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GIADEC Managing Ghana’s Aluminium Value Chain

Ghana Built-in Aluminium Improvement Company (GIADEC) was established by an Act of Parliament, (Act 976) to develop and promote a globally aggressive Built-in Aluminium Business (IAI) in Ghana.

Empowered by its object underneath the Act 976, GIADEC will maintain and handle all of the Authorities of Ghana (GoG)’s present and future pursuits and investments within the IAI which incorporates your complete worth chain within the manufacturing of aluminium. GIADEC presently has GoG’s whole shares in two (2) present corporations – Volta Aluminium Firm Restricted (VALCO) and Ghana Bauxite Firm Restricted (GBC).

GIADEC is in search of to accomplice with strategic traders together with native participation throughout your complete bauxite and aluminium worth chain – mining, refinery, smelter, and downstream industries. GIADEC, along with a Ghanaian non-public accomplice shall maintain not lower than a 30% stake in any new IAI enterprise involving a mine, refinery, or smelter.

The implementation of Ghana’s IAI consists of the execution of 4 (4) key initiatives which contain the enlargement of two present operations and the event of two further ones by three way partnership partnerships.

The underlisted initiatives make up GIADEC’s 4 key initiatives:

Undertaking 1 – Enlargement of present mine at Awaso and constructing of a refinery

Undertaking 2 – Improvement of a mine at Nyinahin-Mpasaaso and a refinery resolution

Undertaking 3 – Improvement of a mine at Kyebi, a second mine at Nyinahin-Mpasaaso, and constructing of a refinery

Undertaking 4 – The modernisation and enlargement of the VALCO smelter to enhance effectivity and enhance capability

By means of a sequence of engagements with Authorities of Ghana stakeholder organisations, GIADEC has developed a Strategic Define Masterplan for Ghana’s IAI.

The define masterplan underpins the execution of Ghana’s IAI and informs our traders and stakeholders. The doc additionally highlights the next:

All the important thing parts reminiscent of infrastructure, allied industries, and the regulatory, statutory, and environmental frameworks required to help the IAI in Ghana.

Supporting infrastructure initiatives and timing for completion.

GIADEC, in keeping with its Grasp Plan, will develop 4 mining concessions; this may contain the enlargement of the Awaso mine which is already in operation, and the constructing of three further ones (2 in Nyinahin-Mpasaaso and 1 in Kyebi).

Ghana presently doesn’t have a bauxite – alumina refinery. All bauxite mined by the Ghana Bauxite Firm is exported in a foreign country; with all alumina (refined bauxite) wanted by VALCO for its operations, being imported. GIADEC in collaboration with its companions will develop, at the least, two refineries with a mixed capability of 4-6 million tonnes of alumina (refined bauxite).

4 (4) Initiatives of IAI Defined

Undertaking 1 – Enlargement of present Awaso mine and growth of a refinery

The Awaso mine has been in existence for the reason that Forties. It presently mines roughly 1 million metric tonnes every year of bauxite. Consistent with our plans to construct an Built-in Aluminium Business, the Awaso mine will probably be expanded to supply 5 million tonnes of bauxite yearly.

The mission can even embrace the development and operation of a refinery with a capability of roughly 1.6 million tonnes every year.

Undertaking 2 – Improvement of a mine at Nyinahin-Mpasaaso and a refinery resolution

Rocksure Worldwide Restricted, the chosen accomplice for Undertaking 2, is presently on-site and has commenced drilling and Mineral Useful resource Estimation works at Mpasaaso. Land Survey (drone flyover), reconnaissance, and mobilisation have been accomplished.

The constructive financial impression of the actions of Rocksure Worldwide Restricted even at this preliminary stage is noticeable and this consists of the creation of jobs for the native youth.

Undertaking 3 – Improvement of a mine at Kyebi, a second mine at Nyinahin-Mpasaaso and constructing of a refinery

Undertaking 3 will set up a mine in Kyebi, and a second mine within the Nyinahin-Mpasaaso space. Every mine is anticipated to supply a minimal of 5 million metric tonnes of bauxite yearly.

The mission can even embrace the development of a refinery.

Undertaking 4 – VALCO revamp by a partnership with strategic investor

GIADEC, as a part of VALCO’s restoration plan, will modernise the aluminium producing plant and enhance its manufacturing capability to 300,000 metric tonnes a yr. Gear that has been used for the reason that Sixties will probably be upgraded to new and extra environment friendly expertise.  This retrofitting will drive the downstream sector which relies on aluminium as its uncooked materials to supply aluminium merchandise.