New operators of the FGR Bogoso and Prestea mines, Blue Gold Bogoso Prestea Limited says it will fight the Ministry of Lands and Natural Resources decision to terminate the FGR Bogoso and Prestea mining leases.
According to Blue Gold, the mining leases in question remain valid and ar still the company’s property.
“The decision to terminate the mining leases was taken after reviewing various reports from the Minerals Commission as well as a Ministerial Committee constituted to review the operations of the company and after extensive engagement with all stakeholders involved in this matter,” a statement signed by the Lands Minister, Samuel Abu Jinapor dated Wednesday, September 18, 2024 read.
Responding to the termination, Blue Gold questioned the grounds of the termination, adding that it “would be strongly disputed by the company, and while any such dispute is ongoing the mining leases remain fully valid and the property of the company.”
See Blue Gold’s response below:
RE: TERMINATION OF FGR BOGOSO PRESTEA LIMITED MINING LEASE
The attention of Blue Gold has been drawn to a press release from the Ministry of Lands and Natural Resources today Wednesday September 18, 2024, in which it states that the sector minister has terminated the mining lease of FGR Bogoso Prestea Mines on 3 September 2024.
We wish to state that no such communication has been received by the company.
Furthermore, we wish to state that the grounds for any such termination would be strongly disputed by the company, and while any such dispute is ongoing the mining leases remain fully valid and the property of the company.
We therefore take this opportunity to assure all our workers on site to remain calm and go about their duties as the process of termination of a mining lease is subject to prescribed legal procedures to protect the interests of all stakeholders and ensure that due process is followed.
Blue Gold is committed to the mine as our recent investments in the mine has shown.
