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FALSE PUBLICATION ON THE SONGOR SALT PROJECT

The attention of the management of Electrochem Ghana Ltd has been drawn to a publication which seeks to falsely malign the reputation of the company.

For the avoidance of doubt and benefit of clarity, the company states in no uncertain terms that the allegation that the company is fomenting divisions and instigating violence within the Ada area is untrue.

Mindful of its responsibilities as a leader in corporate citizenship and a wholly-owned Ghanaian business who understands the communities it serves, Electrochem Ghana Ltd. has since the commencement of its operations in Songor (Ada) undertaken and continues to implement key development programs for the area in keeping with its mission and pledge to support the Ada community in its development.

While reiterating its commitment to the larger Ada community, the company wishes to stress its resolve to protect its concession and its heavy investment and will readily report any act of criminality perpetuated by persons who routinely threaten its operations unlawfully to the appropriate authorities.

Electrochem is fully dedicated to the social transformation of Ghana and especially the chiefs and people of Ghana.


MANAGEMENT ELECTROCHEM GHANA LTD SEGE-ADA


Songor Salt Project

Electrochem Ghana Limited has been granted a 15-year mining lease by Parliament in October 2020 to explore the salt resource in the Songor Lagoon and surrounding communities.

The company has projected to produce two million metric tonnes of salt a year in the long term.

The Ada Songhor Salt Project produced 60,000 tonnes of salt last year, but the General Manager of Electrochem Ghana Limited, Mr David Cameron, said the company was already on track to produce over 200,000 tonnes by the end of 2021 after investing over $50 million into the project.