The Ghana Integrated Aluminium Development Corporation (GIADEC) has signed a US$60 million facility agreement with Metalloïd Resources Investment LLC-S.P.C and the Ghana Integrated Bauxite Development Limited Company (GIBDLC) to scale up mining activities in Nyinahin in the Ashanti Region.
The agreement, concluded in Abu Dhabi on January 14, 2026, is expected to fast-track the development of the Nyinahin bauxite concession, a key component of Ghana’s long-term plan to build an integrated aluminium industry.
GIADEC said the facility will fund work on Hills 1–3 within the concession, with production levels to be increased in phases.
The investment forms part of a wider initiative to unlock an estimated 920 million tonnes of the country’s bauxite reserves and to expand value addition within the mining sector.
The project covers the development of a mine in Nyinahin, including the extraction of bauxite ore.
It is projected to create over 1,500 jobs, stimulate support industries, and contribute significantly to national economic growth through exports and local processing.
Chief Executive of GIADEC, Reindorf Twumasi Ankrah, described the partnership as a major boost to Ghana’s industrial transformation agenda, noting that it strengthens efforts to establish a fully integrated aluminium value chain.
Chief Executive of Metalloid, Ali Bin Jerais, said the funding reflects investor confidence in Ghana’s aluminium vision and the global competitiveness of the Nyinahin resource.
He added that the collaboration will emphasize sustainable development, best-practice mining standards, job creation, and local capacity building.
GIBDLC, the special purpose vehicle established by GIADEC for the project, will oversee implementation and commercial arrangements alongside Metalloid.
The agreement is expected to accelerate exploration, expansion, and commercialization of the Nyinahin bauxite resource, positioning Ghana as a major player in the global aluminium market.
Background
Ghana has been pursuing the creation of an integrated aluminium industry, anchored on bauxite mining, alumina refining, aluminium smelting and downstream fabrication. GIADEC, established by law in 2018, has the mandate to coordinate partnerships, attract investment and manage state interests in the sector.
The Nyinahin deposit is one of the country’s largest known bauxite reserves and features prominently in GIADEC’s four-project portfolio.
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