Politics
Ghana Is Weighing Local Control of Gold Fields’ Biggest Mine
Key Points
Ghana Is Weighing Local Control of Gold Fields’ Biggest Mine Ghana is considering transferring control of Gold Fields Ltd.’s Tarkwa mine to local firms when its leases expire next April, part of a push to increase control of its gold industry and capture more of the proceeds from high bullion prices. The Ghanaian miners will need to submit bids for evaluation if the government goes ahead with the plan, people with knowledge of the matter said, asking not to be identified as the discussions...
Ghana Is Weighing Local Control of Gold Fields’ Biggest Mine
Ghana is considering transferring control of Gold Fields Ltd.’s Tarkwa mine to local firms when its leases expire next April, part of a push to increase control of its gold industry and capture more of the proceeds from high bullion prices.
The Ghanaian miners will need to submit bids for evaluation if the government goes ahead with the plan, people with knowledge of the matter said, asking not to be identified as the discussions are preliminary. The authorities are also weighing the option of extending the leases for Gold Fields, they said.