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Stock impact report

Ghana moves to rewrite mining laws for bigger share of gold revenues [Yahoo! Finance]

Gold Fields Limited American Depositary Shares (GFI) 
US:NYSE Investor Relations: goldfields.com/investors.php
Company Research Source: Yahoo! Finance
By revising its mining code, which currently offers foreign mining firms favourable tax and royalty terms, leaving the state with a limited stake, Ghana is following in the footsteps of other African countries. They are looking to tighten control over natural resources as global demand for gold and critical minerals such as cobalt soars. Among those that have recently introduced new mining laws are the Democratic Republic of Congo, Mali and Tanzania. Gold prices have skyrocketed recently, jumping more than 65 percent in 2025, climbing to fresh records above $5,100 on Monday. "What we have since 2014 is a policy that has not been reviewed," Isaac Andrews Tandoh, acting chief executive officer of the Minerals Commission, told AFP. "We had to do something to bridge this gap." In Ghana, the world's sixth-largest gold producer, gold production is largely dominated by foreign companies such as the US's Newmont, South Africa's Gold Fields and AngloGold Ashanti and Australia's Pe Show less Read more
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