Akonta Mining Company Ltd. faces a number of short- and long-term repercussions after the government revoked its permits for allegedly engaging in illicit mining activities.
Akonta Mining must stop all mining operations right away. This includes operations in both legally and illegally held concessions.
To start legal action, the Attorney-General has been briefed. The scope of the company’s involvement in illicit mining is being investigated, and directors and partners may face prosecution.
Approximately 30 excavators, guns, trucks, and other mining equipment were seized as part of a joint Ghana Police Service and Forestry Commission investigation that resulted in the arrest of 51 people, including 8 Chinese nationals.
Forestry Commission officials suspected of facilitating Akonta Mining’s illegal activities have been interdicted pending further investigations.
The company’s reputation has been damaged by its affiliation with illicit mining operations, which may have an impact on future collaborations and business prospects.
The revocation of permits and stoppage of activities will certainly result in considerable financial losses, including sunk investments in equipment and possibly legal bills.
The company might be held responsible for environmental damage brought on by its operations, which would require expensive cleanup work.
Akonta Mining, meanwhile, has refuted the accusations, calling them “false and misleading,” and asserts that the license revocation is politically motivated and a violation of natural justice. The business contends that all of its operations have stayed within the parameters of its valid permissions and claims that it has never operated in the Tano Nimiri Forest Reserve.
The Attorney General and security services have also been directed by the Minister to look into the people and organizations engaged in these unlawful activities. However, as of right now, Chairman Wontumi is not facing any specific charges.
Public figures and civil society groups have called for accountability, urging authorities to prosecute those responsible for environmental degradation. The matter is still being investigated, and as investigations continue, new information can surface.
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