Ghana has directed major international mining companies, including Newmont, AngloGold Ashanti, and Zijin, to transfer their mining operations to local contractors by December 2026, according to sources familiar with the matter.
The directive comes as part of the country’s strengthened local-content regulations aimed at increasing Ghanaian participation in the mining sector and retaining more economic value within the country. Under revised rules introduced in 2025, surface mining must be carried out by fully Ghanaian-owned firms, while underground mining must involve companies with at least 50% local ownership.
The three companies are among the last major operators still managing mining activities directly, as most other firms have already transitioned to contract mining models. Ghana’s Minerals Commission has warned that failure to comply with the new deadline could result in heavy fines or even mine shutdowns.
While Zijin has reportedly begun steps toward compliance, Newmont has sought an extension until 2027 citing regulatory obligations, a request that has been rejected by authorities.
The move reflects a broader trend across resource-rich African nations to tighten mining regulations, boost domestic industry participation, and secure greater revenue from natural resources amid rising global commodity prices.