Shang Wu Bu Wang Zhan·2025-11-05 16:47Core Viewpoint - Ghana is initiating its largest mining audit in a decade, targeting major mining companies to recover lost revenue and enhance regulatory oversight [1] Group 1: Audit Details - The audit will be led by the Mining Commission and is scheduled to take place from November 2025 to June 2026 [1] - Major producers involved include Newmont Mining, AngloGold Ashanti, Kinross Gold, Perseus Mining, and Asanko Gold [1] - Mining companies operating in Ghana are required to submit ten years of production records, three years of financial statements, licenses, and shipment data by October 31 [1] Group 2: Audit Objectives - The audit will assess production levels, royalty payments, tax compliance, and environmental regulations [1] - The audit will commence in November at Kinross Gold's Damang mine and conclude in June 2026 at Xtra-Gold's Kibi mine [1] Group 3: Historical Context and Future Plans - The last large-scale audit was conducted in 2015, but its results faced challenges from some companies [1] - The government plans comprehensive mining reforms, including shortening license durations and directly sharing profits with local communities [1]