Newmont (NEM) weighs another mine in Ghana.
The Denver Post
Posted: 12/10/2009 01:00:00 AM MST
Greenwood Village-based Newmont Mining Corp., the largest U.S gold producer, will decide whether to develop a second mine in Ghana by mid-2010, according to Jeff Huspeni, regional senior vice president for Africa.
The estimated cost of developing the site at Akyem, in Ghana's eastern region, is between $700 million and $1 billion, he said at a conference Wednesday in the Ghanaian capital, Accra. The Akyem gold mine has proven and probable reserves of 7.66 million ounces of ore, according to Newmont's website.
