https://newsletter.mw.creamermedia.com
Mining|PROJECT|Resources
Mining|PROJECT|Resources
mining|project|resources

Ghana greenlights first lithium mine with eye on electric vehicle boom

20th October 2023

By: Reuters

  

Font size: - +

Ghana's government has approved its first lithium mine run by a subsidiary of Australia-based Atlantic Lithium Limited, the West African country said on Thursday, part of its drive to benefit from a global move towards electric vehicles.

The Ministry of Lands and Natural Resources granted Barari DV Ghana Limited a 15-year lease on the mine at Ewoyaa, on Ghana's southern coast, where the company began exploring for lithium six years ago.

The prospect is highly valued by Ghana as it seeks to play a role in producing a key ingredient in electric vehicle batteries, demand for which is soaring as countries look to phase out fossil-fuel cars.

As part of the deal, Ghana has increased the royalty rate to 10% from the standard 5% and the State's interest in the project to 13% from 10%, the ministry said in a statement.

On top of the State's stake, Ghana's Minerals Income Investment Fund will acquire another 6% in the mining operation, and 3.06% in Atlantic Lithium.

The company will also work on developing a lithium processing plant to maximise the economic benefit of a mineral it has often shipped to China for processing, the ministry added.

Atlantic Lithium declined to comment.

Edited by Reuters

Comments

Showroom

SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

VISIT SHOWROOM 
Actom
Actom

Your one-stop global energy-solution partner

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 28 February 2025
Magazine round up | 28 February 2025
28th February 2025
The team from Mine Rescue Services that was involved in the rescue and recovery operation at the Buffelfontein gold mine in Stillfontein, in front of the Mobile rescue winder that extricated the illegal miners
Equipment, training behind Stilfontein rescue success
28th February 2025 By: Halima Frost

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.093 0.167s - 126pq - 2rq
Subscribe Now