business

Minerals Commission tells Northern Ashanti Mines to fight lease termination in court, not media

Minerals Commission tells Northern Ashanti Mines to fight lease termination in court, not media

The Minerals Commission has urged Northern Ashanti Mines Limited to pursue its legal challenge against the termination of its mining leases and prospecting licences in court rather than commenting publicly. Speaking at a press conference on Thursday, October 29, the Minerals Commission’s Chief Executive Officer, Isaac Tandoh, said the company should let the judicial process determine the dispute.

The Minerals Commission has urged Northern Ashanti Mines Limited to pursue its legal challenge against the termination of its mining leases and prospecting licences in court rather than commenting publicly.

The Commission says the company acknowledged receipt of the termination notice but subsequently instituted legal action against the Minister responsible for Lands and Natural Resources, the Commission and the Attorney-General.

The dispute follows an operation on Thursday, October 22, during which Commission officials, accompanied by military personnel, entered the company’s concession to enforce the termination of its mineral rights.

The Commission cited the company’s failure to pay statutory fees and undertake meaningful mining operations for more than two years as grounds for the decision.

It says Northern Ashanti Mines owed US$8.33 million in outstanding Annual Mineral Right fees for its mining leases covering 2010 to 2025, as well as US$49,928 in fees relating to prospecting licences between 2019 and 2025.

The Commission maintains that it followed the Minerals and Mining Act, 2006 (Act 703), the Minerals and Mining (Licensing) Regulations, 2012 (L.I. 2176), and the terms of the agreements with the company. It also says the company was given several opportunities to regularise its position but failed to do so.

Speaking at a press conference on Thursday, October 29, the Minerals Commission's Chief Executive Officer, Isaac Tandoh, said the company should let the judicial process determine the dispute.

“The company duly acknowledged receipt of the termination notice, and yet it has chosen the courts. So we advise that they should pursue the courts and not the court of public opinion,” he said.

Mr Tandoh also rejected the company’s position that it was seeking dialogue, arguing that its decision to sue the relevant authorities while making public statements amounted to pursuing the dispute in court and through the media simultaneously.

“We state plainly, a company that sues the Honourable Minister, the Minerals Commission and the Attorney General is not a company that is seeking dialogue. It is a company seeking to litigate in court and in the media simultaneously. This is improper, and it is contemptuous of the judicial process,” he said.

He added that the termination had caused the mineral rights to revert to the state but did not extinguish the company’s outstanding financial obligations. The Commission said it will continue pursuing recovery of the outstanding fees.

  • commission
  • court
  • minerals
  • termination
  • company
  • northern
  • ashanti
  • mines

Summaries and tags are generated automatically. Stay informed with VidiaNews.

Related news

Minerals Commission defends termination of Northern Ashanti Mines’ mineral rights over $8.3m debt
business

Minerals Commission defends termination of Northern Ashanti Mines’ mineral rights over $8.3m debt

The Minerals Commission has defended its decision to terminate the mineral rights of Northern Ashanti Mines Limited, formerly Owere Mines, insisting that the company persistently failed to meet its statutory financial obligations despite several opportunities to settle its debts. Responding to the company’s challenge to the debt figures, the Commission insisted that its records showed Northern Ashanti Mines had paid only US$300,000 in two instalments, contrary to the company’s claim of having paid US$1 million.

Read →
Kofi Bentil alleges politically connected persons are taking over Ghanaian-owned mines
politics

Kofi Bentil alleges politically connected persons are taking over Ghanaian-owned mines

The Vice President of IMANI Africa, Kofi Bentil, has alleged that politically connected individuals are taking over Ghanaian-owned mining companies without due process, warning that the trend could undermine efforts to increase local participation in the mining sector. Read also: Northern Ashanti Mines challenges Minerals Commission over Konongo takeover, disputes $8.3m debt However, Mr Bentil said he had seen documents containing different claims about the amount, as well as correspondence in which the company disputed the debt.

Read →
EPA gave Empire Cement three months to plan relocation in 2023 – Former EPA Boss
business

EPA gave Empire Cement three months to plan relocation in 2023 – Former EPA Boss

Former Environmental Protection Authority (EPA) Executive Director Dr Henry Kwabena Kokofu says Empire Cement Ghana Limited was given three months in 2023 to prepare a plan to relocate its factory after regulators raised concerns about its location near the Densu Delta Ramsar Site. Dr Kokofu made the disclosure on the Citi Breakfast Show on Thursday, October 29, amid renewed regulatory action against Empire Cement’s operations near the Densu Delta Ramsar Site.

Read →
Peace key to unlocking Northern Ghana’s economic potential – NDPC chief
business

Peace key to unlocking Northern Ghana’s economic potential – NDPC chief

The Director-General of the National Development Planning Commission (NDPC), Dr Audrey Smock Amoah, has called for sustained peace in Northern Ghana, saying it is necessary to turn the region’s natural and economic resources into jobs, higher incomes and improved living conditions. Addressing the Northern Ghana Peace Conference in Tamale on October 26, 2026, Dr Amoah said the region had considerable potential that should not be overshadowed by its development challenges.

Read →
GTCO’s total assets grow 3.5 % to N18.37trn
business

GTCO’s total assets grow 3.5 % to N18.37trn

By Peter Egwuatu Guaranty Trust Holding Company, GTCO Plc has recorded 3.5% growth in total assets to N18.37 trillion for the third quarter, Q3, 2026, from N17.76 trillion in December 2025. The company disclosed this in its results released to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE), which showed that the company posted a Profit Before Tax of N879.9 billion, driven by sustained growth across its core earnings lines, with interest income, fees and commission income and trading income growing year-on-year by 5.0%, 1.4% and 3.1% respectively.

Read →