Business News of Thursday, 7 May 2026

Source: www.ghanaweb.com

MIIF delegation visits Newmont Ahafo North Mine

The visit took place on May 4, 2026 The visit took place on May 4, 2026

The Chief Executive Officer of the Minerals Income Investment Fund (MIIF), Justina Nelson, has led a high-powered delegation from the Fund on a working visit to Newmont Corporation’s Ahafo North Mine in the Ahafo Region.

The visit, which took place on May 4, 2026, formed part of MIIF’s stakeholder engagement programme and efforts to strengthen ties with mining companies.

Nelson, accompanied by MIIF’s Chief Technical Officer, Kwabena Barning, and other senior officials, toured the site and held discussions with Newmont’s management on operations, royalties, safety, and environmental performance.

She expressed satisfaction with Newmont’s consistency in meeting its royalty obligations, describing it as important for national revenue mobilisation.

“Beyond financial returns, we are keen on partnerships that promote sustainability and long-term shared value,” she said.

The General Manager of the Ahafo North Mine, Charles Bissue, said the project had involved significant investment, including the provision of infrastructure and other social investments for surrounding communities.

He said the mine, which poured its first gold in September 2025, was performing in line with expectations, with projections suggesting its lifespan could extend beyond the initial estimate of about 14 years.

Bissue also pointed to the diversion of a public road that previously ran through part of the mine’s operational area, explaining that the move was made possible through collaboration with government agencies, traditional leaders, and local communities.

During the visit, Newmont officials took the MIIF delegation through operational areas of the mine, including active pits and processing sections, outlining current production activities and future expansion potential.

The company said it has maintained strong operational safety records, with no significant safety incidents or reportable injuries so far this year. It attributed this to its safety systems, including daily risk assessments and pre-shift briefings.

Newmont officials also outlined environmental measures at the site, including air and water quality monitoring, waste management, and land reclamation efforts. The company said it has raised more than 30,000 seedlings for the revegetation of disturbed land.

Both parties discussed challenges facing the sector, including illegal mining and site security, and highlighted the need for continued cooperation among industry players, regulators, and local communities.

The visit ended with a commitment from both MIIF and Newmont to continue engagement on sustainability, transparency, and responsible mining practices.