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What will be the main challenge for Zijin Mining at Akyem in 2025?
2
Resolution / Starting Odds
Illegal mining activities • 25%
Environmental concerns • 25%
Regulatory hurdles • 25%
Other operational issues • 25%
Reports from Zijin Mining, news articles, industry analysis
Story
Zijin Mining Acquires Akyem Gold Project in Ghana from Newmont for $1 Billion, Operations Expected by 2028
Oct 9, 2024, 01:39 AM
China's Zijin Mining has acquired the Akyem gold project in Ghana from Newmont for $1 billion. This transaction comes amid rising global gold prices, which have reached record levels this year. The acquisition is part of Zijin's strategy to enhance its resources to meet aggressive output targets. The underground operations at the Akyem project are expected to commence in 2028. This deal highlights the growing interest in Ghana's gold mining sector, which has faced challenges related to illegal mining activities and environmental concerns.
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Increase by more than 10% • 25%
Increase by 5-10% • 25%
Increase by less than 5% • 25%
No significant increase • 25%
Acquire new tier one assets • 25%
Increase dividends or share buybacks • 25%
Invest in technology or innovation • 25%
Other strategic moves • 25%
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No • 50%
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Technical challenges • 25%
Financial constraints • 25%
No significant challenges • 25%
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No • 50%
Another gold mine • 25%
Copper or other metal mine • 25%
Non-mining asset • 25%
No major acquisition • 25%
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No • 50%
Staffing shortages • 25%
Legal challenges • 25%
Logistical issues • 25%
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Another gold project • 25%
Copper project • 25%
Lithium project • 25%
Other mineral project • 25%