AngloGold Ashanti is the latest gold miner to talk of the pragmatism of the Ghanaian government when it comes to attracting mining investment.

Gold Fields reached a point with its Damang opencast mine in Ghana where it needed to re-invest in the pit to open fresh resources. The $1.4bn (about R20bn) investment over eight years needed the Ghanaian government to tweak investment and fiscal agreements to improve the financial model for the JSE-listed company.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.