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Govt takes over Gold Fields Damang Mines

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The government has assumed operational control of the Damang Mine, a concession held by Abosso Goldfields Limited, a subsidiary of Gold Fields Limited. 

The move follows the rejection of the application by Gold Fields Limited to have its 30-year mining lease at the facility extended for another 30 years.

Abosso Gold Fields Limited’s 30-year lease is set to expire tomorrow, April 18, 2025.

The government’s action, according to a statement by the Ministry of Lands and Natural Resources, represented a crucial step in Ghana’s economic reset, ensuring that gold reserves directly benefited citizens and contributed to long-term prosperity, easing uncertainty over the future of over 1,300 workers of the company.

The statement available to the Daily Graphic indicated that the government’s decision was based on solid, empirically supported grounds.

“This decision aligns with the government’s policy shift away from the neo-colonial practice of automatic licence renewals for mining in Ghana, focusing instead on a comprehensive reassessment of mining licences to maximise national benefit,” the statement said.

The statement gave an assurance that in spite of the government’s control of the concession, it remained committed to maintaining uninterrupted operations, protecting jobs, and honouring existing valid service contracts while ensuring compliance with legal and fiscal obligations to secure Ghana’s rightful benefits from this vital resource.

Continuity

The government, the statement said, had outlined plans to ensure that all essential services — from security to health care and fuel supply to camp management — continued without disruption.

It also stated that valid contracts would be honoured, wages paid, and operations sustained as efforts were made to regularise arrangements under state stewardship.

The statement further clarified that priority would be given to local workforce retention and community-based enterprises in line with Ghana’s Local Content Policy.

This transition, it said, would focus on local hiring and procurement, ensuring that opportunities in transport, labour and auxiliary services primarily benefited businesses within the Damang catchment area.

A dedicated transition team would also engage directly with all workers, contractors, and community leaders in the coming days to address concerns, provide updates and collaborate on the way forward, it emphasised.

“The Government of Ghana is committed to enforcing strict protocols to ensure safety, orderly operations, and protection of all assets. Unauthorised access or disruptions will not be tolerated.

Together, we will uphold the integrity of this transition,” the statement added.

Reasons

The statement cited several reasons for not renewing the licence, indicating that Abosso Goldfields Limited failed to declare verifiable mineral reserves in its renewal application.

According to Regulation 189 of the Minerals and Mining Act (Licensing) Regulation, 2012 (L.I. 2176), an application to extend a mining lease must include a comprehensive technical report and a programme of mining operations.

Any such report, the statement said, should detail verifiable mineral reserves, including the quantity of gold discovered and projected extraction to justify the lease extension.

“Without declared reserves, the Minerals Commission cannot recommend the extension of the lease.

It is important to note that the company’s 2024 Annual Reports, published in March 2025 — shortly after the Notice of Rejection was served — have validated the government’s position regarding the absence of reserves necessary to support the lease extension,” the statement said.

Additionally, it said the application submitted by Gold Fields Limited lacked a detailed technical programme outlining past activities over the past 30 years or future plans for the mine.

The statement emphasised that “without this critical information, the government cannot adequately assess the mine’s historical performance or future direction — a fundamental requirement for responsible and informed decision-making”.

Furthermore, the statement pointed out that Gold Fields Limited had not allocated any budget for exploration at the Damang Mine over the past two years, insisting that this lack of investment raised serious concerns about the company’s commitment to sustainable mining practices and the long-term viability of the mine.

Background

Gold Fields Limited is the seventh biggest producer of gold in the world, and has two operational mines in Ghana, namely the Tarkwa Mine, which is operated by Gold Fields Ghana, and the Damang Mine, which is run by Abosso Goldfields Limited.

In 2011, Gold Fields bought out IAMGold’s remaining interest in Damang, and the company now owns a 90 per cent stake, with the Government of Ghana holding the remaining 10 per cent.

According to the 2024 annual report of Gold Fields, no mineral reserves were declared at Damang, which meant there were no defined gold reserves to be mined there.

Actual mining at the mine is said to have stopped in 2023 as the company resorted to processing stockpiles.

In fact, it is stated in the Mineral Resources and Reserves Supplement to the Integrated Annual Report of 2023 that no exploration was proposed for the Damang Mine in 2024.

No reserves

The lack of reserves and the lack of funds for exploration spending for the Damang Mine appeared to suggest that the company was not interested in expanding mine life for the mine at Damang.

Additionally, the company, this year, intended to continue the processing of stockpiles in line with the life of the mine for at least one year.

The mine has since been considered as one that has not met the requirements and justification for an extension of lease.

Source: Graphic online

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Raheem Sterling Admits Dangerous Driving After M3 Lamborghini Crash

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Former England international footballer Raheem Sterling has pleaded guilty to dangerous driving following a single-vehicle crash involving his Lamborghini on the M3 motorway in Hampshire.

Sterling, 31, appeared at Basingstoke Magistrates’ Court on Tuesday and admitted dangerous driving as well as charges relating to the possession of nitrous oxide and failing to provide a specimen.

Crash on M3

The incident happened on May 28, 2026, when Sterling’s Lamborghini Urus crashed on the southbound M3 near the Minley Interchange.

Police said no other vehicles were involved and no injuries were reported. Sterling was subsequently charged after the crash.

The dangerous-driving charge covered his driving on several roads, including the M25, M3, A327 and Minley Road, before the collision.

Nitrous Oxide Charges

Sterling also admitted possessing six nitrous oxide canisters. The substance is classified as a Class C drug in the UK when possessed for wrongful inhalation.

He additionally pleaded guilty to failing to provide a specimen.

The court heard allegations about his driving before the crash, with witnesses describing erratic manoeuvres and sudden changes in speed.

Football Career

Sterling has enjoyed a distinguished career with Liverpool, Manchester City and Chelsea, while also spending time on loan at Arsenal and later playing for Dutch club Feyenoord.

He made 82 appearances for England and won four Premier League titles with Manchester City. Sterling is currently without a club following the expiry of his Feyenoord contract.

The court proceedings are expected to determine the consequences of his guilty pleas.

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AI Regulation Faces Political Deadlock as Calls Grow for Congress to Act

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WASHINGTON — Pressure is mounting on the U.S. Congress to establish stronger safeguards for artificial intelligence, but political divisions and uncertainty over how far regulation should go are making immediate action increasingly difficult.

The debate intensified this week after several prominent technology executives and AI researchers raised concerns about the potential risks of rapidly advancing systems. Their warnings have added momentum to calls for federal rules covering AI safety, cybersecurity, transparency and accountability.

Democrats Push for Urgent Action

Several Democratic lawmakers are urging Congress to move quickly, arguing that the pace of AI development is outstripping the government’s ability to oversee it.

Some lawmakers have proposed measures ranging from mandatory safety requirements to mechanisms that would allow humans to shut down advanced AI systems under certain circumstances. Senator Bernie Sanders has also backed legislation calling for a pause on the development of advanced AI and restrictions on superintelligence.

House Minority Leader Hakeem Jeffries has called for decisive action, while other lawmakers have suggested creating a dedicated congressional committee to examine AI risks and develop legislation.

Republicans Warn Against Overregulation

Republican leaders have generally taken a more cautious approach, emphasizing the need to protect U.S. technological leadership, particularly in competition with China.

House Speaker Mike Johnson has rejected calls for an emergency congressional intervention, arguing that lawmakers need to understand the technology before imposing sweeping rules. He has said AI companies should take greater responsibility for developing safety measures while Congress works toward a more carefully designed framework.

President Donald Trump has also dismissed warnings about catastrophic AI risks, describing concerns about AI destroying humanity as a “hoax” and arguing that extensive regulation could undermine American competitiveness.

Tech Industry Also Calls for Rules

The political debate has become more complicated because some major AI companies are themselves calling for stronger government oversight.

OpenAI recently urged the U.S. government to establish mandatory national safety standards for advanced AI systems, including independent assessments, cybersecurity measures and reporting requirements for serious incidents. The company argued that voluntary commitments alone may not be sufficient.

Other technology leaders have similarly warned that increasingly capable AI systems could pose significant security and safety risks, although there is disagreement within the industry over how those risks should be addressed.

States Move Ahead

With Congress struggling to reach agreement, individual states have continued developing their own AI regulations, creating a growing patchwork of rules across the country. The dispute over whether federal legislation should override state AI laws has become one of the central issues in the debate.

The lack of a comprehensive federal framework could leave companies facing different requirements depending on where they operate, while supporters of federal regulation argue that a national approach would provide greater consistency.

Uncertain Path Ahead

For now, major legislation appears unlikely to move quickly. The House is approaching a lengthy recess, while lawmakers remain divided over whether AI presents an immediate emergency or requires a slower, more deliberate regulatory process.

The growing pressure from lawmakers, technology executives and the public means AI regulation is unlikely to disappear from Washington’s agenda. The central political challenge, however, remains finding a balance between preventing serious risks and ensuring that regulation does not weaken U.S. innovation or its position in the global AI race.

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Save The Republic Demands Heads Roll Over Rising Drug Trafficking

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The Save the Republic pressure group, led by Kwesi Botchwey Esq, has raised alarm over what it describes as a disturbing rise in drug trafficking involving Ghana, demanding accountability from key state officials.

In a press conference held at the Ghana International Press Centre, the group insisted that recent cocaine seizures and arrests linked to Ghana risk damaging the country’s international reputation and turning it into a hub for illicit drug trafficking.

According to the group, several incidents since 2025 require urgent investigation. It cited an alleged March 2025 incident involving an aircraft reportedly arriving from Gran Canaria which was suspected to contain some amount of cocaine, the arrest of a man allegedly possessing 120 slabs of cocaine amounting to $150million around Cape Coast, and the reported seizure of 3.3 tonnes of cocaine at Pedu.

They also referenced reports of Ghanaian-linked drug arrests abroad, including an alleged June 18, 2026 arrest in Australia involving illicit drugs said to be worth about $208 million, as well as a cocaine seizure in France reportedly valued at $269 million.

The group claims cocaine seizures connected to Ghana since 2025 are collectively valued at about $976 million.
Against this backdrop, Save the Republic is demanding the resignation or removal of officials it believes should be held accountable, including the Interior Minister and heads of Customs, the Ghana Ports and Harbours Authority, the Narcotics Control Commission and other agencies responsible for securing the country’s entry and exit points.

The group further urged President John Dramani Mahama to treat the situation as a national security threat, warning that unchecked drug trafficking could fuel money laundering, terrorism financing and other forms of organised crime.

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Trump Dismisses AI Safety Fears as a ‘Hoax,’ Rejects Calls for Tighter Safeguards

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U.S. President Donald Trump has rejected growing calls for stronger government oversight of artificial intelligence, describing concerns about the technology’s potential dangers as a “hoax” and arguing that excessive regulation could weaken America’s position in the global AI race.

Trump made the comments as prominent technology executives and AI researchers increased pressure on Washington to introduce additional safeguards for increasingly powerful AI systems.

Trump backs continued AI development

Trump has argued that the United States must continue advancing artificial intelligence to maintain its technological and economic advantage over China.

He said the U.S. already has mechanisms capable of dealing with companies that misuse AI and suggested that strong presidential leadership is sufficient to provide the necessary oversight.

The president has also warned that slowing AI development could allow China to gain an advantage in a technology he considers strategically important to the American economy and national security.

Tech leaders push for safeguards

Trump’s position comes amid growing warnings from some of the industry’s leading figures.

Anthropic CEO Dario Amodei has called for regulations requiring independent safety assessments of the most advanced AI models. OpenAI CEO Sam Altman and xAI founder Elon Musk have also expressed support for greater coordination and measures to reduce risks associated with rapidly developing AI technology.

Some lawmakers are now considering legislation that could require AI companies to demonstrate that they are taking reasonable steps to prevent their systems from causing serious harm.

Political debate intensifies

The issue is increasingly becoming a political divide in Washington. Democrats are pushing for stronger federal safeguards, while Trump and several senior Republicans have questioned whether government intervention would do more harm than good.

Vice President JD Vance has also expressed skepticism about technology companies asking the government to regulate their own industry, arguing that the motivation behind such requests deserves scrutiny.

The debate comes as concerns grow over AI’s potential impact on cybersecurity, employment, misinformation and national security, alongside longer-term fears about highly autonomous systems.

For now, the Trump administration appears determined to prioritize rapid AI development and competition with China rather than impose broad new federal restrictions, setting the stage for a major policy battle in Washington over how much control governments should have over the technology.

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Oil Prices Rise as Saudi Pipeline Shutdown and New Attacks Raise Supply Fears

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Global oil prices moved higher on Tuesday as investors assessed the growing risk of disruptions to crude supplies following attacks on Saudi Arabian energy infrastructure and the shutdown of a key oil pipeline.

Brent crude futures rose by about 1.3% to $107.05 a barrel, while U.S. West Texas Intermediate gained around 1.5% to $102.92 a barrel in early trading. Both benchmarks had already advanced by more than 1% during the previous session.

The latest price increase comes after attacks damaged Saudi Arabia’s East-West Pipeline, an important route that allows the kingdom to transport crude to the Red Sea and avoid the Strait of Hormuz. The pipeline normally handles roughly 4 million barrels of oil per day, equivalent to around 4% of global oil supply.

Fresh attacks add to market anxiety

Concerns were intensified by new attacks carried out by Iran-backed Houthi forces in Yemen. The group launched missiles and drones at Saudi Arabia on Monday, targeting the Khamis Mushait military airbase in the south of the country, according to reports.

The attacks came as Gulf Arab states postponed planned discussions with Iran, raising concerns that diplomatic efforts to reduce tensions could be losing momentum.

The Strait of Hormuz is another major source of uncertainty. Vessel traffic through the strategic waterway has fallen sharply, with fewer than 10 commercial oil-related transits recorded per day over the weekend compared with a recent 10-day average of 14. The route previously carried roughly one-fifth of global oil supplies.

Pressure on Saudi exports

Saudi Arabia’s ability to maintain exports is now closely tied to how quickly the East-West Pipeline can return to service. Traders and buyers cited in reports said the kingdom could begin running short of crude available for export within days if the pipeline remains offline.

A prolonged shutdown could potentially remove as much as 4% of global oil supply, putting additional upward pressure on prices. Analysts say the duration of the outage will be a key factor for the market in the coming days.

The situation is also being watched closely because higher crude prices can feed into transportation, electricity and manufacturing costs, increasing inflationary pressure on economies around the world.

For now, oil markets remain highly sensitive to developments around Saudi Arabia, the Strait of Hormuz and the wider Middle East conflict. Any further damage to energy infrastructure—or signs that the pipeline and shipping routes will remain disrupted for an extended period—could trigger another significant rise in crude prices.

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