Post #383

Came Looking for Lithium and Found Gold Debates over the lithium deal gave Ghana a progressive royalty scale on gold (but didn't give lithium) 🌐 Ghana’s Ministry of Lands and Natural Resources has submitted to parliament an initiative to introduce a progressive royalty scale linked to mineral prices. Royalties ranging from 5% to 12% would apply to gold (Ghana’s main export) as well as lithium and other minerals. ⚖️ Since mid-November, Ghana’s parliament has been debating the terms of a lithium mining deal with Atlantic Lithium. This deal is remarkable in two ways. First, it has been stuck in parliament since 2023, as the government and the opposition have been weaponizing the issue of lithium royalties to score political points. 📈 Second, the debate around this deal may now bring Ghana something more valuable than lithium itself: a progressive royalty scale for all minerals. 💰 Although the new rules have yet to be approved, they represent a significant step forward for Ghana. For a long time, the country made do with a flat 5% royalty on all major resources, while its regional neighbors introduced either sliding royalties or additional levies. ⏩ If adopted, Ghana could substantially boost revenues, though more likely from gold than from lithium mining, whose future remains unclear. ➡️ Follow to stay informed - @devilsbelow