Ken Ashigbey rejoins Kofi Bentil’s Facebook post on Gold Fields
Ken Ashigbey responded to a Facebook post by Kofi Bentil regarding Gold Fields. Ashigbey warned against using selective information to create misleading impressions. He specifically addressed a figure of 30,000 US dollars mentioned as payment for a mining lease. He stated that the lease followed standard agreements used for other mining companies at the time. He argued that isolating this specific amount misrepresents the total cost to acquire and maintain mining rights.
Kofi Bentil, my brother, I have responded to the issues you raised, but let me reiterate a few important points. We must be careful not to present selective information in a manner that creates a misleading impression. First, on the US$30,000 purportedly paid for the mining lease. Ghana has historically used standard mining lease agreements, and Gold Fields' lease was not materially different from those issued to other mining companies at the time. The consideration provision in the lease must therefore be understood within that context. It is misleading to isolate the US$30,000 figure and present it as the total amount Gold Fields paid to acquire and maintain its mining rights.