Deal #7360

Ghana
Created at
2019-10-31
Last update
2020-07-20
Last full update
2020-07-20

Land area

Size under contract (leased or purchased area)
  • [2018, current] 6000.0 ha
Size in operation (production)
  • [2018, current] 1903.0 ha
Comment on land area
The total Proposed Mining Area would consist of 1,903 hectares of development area that includes 475 hectares of designated buffer zones and controlled farm land which would not be impacted by surface disturbances.

Intention of investment

Intention of investment
  • [2010, current] Mining

Nature of the deal

Nature of the deal
Exploitation permit / license / concession (for mineral resources)
Comment on nature of the deal
15 years lease agreement

Negotiation status

Negotiation status
  • [2010, current] Concluded (Contract signed)
Comment on negotiation status
Newmont obtained the mining lease for Akyem in 2010 and began commercial production in 2013.

Implementation status

Implementation status
  • [2013] In operation (production)
  • Startup phase (no production)
  • [2018, current] In operation (production)
Comment on implementation status
Only started operations in 2013. Mines went into stand by after workers were killed. operations resumed in 2018.

Contract farming

Contract farming
No