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Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd
The Government of Ghana is considering the option of transferring the control of Gold Fields Tarkwa Mine to local firms when the current lease expires in April 2027.
This was revealed by Bloomberg, which it cited some persons familiar with the matter, but have asked not to be identified for now, as discussions are at a preliminary stage.
According to Bloomberg, the potential move comes as the government seeks greater ownership of the gold industry, with gold prices continuing to rise on the international market.
Under the proposed plan, the local miners will need to submit bids for government evaluation if the plan proceeds.
Source: newsthemegh.com