Newmont Ghana’s Akyem mine was recently recognized as the Best Performing Company in Ghana among the 100 most prestigious companies in the country. The company emerged at the top of the 2015 Ghana Club 100 awards organized by the Ghana Investment Promotion Council (GIPC).
The Akyem mine also picked up three other awards at the event, being recognized as the Leader in the Petroleum and Mining Sector Ranking for 2015, Fastest Growing Company of the Year and the Best New Entrant Company. Newmont Ghana’s Ahafo Mine also improved on its previous ranking by placing 8th on the Club 100 list. In the 2013 and 2014 rankings, Ahafo was the 15th and 18th Best Company respectively.
In its 15th year, the Ghana Club 100 is an annual showcase of the top 100 companies in Ghana. Entrants are a collection of growing companies with positive cumulative net profits for their three most recent operating years. The initiative, which is led by the Ghana Investment Promotion Centre, uses three main parameters to determine whether a company is eligible: size (turnover), profitability and growth.
The President of Ghana, John Dramani Mahama, presented the Overall Best Performing Company to the Akyem Mine for demonstrating strong business performance in the year under review. He expressed the nation’s gratitude to the company and all the others on the rankings for their continuous support to the Ghanaian economy.
Over the last couple of years, Newmont Ghana has implemented a number of business improvement initiatives in its Ahafo and Akyem Mines to drive down cost and ensure the companies’ sustainability and profitability in the midst of headwinds faced by the gold mining industry.
According to the Interim General Manager of the Akyem Mine, Okyere Ntrama, this is one of several reasons why the company emerged the best performing company for 2015. “We are excited about this recognition but more pleased that our commitment to create value and improve lives through sustainable and responsible mining is making impact in our communities and in the Ghanaian economy,” he said.
The General Manager of the Ahafo Mine, Joep Coenen, expressed gratitude to the government, community, regulators and all other stakeholders for continually collaborating with the mine to drive superior performance and create shared value for all. He was optimistic that with the continuous support for the company’s operations and planned growth projects, Newmont Ghana will be able to ensure enhanced performance in its host communities and the country at large.
The Regional Senior Vice President, Newmont Africa, Alwyn Pretorius expressed gratitude to the companies’ employees and business partners and reiterated Newmont’s commitment to working with the government and all relevant stakeholders to ensure business improvement and create value for all. “My team and I are proud of the achievements of our two mines. I believe the awards are further proof of our strong contribution to the economy of Ghana and commitment to creating shared value for all. We will continue to count on the support of the government and other stakeholders in improving our business efficiency and advancing our growth opportunities in Ahafo and Akyem to ensure our long-term ability to create value for all stakeholders,” he said.