This follows the unsuccessful renewal application by AGL, a subsidiary of Gold Fields Limited, which had halted active mining in 2023. AGL shifted to stockpile processing in 2024, indicating plans to continue this into 2025, with the remaining Life of Mine estimated by AGL at one year. The Damang Mine's return to state oversight marks a critical step in Ghana's economic reset, ensuring its gold reserves directly benefit citizens and fuel long-term prosperity, the Ministry of Lands and Natural Resources said in a recent press statement, adding that "This decision aligns with Government's policy shift away from the neo-colonial posturing of automatic renewals of licenses for mining in Ghana, focusing instead on a thorough reassessment of mining licenses to ensure optimal national benefit."