Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
China's foreign minister Wang Yi speaks at press conference in AlgiersDecember 21, 2013 during an official visit/AFP

World

China to work with Ghana on illegal mining: FM

China's foreign minister Wang Yi speaks at press conference in AlgiersDecember 21, 2013 during an official visit/AFP

China’s foreign minister Wang Yi speaks at press conference in AlgiersDecember 21, 2013 during an official visit/AFP

ACCRA, January 8- China’s foreign minister on Wednesday said Beijing was tackling illegal gold mining in Ghana, after hundreds of his compatriots were arrested and sent home for extracting the mineral without permission.

Wang Yi, on a four nation tour of Africa, told reporters after meeting his Ghanaian counterpart Hannah Tetteh in Accra that China took the issue “very seriously”.

But he urged both countries to work more closely together to crack down further on the problem.

Improvements had already been made, he said through a translator, calling for increased cooperation to make the sector “more standardised, orderly and sustainable”.

“The Chinese government will encourage reputable and equitable finance companies to come to Ghana to be involved in the resource sector and we hope the government of Ghana will provide the support and facilitation to these companies,” he added.

Illegal mining in Ghana, particularly of gold, has become a major issue and also raised concerns about water pollution and environmental damage.

Last year hundreds of people, most of them from China, were detained as the government began enforcing a law barring foreign nationals from engaging in small scale mining operations.

Ghana is Africa’s second-largest gold producer after South Africa and Chinese nationals in particular have flocked to the country in search of the yellow metal and their fortune.

Some Chinese, many of them from Shanglin county in Guangxi province which also has a tradition of gold mining, have agreed to leave voluntarily although others have been repatriated.

China is scouting for new markets, particularly in Africa, to fund and fuel its growing economy, with oil and natural resources high on its list.

Advertisement. Scroll to continue reading.

The Asian giant is one of the largest infrastructure investors in Ghana, which is an emerging oil producer and has enjoyed high growth rates in recent years.

China said its exports to Ghana in 2012 stood at $4.79 billion, up from $3.11 billion in the previous 12 months, while imports nearly doubled in the same period from $363.2 million to $643.6 million.

Wang began his Africa tour this week in Ethiopia and Djibouti. After Ghana he is due to visit Senegal.

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...