Overview

Akyem is Newmont's second project in Ghana, located approximately 80 miles (125 km) northwest of Accra.  In January 2006, Newmont purchased the minority partner’s share of the deposit and now owns 100% of the project. A project feasibility study was completed in February 2005. Newmont's Board of Directors approved the development of Akyem in July 2005. In the second half of 2006, the Company deferred further development of Akyem pending completion of permitting, resolution of country-wide power shortages, and further engineering and optimization.

Ongoing optimization work includes value engineering efforts related to project construction costs, opportunities for mining cost reduction, and improved process recoveries.

Permitting activities continue with advance work on surveying of mining areas as well as preparations for land and crop compensation and resettlement planning for affected communities.

 

Above: Akyem – longitudinal section.