In December 2024, Gold Fields applied to extend the mining lease for its Damang gold mine in Ghana, but the government rejected the request, leaving the mine's future uncertain.
Gold Fields faces an imminent shutdown of its Damang gold mine in Ghana after the government denied its request to extend the mining lease, which expires on Friday, April 18. The South African mining company confirmed the development in a memo released on Monday, April 14, stating it has been instructed to vacate the site. This decision leaves the future of the mine and its workforce uncertain.
Gold Fields employs 5,781 people in Ghana, including 2,000 workers and subcontractors at Damang. The mine has been nearing the end of its operational life since 2023, with mining activities already ceased and only stockpiles being processed.
Despite extensive engagement with authorities to ensure its lease extension application met statutory requirements, the company failed to secure approval. Gold Fields continues discussions with the government but has yet to announce any plans for reintegrating affected employees.
The shutdown amplifies uncertainty for workers at Damang, as Gold Fields has not outlined any support measures for them. The company originally planned to continue operations beyond April 2025 but now faces a forced exit.
Ghana’s Damang mine, operated by Gold Fields alongside the larger Tarkwa project, achieved a total production of 671,800 ounces of gold in 2024.
This article was initially published in French by Aurel Sèdjro Houenou
Edited in English by Ange Jason Quenum
Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...
Eritrea faces some of the Horn of Africa’s deepest infrastructure and climate-resilience gaps, lim...
Huaxin's $100M Balaka plant localizes clinker production, saving Malawi $50M yearly in f...
Nigeria seeks Boeing-Cranfield partnership to build national aircraft MRO centre Project aims t...
Benin says a coup attempt was foiled, crediting an army that “refused to betray its oath.” ...
Starlink launches satellite internet service in Sao Tome and Principe Monthly fees $61-$81 plus upfront hardware costs High prices may limit...
Dangote Foundation pledges 1 trillion naira for Nigerian education over decade Funding targets STEM, girls’ education, teacher training from...
The mining group is refocusing on iron, aluminium, lithium and copper while placing other activities, including titanium, under strategic review, raising...
IFC considers €75.25 million investment in cocoa processor Guan Chong Funds to expand cocoa processing plant in Côte d’Ivoire Project...
Cameroon’s REPACI film festival returns Dec. 11-13 with 135 short films Events include screenings, masterclasses, panels on social cinema and...
Cidade Velha, formerly known as Ribeira Grande, holds a distinctive place in the history of Cape Verde and, more broadly, in the history of the Atlantic...