The Ghana Chamber of Mines has commended the government and Gold Fields Ghana Limited for reaching a constructive and forward-looking agreement on the transition arrangements for the Damang Mine.  

The Chamber welcomes the decision to issue a new 12-month mining lease to Abosso Goldfields Limited, a subsidiary of Gold Fields, which will enable the safe resumption of open-pit mining during the transition period.  

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"The joint commitment to maintaining jobs, progressing feasibility studies, and ensuring continued processing of stockpiles underscores the shared interest in sustaining mining operations for the benefit of employees, local communities, and the broader Ghanaian economy," the Chamber said in a statement.  

Importantly, the Chamber acknowledges the establishment of a joint asset transition team, comprising representatives from both parties, to oversee the eventual transfer of the Damang Mine to Ghanaian ownership, it added.  

"This is a laudable step towards promoting local participation, investor confidence and ownership in the mining sector.

“We are encouraged by the spirit of collaboration that has characterised the engagement between the Government and Gold Fields,” Ahmed Dasana Nantogmah, acting Chief Executive Officer of the Ghana Chamber of Mines, said.   

“Such partnerships not only enhance investor confidence but also reflect a commitment to good governance, transparency, and inclusive development.”  

The Chamber also lauded the parties’ willingness to initiate early discussions on the renewal of the lease for the Tarkwa Mine, due in 2027.   

The Chamber said the proactive approach was essential to ensuring stability and long-term value creation in Ghana’s mining sector.  

As the umbrella body representing the interests of the mining industry in Ghana, the Chamber urged all stakeholders to continue engaging in open dialogue and collaborative action.  

"This will further entrench transparency, build public confidence, and position Ghana as the mining investment destination of choice," it added.