Trafigura Enters Ghana Gold Sector with Bogoso-Prestea Deal

Ghana: Heath Goldfields Seals $2.8bn Trafigura Deal At Bogoso-Prestea

A 700,000-ounce offtake agreement and $65 million in debt financing signal the full-scale revival of the Bogoso-Prestea mine, putting Ghanaian-owned mining firmly on the global map.

Trafigura strikes Ghana gold offtake and financing deal

COMMODITY trading house Trafigura Group has agreed to purchase 700,000 ounces of gold doré from Ghana’s Heath Goldfields and provide $65m in debt, Bloomberg News reported on Thursday. The agreement is aimed at financing the restart of oxide ore operations at the Heath Goldfields’s Bogoso-Prestea mine. Under the arrangement, Trafigura will offtake gold doré produced at the Bogoso-Prestea processing facility, with deliveries expected to begin late…

Trafigura signs deal with Heath Goldfields for gold doré

Trafigura has signed an agreement with Heath Goldfields to buy 700,000 ounces (oz) of gold doré from the Bogoso–Prestea Gold Mine located in the Western Region of Ghana.The post Trafigura signs deal with Heath Goldfields for gold doré appeared first on Mining Technology.

Heath Goldfields, Trafigura Seal $2.8bn Deal

Bogoso Prestea Mine   Heath Goldfields Ltd. has announced a landmark $2.8bn offtake agreement with Trafigura Pte Ltd., world’s largest commodity trading firm, securing the purchase of 700,000 ounces of gold from the Bogoso-Prestea mine in the Western Region. The agreement also includes Trafigura’s commitment of $65 million in accompanying debt financing to restart the Bogoso-Prestea mine’s oxide ore operations. “This is not just a commercial mil…

Heath Goldfields seals $2.8bn Trafigura deal at Bogoso-Prestea

A 700,000-ounce offtake agreement and $65 million in debt financing signal the full-scale revival of the Bogoso-Prestea mine, putting Ghanaian-owned mining firmly on the global map. In a deal already reverberating through the corridors of African Mining Finance, Heath Goldfields Ltd. has announced a landmark offtake agreement with Trafigura Pte Ltd., one of the world’s largest commodity trading houses, securing the purchase of 700,000 ounces of …