By Bright Agamah
The new owners of the Bogoso and Prestea gold mining leases, have announced the restart of operations, after care and maintenance, since December 2023. A statement issued by the new owners Blue Gold Bogoso Prestea Limited says, the restart of the Bogoso and Prestea mine follows a strategic partnership with Gerald Group which has 18 offices across 40 countries, including three mines in West and Central Africa, and an annual turnover of eight billion dollars.
The statement stated that underground mining activities and dewatering have commenced, and the processing plant is being prepared for gold pour.
Also, nine kilometres of access roads have been prepared to start the tailings lift, which will be completed under the supervision of the engineer of record, Knight Piesold. It said more than 200 staff resumed work last month, with the prospect of engaging more workers on site this month and October.
The statement further indicated that Blue Gold Bogoso Prestea Limited acquired the Bogoso and Prestea gold mining leases from FGR Bogoso Prestea Limited in May this year. FGR Bogoso Prestea Limited will receive a portion of the revenue from Blue Gold to address its creditor obligations.
The Bogoso and Prestea gold mines are among Ghana’s oldest and largest mining concessions, located within the Ashanti gold belt.
Blue Gold Holdings aims to transform these assets into a multi-generational, low-cost gold producing operation, with an estimated 18-year life of the mine.
