Gov’t rejects Gold Fields’ Damang lease extension, orders vacation by April 18

Gold Fields Limited has disclosed that its lease extension application of the Damang Main Mining has been rejected.

The company had applied for an extension of the Damang Main Mining Lease (the Lease Extension Application) in December 2024 however, it received notification from the Minerals Commission of Ghana that the application was not granted.

The Government has since instructed Gold Fields to cease operations and vacate the lease area by April 18 on expiry of the lease.

In a statement issued on April 14, 2025 Gold Fields said it has engaged extensively with the relevant authorities since receiving the rejection notice to confirm that its Lease Extension Application has fulfilled all the statutory requirements for such extension.

“Gold Fields is therefore preparing to safely and responsibly cease operations and ensure the safety and security of our people and high-risk operations. The Company continues to seek ongoing engagement with the Government to secure the best outcome for all stakeholders,” Gold Fields said.

According to Gold Fields, these developments at Damang do not affect operations at Tarkwa, which remain ongoing. Gold Fields will update the market of any material developments as this matter evolves.

Source: 3news.com