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.

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