Mining company FGR/Blue Gold has accused the Minerals Commission and the Ministry of Lands and Natural Resources of unlawfully transferring ownership of the Bogoso-Prestea Mine to Heath Goldfields Limited without adhering to due process.
At a press briefing on Saturday, October 4, 2025, the company’s Acting Managing Director, Yiadom Boakye Amponsah, argued that the decision was unfair and premature since FGR/Blue Gold was still the lawful leaseholder when the transfer occurred.
He explained that the government revoked the company’s mining lease in September 2024, after which Heath Goldfields, a firm incorporated earlier that year, was permitted to assume control of the concession.
Mr. Amponsah alleged that the Minerals Commission violated established legal procedures and failed to offer his company a fair hearing before authorizing Heath Goldfields to move onto the mine site in November 2024.
He recalled that FGR/Blue Gold had previously received conditional approval from the ministry to restructure its operations but described the 120-day compliance period as unrealistic.
“We were in the process of raising a $150 million bond to clear debts and pay workers, while also awaiting operating permits the ministry had promised to help us secure. Unfortunately, those commitments were not fulfilled. Yet, after the 120 days expired, they claimed we had failed to meet the conditions,” he said.
The acting MD also rejected financial reports suggesting the company owed the Minerals Commission, insisting that internal reconciliations indicated otherwise.
“We were denied access to our assets without proper engagement. Our plants are still on site, and Heath Goldfields has been allowed to operate with those assets. That, in our view, amounts to institutional galamsey,” he stated.
Mr. Amponsah further disclosed that FGR/Blue Gold has secured an additional US$80 million to revive the mine and clear all outstanding liabilities.
He appealed to the government to restore the company’s lease, emphasizing that doing so would allow it to resume full operations and meet its financial obligations.
“We are ready to restart the Bogoso-Prestea Mine, settle our debts, and bring back stability to the community. All we ask for is fairness and the opportunity to complete what we started,” he concluded.
Source: Adomonline
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