SMM2, 11 March: recently, according to foreign media reports, the Ministry of Land and Natural Resources of Ghana has instructed Ghana Manganese Industry (Ghana Manganese Company) to stop mining operations by February 15 in order to conduct a financial and technical audit of the company's operations. The directive is part of a move to hold state-owned enterprises accountable. In a letter signed by the Minister of Land and Natural Resources, Kwaku Asomah Cheremeh said that the preliminary assessment of the reports, documents and information provided by the company to the Government had led the company to immediately stop its operations in the mining area.
It is reported that in January this year, Chinese company Tianyuan Manganese expanded its mining capacity in Ghana following the acquisition of Consolidated Minerals in November 2016. According to data, imports of manganese ore from Ghana soared in 2017, with a total of 3.47 million metric tons of manganese ore entering China last year, an increase of 106 per cent over 2017.
It is unclear whether the report triggered the government's position on transparency in the company's operations, but in July 2018, John Peter Amewu, the then minister, said the government would not renew GMC's mining lease because the company "flouted its mining agreement." The company did not involve the government in the pricing of manganese ore, which was sold to a Chinese company for processing, potentially depriving the country of millions of dollars in taxes and royalties.
"translated from local media in Ghana. If you have copyright issues, please contact us and click to view the original text.
"SMM conducted a detailed analysis of the incident. For details, please click:" [SMM Analysis] would like to have a false alarm? Rumor has it that the manganese industry in Ghana has been asked to stop production audits. "
For more information on the nickel and manganese market, see the 2019 (fourth) Ni-mn stainless Steel Industry chain Summit to invite industry leaders such as nickel-manganese ore, electrolytic manganese, electrolytic nickel, nickel-iron, manganese alloy, iron and steel (stainless steel) to discuss new developments in the development of the industrial chain. Interpret the trend of industry policy, analyze the future price trend! Discuss major issues with 90% of the business owners, purchasing and general workers in the industry!
Meeting details: 2019 (fourth) Ni-mn stainless Steel Industry chain Summit (click on the link to see details)
[2019 Ni-Co-Li-mn Industry chain Summit]
Boutique meeting, New year feast!
Summit consultation, Ms. Wang
15221119163 (same as WeChat)
Scan QR code, apply to join SMM metal exchange group, please indicate company + name + main business
