Mining in Ghana - Acquisition of rights, reconnaissance and exploration.
Rights required for conducting reconnaissance.
The two types of rights applicable are:
(a) a reconnaissance licence; and
(b) a restricted reconnaissance licence
A reconnaissance licence is granted for an initial period of not more than 12 months and may be renewed only once, not later than three months before the expiry of the initial term of the licence, for a further period of not more than 12 months.
A restricted reconnaissance licence is a reconnaissance licence issued in respect of reconnaissance for industrial minerals, including basalt, clay, granite, gravel, gypsum, laterite, limestone, marble, rock, sand, sandstone, slate talc, salt and other minerals as the Minister of Lands and Natural Resources may from time to time declare, by notice published in the Gazette, to be industrial minerals.
Rights required for conducting exploration.
The two types of rights applicable are:
(a) a prospecting licence; and
(b) a restricted prospecting licence.
A prospecting licence is granted for an initial period of not more than three years and may be renewed, not later than three months before the expiry of the initial term of the licence, for a further period of no more than three years.
A restricted prospecting licence is a prospecting licence issued in respect of industrial minerals.
For more insights on the Mining Sector check out our chapter in the the GLI Mining 2024 Guide here