• 17.4 million equity ounces of gold reserves; 20% of our global gold reserves at the end of 2007
  • 53m tons of non-reserve resource mineralization

Akyem Serving as Biodiversity Testing Ground

The Business and Biodiversity Offsets Program (BBOP) is a new partnership of companies, government agencies, scientists and nongovernmental organizations, supported by Forest Trends and Conservation International. Biodiversity offsets are conservation actions intended to compensate for the residual, unavoidable harm to biodiversity caused by major development projects, to ensure at least no net loss of biodiversity and, where possible, net gain.

The BBOP partners wish to show, through a portfolio of pilot projects, that biodiversity offsets can help achieve significantly, better and more cost-effective conservation outcomes than normally occur in infrastructure development. They also believe that demonstrating no net loss of biodiversity can help companies secure their license to operate, and manage their costs and liabilities.

Newmont Ghana's Akyem project is one of four BBOP pilots worldwide, and investigations and discussion are taking place on the nature of the offset to be implemented in this area.

Conservation International Ghana (CIG) completed an initial biodiversity assessment of our concession area to better understand its biodiversity status. The assessment confirmed the concession area is degraded heavily due to years of subsistence farming through shifting cultivation.

Evaluations in the larger area of large and small mammals, amphibians and reptiles, invertebrates and flora found no species of global concern, with the exception of
cola boxiana - a plant species that is identified on the IUCN Red list as an endangered species. CIG confirmed that the cola boxiana species is not found in the footprint of the proposed Akyem mine project.

Additionally, the assessment included a community biodiversity use survey, which classified different usages of biodiversity in the forest and recorded communities' dependence on them, highlighting, as an example, the importance of medicinal plants to local communities' livelihoods.

For more information on the assessment, please review CIG's report:
A Biodiversity Assessment of Newmont's Gold Mining Site at the Agyenua Forest Reserve