Government says it hopes to soon finalize an ongoing review of the stability agreements it has with two key mining giants, AngloGold Ashanti and Newmont Ghana.

The stability agreement spells out rights and privileges, usually guaranteed the mining firms over a number of years.

Government however wants to review some aspects of the agreements, especially with regards to mining leases and royalties and taxes due the state because it believes the country is not getting enough from its mineral resources.

But Lands and Forestry Minister Collins Dauda tells Joy Business government is treading cautiously because of the potential fallouts.

“We are not imposing anything on any mining company in this country and that is why we chose the path of renegotiating this agreement.

“We will walk gradually through the agreement where there is an agreement that we need to take some provisions out we will take the provisions out of the agreement so that it becomes a win-win something.”

He said the action is not serve as an impediment in the activities of the mining sector.

He said the agreement is being relooked at with the view of getting Ghana to benefit more from the mining activity.

AngloGold signed its stability agreement in 2004 for 15 years.

Source: Joy Business/Myjoyonline.com/Ghana

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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.