We will explore all options including legal on Tarkwa mine lease renewal – Gold Fields

An Accra High Court has ordered Abosso Goldfields Limited which many of us refer to as Gold Fields to provide a US$60 million bank guarantee to secure any eventual arbitral award that may be made in favour of Engineers & Planners Company Limited, in a significant ruling arising from a mining-services dispute whose underlying claim exceeds US$100 million.

Arbitration Hearing with E&POn the arbitration hearing between Gold Fields and Engineers & Planners Company Limited, which an Accra High Court has ordered Gold Fields, to provide US$60 million bank guarantee, the Group Chief Executive, noted that it finds the ruling interesting and surprising.

The Group CEO of Gold Fields disclosed that this plan to alert their investors on the options available when it comes to the lease agreement for the Takwa mines in Ghana.