Tag: mining dividends
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Kinross Chirano Gold Mines pays $5m in dividends to gov’t
Kinross Chirano Gold Mines Limited, a subsidiary of Kinross Gold Corporation in the Western Region, has declared its dividend for the fiscal year 2018 to its shareholders, following a strong 2018 operational performance. The government of Ghana, which has a 10% carried interest in the company, was paid a $5 million dividend on December 23,…
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Be more vigilant to protect government’s revenue – Mining Stakeholders
Two former Chief Executive Officers of the Minerals Commission have warned that successive governments will continue to lose revenue from the mining sector if the appointment of directors to boards of mining companies continues to be politicized. The Vice President, Dr. Mahamudu Bawumia in May last year strongly indicated that government will not accept the…
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Chamber of Mines releases names of gov’t reps on boards of mining firms
The Ghana Chamber of Mines has provided the names of the government’s representatives on the Boards of some mining companies cited for depriving the state of revenue in the form of dividends. The list however falls short of two of the companies that have been identified as not paying dividends to the state. The representatives…