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Former Speaker of Parliament, Prof. Aaron Mike Oquaye, has called for Ghana to assert greater ownership and control over its mineral resources, moving beyond reliance on royalties from foreign mining companies.
Local and foreign mining companies are forced to pay protection money or hire suppliers linked to their extortionists in order to operate
Mining giant Glencore is struggling to maintain control over its key mines in Congo, as Kinshasa seeks to curb the power of foreign mining companies despite Glencore's exploding profits from the country's mineral resources.
Venezuela is providing security assurances to foreign mining companies, according to the US interior secretary, in an effort to attract investment.