Northern Ashanti Mines’ lease saga: Asante Akyem chiefs back revocation
CHIEFS in the Asante Akyem enclave of the Ashanti Region have backed the Minerals Commission’s decision to revoke the mining lease of Northern Ashanti Mines, insisting that no mining company is above the law. They said the government was justified in terminating the company’s mineral rights because mining companies were required to pay taxes, mineral … The post Northern Ashanti Mines’ lease saga:…
The chiefs of the Asante Akyem enclave in the Ashanti Region have supported the decision by the Minerals Commission to revoke the mining lease of Northern Ashanti Mines. They argued that companies are not above the law and must pay taxes, mineral right fees, and other statutory charges to the state. Nana Tweneboah Kodua Bempah, representing the Juansamanhene, emphasized that the company had failed to meet its obligations and had an unsatisfactory record in developing the concession.
Konongo chief, Nana Dr Awuah Abedimsa II, also backed the decision, stating that the company had not demonstrated the financial capacity required for effective gold mining. The chiefs urged the new operator to adhere to Ghana's mining laws and prioritize community development. The termination was executed under the Minerals and Mining Act, 2006, and related regulations, as the company owed US$8.33 million in annual mineral right fees and US$49,928 in prospecting licence fees for the period 2010 to 2025.
Northern Ashanti Mines had not conducted any meaningful mining activity on the concession for over two years, breaching the law.
Written by urgent.news from Ghanaian Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
