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Ghana - a stable, established, democratic system

• Ghana is Africa's second-largest gold producing country after South Africa
• Close to 60 million ounces of gold have been mined in Ghana over the last century
• Gold reserves and resources are estimated at well over 100 million ounces
• Mining industry contributes approximately 40% of Ghana's gross export earnings
• Government entitled to a free carried equity interest of 10% in mineral ventures with the option of purchasing an additional 20% at a fair market price.
• Government retains a 5% net smelter royalty on production.
• Some of the world's most senior gold producers have made large investments in Ghana:
  • AngloGold Ashanti operates two producing mines: Obuasi and Iduapriem
  • Gold Fields operates the Tarkwa and Damang mines
  • Golden Star Resources operates the Bogoso/Prestea and Wassa mines
  • Newmont started operations at the Ahafo mine in 2006 and is developing the Akyem project