Boddington Corp is London’s and Singapore’s only Main gold company and has established itself in the global gold mining industry. Primary concessions are in worldwide and collectively hold 5.5 million ounces of gold resources; Future expansion will be achieved through further acquisitions and organic growth. The Company is an industry leader in value creation, supported by its leading technical, environmental, social and safety performance. Primary operations are in Africa, Boddington Corp. is the principal investor of Newmont NEM; The Ahafo mine, since 2006, is owned and operated Newmont.
Welcome to The Ahafo mine, Operation Africa.
The Ahafo mine operates within ten host communities in Asutifi North and Tano North districts of the Brong Ahafo Region. The Ahafo gold mine, Newmont first mine in Ghana, and began operating in 2006. The mine is located in a farming region northwest of the country’s capital Accra.
The Ahafo gold mine, with The International Finance Corporation IFC’s support, is having a positive impact on the people of Ghana and setting best practices in responsible mining and community development. It is creating jobs in remote regions of the country, providing education and skills training, generating government revenues through royalty payments, and yielding returns for investors and project sponsors.
The International Finance Corporation (IFC) provided insight into managing the social challenges associated with our return to operations in Africa following a four-decade hiatus. IFC’s on-th-ground resources in Ghana brought practical experience and approaches to responsible resettlement and to the development sustainable economic opportunities for local suppliers and businesses.
The International Finance Corporation (IFC) partnered with Newmont in developing comprehensive HIV/AIDS awareness programs for staff and local communities.
Newmont Ahafo Mine at Kenyase, in the Asutifi District of the Brong Ahafo Region, has targeted to increase its annual gold production to 1.2 million ounces by the year 2014, this would be achieved after the start of their underground operations.
The mine is presently doing surface mining and produces between 500,000 and 550,000 ounces yearly, with the target of 1.7 million by 2017. The goal is to become be leader of the mining industry through the adoption of best practices. Ahafo Mine is determined to build a sustainable mining business that delivers top quartile shareholder returns while leading in safety, environmental stewardship and social responsibility.
The company has spent .3 million on its alternative livelihood programmes for 1,700 households and farmers, affected by its mining activities, the company was operating four pits – Apensu, Subika, Awonsu and Amoma. The company’s major challenges had to do with illegal miners, who had invaded its mining concession.
It employs 4,000 Ghanaians and has set up a Development Foundation, (NADeF), to help people in the Ahafo area to become self-reliant and empower the communities. The Foundation provides grants, promotes knowledge-sharing, partnership and capacity building. They are also focusing on health education and infrastructure support.