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.