Local jewellers are struggling to keep their heads above water as a myriad of challenges are threatening to wipe out the industry that holds a semblance of connection to the country’s industrial gold mining sector which feeds refineries around the world.
Medical staff in Sewum Health Centre in the Aowin District of the Western North region are recording a high number of newborn babies without some vital body parts due to the activities of illegal mining popularly known as galamsey.
Although the unprecedented health crisis of 2020 affected diamond mining operations, three countries waged the challenges to account for at least three-quarters of the precious stone’s global production.
Ghana today deployed 200 soldiers from the Ghana Armed Forces to begin an operation to remove all persons and logistics involved in illegal mining from the country’s water bodies.
Following the commodity downturn in 2014, many miners were forced to focus on cost-out initiatives, deleveraging balance sheets and returning cash to shareholders who had become disillusioned with the industry’s track record.
Washington, U.S – Commodity prices continued their recovery in the first quarter of 2021 and are expected to remain close to current levels throughout the year, lifted by the global economic rebound and improved growth prospects, according to the World Bank’s semi-annual Commodity Markets Outlook.