Akyem Birim North Ghana

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; Newmont has 100% interest in The Akyem mine. However, the government of Ghana is entitled to receive 10% of the project´s net cash flow after Newmont has recouped its investment.

Welcome to The Akyem mine, Operation Africa

Akyem is an open-pit gold mine located in Birim North District in the Eastern region of Ghana, the seventh biggest gold producing country in the world. The mine is wholly-owned and operated by Newmont Mining Corporation, and commenced production in October 2013. It is Newmont’s second mining operation in Ghana after the Ahafo gold mine in Brong Ahafo Region.

The mine employs 1,300 workers and contractors belonging mostly to the communities within the mining area. The estimated mine life of the Akyem open-pit is 16 years. The annual average gold production during the initial five years is expected to be 450,000 ounces (oz).

The Newmont Golden Ridge Limited, the mining operator of the Akyem Mine, has Invested millions of dollars in the communities with constructed roads linking a new resettlement site to the main New AbiremTownship, while other projects include water expansion, sanitation, landfill site development, and security programmes were executed. The once poor road networks in the New Abirem and its surrounding communities in the Birim North District in the Eastern Region have been tarred.

The Newmont’s Akyem Mine,  announced: “We at Newmont have made a commitment to the people of New Abirem and the surrounding communities to create an avenue for the them to participate in the operations of the company to help provide employment and a livelihood for them”, also we have decided to increase our local-local investment by two million dollars this year as a way of expanding economic activities in the area. Additionally, we  continues to maximise to opportunities for its community youth in job areas requiring semi and skilled job requirements.

To provide local youth with specialised employable skills tailored to the Mine’s operational needs, Newmont Gold Ridge Limited has instituted a four-year apprenticeship programme. Over 200 young men and women from the host communities have so benefitted from this programme. To further demonstrate its commitment, our company has set up the Newmont Akyem Development Foundation (NAkDeF) to undertake development projects in its host communities. The NAkDeF is an agreement signed between Newmont and its host communities, and it is seen as a catalyst for sustainable community development.The Foundation’s activities are financed with a contribution of US$1 for every ounce of gold sold and 1 percent of the mine’s annual profit before tax. Furthermore, Our company installed a 275kva generator plant at the hospital to ensure that services do not stop because of the frequent power outages being experienced in the country. On education, a new vocational school with dormitories was built to provide technical and vocational education for the teeming youth in the area, while other several educational facilities are being upgraded at the expense of the Newmont’s Akyem Mine.