Ghana mining firm run by president’s brother fails to comply with international court order over $100m gold mine
Engineers & Planners, the mining firm founded and headed by Ibrahim Mahama, brother of President John Dramani Mahama, is refusing to give up a $100 million gold project in northern Ghana even after an international tribunal and an English court ordered it to stop.
Gold Fields is now waiting to learn whether it can keep Tarkwa, its cornerstone Ghanaian asset and one of West Africa's largest open-pit mines, which produced about 427,000 ounces last year.
From 1 July, every large producer, Gold Fields, Newmont and Zijin among them, must sell 30% of its gold to the state Gold Board inside Ghana, in raw form, paid in cedis rather than dollars, at a small discount.
This is a summary of the original articles listed below. Always read the source articles for the full context. GhanaSummary does not create or modify the news — we summarise and link to original publishers.
