Blue Gold Bogoso Prestea Limited Restarts Bogoso and Prestea Mine Operations
Blue Gold Bogoso Prestea Limited, the new owner of the Bogoso and Prestea gold mining leases, has restarted operations at the mine following a period of care and maintenance. Underground mining activities and dewatering have commenced, with over 200 staff resuming work in August. The company plans to expand the workforce during September and October. The decision to restart the mine coincides with the conclusion of a strategic partnership and funding with global metal and mining company, Gerald Group.
Key Takeaways:
- Blue Gold Bogoso Prestea Limited has restarted operations at the Bogoso and Prestea mine after a period of care and maintenance.
- Underground mining activities and dewatering have commenced, with 200+ staff resuming work in August.
- The company plans to expand the workforce during September and October.
- Gerald Group, a global metal and mining company, has partnered with Blue Gold Bogoso Prestea Limited to increase resilience and throughput capacity of the processing plant and underground operations.
- The Bogoso and Prestea gold mines are among Ghana's oldest and largest mining concessions, with an estimated 18-year life of mine based on 5.1 million ounces of measured and indicated resources.
Key Names and Organizations:
- Blue Gold Bogoso Prestea Limited
- Gerald Group
- FGR Bogoso Prestea Limited
- Knight Piesold (engineer of record)
- Gerald Group Holdings (parent company)
Statistics:
- 200+ staff resumed work in August
- 9km of access roads has been prepared for the commencement of the tailings lift
- US$8 billion annual turnover of Gerald Group
- 18 offices across 40 countries operated by Gerald Group
- 3 mines in West and Central Africa operated by Gerald Group
Sources:
- "Blue Gold Bogoso Prestea resumes operations at Bogoso, Prestea mine"
- "Ghana Business News"