Ghana Suspends Offshore Gold Activities of Gold Coast GRC
1 report, 1 independent
Updated Fri 12:48
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What happened
Ghana suspended all activities under offshore gold reconnaissance licenses held by Gold Coast GRC Ghana Limited. The Minerals Commission conveyed the directive from the Ministry of Lands and Natural Resources, citing concerns raised by key stakeholders. These objections centered on the grant of mineral rights and the lack of proper consultation with affected communities and groups.
From icsf.net
Why it matters
The suspension puts on hold the development of Ghana’s seabed for the gold industry. The company held 10 reconnaissance licenses covering approximately 10,000 square kilometers of the shallow continental shelf. Without resolving the objections, the operations may not obtain the necessary social license to operate.
From icsf.net
Who's involved
- GhanaThe country where the suspension of gold activities took place.
- MincomThe governmental body that conveyed the directive regarding the suspension.
- Ministry of Lands and Natural ResourcesThe ministry whose minister conveyed the directive from the government.
Keep exploring
The entities involved
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Ghana
country in West Africa
Related events
- The environmental decline of the Gold Coast (Ghana) is being discussed, noting a shift from environmentalization to attributing the decline to weak stewardship.
- Ghana is noted as a leading mining destination as IMRIG strengthens mineral resource governance.
- Newcore Gold Ltd. plans to fund exploration activities in Ghana.
- Ghana regulates foreign mining companies operating within the country.
- Gold Fields announces scholarships in its operational areas, while NEC of Ghana Law Society holds a conference in the Volta Region.