FOURTH   REPUBLIC

                                                                                                                                                    ACT 794

                                         ACT

          OF THE PARLIAMENT OF THE REPUBLIC OF GHANA

                                      ENTITLED

MINERALS AND MINING (AMENDMENT) ACT, 2010

AN ACT to amend the Minerals and Mining Act, 2006, (Act 703) to provide for a flat rate for royalty payment.

DATE OF ASSENT: 17th March, 2010 PASSED by Parliament and assented to by the President.

Section 25 of Act 703 amended.

1. The Minerals and Mining Act, 2006 (Act 703) is amended by the substitution for section 25 of

"Royalties

25. A holder of a mining lease, restricted mining lease or small scale mining license shall pay royalty in respect of minerals obtained from its mining operations to the Republic at the rate of 5% of the total revenue earned from minerals obtained by the holder. "