Audio By Carbonatix
Mining firm, Goldfields Ghana is holding on to its plan to invest over one billion dollars in the country over delays in securing a stability agreement.
The stability agreement usually spells out rights and privileges enjoyed by a mining firm over a period of years. It is meant to protect their investments in the country.
Currently only two mining firms - Anglo Gold Ashanti and Newmont - have a stability agreement with the state.
Government earlier this year set up a committee to re-negotiate the agreement with the firms.
But speaking to Joy Business after engaging stakeholders on their second quarter results, Vice President of Goldfields, Peet Van Schalkwyk says the uncertainty is badly affecting their operations.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Ghana’s prisons: A national issue we can’t ignore
27 minutes -
Flight recorders recovered from ‘devastating’ Amazon cargo plane crash
3 hours -
AI cancer cures slowed by chip shortage, says UK’s biggest tech boss
3 hours -
Grindr to pay ÂŁ26m to settle claims it allegedly shared users’ HIV status
3 hours -
China to pump $54bn into state banks and insurers to boost economy
3 hours -
Legal Green Association to hold maiden law students’ conference
3 hours -
Dolly Parton’s sister pleads for end to ‘AI garbage’ posts after singer’s death
3 hours -
Minority calls for itemised bill on GH¢49.7 million South Africa evacuation expenditure
3 hours -
Australians will be able to switch off social media algorithms under planned legislation
3 hours -
WAEC admits more study needed into fluctuating core subject performance
4 hours -
Jordan Ayew close to EFL Championship move as Sheffield Utd talks intensify
4 hours -
WAEC questions why core-subject failure keeps shifting from one subject to another
4 hours -
Herbert Mensah joins African Collaborations Group advisory board
4 hours -
WAEC demands further study into persistent English Language failures
4 hours -
Rybakina sweeps past Osaka to close in on number one ranking
5 hours