Economy

Gov’t secures 10% royalty rate on lithium mining deal with Atlantic Lithium

By Eugene Davis The government has negotiated a new agreement with Atlantic Lithium, granting them a mining lease for lithium exploitation in Ewoyaa. As part of this arrangement, a 10% royalty rate will replace the standard 5% on minerals extracted within the country, boosting government revenue." It represents the first lease granted for the mining of lithium in the country.  Addressing the press during the signing ceremony in Accra, the Minister of Lands and Natural Resources, Samuel Abu Jinapor said “The lease we are signing today differs from our standard Mining Lease, in that, it incorporates the agreed terms we...
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