The landscape of Ghana’s mining industry is set to transform with the commencement of construction for the country’s first manganese refinery this August.
This significant development was announced by Mr. Samuel Abu Jinapor, the Minister of Lands and Natural Resources, at the 17th edition of the West African Mining and Power Conference and Exhibition (WAMPOC/WAMPEX) held in Accra.
The refinery project, a landmark venture for Ghana, will be led by Ningxia Tianyuan Manganese Industry Group Company Limited, the parent company of Ghana Manganese Company (GMC). This initiative marks a substantial step towards enhancing the value derived from the nation’s rich mineral resources.
Addressing the attendees at WAMPOC/WAMPEX, Mr. Jinapor emphasized the government’s commitment to ensuring that the benefits of Ghana’s mineral wealth are fully realized by its citizens. “To ensure that Ghanaians, who are, by our national Constitution, the owners of our mineral resources, benefit fully from these resources, we are putting in place measures to promote beneficiation and value addition, as well as local content and local participation in the sector,” he stated.
In alignment with these goals, the government has previously established a 400kg capacity gold refinery through a public-private partnership, underscoring its dedication to value addition in the mining sector. The forthcoming manganese refinery, with an estimated investment of US$450 million, is a continuation of these efforts to enhance the processing and export of minerals.
WAMPOC/WAMPEX: A Crucial Platform for Industry Growth
Mr. Michael Edem Akafia, the President of the Ghana Chamber of Mines, also spoke at the event, highlighting the importance of forums like WAMPOC/WAMPEX in fostering industry growth. He noted that the conference has a 40% conversion rate for turning prospects into tangible deals, showcasing its effectiveness as a platform for business development and collaboration.
“I would like to extend my sincere gratitude to all our sponsors, partners, and participants for their unwavering support and commitment to making this event a success. Your contributions are instrumental in creating a platform for dialogue, knowledge sharing, and collaboration essential for advancement and growth. Please join me in thanking and applauding them.”
Mr. Michael Edem Akafia
Mr. Akafia further encouraged active participation from all attendees, urging them to engage in networking discussions and seize the opportunities presented by the conference. “I encourage all of you to actively participate in the sessions, engage in the networking discussions, and seize the opportunities presented by this conference to contribute to the sustainable development of mining and power in West Africa. Past participants can attest to the lasting benefits from previous WAMPOC/WAMPEX events,” Mr. Akafia added.
This year’s forum, themed “The Mining and Power Hub: Driving Sustainable Investment Opportunities,” aims to underline the pivotal role of sustainable investment in the mining and power sectors. It brings together industry leaders, policymakers, and stakeholders to discuss strategies and forge partnerships that will drive the sectors forward.
Economic and Social Impacts of the Manganese Refinery
The establishment of the manganese refinery is expected to have far-reaching impacts on the local economy. By processing manganese locally, Ghana can retain more value from its mineral exports, create jobs, and stimulate ancillary industries. This move aligns with the broader governmental vision of not only exporting raw materials but also developing the capacity to add value within the country.
As construction begins this August, the manganese refinery stands as a testament to Ghana’s evolving mining industry. It signifies a shift towards greater self-reliance and value addition, ensuring that the country’s mineral wealth contributes more substantially to its economic development.
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