Gold Fields Calls for Less Ghana Tax as Bullion Declines
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Gold Fields Ltd., which operates the Tarkwa and Damang mines in Ghana, appealed to the country’s government to decrease taxes to help foreign mining companies struggling with a lower gold price.
“We are appealing to government to come to our aid and loosen the fiscal regime because the current gold price doesn’t help us at all,” Alfred Baku, head of Gold Fields’ west Africa operations, said yesterday after a presentation at a conference in the capital, Accra. “We are really in a difficult situation.”