The Ghana Integrated Aluminium Development Corporation (GIADEC), Metalloïd Resources Investment – LLC-S.P.C, and Ghana Integrated Bauxite Development Limited Company (GIBDLC) have executed a US$60 million medium-term facility agreement to accelerate mining activities at Nyinahin in the Ashanti Region.
The agreement, announced in Abu Dhabi on Wednesday, January 14, forms part of GIADEC’s broader strategy to develop an integrated aluminium industry in Ghana, anchored on the exploration and commercialisation of the country’s estimated 920 million tonnes of bauxite reserves.
Under the arrangement, the funding will be deployed initially to support mining activities across hills one to three of the Nyinahin concession, with production expected to be scaled up progressively over time.
The facility will underpin the development of a bauxite mine at Nyinahin, in line with GIADEC’s long-term vision of establishing a fully integrated aluminium value chain in Ghana, from bauxite extraction to downstream processing. The project is projected to create more than 1,500 jobs, enhance local value addition, and contribute significantly to national economic growth.
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Chief Executive Officer of GIADEC, Reindorf Twumasi Ankrah, described the partnership as a major milestone in Ghana’s industrialisation drive. “This partnership marks a crucial step towards realising Ghana’s industrialisation ambitions,” he said.
Ali Bin Jerais, Chief Executive Officer of Metalloïd Resources Investment, said the facility reflected strong investor confidence in Ghana’s aluminium development agenda. “This facility represents a strong vote of confidence in Ghana’s long-term aluminium vision and in the Nyinahin bauxite concession as a globally competitive resource,” he noted.
He added that Metalloïd was committed to unlocking sustainable value from Ghana’s bauxite reserves through phased development, disciplined investment, and adherence to international best-practice mining standards.
“Beyond production growth, this project is about building local capability, creating meaningful employment, and laying the foundations for a fully integrated aluminium value chain that delivers enduring economic impact for Ghana,” Mr Bin Jerais said.
The Nyinahin project is expected to play a central role in Ghana’s ambition to leverage its natural resources to drive industrial development, job creation, and export growth.
For further information, GIADEC may be contacted through Priscilla Hemans, Public Affairs and Communications Manager; Metalloïd Resources Investment through Aisha AlNaqbi, Senior Communications Specialist; and GIBDLC through Dr Edem Amegashie, Commercial and Trading Director.
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