal The minister explained that it was emphasised that it was illegal to Source: Daily Graphic facility tour of the Akyem mine's pit Through this and other initiatives like mining in Kwabeng in the Atiwa West in line with this that the government dredge, mine in rivers or use he mining industry has always the country. area, processing plant, reforestation its University Strategy, Newmont District in the Eastern Region. confiscated many excavators to chemicals in water bodies for b e e n c o n s i d e r e d m a l e As part of the partnership, project and water storage facilities to Goldcorp Ghana believes that Tdominated. Over the years, Newmont Goldcorp and JA Ghana, learn about the process of gold mining supporting the youth and women, Gold Fields boss adjudged Outstanding Mining CEO for 2018 efforts have been made to increase organized the maiden edition of the a s w e l l a s t h e c o m p a n y ' s especially in STEM disciplines, female representation in the industry. New Futures for Girls Leadership e n v i r o n m e n t a l m a n a g e m e n t would contribute greatly to creating he Executive Vice President and well as national and host community In February 2019, Mr Baku cut sod Fields rehabilitated at a cost of over $26 Contributing to this effort, Newmont Camp, an initiative aimed at programmes. an inclusive and diverse talent Head of Gold Fields in West development. for work to begin on the upgrade of the million, is expected to be commissioned Goldcorp Ghana in line with its empowering young girls between the Speaking about the initiative, pipeline for the mining industry in the TAfrica received the Outstanding "This is a prestigious award and I feel Tarkwa and Abosso (T&A) Football in July this year. inclusion value and National ages of 15 to 25 years to broaden their S e n i o r Park. The company is also set to Mr Baku joined Gold Fields in 2002 Mining CEO of the year award at the 9th humbled to be recognised. I have a great Corporate Social Responsibility future career options. The event D i r e c t o r refurbish the Apinto Government and rose through the ranks to get the top Ghana Entrepreneur and Corporate team that supports me to ensure that our Strategy, signed a Memorandum of sought to give the girls an overview of f o r Hospital in Tarkwa. job. He previously served as the General Executive Awards. strategic objectives are achieved. We do Understanding with its development the various career opportunities Communic Alfred Baku was honoured at a this in order to make our business Gold Fields is investing close to ¢100 Manager at the Tarkwa and Damang partner Junior Achievement (JA) available to them in mining and million in the two projects. The 33-km mines and was later promoted to Senior ations and ceremony last Saturday for his sustainable for the benefit of all Ghana, in 2018, to leverage develop their interest in the industry. E x t e r n a l exceptional leadership in overseeing stakeholders," he said. Tarkwa and Damang road, which Gold Vice President for West Africa. programmes that promote the pursuit The two-day event, held at Relations, Gold Fields' expansion with the Mr Baku, who has over two decades of Science, Technology, Engineering Newmont Goldcorp's Akyem mine A g b e k o acquisition of a 45% stake in Asanko of experience in mining engineering, and Maths (STEM) subjects and about hosted 32 girls from various Gold Ghana last year, among other became the head of Gold Fields West A z u m a h careers among young girls. high schools in Ghana, including s a i d , achievements. Africa Region in February 2014. Newmont Goldcorp Ghana's Kinbu Senior High School, Labone The awards ceremony, organised by Since then the company has grown "Although CSR Strategy also focuses on Secondary School and the Wesley p r o g r e s s the Entrepreneurs Foundation of Ghana, steadily, driving a citizen agenda, which developing outcomes aligned with the Girls High School contestants from also recognised other corporate ensures that benefits are appropriately has been UN Sustainable Development Goals the recently ended National Science m a d e , executives and entrepreneurs for their shared with stakeholders. (SDGs) which seek to create decent and Maths Quiz. immense contributions to job creation " We d r i v e o u r c o m m u n i t y w o m e n work and economic growth (SDG 8) Speakers at the event included and Ghana's economy. development through our foundation, still remain Gold Fields, under Mr Baku's the Gold Fields Ghana Foundation, and forge partnerships that contribute Newmont Goldcorp Africa's Regional u n d e r leadership, has distinguished itself as a which has so far spent over ¢300 million to achieving these goals (SDG 17) in Vice-President for Sustainability and frontrunner in the mining industry in o n c o m m u n i t y p r o j e c t s a n d Ghana. programmes," Mr Baku said. Mr Baku said the award was in This year, Gold Fields has directed its Newmont Goldcorp partners Bridge of Life to Support Ahafo Communities recognition of his company's continued focus on high impact projects with long- efforts in setting standards in operational term benefits to the communities that Golden Star Resources President and shared by US based benefited from the mobile clinics and therefore do not visit the hospital and excellence, safety, environmental surround the company's Tarkwa and n o n - p r o f i t h e a l t h were screened for chronic diseases so it's great that Newmont Goldcorp stewardship, business sustainability as Damang mines in the Western Region. Chief Executive Officer visits Ghana organization, Bridge of such as hypertension, diabetes and has brought this clinic to our L i f e , w h e n t h e y kidney disease. They were also doorsteps. Also, some people have 2019 Ghana Mining and Energy Summit sets r Andrew Wray, President and stakeholders, the country Ghana and i n t e r a c t e d w i t h oriented on healthy lifestyles that can diseases they are not even aware of agenda on local growth C E O o f G o l d e n S t a r specifically our mining communities, members of Newmont prevent these diseases. but thanks to this well-structured Continue from front page MResources arrived in Ghana continues to be operating strong mines Goldcorp's Ahafo host "Drink lots of water, reduce salt exercise, they have been diagnosed for his first visit to the country's that provide value to all and leaves a communities recently. intake, eat lots of fruits and and referred for further treatment" enterprises, which are not only business process. Operations after taking up the helm of beneficial footprint for coming It had been discovered vegetables, be careful with pain On behalf of Bridge of Life, Lori competitive but also viable in the long- "As a country, the time has come to ask affairs at the company on May 1, 2019. generations. d u r i n g t h e s e medication, don't smoke or drink Vaclavik thanked Newmont term." ourselves whether we are adequately In addition to visiting the company's Already, we have had a solid start to interactions that most of alcohol. These will make a Goldcorp for supporting the mission Mr Eric Asubonteng, President taking advantage of Ghana's mining operations at Wassa and Prestea both in 2019 with our Wassa operations, and are the people were not tremendous difference in keeping and making it possible for the team to Ghana Chamber of Mines, said despite opportunities to enhance the nation's the Western Region of Ghana, Mr Wray on track to making our Prestea drinking enough water ourselves healthy so that we can live provide medical care to the people. the challenges the country had faced chances at improving livelihood and will pay courtesy calls on the CEOs of operations come up to its full potential." and as a result, injuring normal lives," Lori Vaclavik, "I've gone on many medical missions with the ban on illegal mining, Ghana reducing poverty. the Minerals Commission and The Mr Wray comes to Golden Star with their kidneys. The 10 Executive Director of Bridge of Life and I think this is the best one…and I became the leading producer of Gold The Chamber, he said would continue Ghana Chamber of Mines. a strong and varied background in both member medical team advised. really hope we can come back to in Africa, displacing South Africa last to work with stakeholders in the He will also call on the Minister of mining and finance, with his most recent ater can prevent and in therefore took the opportunity to The medical team pitched camp in Ghana soon and work with Newmont year. industry in advocating for a realistic Lands and Natural Resources. position being the CEO for La Mancha some cases treat many of provide some education in that five of Newmont Goldcorp Ahafo's Goldcorp to serve more people," she "It is vital that we put in the fiscal and regulatory regime based on These visits are to familiarise group, an investment business with the diseases people himself with the regulatory and industry assets in gold producers across West W regard. southern communities of Kenyasi No. concluded. appropriate win-win measures to be fair participation by all. grapple with. Medically, it has been appointed bodies of Mining in Ghana. Africa as well as Australia. These medical engagements took 1, Kenyasi No.2, Ntotroso, Gyedu, Over the years, Newmont Goldcorp able to tap all the value within the Mr Suleiman Koney, the Chief proven that regular intake of water Commenting on the visit, Mr Wray Within the mining sector, he also place when Newmont Goldcorp and Wamahinso during the five-day has partnered with non-governmental sector in order for the state to fully Executive of the Ghana Chamber of helps maintain blood pressure, reiterated Golden Star's commitment to worked with Acacia mining as its Chief recently partnered Bridge of Life to health screening exercise. organizations such as Project benefit from the minerals," he said. Mines, said the summit allowed prevents kidney damage and helps all its stakeholders, including Finance Officer. Prior to this, he advised provide free medical screening for its "Nana Kofi Atuahene Panin, C.U.R.E, an international non- He said in spite of the performance of stakeholders to interrogate the issues with weight loss, among others. employees. companies across a range of sectors in Ahafo South host communities. The Sanaahene of Gyedu, thanked governmental organization to offer the country in gold production, most militating against the growth and Unfortunately, many people are "Having operated in Ghana for capital-raising activities and other initiative is part of the company's Newmont Goldcorp Ghana for their free health screening and medical large-scale gold producers continued development of the two important oblivious of these enormous health nearly 20 years, as a responsible strategic objectives with JP Morgan global strategy to help improve efforts in promoting healthcare in the supplies and equipment to the various t h e n e c e s s a r y d i s c i p l i n e o f sectors of the economy. benefits of water, and do not drink corporate citizen, our commitment to our Cazenove as well as the Kuwait quality healthcare in its operational communities. "There are people who health institutions within its reorganizing and streamlining their water consistently. This was one of the key messages areas. More than 1,500 people do not have health insurance and operational areas.

orld Bank has approved plantation activities in all the regions World$19.39 Bank million grantsfor Ghana to $19.39 mentioned millionabove. to Whelp reclaim mining areas The report states that financing Ghanadestroyed inby activitiesreclaim of "Galamsey" mining operation destr willoyed be fully arconsistenteas with operators. the World Bank group goal to end The funds would be disbursed in rural extreme poverty and to promote shared communities where mining activities prosperity with environmental, social occurred. and physical sustainability. The regions that have been named to The goal is also aligned with the recent benefit from the fund are the Bono systematic countries diagnostic which Region, Ahafo Region, Ashanti Region, prioritise the need for taking immediate Eastern Region and the Western region. measures including implementing the The $19.39 million would be cocoa forest mosaic lands scape, control disbursed based on a two tranches of a mitigation of artisanal mining and grant and a loan of $9.89 million for stopping deforestation and degradation. artisanal small scale gold mining and According to the World Bank, the forest land scape. operation also aligns with the Ghana according to a report by City news sustainable growth of development desk report, a $9.50 million will be used agenda which seek to achieve socio- to build private sector engagements in economic transformation to create a Page 8 CHAMBER NEWS CHAMBER NEWS Page 13 Gov't Gets MMIP Funds To Fight Illegal Mining Minerals Commission to roll out he government has secured part of the funds others. needed to end the damaging effects of illegal 50% of the amount is to come from funding partners, scheme on sustainable mining Tmining across the country. 20% from the Government of Ghana, 20% from PPP The money will be spent under the Multilateral and the remaining 10% from corporate bodies. help eliminate illegal mining strengthen its collaboration with the Mining Integrated Programme (MMIP) designed by Though there are laws to regulate the level of activities from the country. security agencies, especially the the government to regulate artisanal small-scale devastation and the reclamation of mined areas, Consequently, he said, the police, to increase their presence in mining and to reclaim lands destroyed by illegal evidence from the resource-rich areas shows a commission had started engaging the mining communities to help stem mining. breach of the laws. with key stakeholders at the the tide on 'galamsey' activities. The five-year project is an initiative of the Ministry The Minister for Lands and Natural Resources, metropolitan, municipal and district Recall of Lands and Natural Resources. Asomah Cheremeh he will ensure Cabinet approval and community levels to help The illegal mining pits, said to be The cost of the Multilateral Mining Integrated for the project. implement the programme. owned by some individuals and Project (MMIP), has been pegged at $200 million, "A reclamation exercise largely at our ministry falls "We want to make sure that mining groups, had been at the centre of which is up by $50 million in the initial estimate put under the MMIP. The MMIP is yet to be launched. I is done in a legal way, so that lives and explosions at the Pubortaaba and forth in a policy document. will start defending the memo we have put before livelihoods will not be affected. So we Yenyeya mining concessions that The amount is expected to be financed by statutory Cabinet subcommittee after which it will come want to get traditional rulers, leaders claimed some 16 lives in January this funds such as the Mineral Development Fund and before the cabinet for a decision to be made on that. of notable illegal mining groups and year. Annual Budgetary allocation from Government. If the response is favourable thereafter we will start other opinion leaders to support the The illegal mining groups were said Other sources of funding include partnerships with the reclamation exercise. Part of the money has been initiative to deal with the negative to have encroached on the Diplomatic Missions, Civil Societies, Corporate procured. On 20th April we will have to be in Paris, impact of illegal mining activities on concessions of the Pubortaaba and bodies and other funding organizations through France, to finish the MMIP funding issue" he communities," he said. Yenyeya mining companies. Public Private Partnership arrangements among explained. Mr Antwi-Boasiako said this when Acting on the ruling of a High a team from the Ministry of Lands and Court, the Deputy Minister of Lands Natural Resources and the Minerals and Natural Resources in charge of Commission visited Gbane, a mining Forestry, Mr Benito Owusu-Bio, led National Conference On the Mineral Development Fund community in the Talensi District in the team to Gbane last Wednesday to the Upper East Region, to close down seal those illegal pits. Act, 2016 (Act 912) Held in Accra some illegal mining pits in the area. "We will soon organise illegal he Chief Executive Officer ensure sustainable small-scale Monitoring miners into community mining he Ministry of Lands and prioritize financial resources for the effectively implemented in order that The objective of the conference (CEO) of the Minerals mining in the country. He said the commission was taking schemes, so that they can be Natural Resources (MLNR) direct benefit of mining communities revenues from mining investments was to discuss the progress and TCommission, Mr Kwaku According to him, the move was steps to fully decentralise its regularised to mine sustainably. For Thas pledged total support for by setting aside a proportion of were adequately managed to challenges of MDF implementation, Antwi-Boasiako, has said the part of the government's efforts to operations by setting up more offices now, we are focused on saving the the process of building consensus and royalties for local development stimulate economic diversification share experiences of MDF utilisation commission will roll out community- build the capacity of people at the (mining districts) to monitor mining lives that are being lost and also working with other stakeholders for projects, specifically in mining host and for national and local in four pilot districts - Obuasi, Wassa based mining programmes this year to grass roots on sustainable mining to activities at the community level. mitigating the health impact of illegal the enactment of Regulations for the communities. governments to better respond to the East, Prestea Huni-Valley and Asutifi He added that his outfit would also mining methods on people," he added. Minerals Development Fund Act, Ms Asamoah noted that although socio-economic needs of their North - explore measures to improve 2016 (Act 921). the objectives for the establishment of populations. accountability and to discuss, and Mr. Kwaku Asomah-Cheremeh, the MDF were well-intended, She said under the WAGES adopt a road map for the enactment of Renewable energy for mines - a must-have Minister for Lands and Natural evidence from mining enclaves such Project, Global Affairs Canada Regulations for Act 921. Resources, who made the pledge in a as Obuasi, Tarkwa, Prestea and (GAC) was funding a six-year project Participants included key relevant enewable energy has faced More and more players are gaining Namibia consider renewables as highly In the end, it was a mix of hard cost- key note address delivered on his Akwatia, among others, had shown (2016 to 2022) being implemented state and non-state actors involved in many hurdles in trying to experience in constructing large attractive and prefer to invest their own related factors, soft factors such as behalf at a National Conference on the that the operation of the Fund through a partnership between the management of mineral revenues, Rconquer the mining sector. renewable energy plants at remote capital to own the renewable energy increased trust in renewables, and an Minerals Development Fund Act in encountered major obstacles. WUSC, the Centre for International both at the national and sub-national But that has since changed, with locations and have managed to assets. improved public image of mining Accra on Wednesday, May 15, 2019, She said communities still lacked Studies and Co-operation (CECI) and level, namely representatives from traditional diesel, heavy fuel oil (HFO) optimise the processes considerably. Some of the biggest mining groups companies and regulatory pressure that noted that Regulations or a basic infrastructure including access the Centre for Extractives and Government Agencies, Civil Society, and also gas being combined with solar The low interest rates have also had seem to be in a similar position caused mining companies to strongly Legislative Instrument had become to good roads and potable water, Development, Africa (CEDA), with Community and Companies. and wind energy to create solar-diesel a large impact on the price of renewable regarding renewables and state that consider renewable energy. necessary as a guide for the smooth adding that the utilisation of revenues the objective of accelerating Ghana's Also in attendance were Chiefs and wind-diesel hybrid plants which energy. Both solar and wind power they are at the moment assessing their For example, in Ghana, a draft implementation of the law and for the from mineral resources, over the past decentralisation agenda, adding that and Queen Mothers, representatives effectively reduce a mining operation's require high financing costs in the form clean energy strategy - determining legislation foresaw a certain transparent and efficient operation of decades, had not been able to address efforts to ensure that the MDF Act was from the Canadian and Australian diesel consumption. up significant upfront investments whether to create their own electricity requirement of renewables for mines in the Mineral Development Fund the basic needs and problems effectively implemented was within High Commissions, Global Media In Mauritania, SNIM built a 4.4 MW while operating costs are extremely or purchase electricity from IPPs. the country. Though never passed, this (MDF). associated with mining. the mandate of the WAGES Project. Foundation (GLOMEF) and Global hybrid wind plant and in 2012 a solar low. Traditional mining suppliers that initiative built the foundation for Mr. Asomah-Cheremeh noted that Furthermore, she said, various In a statement, Mad. Esther Happy Affairs Canada. plant with 3 MW of capacity. In South Even though 2015 was the year in have already been established in the renewable energy in Ghana and apart from the absence of Regulations reports by the Ghana Extractives Edjeani, Board Chairperson, MDF, The conference was a follow-up to Africa, a 1 MW solar power plant which mining companies started fossil fuel sector have significantly ensured that renewables became part of - which has been identified as a key Industry Transparency Initiative underscored the importance of two conferences held on December 5, project was embarked on to reduce changing their general perception of contributed to the energy transition in the agenda of many mining decision challenge to the transparent and (GHEITI) attested to the challenges guidelines on the disbursement and 2017, convened by CEDA on Mineral diesel consumption at a chromium renewable energy, it took a few more the mining sector. makers. efficient implementation of Act 921 - surrounding the utilisation of mineral use of mineral revenues and gave the Revenue Management and on March mine. years before new solar projects at At first, small renewable energy The latent threat of replacing fossil the law itself needed to be amended royalties at the local level - largely assurance that the Board would ensure 27, 2018 under the auspices of the After the mine connected to the grid, remote mines were commissioned; players struggled to convince mining fuel by renewables has also improved because it was fraught with resulting from weak alignment that mining revenues were applied for WAGES Project. the solar plant was successfully able to namely in Burkina Faso, Eritrea, companies of the advantages of solar the negotiation position of mining ambiguities which could not be between revenues collected and the benefit of the communities where The March 27, 2018 conference reduce its electricity off-take. Tanzania, Namibia, and Zimbabwe. and wind power. This view changed companies toward their traditional fuel properly redressed by Regulation. utilisation, weak planning around minerals were exploited. established the TWG which, over a While it seemed that this would be Recently, new undertakings were when players like Caterpillar, Aggreko, suppliers. Act 921, the Minister said, would, mineral revenues, delays in the Mad. Edjeani said in pursuit of that period of two months, reviewed Act the start of renewable energy announced for Mali, Ghana, and South Wärtsilä or Total and Vivo Energy When considering the future of therefore, require amendments and release of mineral royalties by central objective, the Board would critically 921 and proposed issues for the dominance in the mining sector in Africa. entered the fold. renewables in mining, THEnergy urged the Board of MDF to pursue government, inadequate systems to examine the proposals of the Multi- Regulations and potential areas of Africa, the oil price collapse in 2014 This increasing interest in These energy companies were predicts that many of the projects that that line of action. s u p p o r t t r a c e a b i l i t y a n d Stakeholder Technical Working amendment for the consideration of temporarily slowed the diffusion of renewable energy in the mining regarded as more credible players to have been planned over the past couple In his remarks at the opening of the accountability and the attendant Group (TWG) for the amendment of the MDF Board. solar-diesel and wind-diesel hybrid industry is also partly due to business partner with, not only because they are of years are about to be realised in the conference, Ms Emelia Ayipio challenges associated with resource Act 921. In 2018, CEDA had also secured the systems in the mining industry. innovations. large, well established organisations, coming months. Asamoah, Country Director, World revenues in general. The National Conference on the support of Star Ghana Foundation to In recent times, the business case for Most of the new hybrid power plants but also because they are already very This will increase the pressure on University Service of Canada Ms Asamoah said the WAGES MDF Act, organised by CEDA with establish multi-stakeholder MDF fossil fuel displacement has been are built by independent power well established players in the mining mines that fully rely on thermal power. (WUSC) and Project Co-ordinator, Project, therefore, intervened to break the support of WUSC, under its Monitoring Groups in the four pilot driven by falling of solar and wind producers (IPPs) that take on the cost of industry. Mining companies who are fully reliant West Africa Governance and the vicious cycle where local people, WAGES Project, therefore, formed districts to promote accountability in power technology prices. At the same investing in the renewable assets and When they started to propagate on diesel, HFO or gas are also expected Economic Sustainability in Extractive especially women and the youth, were part of the stakeholder engagements mineral revenue management. time, the costs for integrating then sell back the electricity to the clean energy solutions, they typically to come under threat in terms of cost, Areas (WAGES), explained that Act excluded from the benefits of mining that are expected to give a clear Source: ISD renewables into traditional diesel, HFO mining companies. were also at least partly cannibalising regulation and for environmental and 921 was passed in an attempt to investments by supporting efforts to direction to the implementation of Act and gas power stations has also It is interesting to observe that some their own core business - which is reputational reasons. regulate mineral royalties and to ensure that the MDF Act was 912. declined. mining companies like B2Gold in particularly valid for fuel suppliers. Page 12 CHAMBER NEWS CHAMBER NEWS Page 9 Commissioning of the Mechanised Water System for the 2019 GMES and 91st AGM in Focus Ullo Senior High School in the Jirapa District

Stakeholder Engagement in the Northern Region and Donation of Hospital Equipment to the Bimbilla Government Hospital Page 10 CHAMBER NEWS CHAMBER NEWS Page 11 2019 GMES and 91st AGM in Focus 2019 GMES and 91st AGM in Focus