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Gold mine: Ghana wants to house the largest gold mine in Africa

14/05/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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The largest African gold mine is currently the Kibali mine in DRC, which produces more than 700,000 ounces per year. But, AngloGold Ashanti has made “significant progress” in implementing its project to create the largest gold complex in Africa in Ghana, in partnership with the South African Gold Fields

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Le projet de création de la plus grande mine africaine d' or au Ghana consiste à fusionner les mines d' or Iduapriem (AngloGold Ashanti) and Tarkwa (Gold Fields). The resulting gold complex should be capable of delivering 900,000 ounces annually over the first five years of operation. An average annual production of over 600,000 ounces is also expected over a lifespan of at least 18 years. According to Central Bank data, gold is Ghana's top export product with $7.6 billion in revenue in 2023. This represents 45% of Ghana's export earnings, far ahead of the combined revenues from crude oil and cocoa.

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