GIADEC and Bauxite Minerals Group sign MoU for expanding bauxite operations in Ghana

The Ghana Integrated Aluminium Development Corporation (GIADEC) and Bauxite Minerals Group have entered into a memorandum of understanding (MoU) for expanding bauxite mining operations in Awaso, Ghana.

The MoU will expand bauxite operation from one million tonnes to approximately 5 million tonnes of bauxite.

CEO, Micheal Ansah, said, “We have signed a memorandum of understanding with our current partners in Awaso, Bauxite Minerals Group and that MOU is around expanding the bauxite mining operations from one million metric tonnes to about 5 million metric tonnes of bauxite”.

 “We have done so many preparation work leading to the signing of this agreement and we are talking to other investors and the inauguration of the 19-member committees in all these areas is all part of that.

“We are in a final rounds of the investor engagement process that we launched about a year ago and that process is selecting some strategic partners to mine the bauxite and carry out refinery activities and also that will lead to retrofitting our Valco Plant.

“So That process is coming to our end and we will mine the bauxite in Awaso, Nyinahini and also Kyebi.”

GIADEC has also planned to construct a 1.6 million metric tonnes of alumina facility as part of the framework of the MoU signed awaiting execution.