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GoldFields Ghana invests in road infrastructure

  • SOURCE: thefinderonline.com | The Finder
    • POSTED ON: May 31, 2018
    • CATEGORY:

    The upgrading which is estimated at US$21 million is expected to serve the two mines and several communities along the stretch. The rehabilitation includes asphalt finish with a lifespan of over 20 years.

    Speaking at the launch of the anniversary, Mr Alfred Baku, the Executive Vice President of Goldfields Ghana said the construction was already generating job opportunities for community youth along the road corridor, adding that when completed, it will stimulate economic activities and benefits for other neighbouring communities.

    He said the company since its inception in Ghana in 1993 has made giant strides in the mining sector and also contributed significantly to the development of the country.

    “We have paid around US$1billion in dividends to shareholders, since the beginning of our surface mining operations in 1998. Of this amount, the Government of Ghana, having a 10% ownership through a free-carried interest, has earned in excess of US$100million in dividend payments. In addition, Gold Fields has paid over US$1.2billion directly to the Government in corporate taxes and royalties.”

    The year-long celebration, according to him would focus on rewarding loyal workers of the company and also see the company undertake developmental projects in some of the mining communities in the country.

    Mr Baku said as part of activities to mark their 25th anniversary the company has plans to upgrade the Tarkwa T&A park to a modern stadium. “A committee has been set up to carry out the necessary feasibility studies and cost estimation. The same committee will also undertake a similar exercise for the upgrade of the Tarkwa Apinto Government Hospital into a first class medical facility, and a model for quality healthcare delivery in the region and the country.”

    He noted that for as long as the company operates they would ensure that the growth and prosperity of its mines reflect positively on the Tarkwa and Damang townships and the surrounding communities.

    He recounted how the company started in the early 90s and commended present and past workers of the company for their efforts in making it the nation’s premier mining firm.

    “While we look back to our 25 years of existence in Ghana with a huge sense of pride, we are even more optimistic about the future. With the ongoing optimization of our operations, our focus on exploration, and the extension of our footprint in Ghana through our recent joint venture with Asanko, we see a Gold Fields that is poised for greater things in the years ahead.”

    Mr Sulemanu Koney, Chief Executive Officer of the Ghana Chamber of Mines said Gold Fields Ghana had contributed immensely to the Chamber over the years and has been a pillar of support.

    He added that not only has the Chamber benefited from Gold Fields, but the mining industry as a whole, the communities they work in and it’s workers.

    He congratulated the company on their 25th anniversary and hoped that they would continue to work closely with the Chamber and the government.

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