Blue Gold, operators of the Future Gold Resources (FGR) Mines at Bogoso, has strongly rejected the claims of termination of their mining lease by the Ministry of Lands and Natural Resources.
The company, in a statement issued on Wednesday, September 18, 2024, clarified that they have not received any formal communication regarding the purported termination.
The Ministry had earlier announced, through a press release, that the mining lease for FGR Bogoso Prestea Mines was terminated by the sector minister on September 3, 2024. However, Blue Gold has expressed its disagreement with the ministry’s position, stating that any grounds for termination would be “strongly disputed.”
The company also emphasized that until any disputes are resolved, the mining lease remains valid and legally binding. “While any such dispute is ongoing, the mining leases remain fully valid and the property of the company,” the statement read.
Blue Gold further reassured its employees at the Bogoso Prestea site to remain calm and continue their duties as the process of terminating a mining lease involves legal procedures designed to protect the interests of all stakeholders. The company remains committed to its operations at the mine, as demonstrated by its recent investments.
The termination process, according to Blue Gold, must follow due legal process, ensuring fairness and protecting both parties involved in the lease agreement.
The Ministry of Lands and Natural Resources has yet to respond to Blue Gold’s statement, leaving the future of the FGR Bogoso Prestea Mines lease in a state of uncertainty. “We wish to state that no such communication has been received by the company. Furthermore, we wish to state that the grounds for any such termination would be strongly disputed by the company,” portions of the statement cited by The High Street Journal read.
