• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Be daring enough to invest in uncommon mining sectors – Tony Aubyn

5 years ago
in Business, highlights, Home, home-news, latest News, Lifestyle, Mining
1 min read
0 0
0
Tony Aubyn - norvanreports

Tony Aubyn - norvanreports

89
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

RelatedPosts

The 10 Fastest-Growing Trading Nations in Africa

Nigeria’s 1.6 Million Container Trade Far Less Than it’s Ports Potential – Logistics Expert

Inside Details of Presco’s $172m Acquisition of SOP, Ghana Oil Palm Firm

A former CEO of Chamber of Mines, Dr. Tony Aubyn has called on indigenous mining entrepreneurs to venture into uncommon areas such as bauxite, manganese and iron ore in order to optimise the potential in those sectors.

In an interview that: “If the Ghanaian mining entrepreneur will be daring enough to go to unconventional areas like bauxite, manganese and iron ore, I think it is very important. We need to encourage Ghanaians to go into those unchartered territories.”

Although the government has demonstrated its commitment by way of policies and legislative instruments in exploring the economic potential in other minerals by setting up the Ghana Integrated Aluminium Development Corporation and the Integrated Iron and Steel Development Corporation, the main focus of the country’s mining industry remains largely gold.

Ghana is one of the world’s top-10 gold producers and the largest in Africa.

It is also a major producer of bauxite, manganese and diamonds and it is these other minerals that Mr. Aubyn wants to gain prominence.

These state corporations cannot shoulder all the responsibilities and the former Chamber of Mines CEO believes that when a local mining entrepreneur is given the needed support they can equally rake in millions of dollars for the state by way of foreign exchange.

The current administration in 2019 ramped up its desire to tap into the nation’s other mineral resources particularly bauxite which they saw as the country’s ticket to economic growth thanks to a big-name partner — China.

However, campaigners and water experts raised concerns and indicated that the environmental cost was too high: Mining would taint the water, they claim.

Ghana was looking to mine bauxite to in a barter deal with China’s Sinohydro Corp. Limited. Sinohydro was expected to deliver $2 billion worth of infrastructure projects across the country, which Ghana would pay back with proceeds from the sale of the refined bauxite.

China is the top buyer of minerals and rocks from Africa, pouring tens of billions of dollars into mining across the continent over the past decade — an investment that has fueled the country’s reign as the world’s largest aluminium producer.

The Asian powerhouse remains Africa’s biggest funder of infrastructure projects. It has pledged reams of cash for roads, bridges, power plants and oil refineries.

The seemingly grand deal was halted due to the onset of the coronavirus pandemic which had to alter government’s plans.

Source: business24
Tags: Chamber of MinesGhana Integrated Aluminium Development CorporationIntegrated Iron and Steel Development CorporationSinohydroTony Aubyn
No Result
View All Result

Highlights

Africa’s Richest Economy’s Currency Hits Nine-Month High as Fed’s Dovish Signal Weakens Dollar

Trump Weighs Using $2 Billion in CHIPS Act Funding for Critical Minerals

Moving Gold, Moving Economies: The Rise of Migrant Women in Zimbabwe’s Mining Sector

Senegal and Mercedes-Benz Partner to Build Trucks

INTERPOL Recovers Over $90 Million From African Crime Syndicates

Djokovic and Gauff Gear Up for US Open with Strategic Focus

Trending

Business

The 10 Fastest-Growing Trading Nations in Africa

August 23, 2025

The 10 Fastest-Growing Trading Nations in Africa Against the backdrop of shifting dynamics in global trade, several...

Nigeria’s 1.6 Million Container Trade Far Less Than it’s Ports Potential – Logistics Expert

August 23, 2025

Inside Details of Presco’s $172m Acquisition of SOP, Ghana Oil Palm Firm

August 23, 2025

Africa’s Richest Economy’s Currency Hits Nine-Month High as Fed’s Dovish Signal Weakens Dollar

August 23, 2025

Trump Weighs Using $2 Billion in CHIPS Act Funding for Critical Minerals

August 23, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.