The presence of the Chief Executive Officer of Shaanxi and Earl Group, Wei Xing is the only condition for which Yenyeya Mining Company Ltd, a small-scale mining firm that has dragged its former mine support partner to court, has agreed for an out of court settlement.
Yenyeya Mining Limited, former partners of Shaanxi Mining Ltd now Earl Group, proceeded to court after refusing to sign an agreement, dreamzfmonline.com understands, will see Earl Group compensate them for the takeover of their mining concession at the Gbane Mining area following the decision of the Minerals Commission to grant Earl International Group (Ghana) Gold Limited (Earl Group) a large-scale mining lease covering all the concessions in the area.
Per information gathered by dreamfmonline.com, the Earl Group Shall pay royalty of 0.5% to the group half yearly through- out the life of the mines. The 0.5% royalty to be paid to the groups forms part of the 2% royalty to be paid to all the thirty-eight (38) Small Scale Miners Groups by Earl Group.
This portal has also gathered that the Earl Group shall, upon the signing of a Memorandum of Understanding (MOU), give a goodwill of USD $150,000 to the Groups to be shared equally among them. The payment of the said amount, according to information available to this portal, shall be facilitated by the Upper East Regional Minister for disbursement to the groups.
Not delighted by the terms, Yenyeya proceeded to court but has since agreed to an out of court settlement on condition that the CEO of Earl Group, Wei Xing will be available during the deliberations.
Yenyeya, in a press release signed by its Acting Public Relations Officer, Javis Avoka indicating its acceptance of the defense lawyer’s plea for an out of court settlement, called for the matter to be resolved in a manner that will promote peace without impairing the right or interest of the local small-scale miners.
“Yenyeya has accepted this offer on condition that Wei Xing, CEO of SHAANXI and EARL INTERNATIONAL be present, and that YENYEYA acceptance of offer for settlement out of court for consideration be on the agenda for discussion and resolution. This document can be viewed on request. We hope and believe that the parties related to this matter will take decisions in the interest of peace and justice without impairing or destroying the right or interest of the local small-scale miners. This will give credence to government’s mining policy framework in its attempt to consolidate and support small scale mining co-existence with large scale mining in the mineral mining area of Gbane, Talensi Upper East Region”.
The group further indicated in the statement that it remains committed to due process but views Shaanxi’s presence and continuous mining activities on Yenyeya-Pobortaaba concessions as illegal and a blatant disregard for rules of law in Ghana.
“Yenyeya remains committed to due process and will continue to have faith in the courts to enforce the parties’ respective obligations to which they have agreed and bind themselves though we have reason to believe that the defendants are unduly wasting time and seeking to frustrate justice and equity. Yenyeya considers the defendants’ presence and continuous mining activities on the Yenyeya-Pobortaaba concessions as illegal (Galamsey) and a blatant disregard for the rules of law in Ghana”. The statement partly captured.
Yenyeya Mining Company Limited was licensed in 2007 to engage in small scale mining and subsequently engaged the services of Shaanxi Mining Ghana Limited to provide mine support services. The about 15-year-old relationship has since been riddled with bitterness as the parties have gone their separate ways.
Though snippets of information available suggest Earl Group upon commencement of large-scale mining will employ close to 200 small scale miners recommended by owners of concessions, dreamzfmonline.com learns that there is brewing tension as many are set to lose their jobs following the takeover of the concessions.
