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Ghana weighs local bids for $1bn revival of Gold Fields' Damang mine
Ghana is assessing three bids from local investors to take over Gold Fields’ Damang gold mine, which requires up to $1 billion of investment to revive, the mining regulator told Reuters, nearly a year after the government seized control of the asset. Ghana, which is seeking to boost local ownership in its mining sector, rejected Johannesburg-based Gold Fields’ lease‑renewal bid and took control of Damang mine in April, breaking with years of automatic extensions. Authorities said the move followed the company’s failure to declare verifiable reserves and formed part of a tougher push to ensure gold assets ... (full story)
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- Mar 17, 2026 8:32pm Posted byFundamental Analysis165
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