GIADEC announces the implementation of four Integrated Aluminium Industry projects

　　GIADEC announces the implementation of four Integrated Aluminium Industry projects

　　The news came after Ansah noted at the launch of GIADEC’s IAI projects on Tuesday, September 14, that “GIADEC launched a 3-Round investor engagement process from March 2019, to select strategic partners. The competitive and transparent process, which was advertised broadly, was rigorous and thorough. It attracted interest from 39 companies from Ghana and across the world. We held Investor Engagement Meetings in Accra, and conducted Round 1 (capacity), Round 2, Round 3.”

　　He added, “The process has culminated in the selection of strategic investors, and we shall shortly witness the ceremony to unveil our first partner - a fully owned Ghanaian company, that has demonstrated the capability to succeed in this sector! This is a major step towards building capacity in Ghana, and backing local champions that can compete with the best across the world!”

　　The IAI projects will involve investments to revamp and expand the existing businesses, including the bauxite mine at Awaso and the aluminium smelter at Tema. Besides, the projects involve attracting investments to develop new bauxite mines at Kyebi and Nyinahin and to build new alumina refineries.

　　According to Michael Ansah, GIADEC's objective is to promote private sector-led growth in partnership with private organisations and attract significant investments to develop and maximise the potential of all core and non-core areas in the sector.

　　Outlook for the Indian Aluminium Industry

　　He noted that GIADEC’s journey to date involves development in mining communities. “We have invested in qualifying historical data, to verify and understand the quality and quantity of our bauxite resources. We have driven an integrated approach to develop a master-plan, and established working groups, focused on 4 areas critical to success,” said Michael Ansah.

　　He also mentioned that GIADEC’s transport working group had been collaborating with stakeholders for the development of vital infrastructure, including the railways and port facilities, to aid efficient transportation of bauxite and bulk materials.