Ahafo Gold Mine | Bank Information Center: Monitoring the projects and policies of the World Bank, IMF and other international financial institutions


bicusa.org/ahafo Problem Project Ahafo Gold Mine BIC is no longer actively working on this project. Overview Concerns Updates Resources Contacts RSS Update \| 21 June 2008 Newmont prepares mining operations in Ghana forest reserve As Newmont, the world's largest mining company prepares for gold mining operations in Ghana, civil society groups challenge the purported benefits for local communities. Meanwhile, the International Finance Corporation (IFC) has come under fire for the environmental and social legacies of its gold mining investments in Ghana and its plans proceed to begin the next phase of Newmont's controversial Ahafo gold project. Read more Update \| 14 May 2007 Ghanaian CSOs call for greater control over mining companies Local groups argue that the controversial IFC-sponsored Ahafo gold mine seriously threatens the environment and livelihoods. Read more Update \| 12 July 2006 Newmont's Ahafo gold mine begins production Read more Update \| 12 July 2006 Civil society calls for IFC Board to review Ahafo Gold Mine Project Read more Update \| 11 May 2006 Newmont Mining Corporation discloses supplemental documents on its Ahafo gold mine in Ghana Following expressions of concern about ongoing problems at its Ahafo gold mine in Ghana, Newmont Mining Corporation recently made available new documents on the project's social and environmental impacts and mitigation measures. These supplemental documents, located on Newmont’s website, contain updated information on the company's resettlement action plan, measures to address the vulnerability of project-affected populations, the terms of reference for an external monitoring mechanism, and data on environmental risks. Supplemental documents on the Ahafo mines (Newmont’s website) Read more Update \| 13 March 2006 Civil society calls on IFC to address outstanding social and environmental issues Following the approval of IFC financing for Newmont's Ahafo mine in Ghana, the Bank Information Center, Oxfam-America, FoodFirst Information Action Network, Earthworks, WACAM, and ABRANDH sent a letter to IFC repeating the call for urgent action to be taken on unresolved problems related to the social and environmental impacts of the mine. Read more Update \| 12 September 2005 IFC considers financing for Newmont gold mine in Ghana On August 29, the International Finance Corporation indicated its intent to provide $125 million in loans to Newmont Gold Corporation, the largest gold producer in the world, for its development of two mining sites in the Brong Ahafo region of Ghana. Prior to the public announcement about proposed IFC support for the mining activities, local community members and civil society organizations in Ghana had expressed concern about Newmont's operations, community relations and the lasting environmental impacts of the open-pit gold mine. Read more Print this page Email this page

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