• Live Radio
  • Videos
  • About
  • Contact
  • Despite Media
Ghana Election 2020
  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • VIDEOS
  • Media
    • Videos
    • Audio
    • Live Radio
    • Photos
  • Election 2020
Local News
 
 
 
Home Business Business News 202305

New Dev't In Sefwi-Esaase: Joint Venture Brings State-Of-The-Art Mining Equipment And Sustainable Practices To W/R

05-May-2023
/ Business News, Business
Email
Print
Comments 0
(0)
Comments
Share on Facebook Share on Twitter
 

Gulf Technologies Systems (GTS), a leading Israeli company, and Himeros Mining Limited, have entered into a joint venture agreement to develop a gold mine in the Western Region of Ghana, specifically in the Sefwi-Esaase District.

The mining operation will involve state-of-the-art boring equipment to develop a 3.5 billion dollar mine over the next five years. This new venture is expected to produce up to 250 kg of gold per month, along with 150 kg of other precious metals, and a potential for diamond mining operations in the future.

GTS and Himeros Mining Limited have agreed to use different types of mining techniques, implement environmental control systems, and consider the impact that this mining operation will have on the local communities.

Types of Mining

The mining operation at the Sefwi-Esaase District will involve both deep rock mining and alluvial mining. Deep rock mining involves drilling into the ground to extract minerals that are located deep beneath the surface. This type of mining can be very expensive, but it is often necessary when the minerals are located too deep for other methods to be effective. In contrast, alluvial mining involves extracting minerals from the sediment of rivers and streams. This type of mining is less expensive than deep rock mining, but it can be more damaging to the environment.

Environmental Control Systems

In order to mitigate the potential environmental impact of the mining operation, GTS and Himeros Mining have implemented several environmental control systems. These systems will ensure that water is recycled and that no chemicals are used in the mining process. This will reduce the amount of pollution that is released into the environment, which will help to protect the local ecosystem.

In addition to these environmental control systems, GTS and Himeros Mining have also implemented a plan to treat the waste soil that is produced during the mining operation. This soil will be treated with a special fertilizing process to remove all metals from the soil. Once the metals have been removed, the soil will be suitable for agricultural use. This will help to mitigate the environmental impact of the mining operation and ensure that the local ecosystem is protected.

Impact on the Local Community

One of the key benefits of the mining operation at the Sefwi-Esaase District is that it will provide employment opportunities for the local communities. The mining operation will employ residents from the local villages that surround the mine, providing them with a source of income and a way to improve their standard of living.

In addition to providing employment opportunities, the mining operation will also have a positive impact on the local economy. The mining operation will generate revenue for the local government, which can be used to fund local infrastructure projects and improve the quality of life for the local communities.

The joint venture agreement between GTS and Himeros Mining to develop a gold mine in the Sefwi-Esaase district of Ghana represents a significant investment in the future of the region. The state-of-the-art boring equipment and the implementation of environmental control systems will ensure that the mining operation is conducted in an environmentally responsible manner.

The use of both deep rock mining and alluvial mining techniques will allow for the extraction of a variety of precious metals, including gold and potentially diamonds. The waste soil will be treated to remove metals and will be suitable for agricultural use, further mitigating the environmental impact of the mining operation.

The employment opportunities and economic benefits that the mining operation will bring to the local communities will provide a significant boost to the region. The joint venture agreement between GTS and Himeros Mining is an important step towards the development of the mining industry in Ghana, and it is expected to have a positive impact on the country's economy for years to come.

Source: Peacefmonline.com

 

 
 

 

Comments ( 0 ): Post Your Comments >>

Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.
Featured Video
Previous Post

Non-Traditional Exports Grow By 6%

Next Post

Jospong Group, ZeroNox Launch World’s Largest Fleet Retrofit Electrification Project

 
 

More Stories

Global Finance Must Transform To Address Africa's Climate Challenge - Ofori-Atta Urges
Vodafone Director Calls On SMEs To Seize Opportunities At Upcoming Business Runway Event
AGI Urges Government To Incentivize Production
Understand The Nature Of Assets Before Investing – George Allotey
Investing With Purpose: A Guide To Aligning Investment Objectives With Financial Goals
Leverage Microfinance Wins 'Microfinance Company Of The Year, 2022' At The 4th Ghana Credit Excellence Awards
Absa Bank's 10% SME Loan Makes Big Impact With GHS100 Million In Funding
GACL Is ‘Best ERM Compliant Institution’ 2023
Jospong Rice Project: Jospong Group Signs Agreement With EGTA Investment Of Nigeria
Next Post

Jospong Group, ZeroNox Launch World’s Largest Fleet Retrofit Electrification Project

  Ghana Business News

  • General News
  • Economy
  • Banking & Finance
  • Stock Market
  • Industry/Manufacturing


 
 

Other Business News Stories

  • Global Finance Must Transform To Address Africa's Climate Challenge - Ofori-Atta Urges

  • Vodafone Director Calls On SMEs To Seize Opportunities At Upcoming Business Runway Event

  • AGI Urges Government To Incentivize Production

  • Understand The Nature Of Assets Before Investing – George Allotey

  • Investing With Purpose: A Guide To Aligning Investment Objectives With Financial Goals

  • Leverage Microfinance Wins 'Microfinance Company Of The Year, 2022' At The 4th Ghana Credit Excellence Awards

  • Absa Bank's 10% SME Loan Makes Big Impact With GHS100 Million In Funding

  • GACL Is ‘Best ERM Compliant Institution’ 2023

  • Jospong Rice Project: Jospong Group Signs Agreement With EGTA Investment Of Nigeria

  • NDC Promises Higher Cocoa Prices, Free Fertilizers, Free Sprays, and Improved Roads - Ato Forson Assures Cocoa Farmers

 

 
 

Popular Videos

Peace Power Sports (19/09/2023)

Kokrokoo Discussion Segment On Peace 104.3 FM (19/09/2023)

GHANA MONTIE WITH MAC JERRY OSEI AGYEMAN on NEAT 100.9 FM (TUESDAY 19-09-23)

Kokrokoo Discussion Segment On Peace 104.3 FM (20/09/2023)

Kokrokoo Live On Peace 104.3 FM (20/09/2023)

Entertainment Review On Peace 104.3 FM (19/09/2023)

Peace FM Online and Despite Media

peacefmonline.com offers its reading audience with a comprehensive online source for up-to-the-minute news about politics, business, entertainment and other issues in Ghana

Follow us on social media:

Category

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • Trivia
  • Foreign
  • Audio
  • Photos
  • Videos
  • Elections
Decision Time
Ghana Election 2020 2016 Elections
Services
Live Radio Audio on Demand Ghana Elections Advertise with Us
Useful Links
Despite Media About Us Contact Us Feedback Form Terms and Conditions Privacy
Our Brands
Despite Media UTV Peace FM Okay FM Hello FM Neat FM Peacefmonline
  • About
  • Advertise
  • Terms & Conditions
  • Contact
  • Privacy

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Articles
  • Trivia
  • Foreign
  • Live Radio
  • Photos
  • Videos
  • Audio
  • Election 2020

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media