The Minerals Commission has rejected a request by Cassius Mining Limited to continue with its prospecting of gold with the Gbane Mining Project in the Talensi District of the Upper East Region.

The Commission has declined to extend the mining company’s prospecting license due to lack of beneficial Ownership Disclosure in registering in accordance with the Regulation 107 (1) (b) of the Minerals and Mining ( Licensing) Regulation, 2021, ( L.I 2176).

The gesture means that the directors and shareholders of the company cannot engage in any mining activities in Ghana.

Minerals Commission stops Cassius Mining Ltd in Talensi

By

Emmanuel Kwame Amoh

-

September 12, 2022

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Minister of Lands and Natural Resources had considered its request but was unable to approve the extension of its prospecting license for the following reason:

“You concealed and or suppressed the fact that Messrs Anthony Upul Samantha and Radwin Elhassan, listed as directors and shareholders of Cassius Mining Limited, (the “Company”) in the company’s incorporation documents submitted in support of the application for the PL have been convicted for various offences in Australia and thus not qualified to have been named directors of the company under the companies legislation of Ghana at the time of applying for the PL”

In a letter dated January 23, 2020 to Cassius Mining Limited, the Commission regretted to inform Cassius Mining Limited that the