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sharing in governance of extractive industries

Financial Support in the Offing for Small Scale Miners? Karl-Reiner Riedlinger of Lombardium assures them.

From Left, Anthony Samani, Adjetey-Kofi Mensah, seibik Bugri, Solomon Bonsu,

Karl-Reiner Riedlinger, Ascan Lutterodt and Robert Atsrim.

The fears of small scale miners and artisans that their share of the mining business will be swallowed by foreign investors when the sector is opened up for investments through partnership to build medium sector is unfounded as any partnership deal will be symbiotic in nature and protected by policy.

Small scale miners and artisans will benefit from the investments that will flow in the sector if opened up through a systematic partnership with foreign investors as many of their difficulties in the line of business will be addressed says Nii Adjetey-Kofi Mensah, Executive Director of ASMAN

Also, the herculean task of pre-financing mining business, various challenges and difficulties they (Galamsay) and artisans face in their business will be a thing of the past if the concept aimed at establishing a financial body focused on them to address those challenges comes on board soon.

Nii Adjetey-Kofi Mensah of ASM-Africa Network (ASMAN) a Non-Governmental Organization (NGO) made these remarks during a courtesy call by Karl-Reiner Riedlinger of Lombardium, a German business man who has expressed interest in the sector. It is hoped that the deliberation during the familiarization visit of the secretariat of ASMAN in the offices of African Centre for Energy Policy (ACEP) and other related organizations will collaboratively implement the above vision.

ASMAN is involved in the Natural Resource and Environmental Governance Advocacy, particularly focusing on the promotion of sustainable and responsible small scale mining in Ghana and Africa. It also seeks to create a broader Advocacy Platform that will harness multi-sectoral contributions towards development of small scale mining whose activities has led to conflict with law enforcement.

 The above concept, if implemented will not only seek to give them flexible financial assistance, but also to make equipments available to them as well to make their business more profitable.

The vision of Karl-Reiner Riedlinger also seeks to address the frequent difficulties of arranging for pre-financing, and safety measures the mining business from investors who are willing to put in surplus funds, making miners work easier, less laborious and profitable. It is also expected that these safety equipments and precautions which are thrown to the wind by the miners and which has caused the death of many young miners will now be addressed if the partnership is established.

Leading a three-man delegation, investor Riedlinger, noted that foreign investors are sensitive to the worst case of any investment venture and so are skeptical and his company will create the necessary trust for investors to put in the needed funds for the venture. He explained the vision is to create a-one-stop-shop database of all miners, concessions and other stakeholders.

Sustainability

Welcoming them, Adjetey-Kofi Mensah, Executive Director of ASMAN who coordinated the visit  was happy about the collaboration between Lombardium and ASMAN in this direction. 

He noted that the partnership will enable the setting up of a medium scale sector in mining which is a value added stage of the business. Currently Ghana has the big and well established companies such as AngloGold Ashanti, amongst others and the small scale ones or the one-man-mine popularly referred as the “ Galamsay” without a progressive medium sector. And that there are calls from policymakers to scale it from small scale to the next level of medium size in the industry which should be in partnership. To make this work government should change the laws to suit that partnership Adjetey-Kofi Mensah urged.

Forum

Contributing, the Executive Director of Journalist Against Corruption (JAC), Seibik Bugri, praised the imitative especially the aspect that will address safety issues that has been taken for granted by miners, leading to many countless and needless deaths. He reminded the meeting that a recent visit by Mining experts from Australia sought to know about the safety measures of the ‘galamseyers”. The meeting agreed to organize a forum that will give all stakeholders in the “Galamsay”  business the opportunity to address their concerns. Various policymakers will also be in attendance to fashion out policy direction in that forum. 

 Source :Seibik Bugri

 

 

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