• About
  • Advertisements
  • Terms of Use
  • Contact
Monday, October 26, 2026
The Sikaman Times
Advertisement
  • Home
  • News
  • Business
  • Technology
  • Regional
  • Features
  • Focus
No Result
View All Result
The Sikaman Times
  • Home
  • News
  • Business
  • Technology
  • Regional
  • Features
  • Focus
No Result
View All Result
The Sikaman Times
No Result
View All Result

Northern Ashanti Mines seeks court order to stop takeover of $110m mine investment

by The Sikaman Times
October 26, 2026
Northern Ashanti Mines seeks court order to stop takeover of $110m mine investment
SharePostSendShareSend

Northern Ashanti Mines Limited has turned to the High Court in Accra in a bid to prevent the government from taking over its mining concession at Konongo in the Ashanti Region, citing concerns over the future of an investment estimated at between US$110 million and US$120 million.

The company has filed an application for an interlocutory injunction against the Minerals Commission, the Minister for Lands and Natural Resources, and the Attorney-General, seeking to restrain the authorities from taking possession of the mine or transferring its mineral rights to another entity while the legal dispute is pending.

The application follows a security operation on Thursday, October 22, 2026, during which military personnel, police officers and members of the National Inter-Ministerial Committee on Illegal Mining (NAIMOS) reportedly entered the facility and directed workers to vacate the premises.

Northern Ashanti Mines contends that the government’s actions threaten an investment it says it has made in rehabilitating and reviving the mine over the past two years.

At the centre of the dispute is the termination of the company’s mining lease, which was communicated in a letter dated April 30, 2026. The company is challenging the decision, arguing that the authorities failed to follow the procedures stipulated under the Minerals and Mining Act.

Its legal team maintains that the applicable provisions require a leaseholder to be given a 120-day period to rectify identified operational deficiencies before the lease can be terminated. 

The company argues that it was not afforded this opportunity.

The company has also raised concerns about the possibility that the concession has been allocated to another investor before the dispute is resolved.

Its General Manager, Kenneth Allen, reportedly said officials of the Minerals Commission who visited the site indicated that the lease had already been re-granted to another consortium.

The company is seeking to prevent any further action that could compromise its interests in the concession while the court examines the legality of the lease termination.

Director Fred Okine has meanwhile defended the company’s record, stating that it has no adverse records with the relevant regulatory authorities.

He also said the company had repeatedly sought assistance from the Ministry of Defence and the Minerals Commission to remove illegal miners, commonly known as galamsey operators, who had encroached on its concession.

According to the company, its appeals for intervention were unsuccessful, despite the alleged encroachment on the mining area.

The legal challenge therefore centres not only on the termination of the lease but also on whether the required procedures were followed and whether the company was given a fair opportunity to address the concerns raised against it.

Northern Ashanti Mines is asking the court to restrain the authorities from taking possession of the facility and from granting, transferring or reallocating the mineral rights to third parties while its challenge proceeds.

The company has also initiated a judicial review process seeking to have the lease termination set aside.

Advertisement Advertisement
Tags: Featured
ShareTweetSendShareSend
Previous Post

AfroTalks Youth Assembly petitions UN for enforceable reparatory justice for Africa

Related Posts

AfroTalks Youth Assembly petitions UN for enforceable reparatory justice for Africa
General

AfroTalks Youth Assembly petitions UN for enforceable reparatory justice for Africa

October 26, 2026
CFLE Africa, GhanaThink Foundation to hold estate planning meetups in seven cities
Banking & Finance

CFLE Africa, GhanaThink Foundation to hold estate planning meetups in seven cities

October 26, 2026
Abeiku Santana petitions minister over GTA CEO access, but Houadjeto disagrees
General

Abeiku Santana petitions minister over GTA CEO access, but Houadjeto disagrees

October 26, 2026
Ex-NDA CEO Sumaila Abdul Rahman, three others convicted for procurement breaches
General

Ex-NDA CEO Sumaila Abdul Rahman, three others convicted for procurement breaches

October 23, 2026
Gov’t pays GH¢4.4bn towards SSNIT, second-tier pension obligations – Ato Forson
Business

Gov’t pays GH¢4.4bn towards SSNIT, second-tier pension obligations – Ato Forson

October 23, 2026
Ashie-Moore faces possible prosecution over Singaporean businessman’s property
General

Ashie-Moore faces possible prosecution over Singaporean businessman’s property

October 23, 2026

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • CFLE Africa, GhanaThink Foundation to hold estate planning meetups in seven cities

    CFLE Africa, GhanaThink Foundation to hold estate planning meetups in seven cities

    1 shares
    Share 0 Tweet 0
  • NPP acclaims Baba Ali Yussif as Ayawaso East parliamentary candidate

    6 shares
    Share 2 Tweet 2
  • AfroTalks Youth Assembly petitions UN for enforceable reparatory justice for Africa

    1 shares
    Share 0 Tweet 0
  • 2024: Beckons for more (Part 1) (Article)

    18 shares
    Share 7 Tweet 5
  • The Cost of Being Too Close: How Familiarity Can Make You Lose Favour

    15 shares
    Share 6 Tweet 4

Browse by Category

  • Africa
  • Ahafo
  • Art & Entertainment
  • Arts & Entertainment
  • Ashanti
  • Aviation
  • Banking & Finance
  • Bono East
  • Brong Ahafo
  • Business
  • Business
  • Central
  • Communication
  • Culture
  • Eastern
  • Economy
  • Education
  • Entrepreneurship & Local Business
  • Exclude
  • Features
  • General
  • Ghana
  • Greater Accra
  • Health
  • Health
  • International
  • International Trade
  • Lifestyle
  • Lifestyle
  • Media
  • National
  • News
  • North East
  • Northern
  • Oil & Gas
  • Oti
  • Politics
  • Politics
  • Real Estate
  • Regional
  • Relationship
  • Relationship
  • Religion
  • Savannah
  • Social
  • Social
  • Sports
  • Sports
  • Technology
  • Tourism & Hospitality
  • Trade
  • Transportation
  • Uncategorized
  • Upper East
  • Upper West
  • Volta
  • Western
  • About
  • Advertise
  • Privacy & Policy
  • Contact

About Us

© 2022- 2026 The Sikaman Times

No Result
View All Result
  • Home
  • News
  • Business
  • Technology
  • Regional
  • Features
  • Focus

About Us

© 2022- 2026 The Sikaman Times

QUICK LINKS

About

Privacy Policy

Terms Of Use

Advertisement

Contact

FOCUS

Ghana

Africa

International

CATEGORIES

General News

Business

Opinions

Politics

Technology

EXTRAS

Sports

Entertainment

Health & Wellness

STAY CONNECTED

Facebook Twitter Youtube Instagram Linkedin

© COPYRIGHT 2022-2026
The Sikaman Times