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Ghana refuses to renew lease for Damang Gold Mine, impacting 1,500 jobs and sparking debate on foreign investment.
Ghana's government has refused to renew Gold Fields Ghana's lease for the Damang Gold Mine, set to expire on April 18, 2025.
The firm disputes regulatory noncompliance claims, while a local contractor prepares to bid for the lease.
This decision, affecting around 1,500 workers, has sparked debate over transparency and foreign investment in Ghana's mining sector, which contributes significantly to the country's GDP and export earnings.
Gold Fields may seek international arbitration, and the government plans to take over the mine, potentially reshaping Ghana's economic landscape.
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Ghana se niega a renovar el contrato de arrendamiento de la mina de oro Damang, lo que afecta a 1.500 empleos y desencadena un debate sobre la inversión extranjera.