RE: LI28 Jan 2026 17:38
It’s doesn’t seem to be as complex as this, ratification can pass prior to the law being implemented.
The mining lease ratification can be passed in Parliament prior to the law being amended. In Ghana the law does allow for a mining lease to be approved that differs, from the law, providing that parliament has voted on the ratification.
The smoke and mirrors. The new government is effectively trying to transition away from what could be deemed adhoc deviations in each lease, to a law based standardisation model. Fair enough. the smoke is, that this is not for lithium (think gold and current prices).
Thus they have increased or are increasing the rates in the law, using lithium as the err let’s say excuse so that in turn they can charge more for gold and all other mining.
Look at Newmont and they haven’t had an extension, the government have said your coming under the new law. To capture the money they need the law changed, sooner to capture all that revenue from high gold prices.