Midland Minerals Company Limited, an exploration company in the country, has so far spent $8.5 million on gold prospecting at its Esaase site near Nkawkaw.
Midland Minerals, through its subsidiary, Harbour Capital, owns 65 percent in Akroma Gold Company Limited, owners of the Esaase concession.
The company, which is listed on the Toronto Venture Stock Exchange in Canada, said it intends to pump more cash into their operations at the Esaase drilling site in an effort to discover sufficient gold resources.
But sadly, the company’s operations at the site, which has the potential of providing employment opportunities for the youth in the area, have been disrupted for the past
year following series of demonstrations and violent behavior by the youth of Esaase.
The Esaase youth have asked Midland
Minerals to immediately turn the concession site into a mine now, a demand which according to Midland Minerals is not economically feasible, at least for now.
The Esaase concession site, which currently belongs to the Akroma Gold Company Limited, has been granted a
mining lease by the Minerals Commission.
Speaking with CITY & BUSINESS GUIDE, Craig Pearman, President and CEO of Midlands Minerals, said his prime interest was to see the total restoration of relations between Midlands Minerals and Sian Goldfields Limited to promote Akroma Gold’s business objectives and the general well-being of all stakeholders of the company.
He added that he intended to enhance the socio-economic development of the area, stressing that the present stalemate between the two companies would not benefit any of the parties involved.
Mr. Pearman noted that the deadlock between his company and Sian Goldfield’s Limited would
delay any potential development at Esaase and its immediate environs by up to 10 years.
From I.F. Joe Awuah Jnr., Esaase, Eastern Region
