Heath Goldfields To Invest $500m In Bogoso-Prestea Gold Mine Over The Next 10 Years

The management of Heath Goldfields has announced plans to inject a whopping $500m in the next ten years into the operations of the Bogoso–Prestea mine. As part of the strategy, $135m will be invested in the first year of operation and out of this amount, $35 million had already been used to procure the state-of-the-art mining fleet.

The fleet, comprising Komatsu 785 haul trucks, excavators, dozers and loaders, has been deployed through a strategic partnership with Fridoug Company Limited, a Ghanaian local contractor, underscoring the company’s strong commitment to local content and participation in the mining value chain.

According to a statement issued by the mining giants, the aim of this huge investment is to restore the mine to sustainable production, improve operational efficiency, and also ensure safe and reliable mining activities.

“This development reflects our readiness to make the necessary investments to reposition Bogoso–Prestea as a modern, competitive and sustainable mining operation,” the company noted.

Beyond operational gains, the collaboration with Fridoug is expected to drive job creation, enhance skills development and stimulate economic activity within host communities.

Industry analysts say the scale of the planned investment signals renewed confidence in the mine’s recovery prospects and highlights the growing role of Ghanaian contractors in large-scale mining operations.

Heath Goldfields reaffirmed its commitment to responsible and sustainable mining, emphasizing its focus on delivering long-term value to stakeholders while contributing meaningfully to Ghana’s gold production.

 

 

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