The managers of the mine Blue Gold Bogoso Prestea Limited raised red flags over the acquisition process alleging it was being yanked off the business for no apparent reason As of January 4 2025 the Economic and Organised Crime Office has imposed a freeze on the acquisition process halting further transactions between the companies
·Future Global Resources Limited FGRL and Blue Gold Holdings Limited BGHL have issued an urgent appeal to the government of Ghana over what they describe as the unlawful expropriation of their investments in the Bogoso Prestea Gold Mine Through their legal representatives Mayer Brown International LLP the investors allege significant breaches of
·Interestingly the Ghana Mineworkers Union GMWU of the Trade Union Congress Ghana has commended the government s decision to issue the mining leases of the Bogoso/Prestea Mines to Heath Goldfields Heath Goldfields took over the Bogoso Prestea Mines from Future Global Resources FGR owners of Blue Gold International in November
·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 mine based on the million ounces of measured and indicated
·The Bogoso Prestea operations are located in south western Ghana approximately 40km from the Wassa gold mine Recently production was delivered from the Bogoso Prestea open pits and the Prestea underground gold mine In the second half of 2018 Prestea became an underground focused operation and the open pit operations are now
·The Ghana Mineworkers Union joined the aggrieved staff with a series of picketing at the Ministry of Lands and Natural Resources that commenced in November 2023 in demands for a leadership change of the mine Accra September 2 2024 — Blue Gold Bogoso Prestea Limited the new owner of the Bogoso and Prestea gold mining leases
·Ghana Mine Workers Union is demanding the termination of the mining lease of Future Global Resources Ltd because the company lacks the finances to invest and operate the Bogoso Prestea gold mine
·Ghana s gold mining sector is witnessing a significant transformation as Blue Gold Bogoso Prestea Limited a subsidiary of the Gerald Group one of the world s largest independent commodity trading companies takes over the operations of the Bogoso and Prestea mines This acquisition marks a pivotal moment for the mines which have long
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