{"id":248035,"date":"2024-11-08T13:09:31","date_gmt":"2024-11-08T13:09:31","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/11\/08\/manganese-has-potential-to-drive-ghanas-economy-gmc-2\/"},"modified":"2024-11-08T13:09:31","modified_gmt":"2024-11-08T13:09:31","slug":"manganese-has-potential-to-drive-ghanas-economy-gmc-2","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/11\/08\/manganese-has-potential-to-drive-ghanas-economy-gmc-2\/","title":{"rendered":"Manganese has potential to drive Ghana&#8217;s economy \u2013 GMC"},"content":{"rendered":"<p><\/p>\n<div style=\"-webkit-user-select: none; -webkit-touch-callout: none; -moz-user-select: none; -ms-user-select: none; user-select: none;\">\n<p id=\"article-123\">Manganese ore possesses significant potential for various sectors of Ghana\u2019s economy, including the metal, automotive, and agricultural industries on a global scale, the Manager, of Social Responsibility, Ghana Manganese Company (GMC), Wisdom Adjei Mensah, has revealed.<\/p>\n<p>Manganese, he said, had a very huge commercial uses, stating that, \u201cwithout manganese, you can\u2019t have steel, because it\u2019s a compo\u00adnent that helps in strengthening steel.\u201d<\/p>\n<p>Mr Mensah made these rev\u00adelations when the Journalists for Business Advocacy (JBA) went on a mine tour organized by the Ghana Chamber of Mines (GCM) at Nsu\u00adta in the Western Region.<\/p>\n<p>He stated that manganese played a significant role in battery manufacturing and was also utilised as a pigment in fertilizers, stressing that manganese was an essential component of fertilizers.<\/p>\n<p>He indicated that the soil in Nsuta was exceptionally fertile, noting that the leaves remain green even during the dry season.<\/p>\n<p>\u201cWe are indeed fortunate. Regarding alloys, which are com\u00adbinations of metals, manganese is indispensable for their production. Additionally, there exists a specific chemical known as potassium manganese,\u201d Mr Mensah ex\u00adplained.<\/p>\n<p>In terms of global manganese consumption, he stated, approx\u00adimately 75 per cent of the man\u00adganese produced is utilised by the steel industry, while 20 per cent was allocated for battery produc\u00adtion, and the remaining 5 per cent was used in fertilizer manufactur\u00ading.<\/p>\n<p>On the current business outlook for GMC, he noted that the company had made significant investments in large fleets support\u00aded by advanced technology, which includes heavy-duty equipment, excavators, and dump trucks.<\/p>\n<p>He emphasised the necessity of finding effective means to trans\u00adport these materials to the market in Takoradi.<\/p>\n<p>He pointed out that while transporting materials by rail would be advantageous from a business perspective, the considerable chal\u00adlenges in meeting set targets have compelled them to rely on road transport.<\/p>\n<p>Mr Mensah further stated that GMC is the sole commercial user and service provider for the Ghana Railway Company (GRC), saying, \u201cWith a haulage distance of only 63 kilometres between the mine and the port, the company is convinced that railway transport should ultimately be the preferred option. However, due to years of underinvestment in the Western rail line, the majority of the ore is currently transported by road over a distance of 92 kilometres.\u201d<\/p>\n<p>He mentioned that despite these challenges, GMC had devel\u00adoped strategies to ensure that the announcement of value-addition initiatives was successfully imple\u00admented.<\/p>\n<p>Regarding the new GMC re\u00adfinery project set to commence on November 25, the General Manag\u00ader, Joseph Ampong, indicated that it aimed to upgrade the existing low-grade carbonate manganese into a product of higher value and improved marketability.<\/p>\n<p>He said the first phase of the project was anticipated to be completed within 24 months and would include the construction of a 45MW natural gas power plant and a mechanical power transmis\u00adsion refinery.<\/p>\n<p>\u201cThe expected cost for this phase is approximately $240 million, with phases two and three projected to bring the total investment in the refinery to $450 million. GMC currently produces between 20 to 30 million tons, but with ongoing exploration improve\u00adments, they are now estimated to have over 50 million tons in reserve, in addition to what has already been mined,\u201d he explained.<\/p>\n<p>Mr Ampong further elaborated that the project would also involve associated logistical investments in a dedicated mineral railway line and the utilisation of the Port of Takoradi to enhance GMC\u2019s operational capabilities for future manganese ore exports.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Manganese ore possesses significant potential for various sectors of Ghana\u2019s economy, including the metal, automotive, and agricultural industries on a global scale, the Manager, of Social Responsibility, Ghana Manganese Company (GMC), Wisdom Adjei Mensah, has revealed. Manganese, he said, had a very huge commercial uses, stating that, \u201cwithout manganese, you can\u2019t have steel, because it\u2019s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":248036,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-248035","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Manganese has potential to drive Ghana&#039;s economy \u2013 GMC - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/11\/08\/manganese-has-potential-to-drive-ghanas-economy-gmc-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Manganese has potential to drive Ghana&#039;s economy \u2013 GMC - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Manganese ore possesses significant potential for various sectors of Ghana\u2019s economy, including the metal, automotive, and agricultural industries on a global scale, the Manager, of Social Responsibility, Ghana Manganese Company (GMC), Wisdom Adjei Mensah, has revealed. 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