Damang Gold Mine to set aside portion of gold output for community development

Damang Gold Mine Ltd has announced that it will reserve a portion of its gold production to fund development projects in the communities where the mine operates. Community Relations Manager Rammy Oboro revealed that the fund will be built up over a period of three years before it is decided which projects will receive the financial assistance. The communities affected by the mine's activities have been informed of the share of the fund that they will receive, depending on the level of impact the mine has on each area.

Oboro explained that the fund will be established to ensure that the communities benefit directly from the mine's operations. The company and traditional leaders will jointly identify and prioritize projects for implementation after the fund has accumulated for three years. The company plans to award contracts to individuals from the host communities, ensuring that the economic benefits of the projects remain within the local areas.

This initiative is part of the changes introduced following the new management, with the Managing Director instructing the Community Relations team to ensure proper implementation of corporate social responsibility commitments.

A forum with stakeholders resulted in an agreement for 60% of the mine's workforce to be drawn from host communities, with the remaining 40% available to other Ghanaians. The communities identified as part of the mine's catchment area include Subri, Damang, Kyekyewere, Huni Valley, Amoanda, Koduakrom, Bompraasu, Twenda, Aboso, and Mile 4 Nyamebekyere.

A sub-community within Huni Valley is also included in the areas with which the company engages. Damang Gold Mine remains committed to strengthening relations with its host communities and ensuring that the operations translate into tangible development benefits for the residents.