Government is set to engage top-level executives of Goldfields today, April 22, 2025, for critical discussions aimed at ensuring a smooth transition of the Damang Mine in the Western Region.
Sources close to the issue have indicated that the high-powered meeting will involve senior officials from Goldfields’ Group Head Office in South Africa.
According to information gathered by Joy Business, one of the key items on the agenda is the potential extension of Goldfields’ management over the mine before a full handover of assets to the state.
The government is reportedly considering granting Goldfields more time to oversee operations at the mine to avoid any operational gaps.
Sources suggest that Goldfields had requested additional time before fully vacating the site, which could be granted, as long as certain conditions are met.
In the meantime, government sources have communicated with Goldfields, requesting that the company’s equipment continue to operate at the Damang Mine, and workers have been advised to remain on-site and continue their duties.
Background
Last week, the Minister for Lands and Natural Resources, Emmanuel Armah Kofi Bauh, announced that the government would be taking over ownership of the Damang Mine. This was after the Minerals Commission declined to extend the operations period for the South African company.
However, today’s meeting could lead to a significant shift in the timeline, potentially allowing Goldfields to manage the mine for up to a year before the full transition to state control.
As discussions unfold, industry observers are keeping a close eye on the outcome, as the decision could have far-reaching implications for both the local economy and Ghana’s mining sector. For now, all eyes are on the outcome of this crucial meeting.
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