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Ghana to enact new law ahead of Gold Fields renewal
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Ghana to enact new law ahead of Gold Fields renewal
GHANA is drawing up its most extensive rewrite of mining rules in twenty years – a move that would sharply cut how long companies can run mines in Africa’s top gold producer before having to renew their rights, said Bloomberg News. Cabinet has approved the draft legislation, which is due before parliament shortly, according to people familiar with the matter. It would cap lease renewals at 10 years, down from the current 30-year allowance, and t…
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