The Institute of Economic Affairs (IEA) is proposing that the government establish a Ghana Mining Company to hold ownership of all mines on behalf of the State. The proposal follows Gold Fields’ announcement that it will transition the Damang Mine to Ghanaian ownership in April this year. The IEA believes the formation of such a …
Gold Fields will transition ownership and operation of the Damang Mine to Ghanaian ownership effective April 18, 2026, Chief Executive Officer Mike Fraser has announced. Speaking during a media engagement, Fraser said the company had applied for a lease extension in April 2025. However, the Government indicated its preference for the asset to transition to …
Gold Fields recorded zero fatalities across all its operations in 2025, marking what the company describes as a significant safety milestone. Speaking during a media roundtable on the company’s full-year results, Chief Executive Officer Mike Fraser said the achievement reflects the company’s strong focus on safe delivery across its global portfolio. “First and foremost, we …
The Chief Executive Officer of the Minerals Commission, Isaac Andrews Tandoh, has identified fronting as a major driver of persistent challenges in Ghana’s mining sector, including illegal mining activities. Speaking at the Local Content Summit 2026, Tandoh said the practice—where foreign interests operate behind Ghanaian identities to secure licences and mineral rights—continues to undermine regulatory …
The Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah, has issued a stern warning against the growing practice of foreign companies hiding behind Ghanaian fronts to access opportunities in the mining sector, declaring that the government will not tolerate any arrangement that undermines genuine local participation. Addressing stakeholders at a high-level mining forum during …
Gold Fields Limited has reported a sharp increase in profit for the year ended 31 December 2025, alongside the declaration of a final dividend and additional shareholder returns totaling US$1.7 billion. The gold producer announced profit attributable to owners of the parent of US$3.57 billion (US$3.99 per share), up from US$1.25 billion (US$1.39 per share) …
Ghana has a long history of resource extraction that has caused socioeconomic and ecological harm. The mining of gold, stones, sand and salt has displaced people, polluted the environment and destroyed livelihoods. It’s commonly believed that this continues to happen, with impunity. But recent developments reveal a more complex reality. As a global sociologist who …
The Democratic Republic of Congo struck a deal to tender copper from a major Glencore Plc operation in the country, expanding the state miner’s trading of a metal that’s key to the energy transition. Gecamines has negotiated the rights to market about half of Kamoto Copper Co.’s output for at least the next two years …
President John Dramani Mahama has issued a bold challenge to Ghana’s mining industry, declaring that the era of exporting raw minerals while importing finished products must come to an end. Speaking at the maiden Mining Local Content Summit in Takoradi on Wednesday, 18th February, 2026, the President said although Ghana remains Africa’s leading gold producer …
A set of sweeping reforms designed to increase Ghanaian participation and ownership in the mining sector has been unveiled at the maiden Mining Local Content Summit held at Planter’s Lodge in Takoradi. The announcement was made by the Chief Executive Officer of the Minerals Commission, Isaac Tandoh, at the two-day summit themed “Strengthening Local Content …
