2022-11-25 11:31:14

Gold Miners Ordered to Sell 20% of Refined Bullion to Ghana

Logo Bloomberg
Bloomberg
By Ekow Dontoh

Ghana ordered large gold-mining companies to sell 20% of the metal they refine to the nation’s central bank, as the government embarks on a plan to barter bullion for fuel.

The directive will be effective Jan. 1, Minister for Lands and Natural Resources Samuel Jinapor said in a notice posted on Vice President Mahamudu Bawumia’s Facebook page. The government also ordered small-scale miners to sell their gold to the state-owned Precious Minerals Marketing Co.

Continue read on bloomberg.com

Logo Benzinga
PoliticsBy Bhavik Nair2022-11-25 01:06:43
Ghana's government is negotiating a new policy regime where it will use its gold rather than its U.S. dollar reserves to buy oil products, Vice-President...

Logo Nasdaq
Business / FinanceBy Rtt News2022-11-24 12:36:15
(RTTNews) - Sandvik (SDVKF.PK, SDVKY.PK) said Thursday that it has received a worth of 210 million Swedish kronor mining equipment order from the Chinese...

Logo NewsFileCorp
Press Release2022-11-24 22:52:00
HIGHLIGHTS Austral to receive US$5M in cash, 19.99% of E2 Metals' shares plus 15M options in exchange for 100% of SCRN Properties Ltd., owner of the Pinguino...

Logo PR Newswire
STOCKHOLM, Nov. 24, 2022 /PRNewswire/ -- Sandvik has received a large mining equipment order from the Chinese global mining services provider JCHX Mining...

Logo NewsFileCorp
Press Release2022-11-24 22:44:00
Vancouver, British Columbia--(Newsfile Corp. - November 24, 2022) - Ready Set Gold Corp. (CSE: RDY) (FSE: 0MZ) (OTC Pink: RDYFF) ("Ready Set Gold" or the...

Logo Bloomberg
TechnologyBy Bella Genga2022-11-24 16:44:12
NCBA Group Plc plans to expand into eight African markets using mobile and digital banking, a model that’s disrupting traditional financial systems. The...

Logo EIN Presswire
Price-Trend-Image Procurement Resource does an in-depth analysis of the price trend to bring the monthly, quarterly, half-yearly, and yearly information on...

Logo EIN Presswire
Welding Consumables Market CALIFORNIA, UNITED STATES, November 24, 2022 / EINPresswire.com / -- The new report from Coherent Market Insights, titled "Global...

Logo Bloomberg
PoliticsBy Ben Westcott2022-11-25 00:06:04
Australia will be more assertive in scrutinizing foreign investments in key commodities tied to electric cars and clean energy, a potential warning to China...

Logo PR Newswire
GOTHENBURG, Sweden, Nov. 24, 2022 /PRNewswire/ -- COP27 in Sharm El-Sheikh, Egypt has come to an end and Minesto concludes the participation in the Swedish...

Logo Benzinga
Business / FinanceBy Pr Newswire2022-11-24 19:50:00
Mordechai Korf & Uriel Laber of CCMA: The holidays are a time to come together, and we're committed to helping fight hunger and making our community even...

Logo EIN Presswire
EntertainmentPress Release2022-11-25 10:21:37
Mining Explosives Market 2022 Industrial Explosives Market Segmented By Bulk Explosives, Packaged Explosives Type in Mining, Metal Mining, Coal Mining,...

Logo Bloomberg
TechnologyBy Emele Onu2022-11-25 05:54:20
Metro Africa Xpress Inc., a Nigerian ride-hailing startup, plans to raise $100 million to deploy electric vehicles in 10 African countries as demand for...

Logo NewsFileCorp
Press Release2022-11-24 13:30:00
Cardston, Alberta--(Newsfile Corp. - November 24, 2022) - American Creek Resources Ltd. (TSXV: AMK) ("the Corporation" or "American Creek") is pleased to...

Logo PR Newswire
VANCOUVER, BC, Nov. 24, 2022 /CNW/ - Gold Line Resources Ltd. (TSXV: GLDL) ("Gold Line" or the "Company") is pleased to announce initial result from its 2022...

Logo Nasdaq
Business / FinanceBy Rtt News2022-11-23 12:46:28
(RTTNews) - Canadian miner New Gold, Inc. (NGD.TO, NGD) announced Wednesday the appointment of Patrick Godin as its new President and Chief Executive...

Logo PR Newswire
HALIFAX, NS, Nov. 25, 2022 /CNW Telbec/ - Fortune Bay Corp. (TSXV: FOR) (FWB: 5QN) (OTCQX: FTBYF) ("Fortune Bay" or the "Company") is pleased to announce...

Logo Inquirer.net
Business / FinanceBy Jordeene B Lagare2022-11-25 04:14:38
A rollback of up to P3.70 per liter in the prices of petroleum products is expected next week. Rodela Romero, assistant director of the Department of Energys...

Logo NewsFileCorp
Press Release2022-11-24 17:26:00
Toronto, Ontario--(Newsfile Corp. - November 24, 2022) - This report details the most recent portfolio holdings for Precious Metal Managed Funds and...

Logo Bloomberg
TechnologyBy Sidhartha Shukla2022-11-25 03:08:04
Crypto mogul Changpeng “CZ” Zhao’s vow to set up a recovery fund of up to $2 billion to help cash-strapped startups failed to dispel all the sector’s...