HomeMining/Natural ResourcesGerald Group Takes Over Bogoso and Prestea Mines as Blue Gold Bogoso Prestea Limited
Mining/Natural Resources

Gerald Group Takes Over Bogoso and Prestea Mines as Blue Gold Bogoso Prestea Limited

Investmenttimesno commentBlue Gold Bogoso Prestea LimitedGerald Group
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Gerald Group, one of the world’s oldest and largest independent commodity trading companies, has assumed control of the Bogoso and Prestea mines, now operating under the name Blue Gold Bogoso Prestea Limited.

This transition follows the company’s acquisition of the mines from Future Global Resources (FGR) after significant unrest in December 2023. The unrest was driven by aggrieved staff who demanded new ownership, citing inefficiency and mismanagement under FGR.

In a statement dated September 2, Blue Gold Bogoso Prestea Limited announced that “over 200 staff resumed work in August, and the company will continue to expand the number of workers on site during September and October.”

The Ghana Mineworkers’ Union had supported the disgruntled staff, organizing a series of pickets at the Ministry of Lands and Natural Resources starting in November 2023 to demand a leadership change at the mines.

This takeover is part of a strategic partnership with an $8 billion turnover projected over the next 18 years.

Tags :Blue Gold Bogoso Prestea LimitedGerald Group
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