Gold News

History of Gold Mining in Ghana. Ghana has a long history of mining, especially for gold. … In 1895, Ashanti Goldfields Corporation began work in the Obuasi district of Ghana, developing the Ashanti and other mines, which have produced the largest proportion of gold since 1900 in the countries of the Gold Coast.

Ghana has a long history of mining, especially for gold. Gold from West Africa was traded to Europe at least as early as the tenth century. Most of this gold came by Sahara caravan, the original sources being the kingdoms of Ghana, Mali, and Songhai. In the early colonial time, it is thought that annually more than a quarter of a million ounces of gold reached Europe from African sources. Based mainly on native workings, numerous gold deposits, both bedrock and placer, were rediscovered during the latter part of the nineteenth century throughout Senegal, Guinea, Sierra Leone, Ghana, Nigeria, and the other nations of the Gold Coast.
The Precambrian auriferous Tarkwa conglomerates of Ghana were developed in a modern way during the period 1876-1882 by Pierre Bonnat, the father of modern gold mining in the Gold Coast. In 1895, Ashanti Goldfields Corporation began work in the Obuasi district of Ghana, developing the Ashanti and other mines, which have produced the largest proportion of gold since 1900 in the countries of the Gold Coast. All of these deposits are of Precambrian age.
At the Obuasi mine, over the years, 25 million ounces of gold were mined. At Bogoso, since mining operations commenced in 1873, more than nine million ounces of gold were produced, largely from extensive underground operations.

GOLD AND PRECIOUS METALS INFORMATION:
Gold is one of the most precious metals in the world. It is present in the rivers, seas, and the earth’s crust and trace amounts are present in plants and animals. It is, however, difficult and expensive to extract. In modern mining operations approximately 3 tons of ore are needed to extract one ounce of gold. The many desirable qualities found in gold, along with its scarcity, have made it the most popular metal for use in jewellery today.

PROPERTIES OF GOLD
Gold in its pure state:
· Has a melting point of 1945 degrees Fahrenheit (1063 degrees Celsius). When alloyed (chemically combined) with other base metals the melting temperature of the resulting alloy is changed. 18K yellow gold has a melting point of 1675 degrees Fahrenheit and 14K yellow gold has a melting point of about 1550 degrees Fahrenheit.

· Has a specific gravity of 19.33. It is relatively heavy compared to most metals, such as silver (SG 10.7) or iron (SG 7.8). A notable exception is platinum (SG 21.4).

· Is more malleable than any other metal and can be hammered into foil so thin that it is almost transparent.

· Has a unique ductility property allowing it to be drawn into wire so fine it can barely be seen.

· Is deep yellow in color. Its great reflectivity properties help keep its brightness and color from fading with time.

· Will not rust, tarnish or corrode. Gold jewellery recovered from ancient Egyptian tombs is in the same state as when placed there over 4000 years ago.

· Is softer than most other metals. On the Mohs scale of hardness (which is a measure of a gemstone or mineral’s resistance to scratching), gold has a hardness value of 2 to 2.5. Diamond has a value of 10. Pure gold may easily be scratched. Fortunately, gold becomes harder when alloyed with other base metals.

· Is relatively scarce and therefore expensive. It is estimated that only 125,000 tons of gold have been mined the world over since the beginning of time.

· Is able to bond with other base metals. This property gives rise to the many different colors available in modern gold alloys.