A Ghana mine collapse has created widespread shock throughout the world starting from unpaid West African workers up to influential British political and financial leaders. The Bogoso-Prestea mine in Ghana operated as a successful gold mine that produced 4000 ounces monthly until London-based Blue International purchased it in 2020 for $95 million during the gold price surge. The acquisition received backing from British political figures and used Future Fund taxpayer money to fund the deal which promised financial success.
By 2024 the operations at the mine had completely stopped. The miners received no payment while local suppliers were left without support and the Ghanaian government took away Blue’s mining rights. The Ashanti region experienced both street protests and community breakdown because of the failed venture which operated through Future Global Resources.
The UK became involved in the crisis when Devonport Capital faced financial collapse because of its royal connection through co-founder Thomas Kingston who took his own life during the first months of 2024. The collapse of Blue International under unpaid debts from Devonport Capital exposed £49 million of creditor funds including public funds owed to HMRC.
The lease remains unretrieved by Ghana even though Blue Gold now operates as a US Nasdaq-listed company. The Ghana mine’s golden promise has vanished into dust for all parties including workers and investors and taxpayers who are involved in ongoing legal disputes.
