President Ghana: We have bauxite and are selecting international partners! Light mining is not enough!

According to foreign news reports, in Ghana ’s President Naku Akufo-Addo ’s State of the Union address last week, he revealed that Ghana ’s Integrated Aluminum Development Corporation (GIADEC) will decide to establish a joint venture by the end of the year to develop more Bauxite resources.
 
Speaking in the Ghanaian parliament on Thursday, President Akufoado said the decision was one of the government's broader industrialization development plans for the country.

President Akufoado said, "We have finally decided to develop our bauxite, manganese and iron ore, which enables us to build a complete bauxite and aluminum industry, and the steel industry. To this end, Ghana has formed the Ghana Comprehensive Bauxite and aluminum development company and Ghana Integrated Steel Corporation to implement the development of related resources. Entering 2020, we are selecting joint venture partners to develop the full value chain of these two multi-billion dollar industries, which will be extremely The earth is promoting industrialization in Ghana. "
 
Akufo-Addo's government is considering a partnership with a company that will build alumina refineries in the country and connect them to the rail system.
 
In 2017, the Ghanaian government reached an agreement with China. Under the $ 10 billion agreement, Chinese companies will build alumina refineries and railway infrastructure in Ghana, and carry out other bauxite-related infrastructure projects. In return, Chinese mining companies will be able to mine Ghana ’s Bauxite resources.
 
Overall, the agreement granting Ghana's bauxite mining rights has come under fire from environmental interest groups on the grounds that the agreement could cause damage to Ghana's forest areas and watersheds. Akufo-Addo promises that all of these projects will be carried out in an environmentally responsible manner with negligible harm to Ghana's flora and fauna.
 
According to another report, according to Ghana's official estimates, Ghana's bauxite reserves are estimated to exceed 1.5 billion tons. In addition, there are about 200 million tons of bauxite reserves in the Atiwa Mountains range of Kyebi, 350 million tons of reserves in Nyinahin, and 1 billion tons of reserves in Awaso. The estimated value of these bauxite reserves is huge.