February 8, 2011

Newmont Mining Corporation Expects to Double Gold Production by 2015

According to an article in Reuters, Newmont Mining Corporation expects to more than double its gold production by 2015, from 500,000 to about 1.2MM ounces per year. The firm expects the expansion to be driven by its projects in Ghana, where it plans to invest up to $1BN in its Akyem project. The firm also has operations in the Ivory Coast, Mali, Burkina Faso, and Guinea.

For more information about investing in Africa, please contact Nile Capital Management at (646)367-2820 or info@nilecapital.com

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