International news within the industry of mining and metal, Apr, 24 2019
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West African nation to investigate Chinese activity in rare metal markets

President of the Republic of Ghana Nana Addo Dankwa Akufo-Addo: - We have a big problem in Chinese involvement in illegal mining activity in Ghana. Photo: Presidents Office.
President of the Republic of Ghana Nana Addo Dankwa Akufo-Addo: - We have a big problem in Chinese involvement in illegal mining activity in Ghana. Photo: Presidents Office.
Published by
Markku Björkman - 06 Jan 2019

Ghana leader fears Chinese are illegally mining gold. President Nana Akufo-Addo said China may be engaging in unauthorized mining of gold and other mineral resources in the West African country, Nikkei Asian Review reports.

The government of Ghana will conduct a systematic and detailed investigation into the matter, Akufo-Addo said during an interview with Nikkei in Tokyo.

Chinese state companies are active in Ghana, developing roads, railways and the power sector.
"Ghana and China have a strong relationship," Akufo-Addo said. "However, we have a big problem in Chinese involvement in illegal mining activity in Ghana ... [and] we have decided to do something about it."

In June 2013, 124 Chinese nationals were detained in Ghana for illegally mining gold. Unlawful mining of mineral resources continues and is gravely affecting Ghana's economy, the president said to Nikkei Asian Review

Noting that Chinese residing in Ghana are possibly exporting illegally mined gold to the United Arab Emirates, Akufo-Addo said there was a disparity of $5 billion between official trade statistics and actual gold exports in 2017.

Ghana has close ties with China, a major source of loans and other funding. According to the SAIS China-Africa Research Institute of Johns Hopkins University, Chinese banks extended the African country a total of $3.17 billion in loans between 2000 and 2015, making Ghana the seventh largest African recipient of Chinese lending.

The property lies in the famous Cobalt province and is approximately 47 km south of the town of Cobalt. The picture shows an old mine in the town of Cobalt. In the early 1900s, the area was heavily mined for silver; the silver ore also contained cobalt. By 1910, the community was the fourth highest producer of silver in the world. Mining declined significantly by the 1930s, together with the local population. In late 2017 one publication referred to Cobalt as a ghost town, but the high demand for cobalt, used in making batteries for mobile devices and electric vehicles, is leading to great interest in the area among mining companies. Photo: Wikipedia, credit: P199
The property lies in the famous Cobalt province and is approximately 47 km south of the town of Cobalt. The picture shows an old mine in the town of Cobalt. In the early 1900s, the area was heavily mined for silver; the silver ore also contained cobalt. By 1910, the community was the fourth highest producer of silver in the world. Mining declined significantly by the 1930s, together with the local population. In late 2017 one publication referred to Cobalt as a ghost town, but the high demand for cobalt, used in making batteries for mobile devices and electric vehicles, is leading to great interest in the area among mining companies. Photo: Wikipedia, credit: P199

Quantum Cobalt Completes First Pass Exploration Near Temagami, Ontario

Sotkamo Silver consists of the parent company, Sotkamo Silver AB, with one wholly-owned subsidiary in Finland: Sotkamo Silver Oy. Sotkamo Silver develops silver, gold and zinc deposits in the Nordic region. The Company has completed the Definitive Feasibility Study for the Silver Mine project and is working on project financing issues. Photo: Sotkamo Silver
Sotkamo Silver consists of the parent company, Sotkamo Silver AB, with one wholly-owned subsidiary in Finland: Sotkamo Silver Oy. Sotkamo Silver develops silver, gold and zinc deposits in the Nordic region. The Company has completed the Definitive Feasibility Study for the Silver Mine project and is working on project financing issues. Photo: Sotkamo Silver

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"150 trucks pro year"

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The joint initiative called HYBRIT of SSAB, LKAB and Vattenfall – here with their three representatives at the fair, from right, Martin Pei technology manager at SSAB, Jan Moström CEO of LKAB and Martin Lindqvist, CEO of SSAB. HYBRIT is now on exhibit as an exciting sustainability collaboration at one of the worlds largest industrial trade fairs in Hanover. The CEOs of the three companies are in Germany to show the rest of Europe that it is possible to produce fossil free steel. Photo: SSAB
The joint initiative called HYBRIT of SSAB, LKAB and Vattenfall – here with their three representatives at the fair, from right, Martin Pei technology manager at SSAB, Jan Moström CEO of LKAB and Martin Lindqvist, CEO of SSAB. HYBRIT is now on exhibit as an exciting sustainability collaboration at one of the worlds largest industrial trade fairs in Hanover. The CEOs of the three companies are in Germany to show the rest of Europe that it is possible to produce fossil free steel. Photo: SSAB

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"revolutionary steel industry changeover"

- The Swedish initiative for fossil-free steel production, HYBRIT, participates this week at the...