Trafigura Signs Offtake Agreement with Heath Goldfields for Ghana Gold Mine
Trafigura's offtake agreement with Heath Goldfields for 700,000 ounces of gold enhances financing for the Bogoso-Prestea Gold Mine. This trend of using offtake agreements in Africa's mining sector is critical for securing capital and reducing production risks, potentially unlocking the continent's $8.5 trillion mineral wealth.
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In April 2026, Trafigura signed a significant offtake agreement with Ghana's Heath Goldfields to purchase approximately 700,000 ounces of gold from the Bogoso-Prestea Gold Mine. This agreement aims to provide commercial certainty and improve financing conditions for the project, addressing access to capital issues.
Across Africa, offtake agreements are becoming essential for securing funding and advancing production in the mineral sector, which is valued at $8.5 trillion. Similar agreements, such as Trafigura's partnership with FG Gold Limited in Sierra Leone, are facilitating financial closure for key mining projects.
In Madagascar, NextSource Materials extended its agreement with Mitsubishi Chemical for graphite supply, supporting long-term demand and financing. Bannerman Energy's agreements for uranium from its Etango project enhance revenue visibility.
These trends indicate a shift in mining finance, making offtake agreements vital for project development and risk management, particularly in South Africa and the Democratic Republic of Congo. The upcoming African Mining Week will focus on scaling these financing models.
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