Resource News
Newmont ready to move quickly on Ghana, Peru projects
By resourceINTEL · October 30, 2009 · 6:44 am · Leave a Comment
TORONTO (miningweekly.com) – The second-biggest gold-miner, Colorado-based Newmont Mining, hopes to make a final decision to build a second mine in Ghana by mid-2010, which would suggest first production at the Akyem project by late 2013 or early 2014, a senior executive said on Thursday.
Newmont received approval of the Akyem environmental impact statement earlier this year, and is now working with the Ghanaian government to obtain a mining lease, said executive vice president for discovery and development Guy Lansdown.
At the same time, he said the firm is working “aggressively” to advance permitting at its Conga gold/copper project, in Peru, which could start production about a year after Akyem, pending permitting approvals and a construction decision.
“Both those projects rank right up at the top for us, and I’d say its really a race for us to get the necessary approvals to begin development of those projects,” Newmont CEO Richard O’Brien said on a conference call…read more at the Mining Weekly
