Chief Executive Officer of the Petroleum Hub Development Corporation, Dr.
Anthony Aubynn, has endorsed the transitional agreement between the Government of Ghana and Gold Fields Ghana Limited, describing it as a well-thought-out move that offers strategic benefits to the country.
On April 23, the government and Gold Fields reached an agreement on a transitional plan for the Damang Mine following the expiration of the company's 30-year mining lease on April 18.
Under the deal, Gold Fields' subsidiary, Abosso Goldfields Limited, will continue operations under a new 12-month mining lease, pending parliamentary ratification in May 2025.
