Workers at the Damang Mine can expect a return to operations soon, as the Government of Ghana and Goldfields Ghana Limited have reached an agreement on a transition plan aimed at reviving activities at the site.
The deal includes the issuance of a new 12-month mining lease to Abosso Goldfields Limited, a subsidiary of Goldfields, with operations set to continue pending parliamentary approval expected by May 2025.
As part of the transition, Goldfields will resume open-pit mining, safeguard jobs, and carry out feasibility studies to determine the long-term viability of the mine. Processing of existing stockpiles will also continue under a joint management team composed of representatives from both the government and the company.
The goal is to eventually transfer the Damang Mine to Ghanaian ownership in a way that ensures sustainability and economic benefit for local communities.
Spokesperson to the President and Minister for Government Communications, Felix Kwakye Ofosu, emphasized that both parties are committed to a smooth handover and continued collaboration. They’ve also pledged to begin discussions on the renewal of the lease for the Tarkwa Mine, which expires in 2027.
This partnership marks a significant step in maintaining investor confidence and promoting Ghana as a favorable destination for mining investment.
