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Chirano Gold Mine
Chirano Gold Mine is an underground and open pit gold mine in the Western Region of Ghana, within the Bibiani gold belt. It is 90% owned by Toronto-based Kinross Gold Corporation. The Government of Ghana has a 10% carried interest. Description The Chirano Gold Mine is located in southwestern Ghana, approximately 100 kilometres southwest of Kumasi, Ghana's second largest city. Chirano was explored and developed from 1996 by Red Back Mining NL, an Australian company that moved to a Canadian listing in April 2004. Chirano began production in October 2005. Kinross Gold acquired the mine on 17 September 2010 through a US$7.1 billion takeover of Red Back Mining, through which it also acquired the Tasiast Gold Mine in Mauritania Mauritania (; ar, موريتانيا, ', french: Mauritanie; Berber: ''Agawej'' or ''Cengit''; Pulaar: ''Moritani''; Wolof: ''Gànnaar''; Soninke:), officially the Islamic Republic of Mauritania ( ar, الجمهورية الإسلامية .... ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bibiani/Anhwiaso/Bekwai District
Bibiani/Anhwiaso/Bekwai Municipal District is one of the nine districts in Western North Region, Ghana. Originally created as an ordinary district assembly in 1988 when it was known as Bibiani/Anhwiaso/Bekwai District, which it was later elevated to municipal district assembly status in March 2012 to become Bibiani/Anhwiaso/Bekwai Municipal District. The municipality is located in the northeast part of Western North Region and has Bibiani Bibiani is a town and capital of the Bibiani/Anhwiaso/Bekwai Municipal Assembly, a Municipality within the Western North Region of Ghana Ghana (; tw, Gaana, ee, Gana), officially the Republic of Ghana, is a country in West Africa. It ab ... as its capital town. Sources * References Districts of the Western North Region {{WesternNorthRegion-geo-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carried Interest
Carried interest, or carry, in finance, is a share of the profits of an investment paid to the investment manager specifically in alternative investments (private equity and hedge funds). It is a performance fee, rewarding the manager for enhancing performance.Lemke, Lins, Hoenig and Rube, ''Hedge Funds and Other Private Funds: Regulation and Compliance'', §13:20 (Thomson West, 2013–2014 ed.). Since these fees are generally not taxed as normal income, some believe that the structure unfairly takes advantage of favorable tax treatment, e.g. in the United States. History The origin of carried interest can be traced to the 16th century when European ships were crossing to Asia and the Americas. The captain of the ship would take a 20% share of the profit from the carried goods to pay for the transport and the risk of sailing over oceans. Definition and calculation Carried interest is a share of the profits of an investment paid to the investment manager in excess of the amount t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Surface Mines In Ghana
A surface, as the term is most generally used, is the outermost or uppermost layer of a physical object or space. It is the portion or region of the object that can first be perceived by an observer using the senses of sight and touch, and is the portion with which other materials first interact. The surface of an object is more than "a mere geometric solid", but is "filled with, spread over by, or suffused with perceivable qualities such as color and warmth". The concept of surface has been abstracted and formalized in mathematics, specifically in geometry. Depending on the properties on which the emphasis is given, there are several non equivalent such formalizations, that are all called ''surface'', sometimes with some qualifier, such as algebraic surface, smooth surface or fractal surface. The concept of surface and its mathematical abstraction are both widely used in physics, engineering, computer graphics, and many other disciplines, primarily in representing the surfac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gold Mines In Ghana
Gold is a chemical element with the symbol Au (from la, aurum) and atomic number 79. This makes it one of the higher atomic number elements that occur naturally. It is a bright, slightly orange-yellow, dense, soft, malleable, and ductile metal in a pure form. Chemically, gold is a transition metal and a group 11 element. It is one of the least reactive chemical elements and is solid under standard conditions. Gold often occurs in free elemental (native state), as nuggets or grains, in rocks, veins, and alluvial deposits. It occurs in a solid solution series with the native element silver (as electrum), naturally alloyed with other metals like copper and palladium, and mineral inclusions such as within pyrite. Less commonly, it occurs in minerals as gold compounds, often with tellurium (gold tellurides). Gold is resistant to most acids, though it does dissolve in aqua regia (a mixture of nitric acid and hydrochloric acid), forming a soluble tetrachloroaurate anion. Gold is i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Birimian
The Birimian rocks are major sources of gold and diamonds that extend through Ghana, Côte d'Ivoire, Guinea, Mali and Burkina Faso. They are named after the Birim River, one of the main tributaries of the Pra River in Ghana and the country's most important diamond-producing area. Ghana and Mali are the second and third largest producers of gold in Africa, respectively. The Birimian terranes in the southern part of the West African craton are a mix of metamorphosed volcanic, sedimentary, and plutonic rocks and low-grade metavolcanics and metasediments. Almost half of the terranes consist of alkaline granites. The rocks formed over a period of about 50 million years between 2.200 Ga and 2.100 Ga years ago. Location The Birimian rocks stretch across the countries to the north of the Gulf of Guinea, forming parallel belts that generally trend northeasterly and are wide and about apart. They consist of interlayered sedimentary and volcanic flow rocks metamorphosed to low ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Geology Of Ghana
The geology of Ghana is primarily very ancient crystalline basement rock, volcanic belts and sedimentary basins, affected by periods of igneous activity and two major orogeny mountain building events. Aside from modern sediments and some rocks formed within the past 541 million years of the Phanerozoic Eon, along the coast, many of the rocks in Ghana formed close to one billion years ago or older leading to five different types of gold deposit formation, which gave the region its former name Gold Coast (region), Gold Coast. Stratigraphy, Tectonics & Geologic History Ancient rocks from the Paleoproterozoic, Neoproterozoic and perhaps early Paleozoic cover almost all of Ghana, except near the coast where Paleozoic, Mesozoic and Cenozoic rocks are common. Main Precambrian rock units include the metamorphosed and fold (geology), folded Dahomeyan, Birimian, Tarkwaian system (geology), System, Togo series (geology), Series, and the Buem formation (geology), Formation. Paleozoic rocks i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital subscribers. It also is a producer of popular podcasts such as '' The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national " newspaper of record". For print it is ranked 18th in the world by circulation and 3rd in the U.S. The paper is owned by the New York Times Company, which is publicly traded. It has been governed by the Sulzberger family since 1896, through a dual-class share structure after its shares became publicly traded. A. G. Sulzberger, the paper's publisher and the company's chairman, is the fifth generation of the family to head the pa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mauritania
Mauritania (; ar, موريتانيا, ', french: Mauritanie; Berber: ''Agawej'' or ''Cengit''; Pulaar: ''Moritani''; Wolof: ''Gànnaar''; Soninke:), officially the Islamic Republic of Mauritania ( ar, الجمهورية الإسلامية الموريتانية), is a sovereign country in West Africa. It is bordered by the Atlantic Ocean to the west, Western Sahara to the north and northwest, Algeria to the northeast, Mali to the east and southeast, and Senegal to the southwest. Mauritania is the 11th-largest country in Africa and the 28th-largest in the world, and 90% of its territory is situated in the Sahara. Most of its population of 4.4 million lives in the temperate south of the country, with roughly one-third concentrated in the capital and largest city, Nouakchott, located on the Atlantic coast. The country's name derives from the ancient Berber kingdom of Mauretania, located in North Africa within the ancient Maghreb. Berbers occupied what is now Mauritania ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tasiast Gold Mine
The Tasiast gold mine is an open-pit gold mine in Mauritania, owned and operated by Kinross Gold. The mine is located north of the capital of Nouakchott in a wadi Wadi ( ar, وَادِي, wādī), alternatively ''wād'' ( ar, وَاد), North African Arabic Oued, is the Arabic term traditionally referring to a valley. In some instances, it may refer to a wet (ephemeral) riverbed that contains water ... called Khatt Atui. History The Tasiast Gold Mine began production in 2008. In 2010, Kinross Gold purchased it as part of a $7.1-billion takeover of Red Back Mining in 2010. Expansion Following the purchase, Kinross began an expansion of the mine, which is scheduled to finish in 2014, increasing production from 56,000 ounces per year (as of 2010) to 1.5 million. the expansion project was expected to be $1 billion over budget, but it later got scaled back. Kinross plans to build training facilities in the area, including a School of Mines. Controversies In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kinross Gold
Kinross Gold Corporation is a Canadian-based gold mining, gold and silver mining company founded in 1993 and headquartered in Toronto, Ontario, Canada. Kinross currently operates six active gold mines, and was ranked fifth of the "10 Top Gold-mining Companies" of 2019 by ''InvestingNews''. The company's mines are located in Brazil, Mauritania, and the United States. It trades under the KGC ticker in the New York Stock Exchange, and under K in the Toronto Stock Exchange. Operations Kinross Gold operates mines in North and South America, and West Africa. In 2022, 58% of Kinross gold production is expected to come from the Americas. Fort Knox This property includes a mill, tailings storage, Heap leaching, heap leach facility, the Gil project, and the True North open pit mine, which is closed and under monitoring. Expected to run out of ore in 2021, the mine's life has been extended to 2030 following a $100 million expansion investment announced in 2018, increasing life-of-mine produ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Listing (finance)
In corporate finance, a listing refers to the company's shares being on the list (or board) of stock that are officially traded on a stock exchange. Some stock exchanges allow shares of a foreign company to be listed and may allow dual listing, subject to conditions. Normally the issuing company is the one that applies for a listing but in some countries an exchange can list a company, for instance because its stock is already being traded via informal channels. Stocks whose market value and/or turnover fall below critical levels may be delisted by the exchange. Delisting often arises from a merger or takeover, or the company going private. Requirements Each stock exchange has its own listing requirements or rules. Initial listing requirements usually include supplying a history of a few years of financial statements (not required for "alternative" markets targeting young firms); a sufficient size of the amount being placed among the general public (the free float), both in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Red Back Mining
Red Back Mining Inc. is an unhedged Vancouver based mineral resource company. Its focus is West Africa where it operates the Chirano Gold Project in Ghana and the Tasiast Gold Mine in Mauritania. It has one division, Red Back Mining NL, based in Perth, Australia. While independent it was considered one of Canada's Largest gold companies with a market capitalization of $ 5.8 billion or 3/4 as much as the 10th largest gold mining company in the world however at the time its key mines hadn't yet reached full potential or critical mass. In May 2010, there was an announcement of a private placement in which one of the world's largest gold mining companies Kinross Gold will purchase 9.4% of Red Back's outstanding shares. When the deal is completed Kinross will be the company's largest shareholder next to Fidelity Management which currently owns 6%. On August 3, 2010 an announcement was made by Kinross offering to merge Red Back into Kinross with Kinross paying $7.1 billion for a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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