Gold mining in ghana

Within the Ministry, the Minerals Commission has responsibility for administering the Mining Actrecommending mineral policypromoting mineral development, advising the government on mineral matters, and serving as a liaison between industry and the government. The Ghana Geological Survey Department conducts geologic studies. The Precious Minerals Marketing Corporation PMMC is the government entity responsible for promoting the development of small-scale gold and diamond mining in Ghana and for purchasing the output of such mining, either directly or through licensed buyers.

All mine accidents and other safety problems also must be reported to the Ghana Chamber of Mineswhich is the private association of operating mining companies. Under the Law, mining companies must pay royalties; companies may also pay corporate taxes at standard rates.

Securities and Exchange Commission, p. Golden Star Resources Ltd. Companies exploring for gold in Ghana included Adamus Resources Ltd.

Valco ; the remaining equity was owned by the Government. The government and Alcoa planned to restart the Valco smelter as soon as an interim power rate agreement is reached with the Volta River Authority.

The government had acquired Kaiser Aluminum Corp. Kaiser closed the Valco plant in after struggling with fluctuating operating levels for several years and dealing with restricted power allocations from the Volta River Authority. DuringAlcoa continued to study the possibility of developing an integrated aluminum industry in Ghana that would include bauxite mining, alumina refining, aluminum production, and rail transportation infrastructure upgrades. Alcan, on the other hand, signed a Memorandum of Understanding with the government for the creation of a joint venture to explore the feasibility of developing a bauxite mine and a 1.

The authorities also plan to use some of the capital from the stock sale to promote local business and to boost national reserves.