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Ghana Extractive Industry Transparency Initiative
Investment Inflows in Mining Sector Totaled $ 770 Million- Chamber of Mines PDF Print E-mail

The Ghana Chamber of Mines (GCM) says the total investment inflow into the mining sector in 2010 amounted to $770 million, as against the $762 million recorded in 2009.  The investments, according to the GCM, were made in production, exploration and support services.

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Jubilee Output Drives Up Tullow’s Revenue PDF Print E-mail

INCREASED production at its Jubilee Field in Ghana combined with higher commodity prices have driven up Tullow Oil's interim pre-tax profit to $540 million in the six months to June 30, 2011. The impressive result is a 321 per cent jump from the year-earlier period, beating a consensus forecast of $509 million from a company-supplied poll of analysts.

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AGI to set up oil and gas centre to strengthen capacity of SMEs PDF Print E-mail

The Association of Ghana Industries (AGI) is to set up an oil and gas centre in Takoradi to assist in strengthening the capacity of small and medium-scale enterprises to take advantage of the new business opportunities. Mr Samuel Appenteng, Vice President of AGI, who announced this at a workshop on oil and gas value chain building in Ghana’s oil and gas industry on Tuesday, said the AGI was committed to ensuring that the benefits from the industry did not only accrue to large local service providers but also for small and medium-scale enterprises.

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Anadarko Discovers Oil In West Cape Three Points PDF Print E-mail

ANADARKO Petroleum has announced an oil discovery in the West Cape Three Points block offshore Ghana as it encountered crude in underground rock similar to that in the country's largest oil field. The Akasa-I well "encountered 108 at feet (33 meters) of primarily high quality, oil-bearing pay from four main Turonian-aged sand packages, similar o those found in the Jubilee and Mahogany East areas," Houston-based Anadarko said. Anadarko has a 30.875 percent working  interest in the West Cape Three Points lock with partners Kosmos Energy (30.875perr cent).

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Newmont Generates 10% of Ghana’s Export PDF Print E-mail

Newmont GhanaGold Limited- (NGGL) has stated that it currently generates nearly 10% of Ghana’s total export revenue. In addition, the company says it has provided 99 local companies with six million dollars worth of contracts. So far the company has pro­vided, employment to about, 48,000 people directly and indi­rectly in the country including more than 400 indirect mine em­ployment in 2010. These were contained in a research carried out on the socio-economic impact of the company's operations in the Ahafo area of the Brong Ahafo Region by the INSEAD Business School of France.

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2015 Mining Sector Report

2015 Mining Sector Report
2015 Mining Sector Report

2015 Oil & Gas Sector Report

2015 Oil and Gas Sector Report
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