The Ghana Integrated Aluminium Development Corporation (GIADEC), Metalloid Resources Investment – LLC-S.P.C (Metalloid), and the Ghana Integrated Bauxite Development Limited Company (GIBDLC) have executed a US$60 million facility agreement to boost mining activities at Nyinahin in the Ashanti Region.
The agreement, announced in Abu Dhabi on January 14, 2026, marks a significant milestone in Ghana’s efforts to develop a fully integrated aluminium industry.
GIBDLC is a special-purpose vehicle established by GIADEC to advance the country’s bauxite and aluminium value chain.
The facility forms part of GIADEC’s broader strategy to explore and commercialise Ghana’s estimated 920 million tonnes of bauxite reserves.
Initial investments will focus on activities across Hills 1–3 within the Nyinahin concession, with production expected to scale up progressively over time.
According to the partners, the funding will support the development of a bauxite mine and reinforce GIADEC’s vision of positioning aluminium as a key pillar of Ghana’s industrial transformation. Beyond extraction, the project is designed to enhance local value addition, stimulate downstream opportunities, and strengthen Ghana’s role in the global aluminium supply chain.
The project is projected to create more than 1,500 direct and indirect jobs, providing a boost to local communities while contributing meaningfully to national economic growth.
Commenting on the agreement, GIADEC Chief Executive Officer, Reindorf Twumasi Ankra, described the partnership as a major step forward.
“This partnership marks a crucial step towards realising Ghana’s industrialisation ambitions,” he said.
Metalloid’s Chief Executive Officer, Ali Bin Jerais, said the facility reflects strong international confidence in Ghana’s aluminium potential.
He noted that the Nyinahin bauxite concession is globally competitive and that the partnership will focus on disciplined investment, phased development, and adherence to international best-practice mining standards.
He added that the project goes beyond production growth to building local capacity, creating sustainable employment, and laying the foundation for a fully integrated aluminium value chain with long-term economic benefits for Ghana.
The execution of the US$60 million facility underscores growing collaboration between Ghanaian institutions and international investors, as the country accelerates plans to transform its natural resource endowment into lasting industrial and economic value.
