It is reported that China, the U.S., and other Western governments are pressuring Ghana to halt a proposed gold royalty increase, citing concerns it could negatively impact some of the world's largest mining companies. According to the reports, the push follows a letter from the China/Ghana Mining Association, shared with Beijing's ambassador, warning that Ghana's plan to replace its fixed 5% royalty with a sliding scale of 5% to 12% tied to bullion prices could threaten the viability of Zijin's Akyem, Chifeng's Wassa and Shandong's Cardinal gold mines. Thami Ngubeni spoke to Peter Major, director of mining at Modern Corporate Solutions...

<p>It is reported that China, the U.S., and other Western governments are pressuring Ghana to halt a proposed gold royalty increase, citing concerns it could negatively impact some of the world's largest mining companies. According to the reports, the push follows a letter from the China/Ghana Mining Association, shared with Beijing's ambassador, warning that Ghana's plan to replace its fixed 5% royalty with a sliding scale of 5% to 12% tied to bullion prices could threaten the viability of Zijin's Akyem, Chifeng's Wassa and Shandong's Cardinal gold mines. Thami Ngubeni spoke to Peter Major, director of mining at Modern Corporate Solutions...</p>

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

<p>In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.</p>