This blog is managed by the content creator and not GhanaWeb, its affiliates, or employees. Advertising on this blog requires a minimum of GH₵50 a week. Contact the blog owner with any queries.
Ghanaian-owned mining firm Heath Goldfields Limited (HGL) is set to pour its first gold soon few months after taking over the Bogoso Prestea Mine.
The company is nearing completion of massive rehabilitation and dewatering works at the Bogoso-Prestea Mine, signaling a major comeback for one of Ghana’s most historic mining concessions.
According to the Managing Director, Mr. Patrick Appiah-Mensah, the company has so far invested over USD 75 million in preparatory and infrastructure works ahead of production.
The investment covers the refurbishment of key mining facilities, payment of outstanding workers’ wages, and settlement of legacy debts inherited from the former operator, Blue Gold FGR.
“We have made significant progress and are getting closer to pouring our first gold,” Mr. Appiah-Mensah disclosed. “This milestone will mark the true rebirth of the Bogoso-Prestea Mine.”
Mr Appiah disclosed this at a community mining consultative meeting held to brief stakeholders on the company’s operations and progress so far.
Since taking over operations, Heath Goldfields has paid GHC103 million in salary arrears owed to workers and cleared long-standing electricity debts that previously stalled production.
The company has also negotiated with government to address a USD 7 million mineral rights rent liability, demonstrating its commitment to financial responsibility and regulatory compliance.
Mr. Appiah-Mensah explained that the ongoing dewatering of the underground mine is almost complete, with about 10 million litres of water pumped daily after years of neglect under previous management.
Water levels, he said, have already been reduced by 75 feet, and the underground infrastructure is being refurbished for safe, sustainable production.
He revealed that under Phase One of its five-year development plan, the company will invest an additional USD 205 million into underground redevelopment and the establishment of a modern sulphide processing plant, targeting an annual production of 285,000 ounces of gold.
“Our work here is not just about restarting mining,” he noted. “It’s about rebuilding an entire ecosystem — creating jobs, restoring investor confidence, and empowering the community.”
Heath Goldfields stands out in Ghana’s mining sector as a 90% Ghanaian-owned and 100% Ghanaian-managed company, a fact Mr. Appiah-Mensah said underscores the firm’s commitment to local content and leadership in the industry.
“We are proving that Ghanaians have the technical expertise, financial discipline, and integrity to manage world-class mining operations,” he said. “When we pour our first gold, it will be a victory for local ownership and for Ghana.”
The Divisional Chief of Prestea Himan, Nana Nteboa Pra V, has praised the progress made by Heath Goldfields and expressed optimism that the mine’s revival will transform the local economy.
“Within this short period, Heath Goldfields has demonstrated real commitment. The community can already see progress where others failed,” he said during a recent inspection tour of the mine.
The chief said the people of Prestea are ready to fully support the company as it prepares to resume full-scale production.
“We have waited too long to see this mine work again. Now, there is renewed hope and confidence,” he added.
The Prestea Huni-Valley Municipal Chief Executive, Hon Matthew Ayeh commended Heath Goldfields for reviving the mine again saying “I am really impressed of what I am seeing today”.
He was hopeful this is going to boost development within the municipality.
