Ghana’s Minerals Commission has appointed a six-member caretaker team to oversee operations at the Bogoso and Prestea gold mines following the termination of mining leases held by FGR Bogoso Prestea Limited, authorities announced.
The government revoked the leases on September 18, citing a series of regulatory breaches identified by both the Minerals Commission and a Ministerial Committee review, reports Citi News.
Lands Minister Samuel Abu Jinapor said the company was warned in August 2023 but failed to rectify its violations despite repeated notices.
"The mineral rights covering the Bogoso-Prestea Mine have reverted to the state," Martin Ayisi, CEO of the Minerals Commission, said in a statement. He added that the commission will manage the mines until a new investor is identified, while the appointed team will "oversee the day-to-day affairs of the mine site effective immediately."
The team includes senior officers and representatives of the workers’ union. Military personnel will remain on site to secure the assets, Ayisi confirmed in the Citi News report.
Blue Gold Bogoso Prestea Limited, which claims to be the new operator, disputes the decision and plans to challenge the termination.
Related Articles
Guinea-Bissau soldiers announce seizure of power as post-election tensions deepen
Soldiers in Guinea-Bissau appeared on state television on Wednesday (November 26) saying they had seized power, hours after gunfire was reported near the presidential palace in Bissau, three days ... more
Guinea-Bissau president says coup attempt underway as gunfire erupts in capital
Guinea-Bissau’s President Umaro Sissoco Embaló said on November 26 that a coup was underway in the country, telling Jeune Afrique he had been detained by soldiers at the presidential palace in ... more
Vodacom taps Google Cloud to accelerate AI-driven transformation across Africa
Vodacom (JSE:VOD) has signed a strategic collaboration agreement with Google Cloud, enabling the South African operator to deploy advanced AI and data-analytics tools across its African markets. The ... more
Most Read
-
US expands oil sanctions on Russia
1 month ago
-
India’s smart metering push gains momentum
4 months ago