Under the name Blue Gold Bogoso Prestea Limited, the Gerald Group, one of the biggest and oldest independent commodity trading firms in the world, has assumed control of the Bogoso and Prestea mining operations. Future Global Resources (FGR) lost control of the mine operations to Blue Gold Bogoso Prestea Limited in December 2023 as a result of unrest by disgruntled employees who called for a change in ownership due to incompetence and poor management.
Blue Gold Bogoso Prestea Limited said in a statement on September 2 “Over 200 staff resumed work in August and the company will continue to expand the number of workers on site during September and October,” In November 2023, the Ghana Mineworkers’ Union began a series of picketing at the Ministry of Lands and Natural Resources with the irate employees, demanding a change in the mine’s leadership. The mines acquisition is a component of a strategic alliance that will generate $8 billion in revenue over the following 18 years.
SOURCE: https://dew360.net
Join our WhatsApp channel: https://whatsapp.com/channel/0029VakDz4u9RZATWh53yC1a
Below is the full statement.
