Tuesday, October 21

Tag: Damang Mines

MP Davis Ansah Opoku Urges Local Ownership of Damang Mine After Transitional Deal with Goldfields
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MP Davis Ansah Opoku Urges Local Ownership of Damang Mine After Transitional Deal with Goldfields

Member of Parliament for Mpraeso, Davis Ansah Opoku, has called on the Government of Ghana to use the transitional agreement with Goldfields Ghana Limited over the Damang Mine as a stepping stone toward full Ghanaian ownership of the strategic asset. In a statement shared on Facebook, the MP described the recent 12-month lease arrangement with Abosso Goldfields as a “positive step,” but emphasized that the country must go further by ensuring that future control of the mine lies in the hands of Ghanaian companies. “As Ghana approaches the end of this 12-month lease with Abosso Goldfields, we must begin laying the groundwork to transition this strategic asset into Ghanaian hands,” he stated. “The long-term goal must be clear: local ownership, benefit, and national pride.” Citing Nig...
Ghana Government and Goldfields Finalize Transitional Agreement for Damang Mine
News

Ghana Government and Goldfields Finalize Transitional Agreement for Damang Mine

Accra, April 23, 2025 — The Government of Ghana and Goldfields Ghana Limited have reached an amicable agreement on a transitional plan for the Damang Mine, marking a significant step toward maintaining operations and exploring local ownership opportunities. According to a statement from the Presidency Communications, the agreement involves issuing a new 12-month mining lease to Abosso Goldfields Limited, a subsidiary of Goldfields. The arrangement, which is pending parliamentary ratification in May 2025, will allow for the resumption of open-pit mining operations during the transition period. The statement, signed by Felix Kwakye Ofosu, Spokesperson to the President and Minister for Government Communications, noted that the new lease will safeguard jobs and enable feasibility studies...
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