Exclusive: Ghana directs Newmont, AngloGold, Zijin to shift mining ops to local firms by December, sources say - Reuters
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The Bottom Line
Ghana directed major mining companies to transfer operations to local firms by December.
AI Summary
Ghana has reportedly directed major mining companies Newmont, AngloGold, and Zijin to transfer their mining operations to local firms by December. This directive, according to sources, aims to increase local participation and ownership within the country's mining sector. The move could significantly reshape the landscape of Ghana's resource extraction industry, potentially empowering domestic businesses. It also signals a push by the Ghanaian government to retain more economic benefits from its natural resources. The companies involved, including international giants, will need to navigate this significant policy shift.
What's Being Done
Ghana has issued a directive for Newmont, AngloGold, and Zijin to shift their mining operations to local firms.
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