Management of Blue Gold/FGR, a mining firm, has urged the Government through the Ministry of Lands and Natural Resources to restore its mining lease at the Bogoso-Prestea Mine.
Mr Yiadom Boakye Amponsah, the Acting Managing Director (MD) of the Blue Gold/FGR, speaking during a media engagement, in Takoradi, said the firm’s lease was wrongfully revoked in September 2024, alleging that Heath Goldfields had occupied the Mine and appropriated the assets of Blue Gold/FGR without recourse to the law.
According to him, the Minerals Commission and Land Ministry did not subject their firm’s lease revocation to the full processes as enshrined in the mining laws.
He said: “Due to the inability of Minerals Commission to subject the process to full-proof for reasons they can only explain, the entire Mine has been subjected to a high level of confusion.
“The confusion has subsequently promoted various very negative activities such as theft of company assets, employees arrogating to themselves powers they do not have, and above all a company to present itself as new owners of a Mine.”
Mr Amponsah, however, said despite all those challenges, his organisation was steadfast in its quest to use the legal and acceptable processes, and work with the Ministry of Lands and Natural Resources and the Minerals Commission to resolve the impasse amicably.
He stated that though they have referred the matter to international arbitration, they were committed to withdrawing the case unconditionally, as soon as the mining lease was restored to them.
The Ag MD, therefore called on the government to reverse the revocation of their lease, saying; “We shall pursue the ongoing legal processes both in Ghana and abroad to avoid chaos and not to disrupt the peace and security of the catchment area.”
Mr Amponsah noted that Blue Gold/FGR had secured a funding of US$80 million for its operations, and that it demonstrated their financial capacity to undertake the work, “so we are praying the government will allow us to proceed.”
Blue Gold Holdings Limited is a UK-based gold mining platform focused on asset development in sub-Saharan Africa.
Its flagship project, the Bogoso Prestea Mine, is in Ghana’s Ashanti Belt-a region that has produced over 150Moz of gold historically.