Goldfields reaches agreement with Ghana

JOHANNESBURG , (CAJ News) – GOLD Fields has announced the conclusion of a development agreement with the Government of Ghana for both the Tarkwa and Damang Mines.

The reduction in the corporate tax rate from 35 percent to 32,5 percent is effective March 17.

It will be for a period of eleven years for Tarkwa and nine years for Damang, each renewable for an additional five years.

“Ghana continues to be a key region for Gold Fields and we commend the Government of Ghana for creating a fair and competitive environment in the country,” Gold Fields stated on Tuesday.

The Johannesburg Stock Exchange-listed company globally diversified producer of gold with eight operating mines in Australia, Ghana, Peru and South Africa.

CAJ News

Short URL:

Posted by on Mar 29 2016. Filed under Africa & World, Featured, Finance, Investing, Mining, Mining & Engineering, National, News, Regional. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

CAJ News Sponsored Links

Commonwealth Technology Organisation

Connect to CAJ News on Facebook

Subscribe to our Newsletter

Photo Gallery

Log in
All material © CAJ News Africa. Material may not be published or reproduced in any form without prior written permission.