Latest news with #AsanteGold
Globe and Mail
05-05-2025
- Business
- Globe and Mail
Asante Gold: Scaling Production and Unlocking Value in Ghana's Proven Gold District
West Africa's Trusted Mining Destination with Growing Gold Output and ESG Leadership Why This Matters Ghana-focused gold producer with established infrastructure, ESG credentials, and an experienced leadership team accelerating mine development Asante Gold is building momentum as one of West Africa's fastest-growing gold producers. With deep regional experience and a strategic land package covering 80 kilometers of highly productive gold trends, Asante has quickly ramped up operations from explorer to operator. In 2023, the company produced 200,000 ounces of gold and plans to increase that to 355,000 ounces in 2024. Backed by a successful $160 million capital raise, the company is investing heavily into infrastructure and mine expansion to meet its 2028 production target of 500,000 ounces annually. Led by CEO Dave Anthony, with 45 years of global mining experience, Asante is uniquely positioned in Ghana—a stable, mining-friendly jurisdiction with over a century of gold mining history. With only four expats out of 1,500 staff, the company is deeply rooted in local engagement. Asante also maintains an A-rated ESG score, reflecting its commitment to responsible development and sustainability. Underground development, mine life extension to 2035, and enhanced stripping for ore access are all underway—signaling a transformative chapter for this West African gold producer. Key Takeaways Producing gold in Ghana, a top-tier mining jurisdiction 355,000 ounces targeted for 2024; 500,000 ounces/year by 2028 80 km of high-grade gold structures under control A-rated ESG score audited annually by Digbee Experienced leadership and strong community integration Learn More About Asante Gold Published by BTV - The Agency Discover Investment Opportunities with BTV. Delivering engaging content to Investors for 25+ years.
Zawya
26-03-2025
- Business
- Zawya
Ghana Drives Small-Scale Gold Mining (ASGM) Growth, Sustainable Mining with Global Partnerships
Ghana is strengthening its collaboration with international partners to enhance ( its small-scale gold mining (ASGM) sector and the broader gold value chain for socioeconomic development. The Ashanti Green Initiative, led by Oheneba Kwaku Duah, Prince of Ghana's Ashanti Kingdom, is spearheading the inaugural Mining in Motion Summit in partnership with the World Bank and the World Gold Council. Scheduled for June 2-4, 2025 in Accra, the summit brings together stakeholders from Ghana's ASGM sector, major mining players and global investors to discuss best practices for further empowering the ASGM industry. In 2024 alone, ASGM contributed $5 billion in export revenue and employed over one million people, underscoring its significance in Ghana's mining landscape and economy. Global Partnerships and ASGM Growth Ghana is also implementing ( the Ghana Landscape Restoration and Small-Scale Mining Project, in partnership with the World Bank, to formalize the ASGM sector through the empowerment of District Mining Committees. Given the sector's potential for job creation, the project plays a crucial role in advancing Ghana's employment and economic growth agenda. Additionally, Ghana is leveraging expertise and financing from global partners to enhance local value addition. The country's Central Bank and India's Rosy Royal Minerals have been operating the Royal Ghana Gold Refinery ( since its launch in August 2024. The facility presents a transformative opportunity for the ASGM industry, enabling greater contributions to GDP growth through value-added gold products. In November 2024, the Minerals Income Investment Fund of Ghana partnered with South Africa's Mintek to boost the technical expertise of local miners. Global Cooperation on Industrial Mining Ghana's industrial mining sector is also witnessing significant international cooperation, with new projects set to expand production. Cardinal Resources is set to boost Ghana's gold output by 358,000 ounces with the launch of the Namdini Mine in mid-2025, while Newmont's Ahafo North Project will add another 325,000 ounces in the second half of the year. Meanwhile, Canadian mining firm Asante Gold is preparing to select a contractor for its Bibiani Mine Expansion Project in Q3 2025. The UAE, which accounted for 40% of Ghana's gold exports in 2024, continues to play a significant role in the sector's expansion. UAE-based Emiral Resources Limited, the majority shareholder in Asante Gold, is investing in new mines and the modernization of existing facilities in Ghana through Asante Gold's $525 million expansion strategy. Amid increasing global partnerships in Ghana's mining sector, Mining in Motion 2025 seeks to expand these collaborations, providing a platform for deal signings and strategic partnerships to promote responsible and sustainable gold mining. The event will feature high-level panel discussions and exhibitions from key decision-makers, including Otumfuo Osei Tutu II, King of the Ashanti Kingdom; H.E. John Dramani Mahama, President of Ghana; and representatives from the United Nations, African Union and ECOWAS, highlighting lucrative investment opportunities in Ghana's burgeoning gold mining sector. Stay informed about the latest advancements, network with industry leaders, and engage in critical discussions on key issues impacting ASGM and medium- to large-scale mining in Ghana. Secure your spot at the Mining in Motion 2025 Summit by visiting For sponsorship opportunities or delegate participation, contact Sales@ Distributed by APO Group on behalf of Energy Capital&Power.
