The Minister of Lands and Natural Resources, Hon. Samuel Abu Jinapor has emphasised that all the lithium that will be mined in Ghana will be refined before exported.
Addressing a press briefing in Accra on Thursday, December 7, he said this is why the mining lease government signed with Barari DV Ghana Ltd includes a provision for the building of a refinery.
“… as we have said, we will not export lithium in its raw state. That is why the Mining Lease includes provisions for the establishment of a refinery and the provision of the by-products to local industries,” Samuel Abu Jinapor said.
Barari DV Ghana Limited, a subsidiary of Australian-based Atlantic Lithium Limited, was granted a 15-year mining lease in October 2023 for the exploitation of lithium in the Ewoyaa area of the Central Region. The project, with a life of twelve years, is expected to produce approximately 350,000 tonnes of concentrate at 5.5-6% lithium oxide.
In the last few weeks, many have raised concerns about the deal, insisting that Ghana should have a bigger share in mining the mineral.
At the press conference on Thursday, the Minister for Lands and Natural Resources rejected this claim, insisting that the agreement with Barari DV Ghana Ltd is the best.
“Distinguished Guests, Ladies and Gentlemen, in everything we have done with this mining lease, the interest of the Ghanaian people has been paramount. The Government of President Akufo-Addo remains committed to the prudent, effective, and efficient management of the natural resources of our country which have been entrusted to us, and doing so in the spirit of transparency, integrity, candour, and utmost good faith for the benefit of our nation. We remain focused on this goal, and call on you all, nationals and residents of our country, to support Government in this quest,” Samuel Abu Jinapor said.
According to Samuel Abu Jinapor, the unique aspect of the contract is the fact that it includes a 10% royalty rate and a substantial 19% state participation, aiming to secure greater value for the nation.
He said government’s ambition is to scale it up to a minimum of thirty percent (30%) Ghanaian participation through listing on the Ghana Stock Exchange for shares to be made available to Ghanaians and Ghanaian entities.
He further noted that the issue of ratification of the mining lease, which has been raised by several people, has never been lost on government in the process of negotiating the deal.
He said this is why it is expressly provided for in the Mining Lease granted to Barari DV Ltd and the agreement will be duly ratified.