The Ghana Integrated Aluminium Development Corporation (GIADEC) has reportedly secured six new bauxite mining licences and achieved an essential milestone towards realising the country’s long-standing vision of building a fully integrated aluminium industry.
Image source: Ghana Bauxite Company
The news came on Thursday, June 12, after Chief Executive Officer of the Corporation, Reindorf Twumasi Ankrah, confirmed the arrival of new mining licences that would help Ghana unlock its full mining potential of estimated 920 million tonnes of bauxite in three major locations - Nyinahin, Awaso, and Kyebi.
“This is the foundation of a fully integrated aluminium value chain that begins in the soil and ends with high-grade aluminium products for global export.” Mr Ankrah aptly remarked, highlighting the transformational scope of development.
Advancing Ghana’s industrial vision
Mr Ankrah reaffirmed that these new mining licences align seamlessly with the broader national vision spearheaded by President John Dramani Mahama to advance industrialisation in the country through natural resource utilisation instead of exporting it to foreign lands. After decades of exporting raw bauxite, Ghana wants to take control of its natural resources and multiply its economic value by processing the bauxite ore into alumina, aluminium, and downstream products, leveraging investments and partnerships with global and regional aluminium giants.
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