The Ghana Integrated Aluminium Development Corporation (GIADEC), Metalloid Resources Investment LLC-S.P.C, and Ghana Integrated Bauxite Development Limited Company (GIBDLC) have signed a US$60 million facility agreement to support mining operations at Nyinahin in the Ashanti Region.
The agreement, executed in Abu Dhabi on January 14, 2026, is part of GIADEC’s broader strategy to develop Ghana’s aluminium industry by unlocking the country’s estimated 920 million tonnes of bauxite reserves.
The funding will initially focus on mining activities at hills 1 to 3 within the Nyinahin concession, with plans to scale up production over time.
The facility will support mine development under GIADEC’s vision of building a fully integrated aluminium value chain, starting with the extraction of bauxite ore.
The project is expected to create more than 1,500 direct jobs, boost local value addition, and contribute significantly to national economic growth.
“This partnership marks a crucial step towards realizing Ghana’s industrialization ambitions,” GIADEC Chief Executive Officer, Reindorf Twumasi Ankrah, said.
Metalloid CEO, Ali Bin Jerais, described the agreement as a strong endorsement of Ghana’s aluminium prospects.
“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 the project goes beyond mining output. “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.”
The Nyinahin project forms a central pillar of GIADEC’s efforts to position Ghana as a key player in the global aluminium industry through sustainable and internationally competitive mining practices.
