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- The Government of Ghana and Gold Fields agreed on a transitional plan for the Damang Mine in Ghana on April 23, 2025.
- The agreement followed the government's denial of a lease extension after the prior lease expired on April 18, 2025.
- This plan grants Abosso Goldfields Limited a 12-month lease and allows Goldfields to resume open-pit mining and conduct feasibility studies.
- The government issued the 12-month lease pending parliamentary ratification scheduled for May 2025.
- This transitional arrangement lays groundwork for potential Ghanaian ownership and aims to safeguard jobs and maintain economic activity.
14 Articles
14 Articles
Gov’t, Gold Fields reach transition deal on Damang mine
The government says it has reached an amicable agreement with Goldfields Ghana Limited for a transitional plan for the Damang Mine. A statement, signed by the Minister of Government Communications, Felix Kwakye Ofosu, explained that the operational modalities of the transition involved issuing a new 12-month mining lease to Goldfields’ subsidiary, Abosso Goldfields Limited, pending parliamentary ratification in May 2025. “Under the new arrange…
Ghana Chamber of Mines Endorses Damang Mine Transition Agreement
News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://newsghana.com.gh/ghana-chamber-of-mines-endorses-damang-mine-transition-agreement/The Ghana Chamber of Mines has praised the government and Gold Fields Ghana Limited for finalizing a transitional agreement on the Damang Mine, emphasizing its potential to balance operational continuity with increased local ownership. Under the deal, Gold Fields’ subsidiary Abosso Goldfield…
Chamber of Mines commends gov’t, Gold Fields over Damang Mine agreement
The Ghana Chamber of Mines has commended government and Gold Fields Ghana Limited for reaching a constructive and forward-looking agreement on the transition arrangements for the Damang Mine. The Chamber welcomes the decision to issue a new 12-month mining lease to Abosso Goldfields Limited, a subsidiary of Gold Fields, which will enable the safe resumption of open-pit mining during the transition period. The joint commitment to maintaining jobs…
Goldfields to continue works at Damang with new lease extension
Gold Fields has announced a new agreement with the Government of Ghana to ensure a productive path forward for the Damang mine. Damang is the smaller of Gold Fields’ two operations in Ghana, with the Tarkwa mine being the second. Under the agreement, Gold Fields will be granted a new 12-month mining lease for the …
Gold Fields reaches agreement with Ghana to continue operations at Damang mine
Gold Fields has announced a new agreement with the Government of Ghana to ensure a productive path forward for the Damang mine.The post Gold Fields reaches agreement with Ghana to continue operations at Damang mine appeared first on Mining Technology.
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