Ghana is accelerating its push for resource nationalism by reclaiming control of the Damang gold mine in the Western Region, which was operated by South Africa’s Gold Fields for 30 years. The government seized the mine in April last year after rejecting a lease renewal, citing failure to declare verifiable reserves. Three local bidders are being considered, with Ibrahim Mahama’s Engineers and Planners firm the frontrunner, having worked at Damang for 25 years and secured over $200 million in financing. New mining rules, higher royalties, and local content requirements aim to boost Ghanaian revenue, though foreign governments warn of higher costs. The decision could set a precedent for African nations reclaiming natural resources.
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Ghana Gold Mine Takeover | Damang Gold Mine News | Ghana Resource Nationalism | Gold Fields Ghana Exit | Ghana Mining Policy Changes | Firstpost Africa | Alyson Le Grange | Africa | Global South | Geopolitics | Military Coup | Environment | Climate Change | Firstpost | News Live | World News | Latest News | Global News | International News | News | Trending News
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That’s the only way! We must nationalize all our resources
Royalties and taxes combined should be at least 55% to 75% like Norway does with their oil royalties and taxes combined
Its our lands and we sole must rake its high rewards, destroying our environmental soil.. We can't receive peanut profits. We must develop our Nation… They've profited for years without building roads schools, hospitals… We need the money to do alal that
That guy is doing it for his brother, Ibrahim Mahama but not in genuine national interest..
He has already twisted the hands of one legit owner of Black Volta (Azumah mines) and given it to his brother (same Ibrahim Mahama)..whilst at the same time trying all means to collapse another Ghanaian mines (Akonta mining) via witch hunting.., causing the owner to be in court literally every 3 days..
He wants all the riches and mineral resources in Ghana to go to himself and his family..
Ghana is indeed doing things right.
No such a thing as resource nationalism especially when your currency is foreign own shameful people
Yes all Africa should take all that is from African. No more this stupid billionaires to control what's from the people.
Why used the word seized for something we decided not to renew the contract. You're English and must understand English, shameless propagandists
aren't resources naturally nationalized?
the biggest rip off in human history. someone takes your asset and gives you 5%!! 5%!
What in Gods name do you mean by seize? Propaganda topic
So if your renting period is due it's called seizing ? Naa you don't have permit
not accurate info lady
Long live Mahama
The Mine has not seized, Goldfields continue to run the until the end of their lease period.
Mrs. News reporter, what would you do if I came to your shop to buy a wholesale of shoes and refused to leave, I decided to request all your stuck with force or you have to accept 1% per product. What would you do?
Maybe you could answer these questions? Those days are over.
👏🏿💪🏿✊🏿👍🏿🫶🏿🙌🏿🙏🏿
Thanks to The Video !
THE TRUTH IS MAHAMA HAS TAKEN THE MINES FOR HIS BROTHER. OTHER WELL QUALIFIED GHANAIANS OVERLOOKED.
Africa, this is the right way to go.