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Education is a cornerstone to longterm and sustainable economic development and mining is a key contributor to Ghana's future growth. "Since Newmont began operating in Ghana in 2006, we have committed over US20 million to a variety of educational causes in the country", he said.
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He said the government of Ghana in March 2016 signed a Development Agreement with Gold Fields Ghana covering its Tarkwa and Damang mines which was expected to run for a period of 11 years and 9 years for both mines respectively.
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Tarkwa Mine mines several lowgrade conglomeratic "reefs" of Tarkwaian type. These reefs are of midProterozoic age. Tarkwa Mine currently (2007) has the distinction of being the largest gold mine in Ghana. Approximately 24 tons of gold is produced annually, and 100 million tons of earth is moved to achieve this production rate.
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