Northern Ashanti Mines invested nearly $200m before lease termination – Director

Director and shareholder of Northern Ashanti Mines, Fredrick Okine, has expressed concern over the government’s termination of the company’s mining lease, citing an investment of nearly $200 million in exploration and the construction of a new processing plant.Speaking on the Citi Breakfast Show on Tuesday, October 27, Mr Okine said the investment was financed through local banks, with the company relying on local engineering expertise to construct the plant over the past two years.