Ghana's Mining Regulator Requires Newmont and Others to Switch to Local Contractors by 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 22 2026
0mins
Ghana's mining regulator has given international companies Newmont (NEM), AngloGold Ashanti (AU), and Chinese-owned Zijin until December 2026 to shift mining operations over to local contractors or face sanctions, Reuters' Maxwell Akalaare Adombila reports, citing five sources with direct knowledge of the matter and documents. The three companies currently operate the mines with their own staff. They are the only ones still doing so after many companies outsourced mining operations ahead of Ghana revising local ownership rules in January 2025 and requiring all miners to switch to contract mining, the author notes.
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Analyst Views on NEM
Wall Street analysts forecast NEM stock price to fall
14 Analyst Rating
11 Buy
3 Hold
0 Sell
Strong Buy
Current: 113.490
Low
89.00
Averages
110.85
High
125.00
Current: 113.490
Low
89.00
Averages
110.85
High
125.00
About NEM
Newmont Corporation is a gold company and a producer of copper, zinc, lead, and silver with operations and/or assets in the Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea regions. The Company's operations include Brucejack, Red Chris, Penasquito, Merian, Cerro Negro, Yanacocha, Boddington, Tanami, Cadia, Lihir, Ahafo, and NGM. The Brucejack operation includes four mining leases and six core mineral claims which cover 8,169 acres (3,306 hectares) and 337 mineral claims covering 298,795 acres (120,918 hectares). The Red Chris operation includes five mining leases which cover 12,703 acres and 199 mineral claims, encompassing an area of 164,903 acres (66,734 hectares). Penasquito includes 20 mining concessions for operations comprising 113,231 acres (45,823 hectares) and 60 mining concessions for exploration of 107,456 acres (43,486 hectares). The Merian operation includes one right of exploitation encompassing an area of 41,687 acres (16,870 hectares).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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