Ghana is set to benefit from a new alumina refinery following the successful selection of a strategic partner that will work with the Ghana Integrated Aluminium Development Corporation (GIADEC) to deliver Project 3A, one of four (4) projects being executed under the Integrated Aluminium Industry (IAI) projects.
President Akufo-Addo, who witnessed the signing of the agreements between the two parties at a brief event held in Accra, stressed that the execution of Project 3A—the development of a mine at Nyinahin-Mpasaaso and the construction of an alumina refinery—will put an end to decades of exporting raw bauxite from the country to the refining of bauxite mined in Ghana to produce alumina that will feed the VALCO smelter.
The President commended the Board, Management and Staff of GIADEC for what he described as tremendous work at ensuring that the missing link in Ghana’s aluminium industry, an alumina refinery, is finally going to be established. President Akuo-Addo emphasized that the selection of a credible and leading global metallurgy and energy company, Mytilineos S.A., as GIADEC’s partner on Project 3A will pave the way for more investments from other global giants in the Integrated Aluminium Industry.
Minister of Lands and Natural Resources, Mr. Samuel Abu Jinapor in his remarks noted that the government will continue to create the right investment climate for businesses to thrive and provide the needed support towards the development of a fully functional Integrated Aluminium Industry in Ghana.
The Chief Executive Officer of GIADEC, Mr. Michael Ansah, noted on his part that GIADEC will continue to drive the development of a vibrant downstream sector that will take full advantage of the ever-growing need for aluminium and aluminium-related products, especially the fast-growing automobile sector in Ghana.
The Chief Strategy and M&A Officer at MYTILINEOS Energy & Metals, Elenos Karaindros, noted that MYTILINEOS has been a longstanding partner in Ghana, leveraging the country’s extensive experience in numerous power projects, adding that MYTILINEOS is committed to the highest global standards of ESG excellence.