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Ghana Mine Workers Union is demanding the termination of the mining lease of Future Global Resources Ltd. because the company lacks the finances to invest and operate the Bogoso-Prestea gold mine it
“Since FGR took over the business in 2020 it hasn’t invested anything in the business and clearly it has brought the business to its knees,” Gbana said. “Since December mining activity has been at standstill after the state energy producer cut supply to the mine for nonpayment of bills,” he said. The company owes millions of dollars to mainly local suppliers and vendors, and workers have virtually been out of work in the past four months, he said. The mine, which was producing 150,000 ounces of gold a year prior to acquisition, now struggles to turn out 60% of that, he said.
“We take the view that the inability of FGR to invest into the business and thus the untold hardship that our members continue to go through, are what are accounting for our decision to embark on this demonstration,” Gbana said. “We want to bring to the attention of the government that FGR has not been able to comply with the dictates of the lease and for that matter the mining lease should be terminated so that the mine can be put on sale.
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