• 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

Ghana gives 15-year lithium mining license to Atlantic Lithium

2 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News, Mining
1 min read
0 0
0
71
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Ghana gives 15-year lithium mining license to Atlantic Lithium

Ghana has granted a lithium mining license to Atlantic Lithium Ltd. as the West African nation positions itself to tap into the multibillion-dollar global industry.

The 15-year lease to Barari DV Ghana Ltd., a unit of the Sydney-based company, enables it to start constructing a lithium mine at a 42.6-kilometer site at Ewoyaa in the country’s Central Region, the Ministry of Lands and Natural Resources said in a statement on its website. It comes after almost six years of exploration that has discovered high-grade lithium in commercial quantities, it said.

The race for lithium has lured mining heavyweights, automakers and even oil majors as the world transitions to electric vehicles from fossil fuels. A projected shortfall from 2025 is driving the search for new supplies.

Half of the lithium from Ewoyaa is earmarked for a refinery of North Carolina-based Piedmont Lithium Ltd., which is the Australian firm’s second-largest shareholder and has agreed to provide most of the funds for building the mine. Atlantic Lithium aims to produce an annual average of 300,000 tons of spodumene concentrate over 12 years from the site. That would make it the world’s 10th-biggest project, according to the company.

“Government took a decision not to treat this mineral the same way the other minerals have been treated,” Minister of Lands and Natural Resources Samuel Jinapor said in the statement. “The lease we are signing today differs from our standard mining lease.”

The fiscal regime agreed between Africa’s biggest gold producer and Atlantic Lithium entails a 10% royalty rate and 13% free carried interest by the state, compared with the existing 5% and 10% respectively for other minerals. The company shall also pay 1% of its revenue into a community development fund.

RelatedPosts

Bright Simons Questions Policy Rationale Behind Communications Minister’s Demand for 30% DSTV Price Cut

Public Transport Fares to Rise by 20% From August 8 

Shipping Giant, Maersk ends Direct US Trade Route to Africa’s Largest Economy

Ghana’s sovereign wealth fund, the Minerals Income Investment Fund will invest to acquire 6% interest in the company’s Ghana portfolio and a 3.06% stake in Atlantic Lithium itself, Jinapor said. The company would also be required to list on the Ghana Stock Exchange, he said.

Source: bloomberg
Via: norvanreports
Tags: 15-year lithium mining licenseAtlantic LithiumEwoyaaGhana gives 15-year lithium mining license to Atlantic Lithium
No Result
View All Result

Highlights

Africa’s Biggest Stock Exchange Considers Extending Trading to 24 Hours

Lewis Hamilton’s Future at Ferrari in Question After Tough Hungarian GP

Transfer DealSheet: Latest on Benjamin Sesko, Nicolas Jackson and More

Gov’t Targets 650,000 Tonnes of Cocoa Production for 2025/26 Crop Season, Eyes 1 Million Tonne Output in the Long-term 

Shoprite to Exit Ghana and Malawi Sharpening Focus on Core South African Market

Gold Fields Forecasts Total Gold Production of 2.4 Million Ounces for 2025

Trending

Features

Bright Simons Questions Policy Rationale Behind Communications Minister’s Demand for 30% DSTV Price Cut

August 5, 2025

Bright Simons Questions Policy Rationale Behind Communications Minister’s Demand for 30% DSTV Price Cut Renowned public policy...

Public Transport Fares to Rise by 20% From August 8 

August 5, 2025

Shipping Giant, Maersk ends Direct US Trade Route to Africa’s Largest Economy

August 5, 2025

Africa’s Biggest Stock Exchange Considers Extending Trading to 24 Hours

August 5, 2025

Lewis Hamilton’s Future at Ferrari in Question After Tough Hungarian GP

August 5, 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.