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Ghana to launch ‘monster mines’ to boost gold production

Africa’s top gold producer Ghana will commission its first large-scale greenfield mine in more than a decade in November, with expected annual production of more than 350,000 ounces, the head of its mining sector regulator said.

Ghana, the world’s number two cocoa producer, has seen gold exploration slump over the past decade, limiting new projects and lowering output from big miners.

Martin Ayisi, CEO of the Minerals Commission, said three other new mines, including a lithium project, will come onstream by 2026 to boost the West Africa nation’s minerals production and quicken a recovery from its worst economic crisis in a generation.
Ghana last commissioned a large-scale greenfield mine in 2013 when miner Newmont launched its Akyem site in southeastern Ghana.

Since then, “exploration took a nosedive”, Ayisi said in an interview on Monday, but “we will now have commissioning galore”.

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