Heath Goldfields Limited (HGL), the Ghanaian-owned company now operating the Bogoso-Prestea Mine, has received strong backing from traditional and political leaders as it rolls out a massive redevelopment plan, aimed at restoring full-scale operations and jobs to the mining community.
The company has already committed US$75 million to preparatory works and infrastructure rehabilitation.
This is part of a broader US$205 million Phase One strategy to modernise the mine over the next five years.
Five-Year Turnaround Plan
Managing Director of Heath Goldfields, Patrick Appiah-Mensah, disclosed that the plan focuses on redeveloping the underground mine and constructing a sulphide processing plant, with a goal of producing 285,000 ounces of gold annually when operations reach full capacity.
According to him, the company’s immediate priority is to complete the dewatering of the mine shafts, which have been submerged for years. Roughly 10 million litres of water are being pumped out daily, and water levels have already dropped by 75 feet, signalling steady progress.
“We acquired this lease in November 2024 for 15 years to build a mine that truly benefits Ghanaians and the local community,” Mr. Appiah-Mensah said.
“Even though we haven’t poured an ounce of gold yet, the scale of investment and the visible improvements demonstrate our long-term commitment. We are here to stay.”
Overcoming Legal Setbacks
Mr. Appiah-Mensah revealed that the company’s early work was slowed by several lawsuits filed by the mine’s previous operators, Future Global Resources and Blue Gold FGR, challenging the government’s transfer of the mining lease to Heath Goldfields.
“All those cases have been dismissed by the courts,” he said, emphasizing that the company fully complied with legal and regulatory procedures before assuming operations.
Despite those hurdles, the company has pushed forward with refurbishment, safety, and technical upgrades. It has also cleared GH¢103 million in outstanding salaries, settled inherited electricity arrears, and negotiated with the government to pay a US$7 million mineral rights rent debt, left behind by its predecessors.
“These are not just figures—they show our determination to rebuild a sustainable and world-class operation right here in Ghana,” he added.
Community and Political Leaders Back the Revival
After touring the site to observe the ongoing works, the Divisional Chief of Prestea Himan, Nana Nteboa Pra V, praised Heath Goldfields for its visible progress and expressed renewed optimism for the mine’s revival.
“In a short period, Heath Goldfields has shown serious commitment and delivered results we can see,” he said. “If they continue on this path and adhere to industry standards, there is real hope for the future of Prestea.”
The Municipal Chief Executive for Prestea Huni-Valley, Matthew Ayeh, and the Member of Parliament for Wassa Amenfi East, Nicholas Amankwah, have also pledged their full support for the company’s redevelopment agenda.
Mr. Ayeh described the company’s efforts as a “total turnaround,” noting that the atmosphere around the mine has changed significantly since Heath Goldfields took over.
The Member of Parliament, Nicholas Amankwah assured that the community will continue to support the company through the right channels to ensure its operations benefit everyone in the catchment area.
A Ghanaian-Led Operation
Heath Goldfields is 90% Ghanaian-owned and 100% Ghanaian-managed, with the Government of Ghana owning the remaining 10%.
The company says its model reflects Ghana’s commitment to increasing local participation in the mining industry and ensuring that more value remains within the country.
“We’re not just reviving a mine; we’re rebuilding a future for Prestea and for Ghana,” Appiah-Mensah emphasised. The redevelopment of the Bogoso-Prestea Mine is expected to create jobs, boost national gold
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