Government has ordered the immediate suspension of offshore gold exploration activities by Goldcoast GRC Ghana Limited, months after granting the company reconnaissance licences to search for minerals in Ghana’s territorial waters.
The Minerals Income Investment Fund (MIIF) is exploring investments and strategic partnerships across the domestic mining supply chain. Steel manufacturer B5 Plus is an identified potential partner as the Fund seeks to increase local participation and retain more value from mineral production.
Illegal mining has trespassed on 57 forest reserves across the country, according to environmental organisation A Rocha Ghana.
The country could significantly increase mining revenue by closing the tax and formalisation gap in artisanal and small-scale mining (ASM) rather than placing a heavier fiscal burden on the relatively small number of large-scale producers, Ghana Chamber of Mines (GCM) has said.
The minerals law's planned overhaul faces a critical test - whether the country can secure a greater share of its mineral wealth without weakening the regulatory certainty needed to attract long-term mining capital, the Natural Resource Governance Institute (NRGI) has said.
Perseus Mining Ghana Limited (PMGL) has paid GH¢391million (US$35million) in dividends to the Government of Ghana, representing the State’s entitlement from its 10 percent equity stake in the company.
The Minerals Commission is stepping up efforts to formalise the small-scale mining and industrial minerals sectors through new exploration zones, digital monitoring systems and proposed legislative reforms.
Get the latest mining news delivered to your inbox.
