Minerals Commission suspends reconnaissance license of Gold Coast GRC Ghana Limited

The Minerals Commission has put a hold on Gold Coast GRC Ghana Limited's reconnaissance license. This decision is part of the regulator's effort to clean up the mining sector. The letter, addressed to the Minister for Lands and Natural Resources and other officials, states that the company should obtain all necessary authorizations before starting exploration activities.

However, the Commission has been receiving concerns from stakeholders about potential environmental impacts and inadequate consultations with affected communities. Unless these concerns are addressed, the proposed operations could face regulatory issues. Therefore, the Commission has decided to temporarily suspend all activities under the license for further assessment and stakeholder engagement.

The company is required to cooperate with the Commission and other institutions during this period and refrain from any activities until the necessary authorizations are issued.