Coal India, the world’s largest coal producer, is evaluating bauxite opportunities in Ghana as the Indian state-controlled miner eyes expansion beyond coal and to secure overseas mineral assets. The Ghana interest is part of a wider plan to establish Coal India’s first overseas trading office in...
Volta Aluminium Company Limited (VALCO) plans to move further into Ghana’s aluminium value chain with a new continuous casting and rolling mill that will produce aluminium rods for electrical cable manufacturers. The company has already supplied test samples to Nexans Kablemetal and Reroy Cables,...
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Aluworks Limited, the aluminium products manufacturer, says its market share has shrunk as cheap imported substitutes continue to undercut its business. Kwadwo Kwarteng, board chairman, told the B&FT in Accra on the sidelines of this year's annual general meeting that the company’s market share has...
The Minister of Energy and Petroleum, Mr Emmanuel Armah-Kofi Buah, has tasked the board of directors of the Tema Oil Refinery (TOR) and the Volta Aluminum Company (VALCO), to work hard to address the challenges confronting their respective organisations and the sector as a whole. He said although...
According to the report, the UAE’s aluminum and petrochemicals exports to African non-Arab countries in 2012 stood at $6.5 billion, accounting for only 1.8 percent of their total imports which stood at $352 billion in the same year. In 2012, five African countries including South Africa, Nigeria,...
Ghana will boost power production during its World Cup matches and asked the nation’s largest aluminum smelter to reduce consumption to make sure that scheduled blackouts don’t interfere with Black Stars’ games. Neighbor Ivory Coast has agreed to supply 50 megawatts to Ghana during its games, which...
A-ROCHA Ghana, a non- governmental organisation (NGO) that is into forest research, has called on the government to stop illegal miners from extracting bauxite from the Atiwa Forest. According to the NGO, the Atiwa forest is noted as a water tower, animal and vegetation forest reserve in the...
Aluworks Limited, an aluminium products manufacturing company, is to raise its annual production capacity from the existing 30,000 tonnes to 50,000 by the middle of the year. This follows the installation of a new cold-rolling mill to replace the existing one. The current mill has been in operation...
President John Dramani Mahama has announced that government would soon come out with a declaration on the establishment of an Alumina industry. He said the establishment of the industry would not only add value to the production of bauxite for export, but would also create a number of job...
A multi-national Chinese construction firm, Huasheng Jiangquan Group, has identified Shama District as a viable place for the construction of an aluminium processing plant. The District hosts the Aboadze Thermal Plant, the Regulatory and Metering Station of the West African Gas Pipeline Company,...
The acting Chief Executive of the Volta Aluminium Company (VALCO), Mr Dan Achampong, has challenged the government to make VALCO process the country’s bauxite into alumina, to reduce the cost of aluminium. He said this will help create over two million jobs and also make the aluminium industry a...
The value of the Ghana’s mining sector is anticipated to reach US$774million in 2017, up from US$669 million in 2012, as bauxite and gold production see substantial increases, B&FT has gathered. “This is a significant break from the past decade, when the mining sector value barely rose as gold...
The introduction and increases in taxes and levies by the government, its agencies and local governments are among uncertainties and risks associated with mining in Ghana, Dr Tony Aubynn, Chief Executive Officer of the Ghana Chamber of Mines, has said. These was contained in an address read on his...
Recent revelation that foreign mining companies retain close to 100 per cent of their earnings should be a wake-up call to restore sanity in Ghana's mining industry, Prince William Ankrah, General Secretary, Ghana Mines Workers Union (GMWU), has stated. "If today parliamentarians are hearing that...
Volta Aluminum Company (VALCO) has begun moves to get a dedicated power plant, energy Minister Emmanuel Buah has revealed. The Tema-based alumina smelter, now wholly owned by the Government of Ghana, largely relies on power from the Akosombo Dam for its operations. Its humongous power needs has...
Ghana is set to create more than 2.3 Million jobs under the Integrated Aluminium Project, which has been described as the key to growing the economy with a capital injection of about 8billion dollars. Under the Integrated Aluminium Project, an Aluminium refinery is to be constructed to refine the...
Ghana could lose over $350 billion of revenue from the bauxite industry if measures are not put in place to establish a refinery and integrate the various players in the precious minerals’ value chain. This is according to the Volta Aluminum Company (VALCO). A conservative estimate of Ghana’s...
Energy expert, Dr Charles Wereko-Brobby, has said VALCO must not be shut down, but must be made to pay realistic tariffs. He said instead of subsidising VALCO’s energy tariffs, companies that benefit from the smelter’s operation must come together to contribute to the overall tariff of the company....
The World Bank has said that in the current context of load-shedding, it would be economically prudent decision for Government of Ghana to shut down the Volta Aluminum Company (VALCO), the state-owned aluminium smelter, and provide the power to other consumer segments that pay tariffs closer to the...
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...
