News
AngloGold to buy Coeur Mining’s projects in USA for $150 million
• Alberto Calderon, CEO of Angle-Gold Ashani
AngloGold Ashanti Limited has entered into a definitive agreement with Coeur Mining Inc. to acquire 100 per cent of Coeur’s wholly-owned subsidiary, Coeur Sterling Inc., which owns neighbouring properties, to AngloGold Ashanti in the Beatty district of southern Nevada, USA.
The properties to be acquired in the transaction include Coeur’s C-Horst, SNA, Secret Pass and Daisy ore bodies, as well as the decommissioned Sterling Mine and all tenements that surround these properties.
AngloGold Ashanti U.S.A. Holdings Inc., a wholly-owned subsidiary of AngloGold Ashanti, will acquire all shares of Coeur Sterling for $150m in cash when the transaction closes.
“This acquisition further enhances the value proposition we are building in the Beatty District,” AngloGold Ashanti Chief Executive Officer (CEO), Alberto Calderon, said in a statement issued this week.
“The addition of these properties consolidates our ownership position in one of North America’s most promising new gold districts, and gives us the ability to develop it in a way that will realise its full potential for the benefit of all stakeholders,” the CEO added.
According to the statement, Coeur currently estimates that the properties to be acquired in this transaction have a mineral resource of 914,000oz.
“If, after additional exploration, AngloGold Ashanti declares a mineral resource from these properties that is greater than 3.5Moz, AngloGold Ashanti would make the deferred consideration payment of an additional $50m. This deferred consideration would be made 30 days after that Mineral Resource declaration is made,” the statement said.
AngloGold Ashanti holds several exploration and development assets (North Bullfrog, Silicon, Merlin, Mother Lode, Transvaal and Rhyolite) in the Beatty District.
The Speaker of Parliament, Alban Sumana Kingsford Bagbin, has been unanimously elected as the Chairperson of the Africa Geopolitical Group of the Inter-Parliamentary Union (IPU).
The election took place on October 19, 2025, during the ongoing 151st IPU Assembly in Geneva, Switzerland. His victory places Ghana at the center of continental and global parliamentary diplomacy.
With this new role, Speaker Bagbin will coordinate and harmonize Africa’s collective positions on major IPU decisions and policies.
He will also serve as the continent’s chief representative on key issues such as governance, peace, security, and sustainable development.
Speaker Bagbin currently serves as the President of the Conference of Speakers and Presidents of African Legislatures (COSPAL) and is the immediate past Chairman of the Commonwealth Parliamentary Association (CPA) International.
In his remarks after the election, he thanked African delegations for their confidence and unity, particularly commending Nigeria for seconding his nomination and Senegal for withdrawing its candidate in the spirit of cooperation.
He pledged to strengthen collaboration among African parliaments and promote transparency, democratic governance, and sustainable development through stronger legislative institutions.
He succeeds Ms. Angela Thokozile Didiza, Speaker of South Africa’s National Assembly, who served with distinction.
The Africa Geopolitical Group, formed in the early 1950s, serves as a continental branch of the IPU, ensuring fair representation of African countries in the Union’s committees and decision-making bodies.
It also coordinates Africa’s common positions on major parliamentary issues discussed at IPU assemblies.
By: Jacob Aggrey
The Office of the Special Prosecutor (OSP) has amended the charges in the ongoing case against former National Petroleum Authority (NPA) Chief Executive, Mustapha Abdul-Hamid, and nine others.
The number of counts has risen from 25 to 54 after investigators uncovered new evidence.
The accused are facing trial for alleged large-scale extortion, abuse of public office, and money laundering involving over GH¢291 million and US$332,000.
According to the OSP, the accused persons allegedly extorted huge sums of money from bulk oil transporters and oil marketing companies under the pretext of carrying out official duties.
The proceeds were reportedly laundered through the purchase of properties and investments in business entities to conceal their source.
The accused persons include Mustapha Abdul-Hamid, Jacob Kwamina Amuah, Wendy Newman, Albert Ankrah, Isaac Mensah, Bright Bediako-Mensah, Kwaku Aboagye Acquaah, Propnest Limited, Kel Logistics Limited, and Kings Energy Limited.
The OSP has also seized and frozen several assets, including tanker trucks, fuel stations, houses, apartments, and parcels of land valued at more than GH¢100 million pending the outcome of the trial.
The case, titled The Republic v. Mustapha Abdul-Hamid & 9 Others (Cr/0603/2025), is currently being heard at the Accra High Court.
By: Jacob Aggrey
