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

January 24, 2024

Ron Finklestien

mining

Ghana secures 5% stake in Atlantic Lithium

Ghana’s Significant Investment in Atlantic Lithium Ghana’s Strategic Move Recently, Ghana Investment Funds for Electronic, Electrical and Automotive Industries (MIIF) has taken a substantial 5% stake in Atlantic Lithium. Not stopping there, the move also grants MIIF a remarkable 6% in Ewoyaa, a mining project with auspicious prospects. Ewoyaa is anticipated to churn out an annual average of 3.6 million tonnes of spodumene concentrate or 350,000 tonnes, over its 12-year mine life. This propels it to a position among the world’s 10th-biggest projects according to Atlantic Lithium. Captaining this strategic ship, Edward Nana Yaw Koranteng, the CEO of MIIF, declared,