Delay Hampers Ghana’s Largest Gold Mine Joint Venture Between Gold Fields and AngloGold Ashanti

• Proposed merger between Tarkwa and Iduapriem mines faces delays due to pending government and parliamentary approvals
• Combined operation aims to boost production, extend mine life, and cut costs for stakeholders

Accra, Ghana – The planned joint venture between Gold Fields’ Tarkwa Mine and AngloGold Ashanti’s Iduapriem Mine in Ghana has encountered significant delays, with over 20 months passing since its initial announcement in March 2023. This merger, intended to create Africa’s largest gold mining entity, would increase operational efficiency, extend the lifespan of both mines, and reduce costs. However, required governmental and parliamentary approvals remain pending, despite continued engagement efforts by both companies.