Gov't directs Newmont, AngloGold, Zijin to shift mining ops to local firms by December - Sources
Minerals Commission has given Newmont, AngloGold Ashanti, and Zijin until December 2026 to shift mining operations over to local contractors or face sanctions. This directive was communicated in separate letters sent to the companies in October and January.
The three companies currently operate the mines with their own staff. Under the rules, surface mining must be undertaken by fully Ghanaian-owned firms, while underground mining must be carried out by companies with at least 50% Ghanaian ownership. Zijin's Ghana unit said it has been engaging with the Minerals Commission since November 2025 to comply with the local content rules. Newmont, which operates the Ahafo North and South gold mines, had asked to comply fully by 2027, citing additional regulatory and governance requirements it must satisfy as a listed company.
Regulators rejected Newmont's request, noting that other listed miners, including Gold Fields had already complied. Miners that fail to comply face "a huge fine for the first step," and "If they still don't comply, we have the right to shut down the mine."
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The Minerals Commission has directed Newmont, AngloGold Ashanti, and Zijin to transition mining operations to local contractors. Sources say the companies have until December 2026 to comply or face sanctions - but what could this mean for Ghana's mining sector?
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