Ghana ready to take over Damang mine after Gold Fields’ exit – Minerals Commission

Isaac Tandoh, the Deputy Chief Executive Officer of the Minerals Commission, confirmed Ghana's readiness to take over the Damang Mine. This follows the government's decision not to renew Gold Fields' mining lease, which expires in April 2025.

On April 15, 2025, Mr. Tandoh spoke about the mine's future on the Citi Breakfast Show. He emphasized that while Ghana welcomes foreign investments, mining agreements cannot last forever. "We support foreign investments," he said. "But agreements cannot be in perpetuity."

He explained that once an agreement ends, Ghana will consider new proposals. If no better offer exists, Ghana will take control of the mine. When asked about plans for Damang after Gold Fields leaves, he simply stated, “We will run it.”

Mr. Tandoh dismissed doubts about Ghana's ability to manage the mine. He noted there are many unmined smaller pits within the Damang concession ready for local expertise to work on immediately. Over time, he believes Ghana can strategize on developing larger parts of the mine.

He pointed out that local technical know-how is abundant and not a concern. “There are smaller pits they didn’t complete,” he said. “We have local capacity—engineers and planners—to start mining.”

Tandoh also mentioned that only one expatriate currently runs operations at Damang. In contrast, Ghanaians manage mines in Tarkwa and Ahafo successfully.

He concluded by stating that discussions indicate a state-led operation for Damang after Gold Fields exits. “In all meetings I've attended,” he said, “we are looking at the state running the mine.” No individual will be responsible for this operation.