Govt lease rejection forces Gold Fields to wind down Damang Mine

Govt Lease Rejection Forces Gold Fields to Wind Down Damang Mine

Gold Fields is closing its Damang Mine. This decision follows a government lease rejection. The company announced the closure on April 14, 2025.

The mine has been operational for many years. It has contributed significantly to the local economy. However, without a valid lease, operations cannot continue.

Gold Fields expressed disappointment over the government's decision. They stated it impacts jobs and local communities. The company is now focusing on winding down activities safely.

Employees will be informed about their future options. Gold Fields aims to support them during this transition. The situation highlights challenges in mining regulations and leases.

Local leaders are concerned about job losses. They urge the government to reconsider its stance. The community relies heavily on the mine for economic stability.