• 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 Economy

Ghana to host Africa’s first lithium refinery worth $500m

2 years ago
in Economy, Energy, Features, highlights, Home, home-news, latest News, Manufacturing
2 min read
0 0
0
84
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Ghana to host Africa’s first lithium refinery worth $500m

Processes are underway to set up Africa’s first-ever lithium refinery in Takoradi in the Western Region.

The US$500-million refinery is being established by a consortium of CAA Mining Ltd, Livista Energy, based in Luxembourg, and its Ghanaian subsidiary, Livista Ghana Ltd.

The lithium processing plant is part of a comprehensive plan to invest in the country’s budding lithium value chain in line with the Green Minerals Policy the government approved recently.

Among other measures, the Green Minerals Policy makes it mandatory for value to be added to lithium in the country rather than exporting it in its raw form.

The CEO of CAA Mining Limited, Douglas D. Chikohora, told the Daily Graphic that barring any hitches, the refinery would be completed and operationalised in 2026.

He said a parcel of 200-acre land within the Takoradi Port City had been earmarked to host the refinery.

RelatedPosts

President Mahama Reassigns Defence and Environment Ministerial Portfolios Following Fatal Helicopter Crash That Killed Two Ministers

GOC Suspends King’s Baton Relay in Response to Tragic Helicopter Crash Claiming Eight Lives, Including Two Ministers

Kopa Trophy 2025: Yamal, Doue, and Agyemang Lead Nominees for Best Young Player

Mr Chikohora added that preliminary discussions had been held with the Ghana Gas Company Limited for power extension and construction of a service pipeline from the existing pipeline grid to the refinery in April, this year.

The mining executive said when completed, the refinery would be the third of its kind in the world and the first on the continent.

Licence

However,  Chikohora said the start of work on the refinery would depend on the issuance of a prospecting licence to Lithium Resources Ghana Ltd (LRGL), a joint venture of CAA Mining Ltd and local entity Empire Rare Earth and Metal Group Limited.

The company (LRGL) has invested US $2 million into exploration for Lithium on a 646-square kilometre (KM2) concession on the lithium corridor along Awutu-Bereku and Mankessim in the Central Region.

It has also committed to rolling out a $10 million lithium drilling programme before the end of the year, subject to the issuance of a prospecting licence by the Minerals Commission.

“Once we get the prospecting licence and start drilling, the volumes we get will determine the size of the refinery we should put up,” he said.

Chikohora said the lithium consortium was aware of the country’s green minerals policy and was prepared to invest in the value chain.

Strategic location

He added that the location of the refinery in Ghana was strategic as it would feed on the country’s lithium and others from African countries such as DR Congo, Sierra Leone, Zimbabwe, Mali, Namibia and South Africa.

“There are only two places where lithium is refined in the world, and that is China and the US. In Africa, there is no refinery for lithium, so if we set up the refinery in Ghana, it will be the third in the world and first in Africa.

Based on this, the refinery in Ghana will be pan-African in nature since the lithium from other parts of the continent will be refined here,”  Chikohora said.

He added that there would be an industrial boom in the country when the refinery was set up because other industries such as battery manufacturers and vehicle assembly plants would blossom.

“Apart from the mining and refining jobs, people are going to be producing refined lithium here.

There will be battery producing companies, vehicle assembly plants and many other job opportunities,” he stressed.

Local content

In terms of local content, Chikohora said LRGL was a joint venture between a foreign and local firm, with an indigenous business model that cascaded through the value chain.

He also said LRGL had begun discussions with the Mining Income Investment Fund (MIIF) to be part of the investment in the lithium value chain as a shareholder to deepen the local content requirement.

“We have signed a market development agreement with MIIF, so they know what we are doing,” he said.

Chikohora also said the consortium was planning to launch its social responsibility programme this year to outline the area of support it would offer host communities.

He said the company had been in constant touch with the host communities for the priority areas of the CSR activities.

“We can launch the social responsibility programme by the end of September, depending on the state of the licence,” he said.

 

Source: graphiconline
Via: norvanreports
Tags: Africa’s first lithium refineryGhana to host Africa’s first lithium refinery worth $500m
No Result
View All Result

Highlights

Letshego Ghana Delivers Strong and Stable H1 2025 Results, Driven by Solid Business Fundamentals

Ghana Chamber of Mines Pays Tribute to Omane-Boamah, Dr Murtala Mohammed and Six Others in Helicopter Crash

FirstBank Ghana Equips Graduate Trainees 

GRTCC Suspends 20% Transport Fare Hike Following Talks with Transport Ministry

BoG Postpones National Launch of Cedi@60 Anniversary Following Helicopter Tragedy

Japanese Automakers Toyota and Honda Take a Big Hit From Trump’s Tariffs

Trending

Features

President Mahama Reassigns Defence and Environment Ministerial Portfolios Following Fatal Helicopter Crash That Killed Two Ministers

August 7, 2025

President Mahama Reassigns Defence and Environment Ministerial Portfolios Following Fatal Helicopter Crash That Killed Two Ministers President...

GOC Suspends King’s Baton Relay in Response to Tragic Helicopter Crash Claiming Eight Lives, Including Two Ministers

August 7, 2025

Kopa Trophy 2025: Yamal, Doue, and Agyemang Lead Nominees for Best Young Player

August 7, 2025

Letshego Ghana Delivers Strong and Stable H1 2025 Results, Driven by Solid Business Fundamentals

August 7, 2025

Ghana Chamber of Mines Pays Tribute to Omane-Boamah, Dr Murtala Mohammed and Six Others in Helicopter Crash

August 7, 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.