Government moves to protect jobs as Damang mine lease nears expiry

The Ministry of Lands and Natural Resources has announced measures to safeguard jobs and ensure operational continuity as the mining lease for the Damang Mine approaches its expiration date.

According to the Ministry, the lease held by Abosso Goldfields Limited, a subsidiary of Gold Fields Limited, is set to expire on April 18, 2026, following a one-year extension.

Government has emphasized that the Damang Mine remains a strategic national asset, with the potential to continue contributing significantly to Ghana’s gold production, export earnings, and employment.

To manage the transition, authorities have initiated steps to protect existing jobs, maintain service contracts, and reassure key stakeholders.

Central to the plan is the selection of a new investor or operator through a competitive bidding process, aimed at ensuring efficiency, transparency, and long-term sustainability.

The Ministry noted that the transition will also support efforts to promote greater Ghanaian participation and ownership within the mining sector, in line with the government’s broader economic strategy.

Officials have assured host communities and industry players that the process will be handled with transparency and responsible oversight, with the goal of maintaining investor confidence while maximizing national benefits.

The government reaffirmed its commitment to strengthening Ghana’s position as a leading destination for responsible mining investment, while ensuring that natural resources continue to deliver value for citizens.