The Authorities has reiterated its dedication to topic mining license renewals to better scrutiny as a part of its efforts to make sure accountable and sustainable mining within the nation.
Talking on the annual normal assembly of the Ghana Chamber of Mines, the Minister of Lands and Pure Sources, Mr. Emmanuel Alma Kofi Buah, stated that native and overseas mining corporations looking for concession renewal will probably be required to fulfill larger compliance requirements earlier than being granted approval.
He stated the federal government was decided to make sure that corporations working within the mining sector complied with environmental, regulatory and neighborhood improvement obligations earlier than renewing their licenses.
He stated: “Renewal of mining rights will now not be handled as a routine course of. Corporations should exhibit compliance with Ghanaian legislation and present proof of accountable mining practices earlier than renewal will probably be thought-about.”
Alma Boua careworn that the transfer is a part of broader efforts to strengthen governance within the extractive sector and be sure that the nation’s mineral sources are managed in a approach that advantages each present and future generations.
He famous that whereas the federal government stays dedicated to creating an investment-friendly atmosphere, it expects mining corporations to uphold the very best requirements of environmental administration and company accountability.
He added: “We welcome funding within the mining sector, but it surely have to be according to nationwide improvement objectives and dedication to sustainable useful resource administration.”
The Minister’s feedback come at a time when Ghana is ramping up efforts to deal with environmental degradation related to mining actions, whereas maximizing income and improvement advantages from the sector.
The Ghana Chamber of Mines Normal Meeting introduced collectively trade leaders, coverage makers and stakeholders to debate the way forward for the nation’s mining trade and methods to make sure its long-term sustainability.
