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Ghana considers arranging local control of Gold Fields' biggest mine
By Ekow Dontoh
Bloomberg News
Friday, June 19, 2026
Ghana is considering transferring control of Gold Fields Ltd.'s Tarkwa mine to local firms when its leases expire in April, part of a push to increase control of its gold industry and benefit more from high bullion prices. The company's shares plunged.
The Ghanaian miners will need to submit bids for evaluation if the government goes ahead with the plan, people with knowledge of the matter said, asking not to be identified as the discussions are preliminary. The authorities are also weighing the option of extending the leases for Gold Fields, they said.
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Ghana, Africa's biggest gold producer, has moved to increase its share of mining revenue, raising royalties on bullion to as much as 12% from 5% and restricting bids for a former Gold Fields mine to local companies. The loss of its biggest asset will be a blow for the South Africa-based Gold Fields as it accounted for a fifth of the company's total output last year. ...
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