By: GhanaWeb

A British mining company, Blue Gold, is locked in a bitter dispute with the Ghanaian government over the reassignment of its mining licenses. The company claims that the decision by Lands and Natural Resources Minister Samuel Abu Jinapor is unlawful and driven by politics.

At the heart of the dispute is the government's decision to transfer Blue Gold's mining licenses to a company called Heath Goldfield Limited (HGL). Blue Gold has questioned the legitimacy of this decision, pointing out that HGL has no experience in the mining industry and a relatively small share capital.

The reassignment of the mining licenses has been widely criticized, with many arguing that it undermines Ghana's reputation as a stable and attractive destination for foreign investment. Blue Gold has vowed to take the matter to international arbitration, citing the Bilateral Investment Treaty between Ghana and the UK.

The company's decision to pursue international arbitration is a clear indication of its determination to protect its interests in Ghana. Blue Gold has invested heavily in the country's mining sector and is keen to ensure that its investments are protected.