Explosive Findings: Mech Resources’ Questionable Gold Mining Lease Acquisition
Mining

Explosive Findings: Mech Resources’ Questionable Gold Mining Lease Acquisition

Bright Simons, Vice President of IMANI Africa, has uncovered shocking details surrounding Mech Resources’ acquisition of a multi-million-dollar gold mining lease. Apexnewsgh reports The company, owned by the children of former Chief of Staff Frema Opare, allegedly obtained the lease under dubious circumstances, with the Minerals Commission fast-tracking the process despite glaring discrepancies. According to Simons, Mech Resources had no prior experience in mining or related industries, yet was not required to provide evidence of skilled mining personnel or demonstrate financial capability to fund the $25.8 million initial investment. Instead, the company submitted basic financial projections and a general outline of its plans, which was deemed sufficient for a lease covering 9,000 acres of gold-rich land valued at approximately $1.38 billion. Red Flags Raised Simons pointed out several red flags, including Mech Resources’ failure to hire a professional accountant to prepare its financial projections. The application allegedly contained weak discount factoring, poor sensitivity analysis, and a failure to account for the impact of royalties. Furthermore, the company did not disclose which specific water bodies would be affected by its mining activities, despite requests from examining officers. Conflict of Interest Concerns Simons also raised concerns about Maata Osei Opare, a key figure in Mech Resources, who serves as the Head of Legal at Fidelity Bank and sits on the board of the Electricity Company of Ghana (ECG). Simons believes that Fidelity Bank’s previous lawsuit against him was aimed at blocking further scrutiny into deals between the bank and ECG. Fast-Tracked Approval and Wider Implications The lease recommendation was reportedly ready within six weeks, despite the numerous discrepancies. Simons suspects that this case is not isolated, as four additional gold mining leases linked to the same family have also been fast-tracked. In total, they have applied for 23 mining and prospecting licenses, with five already granted. Simons accused the Minerals Commission of enabling politically connected individuals to sidestep mining regulations, highlighting the need for greater transparency and accountability in the industry. Read Bright Simons’ post on X below:  

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Forestry Commission Cracks Down on Illegal Mining in Atewa Forest
Mining, Opinion

Forestry Commission Cracks Down on Illegal Mining in Atewa Forest

Forestry Commission has decommissioned mining activities in portions of the forest by burning four excavators at Obuohu Fante in the Ayensuano districts of the Eastern Region. Apexnewsgh reports The commission believes that miners, who initially operated on the fringes of the forest, have gradually expanded their operations into the protected area. Environmental NGO, A Rocha Ghana, has thrown its weight behind the Forestry Commission’s actions. Team Lead Daryl Bosu took to Facebook to justify the commission’s move, stating that illegal miners often start on the outskirts of forests and then expand their operations, emboldened by impunity. Bosu applauded the Forestry Commission’s zero-tolerance approach to illegal mining, reaffirming A Rocha Ghana’s commitment to supporting their efforts. However, the burning of the excavators has sparked tension in Obuohu Fante, with local residents suspecting forestry officials and demanding answers. The incident highlights the complex and often contentious issue of illegal mining in Ghana’s protected areas. The Atewa Forest is a vital ecosystem that provides water, climate regulation, and community well-being. The Forestry Commission’s actions aim to safeguard the forest’s integrity, but it remains to be seen how the situation will unfold in Obuohu Fante. Source: Apexnewsgh.com

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EPA Vows to Arrest and Prosecute Illegal Miners
Mining, Opinion

EPA Vows to Arrest and Prosecute Illegal Miners

Professor Nana Ama Browne Klutse, the Acting Chief Executive Officer of the Environmental Protection Authority (EPA), has issued a stern warning to individuals and entities engaging in illegal mining activities within and around Ghana’s water bodies. Apexnewsgh reports In an exclusive interview, Prof. Klutse emphasized that mining around water bodies is strictly prohibited and that her outfit will arrest and prosecute anyone found violating this law. The EPA’s concerns stem from the alarming increase in mining activities within and around water bodies across the country, which poses significant risks to the environment, public health, and Ghana’s natural resources. Prof. Klutse stressed that all mining activities must comply with Ghana’s environmental laws, including obtaining necessary permits and implementing sustainable mining practices. In a bid to enforce this directive, the EPA is collaborating with relevant authorities, including the Ministry of Environment, Science, and Technology, the Minerals Commission, the Water Resources Commission, and security agencies. Measures to be implemented include seizing equipment used in illegal mining operations, increasing surveillance and conducting regular site inspections, and prosecuting individuals and organizations found violating environmental laws. Prof. Klutse reassured the public that no one is above the law, regardless of their social status or political affiliation. She urged all Ghanaians and the media to report any illegal mining activities to the authorities or call the EPA’s hotlines at 0506699466/0506694760. Source: Apexnewsgh.com

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Omane Boamah Pledges Regional Balance in Ghana Armed Forces Recruitment
Mining, Opinion

Omane Boamah Pledges Regional Balance in Ghana Armed Forces Recruitment

Dr. Edward Omane Boamah, the Defence Minister-designate, has reaffirmed his commitment to ensuring regional balance in recruitment into the Ghana Armed Forces. Apexnewsgh reports During his vetting by the Appointment Committee on Tuesday, January 28, Dr. Omane Boamah emphasized the importance of equity and representation in the military. As a strong advocate for equity, Dr. Omane Boamah believes that the military should reflect the diversity of Ghana. He pledged to ensure that all regions are adequately represented in the Ghana Armed Forces, stating, “I will do everything in my power to ensure that no region is left behind in the recruitment process.” Dr. Omane Boamah highlighted the significance of creating an army that not only possesses the necessary skills but also represents the diverse communities it serves. He noted that balanced recruitment across regions would foster unity, cohesion, and national integration, making every part of the country feel invested in national security. With his commitment to regional balance and equity, Dr. Omane Boamah aims to strengthen the Ghana Armed Forces and promote a sense of inclusivity and national unity. Source: Apexnewsgh.com

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Ghana Takes Steps to Regulate Small-Scale Gold Mining
Business, Mining

Ghana Takes Steps to Regulate Small-Scale Gold Mining

In a bid to formalize and regulate Ghana’s small-scale gold mining sector, Finance Minister Dr. Cassiel Ato Forson has inaugurated a Technical Committee to draft a legal framework for the establishment of the Ghana Gold Board (GoldBod). Apexnewsgh reports This specialized agency will be responsible for managing and marketing gold resources from the small-scale mining sector. According to Dr. Forson, the establishment of the committee highlights the urgent need to maximize Ghana’s economic gains from its gold resources. He emphasized this during a meeting with the Management of Precious Minerals Marketing Company (PMMC) at the Ministry of Finance on January 27, 2025. The Ghana Gold Board, championed by President John Dramani Mahama, aims to revitalize the economy by tackling challenges such as gold smuggling, fragmented gold purchasing systems, and limited foreign exchange accumulation. Dr. Forson, a renowned economist and chartered accountant, was appointed as Ghana’s Finance Minister on January 9, 2025. His expertise in fiscal management and economic reforms is expected to play a crucial role in shaping Ghana’s economic future. The establishment of the GoldBod is also expected to help stabilize Ghana’s currency, the cedi, in the long run. With the Technical Committee in place, Ghana is taking a significant step towards regulating its small-scale gold mining sector and unlocking its economic potential. Source: Apexnewsgh.com

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Ghana’s Galamsey Fight: $200 Million Anti-Galamsey Campaign Under Scrutiny Abu Jinapor
Mining, Opinion

Ghana’s Galamsey Fight: $200 Million Anti-Galamsey Campaign Under Scrutiny

The National Concerned Association of Small-Scale Miners (NCASSM) has sounded the alarm on the alleged mismanagement of over $200 million allocated to combat illegal mining (galamsey) in Ghana between 2017 and 2024. Apexnewsgh reports In a press statement, NCASSM President Michael Kwadwo Peprah raised concerns about the misuse of funds and equipment acquired under the anti-galamsey campaign. Specifically, the association highlighted several instances of questionable spending, including: a. Missing Drones: Over $2 million was spent on drones for surveillance, but many are reportedly missing. b. Failed GalamStop Application: Approximately $1 million was invested in developing a technology platform to streamline licensing and monitoring of small-scale mining, but it failed to deliver. c. Ineffective GPS Tracking Devices: Resources were allocated for GPS tracking devices to monitor excavators, but their effectiveness remains questionable. d. Drone Pilot Training: Taxpayer money was spent on training drone pilots, yet the initiative has not had a significant impact on illegal mining activities. Furthermore, NCASSM alleged that some confiscated mining equipment, including excavators, were misappropriated, sold, or destroyed without proper accountability. To address these issues, NCASSM has called for: 1. Independent Investigation: Establish a neutral committee to audit the $200 million allocated for the campaign. 2. Audit of Confiscated Equipment: Investigate reports of mismanagement of seized mining equipment. 3. Accountability for Failed Projects: Provide a full report on failed initiatives and determine who benefited from them. 4. Prosecution of Offenders: Prosecute individuals or groups found to have misused public funds or diverted resources. The association emphasized that the fight against galamsey will only succeed if public resources are used transparently and effectively. They urged the government to work with stakeholders in the small-scale mining industry to develop sustainable solutions and implement rigorous monitoring of anti-galamsey initiatives. Source: Apexnewsgh.com

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President Orders Investigation into Fatal Clash at AngloGold Ashanti Mines John Mahama
Mining, Opinion

President Orders Investigation into Fatal Clash at AngloGold Ashanti Mines

A tragic incident occurred at the AngloGold Ashanti Mines in Obuasi on Saturday, January 18, 2025, when a group of approximately 60 illegal miners attempted to breach the security fence and access the mine’s Deep Decline area. Apexnewsgh reports The illegal miners, armed with locally manufactured rifles, pump-action guns, knives, axes, gas cylinders, and other tools, opened fire on the military personnel stationed at the mine when confronted. In self-defence, the soldiers returned fire, resulting in the deaths of eight illegal miners and leaving one seriously injured. The remaining individuals fled the scene. The Ghana Armed Forces confirmed the deaths of seven illegal miners. President John Dramani Mahama has directed an immediate investigation into the incident to determine the circumstances surrounding the clashes and ensure that any individuals found to have acted unlawfully are brought to justice. The President expressed profound regret over the tragic loss of lives and extended his condolences to the bereaved families. The government has asked the management of AngloGold Ashanti to bear the medical expenses of the injured individuals fully and to facilitate the burial arrangements for those who have lost their lives. The security agencies have also been tasked to take prompt action to restore peace in the area and implement measures to prevent similar occurrences. Source: Apexnewsgh.com

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Mahama Appoints Sammy Gyamfi to Head PMMC, Paving Way for Ghana Gold Board Sammy Gyamfi
Business, Mining

Mahama Appoints Sammy Gyamfi to Head PMMC, Paving Way for Ghana Gold Board

President John Dramani Mahama has appointed Sammy Gyamfi, the National Communications Officer of the National Democratic Congress (NDC), as the Acting Managing Director of the Precious Minerals Marketing Company (PMMC). Apexnewsgh reports This appointment, effective January 16, 2025, marks a crucial step towards fulfilling the NDC’s 2024 manifesto promise of establishing the Ghana Gold Board (GoldBod). Felix Kwakye Ofosu, the Acting Spokesperson to the President, announced the appointment, highlighting the administration’s commitment to economic revitalization and sustainable development through the GoldBod initiative. The Ghana Gold Board, operating under the direction of the Minister for Finance, will be responsible for the sustainable management and marketing of Ghana’s gold resources for the benefit of the Ghanaian people. As the Acting Managing Director of PMMC, Gyamfi’s mandate includes formalizing the small-scale gold mining sector and providing mining support services for the industry. His extensive background and expertise make him an ideal candidate for the role. Gyamfi holds a BSc in Environmental Science and a Bachelor of Law from Kwame Nkrumah University of Science and Technology, as well as an MA in Economic Policy Management from the University of Ghana. With his experience working with Exton Cubic Group Limited, a reputable mining company in Ghana, and his current role as the National Communications Officer of the NDC, Gyamfi is well-equipped to drive the successful establishment and operation of the Ghana Gold Board. This development is expected to boost transparency, economic growth, and the equitable distribution of benefits from Ghana’s gold resources. Source: Apexnewsgh.com

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President Mahama Appoints Justina Nelson as Acting CEO of Minerals Income and Investment Fund Justina Nelson
Mining, Politics

President Mahama Appoints Justina Nelson as Acting CEO of Minerals Income and Investment Fund

President John Dramani Mahama has appointed Ms. Justina Nelson as the Acting Chief Executive Officer (CEO) of the Minerals Income and Investment Fund (MIIF). Apexewsgh reports This appointment is in line with Article 195(1) of the Constitution and Section 21(2) of the MIIF Act, 2018 (Act 978). Ms. Nelson brings over 20 years of experience as a seasoned banking professional to her new role. Currently, she serves as Group Head at Zenith Bank (Ghana) Limited, overseeing the Energy and Commercial Banking sectors. Her impressive educational background includes a Master of Laws in Corporate and Commercial Law and a master’s in business administration (Marketing) from the University of Ghana. She also holds a Bachelor of Laws (Hons) degree from the Ghana Institute of Management and Public Administration (GIMPA) and a Bachelor of Arts (Hons) degree in Management and Psychology from the University of Ghana. The appointment was announced in a statement signed by Felix Kwakye Ofosu, Spokesperson to the President (Acting), on Tuesday, January 14, 2025. Source: Apexnewsgh.com

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NDC’s Vision for Sustainable Mining: Streamlined Licensing, Advanced Tech Dr.Edward Omane Boamah
Mining, Politics

NDC’s Vision for Sustainable Mining: Streamlined Licensing, Advanced Tech

Dr. Edward Omane Boamah, the former Minister of Communication and now the Director of Elections and IT for the National Democratic Congress (NDC), has set his sights on a groundbreaking initiative aimed at revitalizing the nation’s small-scale mining sector. Apexnewsgh reports This ambitious plan, aligned with the vision of former President John Dramani Mahama, is designed to foster sustainable practices while creating inclusive opportunities for the nation’s youth. During a recent five-day campaign tour across the Eastern Region, Dr. Boamah passionately presented the Youth-In-Mining Initiative, which promises to bring about transformative changes in the industry. He emphasized the pressing need to harmonize environmental protection, regulatory efficiency, and economic growth, showcasing the initiative as a catalyst for job creation and responsible mining. At the heart of this initiative are several key components. To start, there is a focus on streamlining licensing processes. This involves strengthening and decentralizing regulatory procedures to make it easier for small-scale and artisanal miners to obtain the necessary licenses to operate legally. Dr. Boamah also discussed the rollout of advanced technology, such as geofencing, which aims to safeguard vulnerable areas like water bodies, forest reserves, and farmland from the adverse impacts of illegal mining operations. Recognizing the challenges these miners face, the initiative promises to offer technical support through government-backed “Equipment pools” in every small-scale mining district. This initiative will ensure that miners have access to the essential tools needed to operate efficiently and safely. Furthermore, a new Small-Scale Mining Board will be established to regulate the sector, along with a revolving fund designed to provide financial support for miners. Environmental responsibility also takes center stage in Dr. Boamah’s vision. He proposed employing young people in a national land reclamation program, which would implement a “grow, adapt, and nurture” tree policy to restore affected lands. Additionally, the initiative aims to propel local craftsmanship by enhancing goldsmithing and jewelry production through a national apprenticeship program. As Dr. Boamah detailed these plans, he assured attendees that a future NDC government would prioritize the revival of the Great Consolidated Diamond (GCD), a move projected to generate over 1,500 job opportunities in the process. Echoing Dr. Boamah’s sentiments, Samuel Ofosu Ampofo, the former National Chairman of NDC, rallied branch executives to engage in house-to-house voter mobilization, urging them to ensure maximum participation in the upcoming election. The message was clear: to support John Dramani Mahama and NDC parliamentary candidates, and to unlock the thousands of jobs the initiative promises, all while bolstering Ghana’s economy. With the Youth-In-Mining Initiative, the NDC is not just aiming for a shift in policy; it is envisioning a future where responsible mining efforts create lasting economic benefits, environmental protection, and sustainable growth for generations to come. Source: Apexnewsgh.com/Ngamegbulam Chidozie Stephen

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