Li - Why Ghana’s First Lithium Agreement shouldn’t be Ratified as is

b The Government of Ghana shall be entitled to thirteen percent (%) b interest in the rights and obligations of the mineral operations of the The Company shall pay royalty to the Government through the Ghana Company as free carried interest in respect of which financial Revenue Authority in the manner that may be prescribed by law. [...] (2) Such profitability shall be determined by the application of the operating ratio, being the ratio as expressed in terms of percentage which the operating margin bears to the value of the minerals won from the mining operations during the yearly period. [...] Even in more recent years, Executive of the Minerals Commission is that we have had companies pay above the despite the existence of the variable royalty royalty treshold, as was the case of the structures in various contracts historically, operators of the Chirano mine in 2017. [...] Whilst the effort at benchmarking should be highly commended, the government’s That is why the period when Ghana saw the selective use of comparative data across most nationalistic contracts in the 1970s and African countries to elevate the success of 1980s was also the period when it lost its the lithium deal is not as compelling as it leadership in the African mining sector. [...] Upon the grant of the Mining Lease, the Company shall commence a scoping study to evaluate the economic benefits of the downstream conversion of the concentrate in Ghana and will submit a report of its findings to the Commission within four (4) months from the date of the grant of the mining lease.