Beijing Xiaocheng Technology Reports $900,000 Loss in Ghana Robbery

Beijing Xiaocheng Technology Stock Co, a Chinese gold mining company, reported a loss of 12 kilograms (26 pounds) of gold valued at approximately $900,000 due to an armed robbery at its Akroma Gold Mining Co subsidiary in Ghana on April 18. The incident involved five to six masked assailants who overpowered security personnel, assaulted several workers, and fled with the gold intended for export. Ghanaian authorities have arrested suspects linked to the robbery and issued a bounty for further arrests, while local security agencies continue to search for the missing gold. No fatalities were reported, but the attack has prompted Akroma to enhance its security measures. The company, which operates three gold mines in Ghana, has since resumed normal activities at the Akroma site and is also involved in renewable energy projects, including a 20MW solar power station. Ghana's gold exports generated $9.53 billion in revenue in 2022, making it a major player in the global gold market.