Newmont, a leading global gold producer, has appointed its first Ghanaian Managing Director, Abdul-Rahman Amoadu, to oversee the company’s business operations across Africa. This significant appointment, effective August 1, 2024, marks a milestone in Newmont’s history on the continent, where it operates two major mines and several joint venture exploration projects.
Amoadu brings a wealth of experience to his new role. He previously served as the Managing Director of Newmont’s Yanacocha mine in Peru. He also held positions as the South America Regional Chief Finance Officer and the Africa Regional Chief Finance Officer. His extensive background in finance, operations, and international trade, combined with his deep familiarity with the African continent, makes him uniquely qualified for this leadership position.
Natascha Viljoen, Chief Operating Officer of Newmont, expressed confidence in Amoadu’s capabilities. She emphasized that his global experience and strong management skills would be crucial as Newmont continues to build a premier mining portfolio in Africa.
Newmont’s presence in Africa spans nearly two decades, beginning with the commercial production at the Ahafo South mine in 2006, followed by the Akyem mine in 2013. These operations have established Newmont as the largest gold producer in Ghana and the biggest employer in the country’s mining sector. The company’s ongoing projects and joint ventures underscore its long-term commitment to the region.
The appointment of Amoadu comes at a pivotal time for Newmont, as it actively progresses its Ahafo North project, which will be its third mine in Ghana. This project is expected to further enhance Newmont’s production capacity and reinforce its status as a key player in the African mining industry.
Before joining Newmont, Amoadu had a distinguished career at Maersk, where he worked in senior management roles across Africa and Europe. His diverse experience in the logistics and shipping industry has equipped him with valuable insights and skills that he now brings to the mining sector.
The Ahafo North project, currently under development, represents a significant investment in Ghana’s mining sector. Once operational, the mine is projected to produce substantial quantities of gold, contributing to both Newmont’s growth and the economic development of the region. The project also aims to create numerous job opportunities and support local businesses, further integrating Newmont into the fabric of the Ghanaian economy.
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