Ghana set to commission large-scale greenfield mine to boost gold production – Report

The government of Ghana is planning to commission the country’s first large-scale greenfield mine in more than a decade in November this year to increase gold production, with an expected annual output of more than 350,000 ounces.

In 2013, Ghana commissioned its last large-scale greenfield mine, which was operated by Newmont.

Chief Executive Officer of the Minerals Commission, Martin Ayisi mentioned that the mine, to be known as ‘The Cardinal Namdini’ mine, will be operated by Cardinal Resources, a unit of Chinese-owned Shandong which obtained an operating license in 2020.

During an interview with Reuters, the CEO of the Minerals Commission stated that that three other mines are expected to begin operation by 2026 as part of efforts to utilise Ghana’s natural resources for economic growth.

"First is Cardinal Namdini, which is a monster mine and it will produce an average of 358,000 ounces per year. Mid-year 2025, Newmont will commission another monster mine - Ahafo North."Ayisi was quoted as saying by Reuters.

He also mentioned that two additional mines would contribute about 600,000 ounces of gold to Ghana’s annual output while creating more employment opportunities.

The CEO of the Minerals Commission said that another gold mine operated by Azumah Resources and Atlantic Lithium will also start production in 2026.

He emphasised that Commission will work with the government to reduce mining exploration taxes to attract more investors to the sector.

MA/AE

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