Please note: you are viewing an old version of this deal. The current version can be found here: Deal #7359

Deal #7359 Version #79297

Ghana
Created at
2019-10-30
Last update
2019-11-12
Last full update
2020-07-20

Land area

Size under contract (leased or purchased area)
  • [2018, current] 55000.0 ha
Size in operation (production)
  • [2018, current] 10200.0 ha
Comment on land area
7600 hectares has been fully compensated and 2600 hectares not been fully compensated.

Intention of investment

Intention of investment
  • [current] Mining

Nature of the deal

Nature of the deal
Exploitation permit / license / concession (for mineral resources)
Comment on nature of the deal
It a 30 years lease agreement with the possibility of renewal.

Negotiation status

Negotiation status
  • [2003, current] Concluded (Contract signed)

Implementation status

Implementation status
  • In operation (production)
  • Startup phase (no production)
  • [2018, current] In operation (production)
Comment on implementation status
Newmont briefly suspended operations in 2018 after 6 workers were killed. The information is not really clear if they have resumed operation in this mine where the accident happened or only in the other mines that they also operate in the country.

Contract farming

Contract farming
No