China’s biggest coal miner announced the construction this week of another massive project to supply feedstock for petrochemicals makers and help clear a prospective surplus of the fossil fuel.

China's Zijin Mining Group will buy the Akyem Gold Mine Project in Ghana from U.S.-based Newmont Corp for $1 billion, the companies said on Wednesday. The sale is a part of Newmont's ongoing programme to divest non-core assets as the company makes a strategic shift to focus on its tier one assets,

Newmont agrees to sell Akyem gold mine in Ghana to Zijin Mining for up to $1B in cash, as part of strategic focus on Tier 1 assets.

Ghana has a gold problem: illegal mines, known as 'galamsey', where men work without proper protective equipment. It threatens their lives – and the environment.