SMM: Ghana is seeking domestic or international partners to assist the state-owned Walter Aluminium (VALCO) smelter to restore and upgrade its smelter to increase its production capacity to 300000 tons per year by 2025.
(GIADEC), a Ghanaian aluminum integrated development company, conveyed a message that interested parties could work together to develop a five-year, US $10 billion project plan for VALCO and Ghana's broader mining business. The first stage is to increase production to 180000 tons per year, and the second stage is to increase production to 300000 tons per year. The production capacity of VALCO nameplate is 200000 tons per year. At present, only two of the five production lines are in operation, with an annual output of only 60000 tons.
CEO Michel Ansakh, a Ghanaian aluminum integrated development company, said: "the investment agreement with strategic partners can be signed by the end of 2020. In order to attract more investors, VALCO has planned to list on the London Stock Exchange. "
Ghana Aluminum Integrated Development currently faces the task of launching three bauxite mine projects and adding two refineries to the existing VALCO smelter. The aim is to create a large number of job opportunities for the country through the above work, and to establish a complete aluminum industry chain.
On January 20th, the VALCO smelter and GRIDCO, a domestic power supplier, were temporarily closed because of a debt dispute involving $30 million in debt.
According to the website of Ghana Aluminum Integrated Development Company, more than 40 companies (including local and overseas companies in Ghana) have expressed interest in bidding for the development of Ghana's aluminum industry.
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