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Showing posts with the label speculative structures

Speculative structures disrupt Newmont’s tailings dam expansion works

 The erection of unauthorized structures on Newmont Gold Ghana Limited’s mining area is stalling expansion works of its Tailings Storage Facility (TSF) Project. Engulfed by the hushed and greenery scenery at Dokyikrom, in the Asutifi North in the Ahafo region, sits hundreds of the speculative structures made from metallic roofing sheets. The illegal structures numbering over 300 however do not serve as a home or sleeping place for their owners but an abode for weeds sprouting from the ground. As these speculative structures continue to spring up, their owners anticipate huge compensations, a practice that actors in the mining industry are displeased with. Speaking with Journalists for Business Advocacy (JBA) who visited the community to witness first-hand the level of speculative structures being erected, the Director of External Relations and Communication of the Ghana Chamber of Mines, Ahmed Nantogmah, bemoaned that speculative activities are bad for the mining industry, add...

Newmont suspends construction works at Ahafo North due to speculative structures on mining concession

   Newmont Ghana Gold Limited has suspended construction activities at its Ahafo North project site due to the erection speculative structures on the mining concession. The construction work which should have started earlier in the year would have been completed by 2023 but as it stands now no one can tell when it will even start, let alone its completion. Lands for the Ahafo North project of the mining firm were declared a mining area in September 2017.   The illegal structures made from metallic roofing sheets numbering over 9,000 however do not serve as a home or sleeping place for their owners but just a representation of their interest on the land. As these speculative structures continue to spring up, their owners anticipate huge compensations from the mining firm, an action which actors in the mining industry are unhappy with.   [caption id="attachment_10032168588" align="alignnone" width="1024"] An aerial view reveals the structures including fish...