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Ghana Sets 2026 Deadline for Foreign Miners to Transition to Local Contractors

Ghana Sets 2026 Deadline for Foreign Miners to Transition to Local Contractors

Ghana's Minerals Commission has issued a directive requiring foreign mining companies to transition their operations to local contractors by December 2026. This move is part of Ghana's broader strategy to increase local participation in its gold sector, which is the largest in Africa. The policy mandates that surface mining be conducted by companies fully owned by Ghanaian citizens, while underground operations must have at least 50% local ownership. Major operators like Newmont, AngloGold Ashanti, and Zijin Mining are among the last firms still operating with their own workforce. The directive follows reforms introduced in January 2025, aimed at prioritizing Ghanaian ownership in mining operations.
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Ghana Mandates Newmont, AngloGold, Zijin to Transition Mining Operations to Local Firms

Ghana Mandates Newmont, AngloGold, Zijin to Transition Mining Operations to Local Firms

Ghana's mining regulator has instructed international mining companies Newmont, AngloGold Ashanti, and Zijin to transfer their mining operations to local contractors by December 2026. This directive follows Ghana's revised local ownership rules, which require surface mining to be conducted by fully Ghanaian-owned firms and underground mining by companies with at least 50% Ghanaian ownership. The move aims to increase local participation in the mining sector and retain more value within the country. Companies failing to comply with the deadline may face sanctions, including fines or potential shutdowns.
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Ghana Mandates Newmont, AngloGold, Zijin to Localize Mining Operations by December 2026

Ghana Mandates Newmont, AngloGold, Zijin to Localize Mining Operations by December 2026

Ghana's mining regulator has issued a directive requiring international mining companies Newmont, AngloGold Ashanti, and Zijin to transition their mining operations to local contractors by December 2026. This move is part of a broader effort by the Ghanaian government to increase local ownership and participation in the mining sector. The directive follows a revision of local ownership rules in January 2025, which mandates that surface mining be conducted by fully Ghanaian-owned firms, while underground mining must involve companies with at least 50% Ghanaian ownership. The companies have been given until the end of 2026 to comply, with the regulator warning of potential sanctions for non-compliance. Newmont's request for an extension to 2027 was rejected, as other listed miners have already complied with the new rules.
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Newmont beats Q1 profit estimates, flags weaker output and higher costs in Q2

Newmont beats Q1 profit estimates, flags weaker output and higher costs in Q2

April 23 (Reuters) - Newmont beat Wall Street estimates for first-quarter profit on Thursday as record gold prices helped offset lower production, though the world's largest gold miner warned of weaker output and elevated costs in the current quarter.
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Gold Miners with Strong Balance Sheets Offer Stability Amid Economic Uncertainty

Gold Miners with Strong Balance Sheets Offer Stability Amid Economic Uncertainty

Gold Miners with Strong Balance Sheets Offer Stability Amid Economic Uncertainty
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Mining Leaders Address Resource Nationalism and Legal Challenges at Johannesburg Conference

Mining Leaders Address Resource Nationalism and Legal Challenges at Johannesburg Conference

Mining Leaders Address Resource Nationalism and Legal Challenges at Johannesburg Conference
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Hycroft Mining Evaluates Underground Options for Silver Systems in Nevada

Hycroft Mining Evaluates Underground Options for Silver Systems in Nevada

Hycroft Mining Evaluates Underground Options for Silver Systems in Nevada
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Hycroft Mining Explores Underground Options at Nevada Site

Hycroft Mining Explores Underground Options at Nevada Site

Hycroft Mining Explores Underground Options at Nevada Site
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Africa's Fertilizer Crisis Highlights Structural Vulnerabilities in Agriculture

Africa's Fertilizer Crisis Highlights Structural Vulnerabilities in Agriculture

Africa's agricultural systems have been significantly impacted by a global fertilizer crisis, exacerbated by the COVID-19 pandemic and the Russia-Ukraine conflict. The crisis led to sharp increases in fertilizer prices and supply constraints, affecting countries like Kenya, Ghana, and Morocco differently based on their market structures. While Morocco's domestic production provided some resilience, Kenya and Ghana faced greater disruptions due to their reliance on imports. The crisis has highlighted the need for long-term strategies to strengthen agricultural resilience.
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Blue Gold Appoints Gustavo Gomes as COO to Enhance Mining Operations

Blue Gold Appoints Gustavo Gomes as COO to Enhance Mining Operations

Blue Gold Appoints Gustavo Gomes as COO to Enhance Mining Operations
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Volunteer Rescues Gravely Ill Puppy in Ghana, Transformation Stuns Viewers

Volunteer Rescues Gravely Ill Puppy in Ghana, Transformation Stuns Viewers

Volunteer Rescues Gravely Ill Puppy in Ghana, Transformation Stuns Viewers
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Cerrado Gold Reports Strong Q1 Production at Minera Don Nicolas

Cerrado Gold Reports Strong Q1 Production at Minera Don Nicolas

Cerrado Gold announced a strong production quarter at its Minera Don Nicolas mine in Argentina, producing 12,842 gold-equivalent ounces in Q1 2026, up from 11,163 ounces the previous year. The company focused on underground development, which reduced immediate ore processing but is expected to increase production in future quarters. CEO Mark Brennan highlighted the stability provided by the mine's heap leach and carbon-in-leach production fronts. The ongoing exploration program aims to extend resources and mine life, with efforts to improve assay turnaround times.