{"id":7819,"date":"2012-02-09T13:51:01","date_gmt":"2012-02-09T11:51:01","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/ghana-to-review-all-mining-stability-agreements\/"},"modified":"2012-02-09T13:51:01","modified_gmt":"2012-02-09T11:51:01","slug":"ghana-to-review-all-mining-stability-agreements","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/ghana-to-review-all-mining-stability-agreements\/","title":{"rendered":"Ghana to review all mining stability agreements"},"content":{"rendered":"

\t\t<\/span><\/p>\n

CAPE TOWN<\/span> Feb 9 (Reuters) – Ghana, Africa’s
\nsecond-largest gold mining state, has set up a committee to
\nreview stability investment agreements with mining houses, a
\nsenior government official said on Thursday.<\/span><\/p>\n

<\/span><\/p>\n

“It will include all companies that have stability
\nagreements,” Benjamin Aryee, the chief executive of Ghana’s
\nMinerals Commission, told Reuters on the sidelines of an
\nindustry conference in Cape Town.<\/p>\n

<\/span><\/p>\n

“Ghana believes in the sanctity of contracts. But in all
\ncontracts there are review provisions,” he said.<\/p>\n

<\/span><\/p>\n

Ghana’s Finance Minister initially unveiled the plan to
\nreview mining stability agreements in October. The government
\nhas since detailed plans to raise the corporate mining tax to 35
\npercent from 25 percent and introduce a 10 percent windfall tax
\nas well to boost the state share of revenues.<\/p>\n

<\/span><\/p>\n

The country set up a committee to review and renegotiate
\nmining contracts last week.<\/p>\n

<\/span><\/p>\n

Mining companies that have had stability agreements in Ghana
\ninclude South African-based AngloGold Ashanti, the
\nworld’s third largest gold producer.<\/p>\n

<\/span><\/p>\n

Gold Fields, the world’s fourth largest gold
\nproducer company, has said such a move might kill planned
\nprojects that could bring $1 billion of investment into the West
\nAfrican nation.<\/p>\n

<\/span><\/p>\n

Ghana’s review comes against the backdrop of a surge of
\nresource nationalism across Africa as governments aim to extract
\nmove revenue from a sector that has failed to translate mineral
\nwealth into broad posperity. \t<\/p>\n

(Reporting by Ed Stoddard, editing by Richard Valdmanis)<\/p>\n

<\/span><\/p>\n

\n

\t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"

CAPE TOWN Feb 9 (Reuters) – Ghana, Africa’s second-largest gold mining state, has set up a committee to review stability investment agreements with mining houses, a senior government official said on Thursday. “It will include all companies that have stability agreements,” Benjamin Aryee, the chief executive of Ghana’s Minerals Commission, told Reuters on the sidelines […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-7819","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7819","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=7819"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7819\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}