Business

Newmont Akyim Mines pays over GHC110 million as dividends to government

Newmont Ghana limited has presented a dividend cheque for GHC110,781,444.45 to the Government of Ghana as dividend through the Ministry of Lands and Natural Resources.

The amount, which was presented to the Ministry on Tuesday, October 12, 2021 in Accra, represents Government’s free carried interest in the company was for this year’s operations.

Receiving the dummy cheque, the Minister for Lands and Natural Resources, Samuel A. Jinapor reiterated Governments resolve to foster closer collaboration with all stakeholders in the mining sector.

He re-echoed the vision of the President of the Republic, H. E Nana Addo Dankwa Akufo-Addo to make Ghana the mining hub of Africa and also build a mining industry that retains value in country.

Mr. Jinapor said measures have been put in place to ensure greater partnership between the Government and mining companies for the benefit of all parties.

He commended the company for the presentation and encouraged the entity to regularise dividend payment yearly.

“The work Newmont does especially the adherence to environmental protocols and carrying communities along is highly appreciative and I want to encourage you to do more”, he said.

He, therefore, called on other mining companies to emulate the company’s gesture and follow suit.

The Regional Senior Vice President of Newmont Africa, Mr. Francois Hardy reaffirmed the company’s commitment to Ghana adding that, “We are growing our operations here for the benefit of all stakeholders.”

He also used the opportunity to appreciate the ongoing collaboration between the Ministry and Newmont and called for further support from Government, Stakeholders, Communities to help bring the Ahafo North project into fruition.

Mr. Hardey said that despite the Covid 19 pandemic that affected economic activities globally, the company undertook the necessary interventions to keep its workforce and communities safe.

“Lessons learnt during the pandemic has exposed us to new ways of operating and hence our ability to be able to present the 2021 dividend to Government”, he concluded.

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