24 JUNE 2013Ghanaweb.com
Ghana’s bauxite exports soar
Edited by : AL CIRCLE
1 min read
The export of bauxite by the Ghana Bauxite Company increased significantly by 88 per cent from 400,069 tons in 2011 to 752,771 tons in 2012.
“The increase in volumes contributed to a significant increase in the corresponding mineral revenue by about 113 per cent from $13,406,433 the year earlier to $28,495,592 in 2012,” Dan Owiredu President of the Ghana Chamber of Mines stated.
He noted that the achievement was due to Ghana Bauxite Company’s decision to haul its ore by road instead of the more cost effective and appropriate rail transport.
He emphasised that “the poor rail infrastructure is a major constraint which could potentially impact the long-term viability and sustainability of the two bulk mining companies in Ghana, namely Ghana Bauxite Company and Ghana Manganese Company.”
He stated that figures from the Minerals Commission indicate that the mining industry attracted an amount of $1.0 billion in total investment inflow into the country in 2012.
These investments, he said, came from producing, exploration and support service companies.
“The increase in volumes contributed to a significant increase in the corresponding mineral revenue by about 113 per cent from $13,406,433 the year earlier to $28,495,592 in 2012,” Dan Owiredu President of the Ghana Chamber of Mines stated.
He noted that the achievement was due to Ghana Bauxite Company’s decision to haul its ore by road instead of the more cost effective and appropriate rail transport.
He emphasised that “the poor rail infrastructure is a major constraint which could potentially impact the long-term viability and sustainability of the two bulk mining companies in Ghana, namely Ghana Bauxite Company and Ghana Manganese Company.”
He stated that figures from the Minerals Commission indicate that the mining industry attracted an amount of $1.0 billion in total investment inflow into the country in 2012.
These investments, he said, came from producing, exploration and support service companies.
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