Ghana bans foreigners from artisanal gold mining

Ghana bans foreigners from artisanal gold mining

Authorities crack down on illicit trade, but extends 12-month lease for Gold Fields’ Damang mine

Gov’t Issues 12-month Mining Lease To Goldfields

THE GOVERNMENT has issued a 12-month mining lease to Goldfields for the Damang Mine, pending parliamentary ratification in May 2025. This decision comes after the government initially declined to renew the mining lease due to Goldfields’ failure to declare mineral reserves, provide a technical program, and allocate a budget for exploration. Under the new arrangement, Goldfields will resume open-pit mining during the transition period, safeguardi…

Government of Ghana and Goldfields Reach Agreement on Damang Mine Transition

By Felix CofieThe Government of Ghana and Goldfields Ghana Limited have reached an amicable agreement outlining a transitional arrangement for the Damang Mine, ensuring continued operations while paving the way for Ghanaian ownership in the long term. A statement signed by Government Communications Minister Felix Kwakye Ofosu saidUnder the terms of the new agreement, a 12-month mining lease will be issued to Goldfields’ subsidiary, Abosso Goldfi…

Ghana, Goldfields Ignite Transition for Damang Mine

The Government of Ghana and Gold Fields Ghana Limited have reached a significant agreement outlining a transitional plan for the Damang Mine, signaling a major development in the country’s mining sector and resource governance.  According to a statement signed by Felix Kwakye Ofosu, Spokesperson to the President and Minister of Government Communications, the new transitional framework includes the issuance of a “12-month mining lease” to Gold Fi…

We’re working in good faith – Felix Kwakye Ofosu says as gov’t, Goldfields reach deal on Damang Mine

The Government of Ghana and Goldfields Ghana Limited have officially struck a deal on a transitional plan for the Damang Mine, paving the way for a 12-month mining lease to keep operations going while long-term plans are finalised. In a statement released on Wednesday, April 23, 2025, the Presidency confirmed that the lease will be granted to Abosso Goldfields Limited — a Goldfields subsidiary — and is subject to parliamentary approval in May. S…