Ghana’s Tarkwa negotiations are testing Africa’s new mining bargain
Ghana’s government also knows that other major mining players in the country – and those looking to capitalise on the global gold rush – are watching the Gold Fields debacle.
The Tarkwa outcome will say less about one gold mine’s future than about whether African states can redefine their relationship with global mining companies without sacrificing the confidence on which long-term investment depends.
Gold Fields had deprioritised the asset, reduced investment to the minimum required to sustain operations, and wouldn’t commit to the level of future investment the government sought.
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