Gold Fields, AngloGold JV in limbo as Ghana government approval not forthcoming [Video]

The miners announced and agreed on key terms for the proposed JV on 16 March 2023 in a press statement but almost nine months since then, the Ghanaian government has not given the required approvals.

In a statement, Anglo Gold said: “Notwithstanding constructive engagement with the Government of Ghana since the announcement of the Proposed Joint Venture on 16 March 2023, the requisite approvals by the Government of Ghana for the Proposed Joint Venture have not yet been obtained.”

It said: “Gold Fields and AngloGold Ashanti have sought to secure the requisite approvals, which include approval of the Proposed Joint Venture by the Parliament of Ghana, ahead of the October 2024 Parliamentary recess before the Ghana national elections to be …