McDan’s Electrochem granted an undue monopoly in salt mining lease – Ivor Greenstreet
Flagbearer of the Convention People’s Party (CPP), Ivor Kobina Greenstreet has said a minerals agreement recently ratified by Parliament gives too much monopoly to an indigenous company.
Mining Lease Agreements for the Ada Songor Salt Project gives Electrochem Ghana Limited the mineral rights to dig for, mine and produce salt in the areas specified in the agreement for a term period of 15 years.
The national potential production capacity for salt is estimated at 2,330,000 metric tonnes out of which the area under consideration, accounts for about 1.4 million metric tonnes.
Speaking to journalists during a campaign tour on Thursday, November 12, 2020, Mr Greenstreet said the agreement gives too much monopoly to Electrochem in the salt-mining business.
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