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Ghana parliament ratifies Zijin's Akyem gold mine lease

August 1, 2025 at 10:00 AM UTCBy FilingReader AI

Ghana's parliament ratified Zijin Mining Group's Akyem East and West mining leases, valid until 2037 and 2030 respectively.

The approval triggers the final $100 million payment to Newmont Corporation, completing Zijin's $1 billion acquisition of the producing Akyem Gold Mine. Zijin had previously paid $888 million.

The company plans to expand resources and increase gold output at the asset.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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