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Akyem Project
Akyem
Country
Ghana
Status
MINE DEVELOPMENT
Surface
1,536 km² / 379,546 acres
Latitude / Longitude
6 N 22 / 0 W 54
Mining District
Abirem
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Risk and valuation analysis of the Akyem Project
Status Risk : Mine development
Country Risk : Light
Resource Risk : 80.00%
In situ value
10,556,232,254 $
Title(s) of the Akyem Project
Newmont Mining Corp
Owner: 100%
Title
Company Profile
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Company website
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Newmont has 100% interest. However, the government of Ghana is entitled to receive 10% of the project’s net cash flow after Newmont has recouped its investment.
Location of the Akyem Project
Akyem is Newmont's second project in Ghana.In the Birim North District in the eastern region of Ghana, in West Africa, about 80 miles northwest of the capital city, Accra.
History of the Akyem Project
Akyem will be Newmont’s second green\fields project in Ghana. Board of Directors approval in July 2005 allowed engineering, procurement, and project development to proceed based on a feasibility study completed in first quarter of 2005. In January
more...
Reserves and resources of the Akyem Project
Tonnage
Grade
Reserves and resources
Gold
Gold
g/t
oz
Probable
147,000,000
1.62
7 656 379
Proven and Probable
147,000,000
1.62
7 656 379
Total
147 000 000
7 656 379
Definitions
Reserves and resources of the Akyem Project
Metal
Total
Reserves
Mineralized Material
Unit
In situ value
Proven
Probable
Proven and Probable
Measured
Indicated
Mesured and Indicated
Inferred
Gold
7 656 379
7 656 379
7 656 379
oz
10 446 363 218 US$
Exploration and drilling
4/22/2008
invest more than 700 million dollars in Akyem Project
10/17/2006
Dispute Over Newmont's Proposed Gold Mine At Akyem
Location
Data last updated on : 12/31/2007
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Cautionary Note to US Investors concerning estimates of Measured and Indicated Mineral Resources
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