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 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
The National Operations Directorate (NOD) Surveillance Unit, of the Ghana Police Service has arrested a 32-year-old man, Akoto Nelson, for posing as a police officer during a public event at the Black Star Square in Accra.
The suspect was arrested on Sunday, 19th October 2025, by a team of officers deployed to provide security at a musical concert. The team observed the suspect dressed in a police uniform with the rank of Assistant Superintendent of Police (ASP) behaving suspiciously. Upon interrogation, he admitted that he was not a police officer.
Investigations revealed that the suspect impersonated a police officer to gain free entry to the event, claiming he did not have money to pay the entry fee. He further disclosed that the uniform belonged to a deceased Chief Inspector, identified as Gyasi, from whom he obtained the police accoutrements in 2022.
A subsequent search conducted at his residence in Taifa-Ashaiman uncovered several items that were retained as exhibits. These include one toy P99 pistol, one pepper spray, two ZTE mini handsets, one pepper spray pouch, one ZTE charger, one Xinfa cutter knife, some complimentary cards, one voter ID in the name of Akoto Nelson Elikem, and one birth certificate in the name of Nelson Akoto.
Preliminary investigations further established that the suspect works as a security guard and a messenger at a private company. He remains in police custody and will be put before the court.
