Deal #7359

Ghana
Created at
2019-10-30
Last update
2020-07-20
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 company has since resumed operation in this mine where the accident happened.

Contract farming

Contract farming
No