RE: MIIF Support When We Need It!8 Mar 2023 23:16
Don't trust Ghana.
https://www.smh.com.au/world/africa/no-dumb-luck-punt-cassius-boss-defends-gold-mining-investment-in-ghana-20220828-p5bdbh.html
Cassius claims the Ghanaian government had knowledge of Shaanxi’s trespassing and theft, attempted to redraw boundaries in favour of the Chinese miner and failed to act on allegations of demonstrated corruption at senior levels of the government.
When Cassius took Shaanxi to court in 2018, Shaanxi’s officials were seen meeting at the home of the judge presiding over the case, Jacob Boon, and then tried to bribe those who had witnessed the meeting. Boon has since recused himself from the case, but it has been bogged down in delays and remains before a local court.
The Company is claiming damages in excess of USD 275,000,000 as a consequence of Ghana’s
breaches of the Large-Scale Prospecting Licence Agreement entered into with the Company in the
Upper East Region of Ghana in the gold rich Talensi District.