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Mining giant Goldfields reaches an agreement with Ghanain government after  its mining license was not renewed

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Business Africa

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South African gold mining giant Goldfields, has reached a deal with the government of Ghana to continue its mining operations at the Damang mine. This after its mining license was abruptly not renewed, breaking a tradition of automatically renewing licenses. This has created uncertainty about the company's other operations in that country. Ghana assumed operational control of the mine after it rejected an application from Goldfields, but has now agreed to a transitional period that allows some operations before parliament votes on this issue in the coming weeks. Innocent Semosa spoke to Mining Analyst, Peter Major..

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