· The Bogoso Prestea mine has a proud history dating back to 1912, during which time it has produced over 9m ounces of gold. However, since 2017, it has been suffering from declining performance, racking up over $200 million of losses, much of which is owed to local suppliers, government agencies and its workforce.
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· The Police in Bogoso, in the Western Region, have arrested two robbery suspects for attacking a mining company in the area. The suspects, Derrick Kwabena and Daniel Ofori alias Denotobe, in the company of six others currently on the run, attacked the mining company and some Police Officers on duty at the site. The Police responded
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· The mining company abandoned numerous pits that had engulfed the inhabitants during the rainy season, so what the locals are witnessing on the ground is very different. Unresolved disputes Golden Star Resources had encountered numerous problems with employees since taking over the Bogoso-Prestea Mine in 1999.
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· On 27 th July 2020, and about two years after LaMancha took over the control of GSR, the CEO announced the preconceived ultimate pre-acquisition plan for the sale of Bogoso Prestea Mine – and to no other mining firm but a fly-by-night company formed 8-months prior with no mining experience anywhere in the world.
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· Future Global Resources. Staff, excluding Managers of mining firm, Future Global Resources Bogoso Prestea Limited have been on a sit-down strike for some days now. The action by the senior and junior staff of the company is to drum home their demands which the company had earlier in September agreed to honour.
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· by Akwasi Agyei Annim. October 18, 2023. Reading Time: 3 mins read. Workers of Future Global Resources Bogoso Prestea, a mining company in the Western Region, have embarked on an indefinite sit-down strike over unpaid Social Security deductions and other outstanding statutory payments, leading to a halt in most of the
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· In their 2020 Q3 report, GSR then published that ‘the Bogoso-Prestea disposal removed US$24m of negative working capital and a $53m rehabilitation provision from the Company's balance sheet.
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Bogoso Prestea Gold Mine in the prolific Ashanti gold belt in Ghana, has been operational since 1912, and is one of the largest and most famous gold mines in Ghana. The mine
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· Global Mining Review , Monday, 27 July 2020 11:35. Advertisement. Golden Star Resources Ltd has recently announced that it has entered into a binding agreement for the sale of its 90% interest in the Bogoso-Prestea Gold Mine in Ghana to Future Global Resources Ltd (FGR) for a purchase price of up to US$95 million (the
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· Population. From the 2010 Population and Housing Census, the Prestea Huni-valley District has the second highest population in the Western region of Ghana with a total of 159,304 people. The District’s population comprised of 80,493 (50.5%) and 78,811 (49.5%) of male and females respectively. The District is predominantly rural and has its
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· Traditional leaders in the Prestea Huni-Valley Municipality of the Western Region are up in arms against the new owners of the Bogoso Prestea mine, Future Global Resources (FGR) for failing to
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· In August 2018, La Mancha purchased 30% shares of GSR amounting to US$125.7 million declaring this was a strategic plan to revamp Prestea Underground mine and to help accelerate the development of
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February 6, 2024. Reading Time: 2 mins read. The Ghana Mineworkers’ Union of TUC has urged the government to expedite the decision-making process regarding the takeover of the Bogoso-Prestea Mine in the Western Region from Future Global Resources (FGR), previously known as Golden Star Resources Limited, to potential investors.
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July 17, 2023. Reading Time: 3 mins read. Future Global Resources Bogoso Prestea Limited, a gold mining company in the Prestea Huni Valley Municipality of the Western Region, has denied releasing any portion of its concession for a community mining project in Bogoso. The denial by the mining firm follows last week’s confusion started by some
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· President Nana Akufo-Addo has expressed sadness about an explosion at Appiatse near Bogoso in the Western Region that resulted in the death of many residents. While consoling the bereaved families, he extended wishes of speedy recovery to the injured. In a series of tweets sighted by YEN.com.gh, the president said, he had received
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· The potential collapse of the Bogoso-Prestea Mines could have severe consequences, including increased unemployment and a loss of revenue for both landowners and the government. The plea for urgent intervention underscores the mine’s historical significance and integral role in Ghana’s economic development.
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· The Ghana Police Service, have arrested two persons believed to be suspects for attacking a mining company at Bogoso in the Western Region. According to the Police, the suspects, Derrick Kwabena and Daniel Ofori alias Denotobe, in the company of six others currently on the run, attacked the mining company and some Police
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· The workers say the mine has not seen any investment since Future Global Resources took over in 2020. General Secretary of the Senior Staff Union of FGR Bogoso-Prestea Mines, Samuel Kumi Manu, in an interview, said management of the company has failed woefully. “Since FGR took over, the mine was in debt of over $30 million but as we
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· Government through the Ministry of Lands and Natural Resources, has given managers of the Bogoso and Prestea Mines, Future Global Resources (FGR), fourteen (14) days to commence payment of salaries owed to workers. The Ministry said FGR must also complete the payment of all outstanding salaries no later than May 30,
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· US$500 million capital investment into the Obuasi Mine in 2018. But Golden Star Bogoso Prestea Limited (GSBPL) recent sale to Future Global Resources (FGR), is raising more issues than expected
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About Us. Wassa is located in south-western Ghana. Golden Star commenced production from the surface operation at Wassa in 2005 and commercial production was achieved at Wassa Underground on January
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Blue International Holdings formed Future Global Resources (FGR) in 2020 as a wholly owned subsidiary to acquire high quality long-term mining assets in sub Saharan Africa. In October 2020 it acquired the gold producing Bogoso Prestea Gold Mine in the Ashanti gold belt in Ghana. FGR owns 90% of the project, with the Government of Ghana holding
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Caystar Finance Co. (a wholly-owned subsidiary of Golden Star) and RGLD Gold AG (an affiliate of Royal Gold, Inc.) have restructured the streaming agreement covering the
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Caystar Finance Co. (a wholly-owned subsidiary of Golden Star) and RGLD Gold AG (an affiliate of Royal Gold, Inc.) are parties to a streaming agreement covering the Wassa and Bogoso-Prestea mines. Golden Star, FGR and RGLD Gold AG are in advanced
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About Us. Wassa is located in south-western Ghana. Golden Star commenced production from the surface operation at Wassa in 2005 and commercial production was achieved at Wassa Underground on January 1, 2017. In early 2018 Wassa transitioned into an underground-focused operation. Thanks to the scale of the historical open pit mining
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· In January 2024, the Company submitted a proposal to restructure the Company, and raise up to $150 million to pay its creditors and bring the Mine back to life. After several consultations, the Government thought that if the Company can raise the capital and inject it into the mine, it will be the most efficient way of revamping the Mine
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21 January 2022. Footage captures aftermath of deadly Ghana blast. At least 13 people have been killed in a huge explosion near a mining town in south-western Ghana, officials say. A truck
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17. FGR Bogoso Prestea Mine | 330 followers on LinkedIn. To Develop, Own and Operate Gold Mining Assets that Guarantees Shared Benefits with Stakeholders | Vision To See
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· Check out the list of mining companies in Ghana below. 1. Abosso Goldfields Limited. Mineral type: Gold. Mine location: Damang. Website: www.goldfields.com. Abosso Goldfields Limited is a fully registered firm that owns and operates the Damang Gold Mine. The government owns a 10% stake in the firm.
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· The Bogoso Prestea mine has a proud history dating back to 1912, during which time it produced over 9 million ounces of gold. According to FGR, since 2017, the mine “has been suffering from
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