The Executive Director of the Africa Centre for Energy Policy (ACEP), Ben Boakye, has warned that government's handling of the Gold Fields lease standoff at the Damang Mine could damage investor confidence and trigger international arbitration.
The government's decision not to renew AGL's mining lease, which is set to expire on April 18, 2025, has led to directives for the company to cease operations and vacate the site.
Speaking on Eyewitness News on Thursday, April 17, Mr.
Boakye confirmed that Gold Fields has formally notified government of its intention to invoke provisions under the mining agreement - a move that could pave the way for arbitration if not properly managed. "They have invoked that and they actually informed the government.
