18.3 C
London
Saturday, May 17, 2025

Gold Fields has not initiated legal action against government over Damang Mine lease

An earlier report by GhanaWeb indicated that the Africa Centre for Energy Policy (ACEP) had suggested that Gold Fields has initiated legal action against the Government of Ghana following the expiration of its mining lease for the Damang Mine in the Western Region.

We wish to clarify that this statement is inaccurate. Gold Fields has not sued the Government of Ghana over the Damang lease, as previously suggested.

This clarification comes in response to statements attributed to ACEP, which implied that Gold Fields may have resorted to legal action following the government’s decision not to renew the Damang Mine lease.

We also wish to emphasise that, while Gold Fields has acknowledged ongoing discussions with the appropriate government agencies concerning the future of the Damang operation, no legal action has been initiated.

Meanwhile, the government, through the Minerals Commission, has confirmed the termination of Gold Fields’ Damang Mine lease, which officially expired on April 18, 2025.

Some industry experts have suggested that the Damang Mine, which has experienced declining output in recent years, may be central to broader strategic decisions surrounding Ghana’s natural resource management.

Gold Fields, a South African-based multinational, has operated in Ghana for decades and also owns the Tarkwa Mine, one of the largest gold producers in the country.

The company maintains that it remains committed to sustainable mining and community development in the region.

Latest news
Related news