Connect with us

News

AngloGold to buy Coeur Mining’s projects in USA for $150 million

Published

on

•Alberto Calderon, CEO of Angle-Gold Ashanti

• 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.

Advertisement

“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.

Advertisement

AngloGold Ashanti holds several exploration and development assets (North Bullfrog, Silicon, Merlin, Mother Lode, Transvaal and Rhyolite) in the Beatty District.

Continue Reading
Advertisement

News

Let’s invest in our children through reading – DCE

Published

on

Mr. Issahak Ibrahim-DCE of Atwima Mponua
Mr. Issahak Ibrahim-DCE of Atwima Mponua

Mr Issahak Ibrahim, the Atwima Mponua District Chief Executive (DCE), has stressed the need to invest in initiatives that will encourage school children to read at all times. 

He said a nation that invested in reading invested in its future, since a reading child was a potential future leader. 

Speaking at the District Reading Festival for 32 schools in the district, at Nyinahin, he said reading strengthened literacy skills and inspired young leaders to unlock their full potentials while nurturing a lifelong love for learning, which leads to success. 

Mr Ibrahim, therefore, enjoined teachers, parents, pupils and all stakeholders in the district to inspire every child to discover the limitless possibilities that begin with the act of reading in order to make it reflect the shared commitment to building a generation of confident readers, critical thinkers and lifelong learners in the society. 

Advertisement

He pledged his commitment to support and empower more children and help them to achieve higher educational laurels in the area, while championing the cause of reading among children to achieve the related benefits. 

“I remain committed to supporting educational initiatives that would empower our children with the knowledge and skills they needed to succeed in an ever-changing world,” he stated. 

The festival was organised by the District Directorate of Education in conjunction with the ISMAT Foundation, a local educational non-governmental organisation (NGO) founded by the DCE, to support needy learners in the district and beyond. 

The festival was under the theme: “Turn a page to begin a journey.” 

Advertisement

The festival was aimed at encouraging and motivating the interest of pupils in reading and general learning. 

All the 32 participating pupils from four zones within the district received school bags, exercise books, pens, pencils, erasers, mathematical sets and certificates. 

Lawal Kwame from the Botrampa D/A Basic and Sadique Bamba from the Mpasatia African Faith Preparatory schools in the Nyinahin Zone, emerged first in the KG One and two classes, whilst Alice Fosu, Beatrice Sarfowaa and Priscilla Agyemang from the Adiembra Anglican Basic School also in the Nyinahin Zone, came first from Basic One to Basic Three classes respectively.  

Ernest Duah from the Mampong Abebrese D/A and Blessing Sika from the Sreso Presby School in the Sreso Zone as well as Eric Osei Agyemang from Adiembra Anglican Basic School came first in the Upper Primary department. 

Advertisement

Ms Ama Adwubi Asafu-Adjaye, the District Director of Education, commended the DCE for the programme, which was the first of its kind after the year 2022 one, which was supported by the USAID. 

She said a Basic One boy called Obed Awuku from Mampong Abebrese D/A Basic School climbed from the district through a Regional contest, won and placed second at the national level in the year 2022 as one Salam Mohammed of the Otaakrom D/A Islamic Basic School, who also emerged as the 2024 winner in the district also placed fifth among the 16 regional participants even though they had a very short notice for preparation. 

She said other achievements encouraged her and her management to make the programme an annual event in June and July as part of the activities on their academic calendar and a source of pride for the district. 

She, therefore, encouraged the teachers to work harder to produce talented kids for higher achievements from the area. -GNA 

Advertisement
Continue Reading

News

Thousands bid farewell at 3-day Adua for Late Yaa Naa

Published

on

Sagnarigu Naa with his entourage arriving at the Gbewaa Palace .jpg

The forecourt of the Gbewaa Palace, was a mixture of rich tradition and emotional scenes as thousands of mourners concluded the three-day adua for the late Overlord of Dagbon, Ndan Yaa Naa Abukari II.

For the period, the Gbewaa Palace became the spiritual and cultural heartbeat of the Dagbon Kingdom as Islamic clerics, traditional rulers, politicians, security personnel and ordinary citizens united in prayer for the repose of the soul of the revered monarch.

From dawn each day, streams of mourners, mostly dressed in traditional smocks and black attire, steadily filled the palace grounds and adjoining streets, transforming the royal seat into a sea of mourners.

Men, women, youth and children sat under canopies and open spaces while verses from the Holy Qur’an echoed across the palace, creating an atmosphere of reverence and reflection.

The air occasionally reverberated with ceremonial gunshots and traditional warrior displays, symbolising honour, bravery and the rich cultural heritage of the Dagbon Kingdom.

Advertisement

The adua, observed in accordance with Islamic tradition following the burial of the Yaa Naa, was attended by eminent Imams and Mallams who offered continuous prayers, seeking Allah’s mercy and eternal peace for the departed King.

Throughout the three-day observance, a steady flow of dignitaries visited the Gbewaa Palace to pay their respects and sign the book of condolence.

Among them were the Northern Regional Minister, Ali Adolf John Mburidiba; the Savannah Regional Minister, Salisu Be-Awuribe Issifu; and the National Chairman of the National Democratic Congress (NDC), Johnson Asiedu Nketia, who joined members of the royal family, traditional rulers and mourners in honouring the late Yaa Naa.

Security remained tight throughout the mourning period, with the Ghana Police Service deploying 450 personnel to ensure law and order.

The officers were stationed at strategic locations, including the Gbewaa Palace, major entry points into Yendi and other key installations, where they managed traffic, maintained public order and provided security for thousands of mourners and visiting dignitaries.

Beyond the official ceremonies, the event reflected the deep respect the people of Dagbon and Ghanaians at large had for the late monarch.

Advertisement

The conclusion of the three-day adua marks another important milestone in the funeral rites of the late Yaa Naa and signals the gradual transition towards the customary processes leading to the selection and enskinment of a new Overlord of the Dagbon Kingdom.

Although the formal three-day prayers have ended, mourning activities continue, with the seventh-day Islamic prayers expected to draw another large gathering of traditional authorities, government officials, religious leaders and well-wishers from across the country.

From: Geoffrey Buta, Yendi

Advertisement
Continue Reading
Advertisement

Trending