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
- Ghana misses top 10 African destinations to visit in 2018
- Accra to host expanded China Trade Week event from June 19 - 21
- Former GNPC Boss, Theophilus Ahwireng named MD of MODEC
- Economy at the mercy of foreign investors, importers – BoG Governor
- Economist urges BoG to regulate ‘black market’ to ensure exchange rate is sustained
- West Africa’s mobile economy to reach $70bn by 2023 – report
- BoG constrained in fight against cedi depreciation – Asiedu-Mante
- NPA considers use of tech to fight petroleum fraud
- Huawei first-quarter revenue grows 39% to $27bn
- Navigating Sub-Saharan Africa’s recovery amid greater uncertainty
- Oil hits 2019 high on U.S. plan to tighten squeeze on Iran
- Upper West: 1,022 bags of maize harvested under PFJs
- Gov’t, Labour agree to build consensus on dev’t issues
- Ofori-Atta steers World Bank/IMF Development Committee on global dev't issues
- Airports Company considers reserving Terminal 2 for home-based carrier