- FGR Bogoso Prestea Mining Limited's leases terminated
- Non-compliance and operational issues prompted government action
- Stakeholder engagement, including Ghana Mine Workers Union
- Government prioritizes transparency, efficiency, and sustainability
The government of Ghana has taken a bold step in terminating the mining leases of FGR Bogoso Prestea Mining Limited, effective immediately. This decision was made public through a statement issued by Samuel Abu Jinapor, the Minister of Lands and Natural Resources, on September 18, 2024. The termination comes after the Minerals Commission and the Attorney-General and Minister for Justice conducted thorough reviews and consultations.
FGR Bogoso Prestea Mining Limited was initially cautioned in August 2023 regarding certain breaches in its mining operations. The Minerals Commission advised the company to rectify these issues, but unfortunately, FGR failed to comply. This led to widespread protests and concerns from stakeholders, including the Ghana Mine Workers Union.
The Ghana Mine Workers Union, with over 15,000 members, had been vocal about FGR’s inability to invest in the mine, resulting in poor working conditions and significant debt obligations. In fact, the union organized demonstrations in Accra, urging the government to revoke FGR’s license. The mine, which once produced 150,000 ounces of gold annually, saw production drop to just 60% of that under FGR’s management.
The union’s general secretary, Abdul-Moomin Gbana, emphasized that FGR’s lack of investment had brought the business to its knees. With workers virtually out of work for four months, the union demanded the government’s intervention. FGR owes millions of dollars to local suppliers and vendors, exacerbating the crisis.
Minister Jinapor assured the public that the government remains committed to efficient, effective, and sustainable natural resource management. This decision demonstrates the government’s dedication to transparency, integrity, and the well-being of the Ghanaian people.
The termination of FGR’s mining leases is a significant development in Ghana’s mining sector. The government’s actions aim to protect the interests of workers, local communities, and the environment.
The government’s decision to terminate FGR’s mining leases marks a new chapter for the Bogoso-Prestea mine. The future of the mine and its workers remains uncertain, but the government’s commitment to responsible natural resource management provides hope for a more sustainable future.
The termination of FGR Bogoso Prestea Mining Limited’s leases reflects the government’s resolve to address concerns surrounding the mine’s operations. This move prioritizes the welfare of workers, local communities, and the environment, ensuring that Ghana’s natural resources are managed efficiently and effectively.
