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Gold production rising in Ghana

Gold “’ Ghanaian
is rising
Accra, Ghana — MININGREVIEW.COM — 07 July 2010 – Gold production in Ghana “’ Africa’s largest producer of the precious metal after South Africa “’ rose 3.1% to 696 172 ounces during the first quarter of 2010 from a year earlier, according to the country’s Chamber of Mines.

Announcing this in a statement released here, the Chamber did point out, however, that compared with the previous three months, gold output had fallen 8.1%.

The statement “’ which was handed to reporters in the capital “’ went on to reveal that earnings from gold sales had risen 25% to US$782.83 million (R5.9 billion) during the quarter from a year ago. Gold futures had climbed by 8.7% so far this year on the Comex in New York.

It added that Ghanaian bauxite production had risen 16% to 212 879 tonnes during the quarter, while diamond and manganese production had increased by 86% and 64%respectively.