Ghana government takes control of Damang mine operated by Gold Fields
Ghana has assumed operational control of Gold Fields' Damang mine after it rejected an application from the South African company to renew its lease, the government said on Wednesday, breaking a tradition of automatically renewing licenses and calling it a critical step in the country's "economic reset." Johannesburg-based Gold Fields said on Monday that it had unsuccessfully applied to extend the Damang lease, which is due to expire on April 18, and was winding down operations as a result.
Ghana has assumed operational control of Gold Fields' Damang mine after it rejected an application from the South African company to renew its lease, the government said on Wednesday, breaking a tradition of automatically renewing licenses and calling it a critical step in the country's "economic reset." Johannesburg-based Gold Fields said on Monday that it had unsuccessfully applied to extend the Damang lease, which is due to expire on April 18, and was winding down operations as a result.
