Exton Cubic losing $40,000 daily due to seizure

Exton Cubic Group Limited, the company involved in the Nyinahini Bauxite mining controversy has revealed that it is losing over $40,000 daily following the seizure of its equipment which has resulted in a halt in its operations.

At a press conference in Accra, the Communications Director of Exton Cubic, Sammy Gyamfi, said the seizure of their equipment by the government is an illegality.

He added that they are discussing the issue with their lawyers to take legal action over the development as it is affecting their prospecting activity.

“…We have all our permits, Engineers and Planning have not committed any offence, Exton Cubic has not committed any offence but we have been told by the minister that he is not ready to meet with us and that is why it has become and legal issue and we trust that our lawyers will deal with that”.

The Ashanti Regional Minister, Simon Osei-Mensah, has said that his decision not to allow Exton Cubic Group Limited to continue mining bauxite at the Tano-Offin Forest Reserve in the Atwima Mponua District, is in the interest of the country.
He had before this seized equipment and logistics hired by the company for its operations and has vowed not to release them until the company provides documents to show they have been licensed to mine in the region.

The equipment belongs to Engineers and Planners Co. Ltd, a company owned by Ibrahim Mahama, brother of former President John Dramani Mahama.
Some believe that the Minister has taken that stance to witch-hunt the brother of the former president, a claim the minister has denied.
Meanwhile, the Ministry of Lands and Natural Resources has said that Exton Cubic Group Limited is not permitted to undertake any mining prospection activity at the Nyinahini bauxite concession in the Ashanti Region.

Written by Web Master

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