Audio By Carbonatix
The Minister for Lands and Natural Resources, Samuel Abu Jinapor, has reiterated the government’s commitment to safeguarding the concessions of licensed large-scale mining companies by implementing comprehensive security measures to protect their operations.
Speaking at the Mining for Development Forum on Tuesday, the Lands Minister called for a strong government and mining companies collaboration to ensure effective protection of the concessions.
Speaking on the theme: “Ensuring the Security of Operations in Ghana; The Role of Stakeholders,” Mr Jinapor noted that the fortunes of the large-scale mining firms had a direct bearing on the government’s economic programmes.
“It is only when your concessions are secured that we can work to optimise production and sustain the gains we have made over the years," he said.
He stated that ensuring the security of mining operations was not only the duty of the government but required a multi-stakeholder approach and a shared commitment from all stakeholders.
These stakeholders include mining companies, mining communities, traditional leaders, civil society organisations, academia, multilateral organisations, and development partners, among others.
Mr Jinapor said that "it is through such a collaborative approach that we can develop comprehensive strategies to address all security issues from project inception, through exploration and mine development to mine closure.”
He urged the mining companies to support the government in the implementation of the community mining scheme, including making available land for it.
“It is not about confiscating mining concessions and parcelling them out to communities for mining nor is it about pitching foreign investors against citizens. It is about equitable distribution of resources from the mining industry, and ensuring that communities that host these resources benefit from their exploitation.”
He said the Ministry of Lands and Natural Resources was working with the Ministries of National Security and Defence to ensure adequate protection for operations of members acquiring concessions that extend beyond the country’s borders.
“Let us harness our collective expertise, passion, and commitment to build a mining sector that not only generates wealth but also ensures the well-being of our people, protects our environment and promotes sustainable development,” he added.
The Chief Executive Officer of the Ghana Chamber of Miners, Dr Sulemana Koney, said the forum would come out with measures to ensure the protection of concessions and contribute to the community and country development.
He commended the Ministry of Lands and Natural Resources under the leadership of Hon. Samuel A. Jinapor for its consistent efforts in seeking to address the teething challenges of the large-scale mining firms.
The Chief Executive Officer of the Ghana Chamber of Miners, Dr Sulemana Koney, in his welcome address, underscored the importance of mining in Ghana's economy and the significant contribution to growth and development through direct domestic taxes, dividend payments and forex exchange.
He said the producing member companies of the Chamber continued to play a crucial role in deepening the forex exchange market through the repatriation of a significant part of their mineral export revenue.
In 2022, the producing mines returned US$ 1.41 billion through the central bank and US$ 2.73 billion via commercial banks. Overall, the repatriated gross mineral revenue was US$ 4.14 billion, which translates into 73% of the producing members’ total mineral revenue in 2022.
He said recent invasions and attacks on defensive workers had created a sense of debilitating insecurity.
“When a mine is unsecured, it does not only threaten continuous production but the livelihood of the ecosystem that depends on the mine: communities, government, suppliers, employees, and shareholders,” he said.
He said the inability of duty bearers to decisively quell the wanton breach of security at one mine serves as an incentive for other miscreants to perpetrate similar brazen disregard for the rule of law.
“This inertia partly fuels the deteriorating security climate at the mines with adverse consequences for all stakeholders. These hikes in security breaches impair the quality of mine assets in Ghana and raise the insurance premia, cost of credit, and replacement cost of equipment,” he said.
In a speech read on his behalf, Mr Joshua Mortoti, President of the Ghana Chamber of Mines, said the apathy and apparent lack of decisive action by the authorities in the face of incessant and growing attacks on mine employees and assets created the perception that mining companies should be their own keepers.
He emphasised that the mining companies were not against creating jobs for Ghanaians in the sector, but committed to socially and environmentally responsible and safe mining.
Mr Mortoti called for continuous collaboration to ensure that mining laws and regulations are enforced by all players in the sector, irrespective of nationality.
The Forum was attended by the Deputy Minister responsible for Mining, George Mireku Duker, the Western Regional Minister, Kwabena Okyere Darko, President of the Central House of Chiefs, Odeefuo Amoakwa Buadu, players and captains of the Mining Industry, and some security personnel, among others.
Latest Stories
-
Trump threatens to target Iran’s bridges and power plants if Hormuz attacks persist
29 minutes -
Ghana not yet in digital trust crisis, but warning signs are emerging – Kwami Tamakloe
33 minutes -
Digital trust crisis looming if fraud concerns are ignored – John Awuah warns
34 minutes -
Mamdani backs off pledge to arrest Netanyahu citing lack of authority
41 minutes -
Banks’ NPLs drop to 16.1%, but credit risk remains key vulnerability
42 minutes -
Business, consumer confidence positive – BoG
53 minutes -
We don’t have a trust crisis – BoG urges vigilance against rising digital fraud
1 hour -
GIPC now an authority
1 hour -
Mahama urges African leaders to turn health pledges into concrete investments
1 hour -
NPP Greater Accra Regional Organiser hopeful touts experience, grassroots mobilisation record
1 hour -
WHO warns Africa risks losing decades of health gains as external funding declines
2 hours -
Chief of Staff plants shea tree at Jubilee House to reaffirm government’s commitment to shea industry development
2 hours -
GCB Bank unlocks new pathway to credit with Tier 3 pension-backed loan
2 hours -
Mid-Year Budget: ‘MoU is not a payslip’ – Oppong Nkrumah questions gov’t jobs, economic claims
2 hours -
Prof Mills was ethical; some appointees exploited his weakness as his health declined – Prof Frimpong-Boateng
3 hours