Ghana’s mineral industry records $2.76b revenue in 2012 half-year

Miners in Ghana made $2.76 billion revenue from mineral resources during the half-year of 2012, the Ghana Chamber of Mines said August 16, 2012.

The amount was a 19% rise over the 2011 period, the Chamber’s 2012 half-year report indicated citing jump in production of gold.

“The impressive first half performance was largely on the back of the performance of mineral revenue from gold and bauxite, despite the dip in revenue from diamond and manganese”, the Chamber’s CEO Dr Toni Aubynn, said in the report.

Gold recorded $2,693,986,461 revenue during the half-year period with production rising by 6% due to new production coming from Perseus Mining Ghana Ltd and Adamus Resources, according to the mining group.

By Ekow Quandzie