AngloGold Ashanti Ghana has asked the International Centre for Settlement of Investment Dispute (ICSID) to make an urgent order to compel the government of Ghana to use its authority to return peace and stability to the Obuasi Gold Mine.
This petitioning of the World Bank body follows an invasion of illegal miners on their property which is now in its fifth month.
The process, known formally as a Request for Provisional Measures, is available to applicants seeking urgent relief in an ongoing dispute.
The company, in a statement said it hoped the intervention will help bring an end to the unchecked ransacking of the mine’s orebody and vandalism of critical mine infrastructure.
A ruling would be expected soon after the Tribunal is constituted, which is anticipated later this year.
AngloGold Ashanti Ghana is continuing to seek engagement with government at a local and national level, but these talks have thus far failed to yield meaningful sustained intervention by the authorities.
The statement said the lack of action by the authorities has emboldened the growing number of illegal miners to intensify their activities in increasingly dangerous conditions, causing significant damage to the general environment, jeopardising the mine’s future viability and comprising the rights of the community and investors in Ghana alike.
“This has forced the company to turn to Washington, D.C.-based ICSID to break the impasse, as provided for in the Mining Lease”.
Recently, AngloGold Ashanti Ghana announced the tragic death of nine illegal miners at the site in the past few weeks. Since then, there has been at least one other confirmed fatality, with continued reports of illegal-miner casualties.
AngloGold Ashanti Ghana has reported these deaths to relevant authorities, along with regular updates on the situation on site, warning of the growing potential for a significant underground accident if this large-scale illegal mining is allowed to continue.
AngloGold Ashanti Ghana hopes commencement of ICSID proceedings and Request for Provisional Measures will expedite the reinstatement of law and order at the mine.
“Only once there is clear evidence of restoration of law and order, can the company obtain sole use of the site and commence the process of fully assessing the condition of the site”.
Have your say
More Business Headlines
- Vodafone appoints first Ghanaian CEO
- Professional training of agents – GIC kick-starts process
- Eni Ghana launches the 'Clean Beach' project
- KIA Terminal 3 gets $30m oil money
- Honda to shut UK car plant in 2022 with the loss of 3,500 jobs
- Karpowership to ease gas evacuation challenges in Western region
- Second-hand vehicle, auto parts dealers push for review of ‘discriminatory’ up-front duty payment
- GNPC needs better corporate governance structure - CSOs demand
- EIU projects 11% Inflation due to weak cedi
- Ghana hosts African Risk Capacity Joint Board Meeting
- MTN Ghana collects 3500 pints of blood as part of CSR
- South Africa airline to be split into three - CEO
- MTN introduces ‘Science Set’ to boost science education
- PIAC raises red flag over $3.8m GNPC cash for Maritime boundary dispute
- Accra Brewery Ltd appoints new Country Director