The funds will initially be invested in mining activities in the Nyinahin concession
The Ghana Integrated Aluminium Development Corporation (GIADEC), Metalloïd Resources Investment – LLC-S.P.C (Metalloid), and Ghana Integrated Bauxite Development Limited Company (GIBDLC) have signed a US$60 million facility agreement to support mining activities in Nyinahin in the Ashanti Region.
The agreement was executed in Abu Dhabi on January 14, 2026, and is aimed at accelerating the development of Ghana’s aluminium industry through the exploration and commercialisation of the country’s estimated 920 million tonnes of bauxite reserves.
According to the parties, the funds will initially be invested in mining activities relating to hills 1-3 in the Nyinahin concession, with plans to gradually scale up operations to increase production volumes.
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The facility will support the development of a mine in line with GIADEC’s vision of establishing a fully integrated aluminium industry in Ghana. This includes the extraction of bauxite ore from the Nyinahin concession, as well as the creation of value-added opportunities across the aluminium value chain.
The project is expected to generate more than 1,500 jobs, enhance local value addition, and make a significant contribution to Ghana’s economic growth.
“This partnership marks a crucial step towards realising Ghana’s industrialisation ambitions,” GIADEC Chief Executive Officer, Reindorf Twumasi Ankrah said.
CEO of Metalloid, Ali Bin Jerais on his part described the facility as a strong endorsement of 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 said.
He added that Metalloid was proud to partner with GIADEC and GIBDLC to unlock sustainable value from Ghana’s bauxite reserves through disciplined investment, phased development, 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,” he noted.
MA
