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Ghana takes control of Damang Mine from Gold Fields on April 18, 2026, ending lease and transitioning to state ownership.
Gold Fields will transfer control of Ghana’s Damang Mine to the government on April 18, 2026, ending a 12-month lease extension after the original lease expired in April 2025.
The government chose national ownership, a move aligned with mining laws that return assets to the state upon lease expiry.
A transition team has worked since July 2025 to ensure a smooth handover, with interim leadership starting April 19 pending a final operator appointment, possibly requiring parliamentary approval.
A 2025 feasibility study found the mine could operate for at least nine more years with 100,000 to 150,000 ounces annually, needing $500 million to $600 million in investment.
The mine employs about 500 people and supports up to 2,000 livelihoods.
Both sides aim to prevent operational disruption, a key test for Ghana’s mining policy and investor confidence.
Ghana toma el control de la mina Damang de Gold Fields el 18 de abril de 2026, poniendo fin al arrendamiento y pasando a propiedad estatal.