Ghana seeks local bids for $1 billion revival of Gold Fields' Damang mine

By Maxwell Akalaare Adombila Reuters Tuesday, March 17, 2026 Ghana is assessing three bids from local investors to take ‌over Gold Fields' Damang gold mine, which requires up to $1 billion of investment to revive, the mining regulator told Reuters, nearly a year after the government seized control of ​the asset. Ghana, which is seeking to boost local ownership in its mining sector, ​rejected Johannesburg-based Gold Fields' lease‑renewal bid and took control of Damang mine in ⁠April, breaking with years of automatic extensions. ... Dispatch continues below ... ... ADVERTISEMENT ... Fisher Precious Metals offers great prices with personal service from a family team Family-owned and operated Fisher Precious Metals is a great low-cost source for precious metals -- coins, rounds, and bars. But we also get you the highest prices available when you sell your precious metals.   Expect a personal approach with Fisher Precious Metals. You can always speak directly with the owners within 24 hours if not immediately. We provide you a team you can get to know and call at any time to discuss your investments with no pressure to buy. Check our Google reviews to see what our clients have to say: https://g.page/FisherPreciousMetals?share Contact us at 1-800-390-8576 or [email protected] or visit us here: https://fisherpreciousmetals.com/ Authorities said the move followed the ​company's failure to declare verifiable reserves and formed part of a tougher push ​to ensure gold assets deliver greater value to Ghanaians. The South African miner was issued a 12-month lease to resume open-pit mining and establish reserves. ... ... For the remainder of the report: https://www.reuters.com/world/africa/ghana-weighs-local-bids-1-billion-revival-gold-fields-damang-mine-2026-03-17/ * * * Support GATA by purchasing Stuart Englert's "Rigged" "Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon: https://www.amazon.com/Rigged-Exposing-Largest-Financial%20-History/dp/1651405204/ref=sr_1_fkmr1_2?keywords=rugged+stuart+englert&qid=1579708888&sr=8-2-fkmr1 * * * Help keep GATA going: GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: http://www.gata.org To contribute to GATA, please visit: http://www.gata.org/node/16 Donations of $500 or more will entitle the donor to a 1-ounce silver round commemorating GATA's work: https://www.gata.org/sites/default/files/GATA-silver-round-front.png