New Era for Aluminium Industry: GIADEC Granted 6 Mining Leases
Ghana Integrated Aluminium Development Corporation (GIADEC) has been granted six new mining leases—including in key zones like Awaso, Nyinahin, and Kyebi—accelerating the government's vision for an integrated aluminium value chain . 1. What the Leases Cover Awaso: The Ghana Bauxite Company’s lease was ratified by Parliament in June 2024; operations date back to the 1940s. Nyinahin & Mpasaaso: ABL (a JV of GIADEC and Rocksure) secured Project 2, including community development provisions—like 1% revenue for local infrastructure—pending parliamentary approval . Kyebi: Also among the six new hill leases, covering 90 km² in the Atewa area. 2. Part of a Strategic Chain Development These leases align with Ghana's broader push—through Act 976 (2018)—to complete the full aluminium chain from bauxite mining to alumina refining to smelting, including planned refinery and VALCO modernisation . 3. Economic Upside & Local Benefits Economic boost: GIADEC […]
