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Posted by
Two Blokes Jun 18 -
Filed in
Stock
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Galiano Gold owns a 90% interest in the Asanko Gold Mine located in Ghana, West Africa. The remaining 10% is a free-carried interest owned by Ghana's government. As illustrated by B2Gold's and Barrick's disputes in Mali, or by Gold Fields' permitting issues with the Damang Mine in Ghana, West Africa's attitude towards foreign mining companies is changing. In an environment of surging gold prices, the financial incentives for local governments to play games with mining laws may be increasing.
