{"id":429264,"date":"2011-05-24T09:29:58","date_gmt":"2011-05-24T09:29:58","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/05\/24\/gold-mining-companies-harmonise-contracts\/"},"modified":"2011-05-24T09:29:58","modified_gmt":"2011-05-24T09:29:58","slug":"gold-mining-companies-harmonise-contracts","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/05\/24\/gold-mining-companies-harmonise-contracts\/","title":{"rendered":"Gold Mining Companies Harmonise Contracts"},"content":{"rendered":"
\n
\n
\n

\"Cameroon<\/a><\/p>\n

George Mbella<\/p>\n

23 May 2011<\/p>\n

\n

Over thirteen gold mining companies alongside stakeholders and administrative authorities start meeting today May 24 in Bertoua to lay down modalities for the adoption of a new contract principle based on the production and sharing of the worth of gold mined in the area.<\/p>\n

The meeting that will be presided over by the Governor of the East Region, Lele L’afrique Tchoffo, falls in line with the launch of “Operation Gold” which aims at increasing Cameroon’s gold reserves at the Bank of Central African States, BEAC with at least 70 per cent production.<\/p>\n

According to Paul Ntep Gweth, Coordinator of the Small-scale Mining and Promotion Framework Unit, CAPAM, the old contracts that were based on the principle of monthly flat rate payments will be replaced by the principle of production and value sharing which guarantees greater benefits for small-scale miners, technical and financial partners, mining companies, administrative and local stakeholders, as well as the state treasury.<\/p>\n

“From a transaction on 12 kilogrammes of smelted gold produced per month, for example, the new contract principle produces profits of FCFA 35 million instead of FCFA 3 million under the old contract principle,” he explained to Cameroon Tribune.<\/p>\n

CAPAM officials also explained that the meeting will emphasise the need to halt clandestine transactions and move faster towards the adoption of advanced mechanisation of excavation and processing in the gold reserves of Betare Oya area of East Region that will soon be submerged by the water to be created by the construction of the Lom Pangar hydroelectric dam.<\/p>\n

The increase in production of gold which now sells at FCFA 22,000 per gramme is expected to boost Cameroon’s gold reserves at BEAC and increase the country’s special drawing rights at the International Monetary Fund, IMF. It will also help in raising funds to finance major development projects outlined under the Growth and Employment Strategy Paper, GESP.<\/p>\n

<\/p>\n

\nMore News on allAfrica.com<\/strong><\/legend>\n<\/fieldset>\n

AllAfrica – All the Time<\/p>\n

\n<\/div>\n<\/p>\n

See more here:
\nGold Mining Companies Harmonise Contracts<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

George Mbella 23 May 2011 Over thirteen gold mining companies alongside stakeholders and administrative authorities start meeting today May 24 in Bertoua to lay down modalities for the adoption of a new contract principle based on the production and sharing of the worth of gold mined in the area. <\/p>\n","protected":false},"author":0,"featured_media":410454,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-429264","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"\nGold Mining Companies Harmonise Contracts - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/05\/24\/gold-mining-companies-harmonise-contracts\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Gold Mining Companies Harmonise Contracts - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"George Mbella 23 May 2011 Over thirteen gold mining companies alongside stakeholders and administrative authorities start meeting today May 24 in Bertoua to lay down modalities for the adoption of a new contract principle based on the production and sharing of the worth of gold mined in the area.\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/05\/24\/gold-mining-companies-harmonise-contracts\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/05\/24\/gold-mining-companies-harmonise-contracts\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Gold Mining Companies Harmonise Contracts\",\"datePublished\":\"2011-05-24T09:29:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/05\/24\/gold-mining-companies-harmonise-contracts\/\"},\"wordCount\":334,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/05\/24\/gold-mining-companies-harmonise-contracts\/#primaryimage\"},\"thumbnailUrl\":\"\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/05\/24\/gold-mining-companies-harmonise-contracts\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/05\/24\/gold-mining-companies-harmonise-contracts\/\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/05\/24\/gold-mining-companies-harmonise-contracts\/\",\"name\":\"Gold Mining Companies Harmonise Contracts - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/05\/24\/gold-mining-companies-harmonise-contracts\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/05\/24\/gold-mining-companies-harmonise-contracts\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2011-05-24T09:29:58+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/05\/24\/gold-mining-companies-harmonise-contracts\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/05\/24\/gold-mining-companies-harmonise-contracts\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Gold Mining Companies Harmonise Contracts - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2011\/05\/24\/gold-mining-companies-harmonise-contracts\/","twitter_card":"summary_large_image","twitter_title":"Gold Mining Companies Harmonise Contracts - Ghanamma.com","twitter_description":"George Mbella 23 May 2011 Over thirteen gold mining companies alongside stakeholders and administrative authorities start meeting today May 24 in Bertoua to lay down modalities for the adoption of a new contract principle based on the production and sharing of the worth of gold mined in the area.","twitter_creator":"@ghanamma","twitter_site":"@ghanamma","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ghanamma.com\/2011\/05\/24\/gold-mining-companies-harmonise-contracts\/#article","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2011\/05\/24\/gold-mining-companies-harmonise-contracts\/"},"author":{"name":"","@id":""},"headline":"Gold Mining Companies Harmonise Contracts","datePublished":"2011-05-24T09:29:58+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ghanamma.com\/2011\/05\/24\/gold-mining-companies-harmonise-contracts\/"},"wordCount":334,"commentCount":0,"image":{"@id":"https:\/\/www.ghanamma.com\/2011\/05\/24\/gold-mining-companies-harmonise-contracts\/#primaryimage"},"thumbnailUrl":"","articleSection":["Business"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ghanamma.com\/2011\/05\/24\/gold-mining-companies-harmonise-contracts\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2011\/05\/24\/gold-mining-companies-harmonise-contracts\/","url":"https:\/\/www.ghanamma.com\/2011\/05\/24\/gold-mining-companies-harmonise-contracts\/","name":"Gold Mining Companies Harmonise Contracts - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2011\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ghanamma.com\/2011\/05\/24\/gold-mining-companies-harmonise-contracts\/#primaryimage"},"image":{"@id":"https:\/\/www.ghanamma.com\/2011\/05\/24\/gold-mining-companies-harmonise-contracts\/#primaryimage"},"thumbnailUrl":"","datePublished":"2011-05-24T09:29:58+00:00","author":{"@id":""},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2011\/05\/24\/gold-mining-companies-harmonise-contracts\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2011\/05\/24\/gold-mining-companies-harmonise-contracts\/#primaryimage","url":"","contentUrl":""},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2011\/#website","url":"https:\/\/www.ghanamma.com\/2011\/","name":"Ghanamma.com","description":"News In Ghana - Latest Ghana News Headlines","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts\/429264","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/comments?post=429264"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts\/429264\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/media?parent=429264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/categories?post=429264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/tags?post=429264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}