Heath Goldfields Ltd. says it is ready to reposition the Bogoso-Prestea Gold Mine as a world-class operation, backing that commitment with a $135 million investment earmarked for its first year of operations.
“This development reflects our readiness to make the necessary investments to reposition Bogoso-Prestea as a modern, competitive and sustainable mining operation,” the company said in a statement.
Central to that investment is the arrival of a $35 million heavy-duty mining fleet, comprising Komatsu 785 haul trucks, excavators, dozers and loaders equipment the company says, which will be critical to restoring safe, efficient and reliable operations at the Western Region mine.
The fleet has been deployed through a strategic partnership with Fridoug Company Limited, a Ghanaian local contractor, in what Heath Goldfields describes as a deliberate effort to embed local content and local participation at the heart of its operations.
The arrangement is expected to go beyond equipment deployment.
Management says the collaboration with Fridoug will drive job creation, enhance skills development and generate broader economic activity within host communities.
The $35 million fleet deployment forms part of a broader, phased investment strategy, with the company targeting a total of $500 million over ten years.
Management says the funds will be directed at restoring the mine to sustainable production, improving operational efficiency and ensuring that mining activities meet modern safety standards.
The Bogoso-Prestea belt, located in the Prestea Huni-Valley district of the Western Region, has historically been one of Ghana’s significant gold-producing corridors, but has faced years of operational setbacks and ownership turbulence.
Heath Goldfields reaffirmed its commitment to responsible and sustainable mining, saying it remains focused on delivering long-term value to all stakeholders while making a meaningful contribution to Ghana’s gold production output.
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Source: www.myjoyonline.com
