Gold Fields to begin shutdown of Damang Mine following lease renewal rejection

Read Article

Comments (21)

This article is closed for comments.

Read Comments Comments (21)

State capture 8 months ago

If this asset is going to somehow be engineered and gifted to a politically connected person, then we will be better off renewing the lease for goldfields to manage it. We can negotiate for GoG to own a higher percentage but ...
read full comment

If this asset is going to somehow be engineered and gifted to a politically connected person, then we will be better off renewing the lease for goldfields to manage it. We can negotiate for GoG to own a higher percentage but we have to admit that as things stand we do not seem to have too many legitimate, tax paying, financially disciplined business men and women in Ghana who can manage this. Look at Asante Mines. It’s a joke.
Johans 8 months ago

You do not have to think like this, for the fact that it happened with some former governments does not mean that it will happen today. PMC and Ghana infrastructure and Investment Fund can set up state own company
to run th ...
read full comment

You do not have to think like this, for the fact that it happened with some former governments does not mean that it will happen today. PMC and Ghana infrastructure and Investment Fund can set up state own company
to run this by hiring professionals and paying industry competitive rate?
Or Let the entire mining be owned by the Government of Ghana and hired an engineering firm with track record to mine it with formula for proceed sharing?
Can't we learn a little from the Arabs?
Concern citizens 8 months ago

Yes we can but do we have the capacity now ,if not proper negotiations should be done as we prepare and people loosing their jobs should not happen at all because in this economy it’s not easy

Yes we can but do we have the capacity now ,if not proper negotiations should be done as we prepare and people loosing their jobs should not happen at all because in this economy it’s not easy
Wisdom 8 months ago

We must renegotiate all mining lease in Ghana. Our current agreement does not favour us at all.

We must renegotiate all mining lease in Ghana. Our current agreement does not favour us at all.
Eugene 8 months ago

Redundancy looming

Redundancy looming
Nii Joromi 8 months ago

Time for the state to take over all the gold mined in Ghana.

Time for the state to take over all the gold mined in Ghana.
Prudhomme - You may be too young to know 8 months ago

All goldmines in Ghana were previously owned by the government 100%. Guess what, none of them ever made any profits due to corruption/mismanagement, hence their sale to private companies. For your information these private co ...
read full comment

All goldmines in Ghana were previously owned by the government 100%. Guess what, none of them ever made any profits due to corruption/mismanagement, hence their sale to private companies. For your information these private companies always make huge profits.

This is Ghana 101 for you!
Concern citizens 8 months ago

Exactly,ECG is pushing to be privatized,this should tell us alot

Exactly,ECG is pushing to be privatized,this should tell us alot
Concern citizens 8 months ago

This should not affect the job of the staff, Government should ensure that, no one will travel outside of this country oo
Thank you

This should not affect the job of the staff, Government should ensure that, no one will travel outside of this country oo
Thank you
Azaar 8 months ago

In which way(s) can the government do that,can you explain further.

In which way(s) can the government do that,can you explain further.

Ken 8 months ago

Movie seen before about to happen SGMC Ghana Zambia Zimbabwe DRC South Africa 30per cent to blacks.What happened mines collapsed and SA mines going down.All these countries now privatising.
Political people will hijack the ...
read full comment

Movie seen before about to happen SGMC Ghana Zambia Zimbabwe DRC South Africa 30per cent to blacks.What happened mines collapsed and SA mines going down.All these countries now privatising.
Political people will hijack the process just like GIJOC sale and we all know the consequences.Chirano Gold Mines a mess know only the current gold proves have saved them .
Real Ghanaian mining entrepreneurs must build their own mines and run
we can look at the Botswana model too or the Ethiopian Airlines model which are success stories. Mining is capital intensive there is a difference between a service company and operating a mine.We have so much Gold Iron Ore Bauxite to be mined by ourselves from scratch.
Aziz Bukari 8 months ago

We should watch out message we send out to foreign investors.So many sectors need foreign investment but we need to structure proper deals.Some may be Joint Ventures Majority or minority owned with foreign firms.

We should watch out message we send out to foreign investors.So many sectors need foreign investment but we need to structure proper deals.Some may be Joint Ventures Majority or minority owned with foreign firms.
Me. 8 months ago

The real shock is coming down the lane. Goldfield's Tarkwa Mine's lease expires in 2027!

The real shock is coming down the lane. Goldfield's Tarkwa Mine's lease expires in 2027!
YF 8 months ago

Gold Fields started operating the Damang mine in 2002, and not 1997. The mine was previously owned by Abosso Goldfields Ltd (AGL), who started the mine in 1997.

Gold Fields started operating the Damang mine in 2002, and not 1997. The mine was previously owned by Abosso Goldfields Ltd (AGL), who started the mine in 1997.
Obed 8 months ago

If we want to do as black people is to rely on FDI then we have no business walking the surface of the earth.

Why can't the black man be productive for once in his evolution?
How many countries have you seen developed wit ...
read full comment

If we want to do as black people is to rely on FDI then we have no business walking the surface of the earth.

Why can't the black man be productive for once in his evolution?
How many countries have you seen developed with only 10% stake in their natural resources? We are just foolish book long animals for nothing.

All we know is committees, symposium, fora and kwasia sem nkoaaaaaa whiles the Sahel countries develop without democracy
Bitter truth 8 months ago

Cancel all these mining companies which have their contracts expired and negotiate for contracts that will be beneficial to the people in that commmunity and Ghana as a whole..all these mining companies are criminals..they ju ...
read full comment

Cancel all these mining companies which have their contracts expired and negotiate for contracts that will be beneficial to the people in that commmunity and Ghana as a whole..all these mining companies are criminals..they just taking advantage of the weak systems in Ghana..kudos to the lands and natural resources minister..this is a step in the right direction..come out with terms and conditions that will be beneficial to the communities..these mining compamakes billions of dollars from these communities yet the citizens there are extremely poor..time for Ghana to reset its mining laws
Danfo 8 months ago

Even common ECG/TOR/ cocobod you Ghanaians could not manage to profitability and you are thinking of a gold mine.Better manage for good terms and allow life to continue. We don’t want this mine to go down as it has happened ...
read full comment

Even common ECG/TOR/ cocobod you Ghanaians could not manage to profitability and you are thinking of a gold mine.Better manage for good terms and allow life to continue. We don’t want this mine to go down as it has happened to others for the sake of the people employed and the communities around.
Hannan 8 months ago

;))))) Welcome to the best sex dating site >> Sexy24.mom

;))))) Welcome to the best sex dating site >> Sexy24.mom
Obed 8 months ago

So we dierr, we don't deserve anything better because of corruption. So, it is better for a foreigner to possess what is ours eh? From gold, cocoa, manganese and every commodity that God gifted us. We dierr pa oonl pa noaaaaa ...
read full comment

So we dierr, we don't deserve anything better because of corruption. So, it is better for a foreigner to possess what is ours eh? From gold, cocoa, manganese and every commodity that God gifted us. We dierr pa oonl pa noaaaaaa. Nothing exceptional
kwasi 8 months ago

Somethings fundamentally wrong. Shouldn't a lease ending in April ought to have been renewed at least 6 to 1 year ago?? The company is badly managed.

Somethings fundamentally wrong. Shouldn't a lease ending in April ought to have been renewed at least 6 to 1 year ago?? The company is badly managed.

kwasi 8 months ago

* something's..
*...6 Months to year ago

* something's..
*...6 Months to year ago

21 Comments

Welcome,

SIGN IN

Welcome,

RESET PASSWORD

Hello,

Terms and conditions

REGISTER

Gold Fields to begin shutdown of Damang Mine following lease renewal rejection

Read Comments .st0{display:none;fill:#14BDD3;} .st1{display:none;} .st2{display:inline;fill:#FC0F0F;} .st3{display:inline;fill:#FFFFFF;} .st4{display:inline;fill:none;stroke:#000000;stroke-width:6;stroke-miterlimit:10;} Comments (21)

Read Comments Comments (21)