{"id":59945,"date":"2023-11-18T16:05:37","date_gmt":"2023-11-18T16:05:37","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/?p=59945"},"modified":"2023-11-18T14:49:38","modified_gmt":"2023-11-18T14:49:38","slug":"president-receives-mre-results-on-nyinahin-block","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/president-receives-mre-results-on-nyinahin-block","title":{"rendered":"President receives MRE results on Nyinahin Block"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>Rocksure Interna\u00adtional, has submit\u00adted the Mineral Resource Estimate (MRE) results on Nyinahin Block B comprising hills four, five and six in the Ashanti Region to Pres\u00adident Nana Addo Dankwa Akufo-Addo.<\/b><\/p>\n

Rocksure International is the strategic partner select\u00aded by the Ghana Integrated Aluminium Development Corporation (GIADEC) for the execution of project two of the Integrated Aluminium Industry (IAI) masterplan.<\/p>\n

The MRE, a key compo\u00adnent of the development of the whole IAI in the coun\u00adtry, estimates a significant bauxite deposit of more than 375,000,000 metric tonnes in the three hills 4, 5, and 6 of the Nyinahin hills, 50 per cent more than the initial 250,000,00 metric tonnes estimated.<\/p>\n

With the MRE completed and official estimates of the volumes of bauxite in that area, GIADEC and its partner, Rocksure are set to commence with the processes for a mining lease from the Minerals Commission, cabinet approval and subsequent Parliament approval.<\/p>\n

It also sets the stage for the development of the project 2 of the IAI masterplan which compris\u00ades the establishment of a mine and refinery solutions at Nyinahin.<\/p>\n

Receiving the MRE at the Jubilee House in Accra yesterday, Pres\u00adident Akufo-Addo commended GIADEC and its partner, Rocksure for successfully undertaking and completing the resource audit.<\/p>\n

He said the whole IAI master\u00adplan, aligned with the government\u2019s agenda of adding value to the country\u2019s vast mineral resources, key amongst them being bauxite resources.<\/p>\n

\u201cThis is exceptionally good news today. I congratulate all of you involved in this very important step for the country that is being taken. I will continue to provide you with the maximum support that you need to make sure that this whole thing becomes a reality,\u201d he emphasised.<\/p>\n

President Akufo-Addo said the MRE results represented the first-ever of such, adding that this departs from the historical esti\u00admates and projections.<\/p>\n

He said the scientific manner in which the MRE had been conduct\u00aded would create a positive impact on investor confidence and bring credibility to the whole agenda of IAI development.<\/p>\n

On his part, the Chief Executive Officer of GIADEC, Mr Michael Ansah, thanked the President for his support and stated that GIADEC, in collabora\u00adtion with its partners, would conduct similar MRE\u2019s in other operational areas of the Corporation before the com\u00admencement of any mining activity.<\/p>\n

He explained that results from the MRE showed a significant increase in the quantity of bauxite resources historically estimated to be in the Nyinahin area, adding that the MRE results also val\u00adidated the quality of bauxite resources found in the area.<\/p>\n

\u201cHistorically we estimated that we had in the region of 250MMT of bauxite deposits in the three hills we are talking about, that is hills 4,5 and 6. Following the work that we have done now, we have been able es\u00adtablish that we have a minimum of 375MMT of bauxite in those three hills, so a 50 per cent appreciation on the historical figures\u201d.<\/p>\n

Mr Ansah also revealed that GIADEC would in the coming weeks, announce a reputable Euro\u00adpean firm that would partner with the corporation to execute Project 3A of the IAI Projects which was the \u201cdevelopment of a mine in Nyinahin Block C and construction of a refinery.<\/p>\n

On his part, the CEO of Rocksure International, Mr Kwasi Osei Ofori, said the completion of the MRE gave credence to the President\u2019s call that when given the chance, Ghanaian companies could compete with their peers globally.<\/p>\n

In September, 2021, GIADEC announced the selection of Rock\u00adsure International, a wholly Ghana\u00adian owned company, as its strategic partner for Project 2, one of four projects that define the Integrated Aluminium Industry (IAI), being executed by GIADEC.<\/p>\n

Rocksure International was se\u00adlected after a rigorous competitive three-round investor engagement process in 2019. Following the announcement, the company com\u00admenced a Mineral Resource Esti\u00admate (MRE) in Nyinahin Block-B, specifically Hills 4, 5 & 6 to validate and define the bauxite resources.<\/p>\n

Ghana\u2019s bauxite resources are estimated to be around 900MMT. The validation of the bauxite resources in parts of the Nyina\u00adhin area through an MRE is the first time Ghana is taking steps to validate all of its bauxite resources across the country.<\/p>\n

For More News And Analysis About Ghana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. Rocksure Interna\u00adtional, has submit\u00adted the Mineral Resource Estimate (MRE) results on Nyinahin Block B comprising hills four, five and six in the Ashanti Region to Pres\u00adident Nana Addo Dankwa Akufo-Addo. Rocksure International is the strategic partner select\u00aded by the Ghana Integrated Aluminium Development Corporation (GIADEC) for the execution of project two of […]<\/p>\n","protected":false},"author":84,"featured_media":59943,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,12],"tags":[5092,5096,429],"class_list":["post-59945","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-policy","tag-africa-press","tag-africa-press-ghana","tag-ghana"],"yoast_head":"\nPresident receives MRE results on Nyinahin Block - Ghana<\/title>\n<meta name=\"description\" content=\"Rocksure Interna\u00adtional, has submit\u00adted the Mineral Resource Estimate (MRE) results on Nyinahin Block B comprising hi ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ghana\/all-news\/president-receives-mre-results-on-nyinahin-block\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"President receives MRE results on Nyinahin Block\" \/>\n<meta property=\"og:description\" content=\"Rocksure Interna\u00adtional, has submit\u00adted the Mineral Resource Estimate (MRE) results on Nyinahin Block B comprising hi ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/president-receives-mre-results-on-nyinahin-block\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-18T16:05:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/11\/sm_1700306259.813574.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/president-receives-mre-results-on-nyinahin-block#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/president-receives-mre-results-on-nyinahin-block\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"President receives MRE results on Nyinahin Block\",\"datePublished\":\"2023-11-18T16:05:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/president-receives-mre-results-on-nyinahin-block\"},\"wordCount\":711,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/president-receives-mre-results-on-nyinahin-block#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/11\/sm_1700306259.813574.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ghana\",\"ghana\"],\"articleSection\":[\"all news\",\"head lines\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/president-receives-mre-results-on-nyinahin-block#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/president-receives-mre-results-on-nyinahin-block\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/president-receives-mre-results-on-nyinahin-block\",\"name\":\"President receives MRE results on Nyinahin Block - 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