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Ghana to Cut Mining Lease Renewal Terms to 10 Years From 30 Years

2026-07-17 16:21:51

GFI-0.34%

According to Bloomberg, Ghana is preparing to significantly shorten mining lease renewal periods to a maximum of 10 years from the current 30 years, with the legislative proposal expected to be submitted to parliament within weeks. The cabinet has already approved the mining law overhaul, marking the first major revision since 2006. The change could affect companies like South Africa-based Gold Fields, whose Tarkwa mine in Ghana produced 475,000 ounces of gold in 2025, representing about one-fifth of the company's total output.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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