$60M medium-term facility agreement secured to charge up Nyinahin bauxite mining operations

The Nyinahin bauxite project in the Ashanti Region, Ghana, gains momentum for mining development as The Ghana Integrated Aluminium Development Corporation (GIADEC), Metalloïd Resources Investment, LLC-S.P.C, and Ghana Integrated Bauxite Development Limited Company (GIBDLC) have secured a USD 60 million medium-term facility agreement.

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Announced in Abu Dhabi on Wednesday, January 14, the agreement supports GIADEC’s broader strategy to unlock Ghana’s estimated 920 million tonnes of bauxite reserves and translate geological potential into industrial output. Unlike earlier sector initiatives that focused largely on policy alignment, this facility is designed to fund immediate mining activity, starting with hills one to three of the Nyinahin concession, before scaling production in phases.

The funding will underpin the development of a fully operational bauxite mine at Nyinahin, reinforcing GIADEC’s long-term vision of creating an integrated aluminium value chain, spanning extraction, refining and downstream processing. Once operational, the project is expected to generate more than 1,500 direct and indirect jobs, boost local value addition and strengthen Ghana’s export-oriented industrial base.

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GIADEC’s Chief Executive Officer Reindorf Twumasi Ankrah described the deal as a turning point for Ghana’s industrial agenda, stating, “This partnership marks a crucial step towards realising Ghana’s industrialisation ambitions.” 

From the investor perspective, Ali Bin Jerais, Chief Executive Officer of Metalloïd Resources Investment, said the facility demonstrated market confidence in the country’s aluminium roadmap. “This facility represents a strong vote of confidence in Ghana’s long-term aluminium vision and in the Nyinahin bauxite concession as a globally competitive resource,” he noted.

Mr Bin Jerais added that Metalloïd’s approach would prioritise phased development, disciplined capital deployment and adherence to international best-practice mining standards, emphasising that the project goes beyond production volumes. 

“Beyond production growth, this project is about building local capability, creating meaningful employment, and laying the foundations for a fully integrated aluminium value chain that delivers enduring economic impact for Ghana,” he said.