Business News of Friday, 21 November 2025

Source: www.ghanaweb.com

Heath Goldfields finally secures Bogoso-Prestea Mine

A five-member panel of the Court ruled that the application for certiorari lacked merit A five-member panel of the Court ruled that the application for certiorari lacked merit

The long-running legal battle over the Bogoso-Prestea Mine has come to an end after the Supreme Court of Ghana, on Tuesday, November 18, 2025, dismissed an application filed by Future Global Resources Ltd. (FGR) and Blue Gold Bogoso Prestea Limited.

A five-member panel of the Court, presided over by Justice Amadu Tanko JSC, ruled that the application for certiorari lacked merit.

This closed the chapter on FGR and Blue Gold’s bid to reclaim the mine.

The applicants had sought to overturn a High Court decision from March 20, 2025, which had already dismissed their challenge to the transfer of the mine to Heath Goldfields Ltd.

“Having reviewed all the processes filed, we do not think this application has any merit in law. We consequently do not invite the interested parties to respond. The application is accordingly dismissed,” the Court declared.

The dispute dates back to September 2024, when the then Minister of Lands and Natural Resources terminated the mining rights of FGR and Blue Gold, citing repeated breaches of contractual obligations.

The rights were subsequently reassigned to Heath Goldfields Ltd., sparking months of litigation and uncertainty for workers and the local community.

Former Bogoso-Prestea Mine workers cry out over delayed payments

In a statement following the judgment, Heath Goldfields described the dismissed application as “unmeritorious” and said the ruling affirms the legal soundness of its acquisition.

The company pledged to focus on responsible operations, national economic development, and community investment.

“We remain committed to operating the Bogoso-Prestea Mine with transparency and integrity, while supporting host communities and contributing to Ghana’s growth,” Heath Goldfields said.

For residents and workers in Prestea-Bogoso, the ruling brings clarity after more than a year of uncertainty.

Former workers of the mine may also heave a sigh of relief with the hope that their locked-up cash will be paid soon.

This victory for Heath Goldfields comes after ex-workers lamented the hardship caused by unpaid entitlements and unresolved operational challenges.

Convenor of the group, Gabriel Madobi, noted that families continue to struggle to afford food, education, and healthcare, while some former employees have died without receiving what was lawfully owed to them.

SA/MA