Business News of Tuesday, 3 September 2024

Source: www.ghanaweb.com

There's no $8 billion investment in Bogoso and Prestea mine - Future Global Resources workers

Some aggrieved staff of Future Global Resources Limited Some aggrieved staff of Future Global Resources Limited

The Workers Union of Future Global Resources is calling on the Minister of Lands and Natural Resources, Samuel Abu Jinapor, and the Mineral’s Commission to immediately resolve their grievances.

Their call follows a press release by Blue Gold on September 2, 2024, announcing the restart of the Bogoso and Prestea mine, claiming a strategic partnership with Gerald Group worth $8 billion.

The staff have vehemently kicked against the the announcement.

The Minister and the Minerals Commission are being urged by the Union to step in and resolve the contradictions in Blue Gold's statement, which the Union regards as deceptive.

Chairman of the Senior Staff Union, Edward Arhin, stated, “We reject the malicious statements attributed to us by Blue Hood, a source we do not trust," he is quoted as saying in a report by citinewsroom.com.

He underlined that the Mineral Commission refuted the allegation of care and maintenance in January, proving it to be untrue. Union leaders also contest the $8 billion investment projection, pointing to earlier broken commitments such as the Perception Capital Four agreement.

Arhin drew attention to the company's violation of conditional approval and failure to pay employees' tier 2 and tier 3 pension benefits.

"We will not accept these false statements," he said, pressing the Minister to act. The mine is not running as it is stated to be. With the twenty-four-level floods, our technique necessitates pumping from numerous levels, but only six levels are now operational.

Arhin urged journalists to look into the situation and present the facts.

KA