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…asserts media misinterpretation of procedural ruling, highlights path forward in Bogoso-Prestea Mine dispute
Blue Gold Limited (Nasdaq: BGL), a next-generation gold development and technology company, has issued a statement addressing what it calls deliberate misinformation in recent media coverage regarding a Supreme Court of Ghana ruling related to the Bogoso-Prestea Mine.
In a press release dated November 21, 2025, the company clarified that the Supreme Court’s decision on November 18 was not a ruling on the merits of its case, but rather a procedural response.
The court dismissed an order for certiorari filed by FGR Bogoso Prestea Ltd. and Blue Gold Bogoso Prestea Ltd., a subsidiary of Blue Gold, stating that this specific legal remedy was not appropriate in this instance.
“The recent ruling was not on the merits of Blue Gold’s claim,” the company stated, explaining that the Supreme Court was addressing whether the High Court had correctly denied itself jurisdiction in an earlier application for judicial review.
Despite this setback, Blue Gold confirmed that the core issue will now be considered by the Court of Appeal. Should the company succeed there, the case will return to the High Court to be heard on its merits.
The legal battle is multi-faceted. Beyond this specific appeal, Blue Gold has a second Judicial Review appeal pending at the Court of Appeal, as well as a separate Human Rights claim and an injunction application scheduled for a hearing in the High Court on December 18, 2025.
In a significant escalation of the dispute, Blue Gold also revealed that an international arbitration proceeding against the Republic of Ghana is underway.
This action is being pursued under the UK-Ghana Bilateral Investment Treaty, with the company and its partner, FGR, seeking damages estimated to be “substantially in excess of $1 billion.”
Despite the active litigation and arbitration, Blue Gold emphasized that its preferred path remains a negotiated settlement. The company stated it has “set aside funds that could be immediately injected into the mine should an agreement be reached,” signaling a commitment to resolving the dispute amicably and revitalizing the mining operation.
The clarification from Blue Gold aims to reframe the narrative around the Supreme Court’s decision, assuring stakeholders that the legal process is far from over and that multiple avenues for recourse remain active, both within Ghana’s judicial system and on the international stage.
The post Blue Gold clarifies Ghana Supreme Court ruling, emphasizes ongoing legal and Alarbitration efforts appeared first on The Herald ghana.
