The Ghana Integrated Aluminium Development Corporation (GIADEC), Metalloid Resources Investment -LLC-S.P.C (Metalloid), and Ghana Integrated Bauxite Development Limited Company (GIBDLC), a GIADEC special purpose vehicle, are pleased to announce the execution of a US$60 million facility agreement aimed at advancing mining activities in Nyinahin, Ashanti Region.
This strategic partnership is part of GIADEC’s broader initiative to develop Ghana’s aluminium industry, focusing on the exploration and commercialization of the country’s estimated 920 million tonnes of bauxite reserves.
The funds will be invested in activities relating to hills 1-3, and they will be gradually scaled up to increase production volumes.
The facility will support the development of a mine, aligning with GIADEC’s vision to create an integrated aluminium industry. This includes the extraction of bauxite ore in the Nyinahin Concession. The project is expected to generate over 1,500 jobs, enhance local value addition, and make a significant contribution to Ghana’s economic growth.
Metalloid is proud to partner with GIADEC and GIBDLC to unlock sustainable value from Ghana’s bauxite reserves through disciplined investment, phased development, and international best-practice mining standards.
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