Articles for tag: 277m, Cassius, court, Ghana, mining, takes

January 8, 2025

Ron Finklestien

mining

Cassius Mining Files Lawsuit Against Ghana Seeking $277 Million Compensation

Cassius Claims Ghana for Lost Gold Mine Profits Cassius Mining Limited has filed a claim against the Ghanaian government for lost profits, stating it missed out on opportunities to manage a gold mine in its licensed area. The company’s Gbane project, located in northeastern Ghana, holds a large prospecting license that spans 13.8 km2. This site lies in the Talensi district, adjacent to the operational Shaanxi gold mine. Prolonged Dispute with Shaanxi Cassius is embroiled in a long-standing conflict with Shaanxi, the Chinese firm managing the nearby mine. Investigations by the Sydney Morning Herald and local sources allege that Shaanxi

December 16, 2024

Ron Finklestien

mining

Court Greenlights $74 Million Loan for Yukon Eagle Mine Remediation Efforts

Victoria Gold Faces Severe Environmental and Financial Challenges The site is currently facing significant challenges due to temporary containment ponds holding 309,000 cubic meters of contaminated water nearing capacity. According to a PwC update on November 29, these storage constraints will continue until regulators approve the discharge of treated water. Progress on Water Treatment Plant Underway Upgrades to the water treatment plant are ongoing, with final laboratory tests in progress to confirm compliance. PwC reported, “We are working to ensure continuous operation through the winter,” emphasizing the urgency as icy weather approaches. In its update regarding the receivership, PwC noted

March 19, 2024

Ron Finklestien

mining

Judgment Upheld: Former CEO’s Appeal Dismissed Over Environmental Violations at Yellow Giant Mine

Details of the Verdict Former CEO Benjamin Mossman saw his appeal shattered by a British Columbia court, upholding the verdict that found him guilty of 13 environmental breaches. These infractions included the discharge of mine waste, failure to report environmental spills and dumping, and releasing substances in concentrations surpassing legally permitted levels. In a ruling that cast a dark echo across the industry, the court declared that Mossman was complicit—whether directly or indirectly—in the Yellow Giant mine’s repeated breaches regarding zinc levels. This reckless behavior led to the pollution of precious bodies of freshwater in the vicinity of the mining