Nyinahini Bauxite Deal: Community pushes GIADEC to consider local investors

Nyinahini Bauxite Deal is being pushed by communities within the catchment area of the Nyinahini Bauxite Mine for GIADEC to consider local investors. The affected communities believe a local investor capable of mining the deposit will economically benefit the Atwima Mponua District and enhance local businesses in the catchment area. James Obeng, spokesperson for the concerned youth group, believes handing over the deposit to indigenous companies will improve the chances of developing the area.

Mr. Obeng said, "We know our own people have the country at heart. They will do their part to get this area developed." He also said, "If you look at Obuasi and other mining areas that were handed to foreign companies, it is clear that they were never interested in ensuring these areas were developed." Earlier this year, President John Dramani Mahama outlined a bold plan to transform Ghana's mining industry, indicating the need to move beyond exporting raw minerals and instead build a strong, technology-driven, and locally owned sector. The Nyinahin deposit is estimated to hold nearly one billion metric tonnes of bauxite.

The community believes this quantity has the potential to transform the lives of indigenes when properly managed. The community is also calling for thorough investigations into local investors seeking to take up the mine. James Obeng added, "Though we are pushing for local investors, it is likely that some locals will front for foreigners. GIADEC must do due diligence to get the right people for the job."