https://www.miningweekly.com
Engineers & Planners|Gold Fields|Ghana|South Africa|Damang Mine|Tarkwa Gold Mine|Gold Mining
|||
engineers-planners|gold-fields|ghana|south-africa|damang-mine|tarkwa-gold-mine|gold-mining

Gold Fields files Tarkwa gold lease proposal with Ghana government

27th July 2026

By: Reuters

  

Font size: - +

DAKAR - Gold Fields submitted a "lease-renewal proposal" to Ghana this month for its Tarkwa gold mine, the company said on Monday.

The South African miner seeks to secure the long-term future of one of its biggest mining operations.

The ​lease for Tarkwa — a cornerstone asset ​for the South African miner that produced about 427 000 oz of gold in 2025 — ​expires in 2027.

The company lost control of its smaller Damang mine in April after Ghana's government declined to renew its mining lease, breaking with a longstanding practice of routinely extending permits for existing operators. The asset was subsequently awarded to local contractor Engineers & Planners (E&P), which has since begun production.

Some civil society groups and traditional leaders have called on the government - which has been implementing reforms aimed at boosting state revenue - to give the Tarkwa mine to locals, though officials have repeatedly said they remain committed to renewing the lease.

Ghana's mines ministry did not immediately respond to a request for comment.

Gold Fields said its proposal sought to boost local participation, expand community benefits and procurement opportunities, and increase the mine's long-term economic contribution. Gold Fields submitted a formal lease renewal application in November 2025 and is awaiting a government decision, it added.

The company said its financial strength, technical expertise and capacity to fund major reinvestment and mine-life-extension projects make it best placed to lead Tarkwa through its next phase. It added that continued operatorship would safeguard jobs, support local suppliers and sustain government revenues.

Edited by Reuters

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Monitor Distributors
Monitor Distributors

We at Hawk High Pressure Pumps specialise in industrial pumps and pumping systems. Our high pressure washing equipment is locally manufactured and...

VISIT SHOWROOM 
ABB Electrification
ABB Electrification

Electrifying the world in a safe, smart, and sustainable way, ABB Electrification is a global technology leader in electrical distribution and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

On-The-Air (09/10/2026)
On-The-Air (09/10/2026)
9th October 2026 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

➕

➕

➕

➕

➕

RESEARCH CHANNEL AFRICA

SUBSCRIBE

➕

➕

➕

➕

➕

➕

➕

➕

➕

➕

CORPORATE PACKAGES

CLICK FOR A QUOTATION

➕

➕







sq:0.038 0.059s - 115pq - 2rq
Subscribe Now