Ghana Bauxite Company Targets 6 Million Tonnes Production by Year-End
GBC is working towards achieving its target of 6 million tonnes of production by the end of 2025
Ghana Bauxite Company Limited (GBC) has set an ambitious target of producing 6 million tonnes of bauxite by the end of 2025.
To achieve this goal, the company has invested a substantial US$122.97 million in upgrading its infrastructure and operational efficiencies.
Investment in Infrastructure and Equipment
The significant investment has enabled GBC to acquire a robust fleet of equipment, including surface miners, haulage trucks, dump trucks, excavators, and retooling of existing plant and machinery.
According to the General Manager of GBC, Mr. Alexander Gyedu, in a press briefing at Awaso in the Western North region, the company’s production volumes have already seen a significant boost.
Production Milestones
He said the use of both surface mining and drill and blast methods has increased production from 1.3 million tonnes per annum to about 1.8 million tonnes in 2024.
Mr. Gyedu attributed this historic production milestone to Ofori-Poku Company Limited’s (OPCL) takeover from the Bosai Group in 2022.
Commitment to Environmental Protection
Mr Alexander Gyedu promised that GBC remains committed to environmentally responsible mining practices, adding, “the acquisition of new equipment and technology is expected to reduce the company’s environmental footprint.
He further said the company diligently complies with regulatory standards and submits to the Environmental Protection Agency (EPA) as required by law.
Impact on Local Economy
GBC’s plans to expand its operations and increase production are expected to have a positive impact on the local economy. The company’s commitment to corporate social responsibility and environmentally responsible mining practices is a testament to its dedication to sustainable development.
Government Support
The government has also been vocal about its commitment to protecting the environment, particularly in the mining sector. The Ministry of Lands and Natural Resources has emphasized the need for mining companies to prioritize environmental protection.
Job creation
Under IOP’s leadership, Ghana Bauxite Company Limited has undergone a remarkable transformation. One of the major visions of Mr. Ofori Poku was to reduce the unemployment rate in the catchment areas and Ghana at large.
True to his word, the company has increased its contract staff strength from 465 to 1061 employees, with 976 males and 85 females. This significant increase in employment opportunities has had a positive impact on the local economy.
In addition to creating jobs, IOP has also invested heavily in acquiring new and sophisticated equipment to boost production. The company has acquired 56 new pieces of equipment and 198 new trucks, including Sino trucks, RDT trucks, TX 400 dump trucks, and Howo 371 trucks. This significant investment has enabled the company to increase its production capacity and export more bauxite ore.
The results are impressive. In 2024, Ghana Bauxite Company Limited, Awaso, exported a record 1.8 million metric tons of bauxite ore to China and other parts of the world. This achievement is unprecedented in the history of the company and a testament to IOP’s vision and leadership.
GBC Operations
GBC’s Awaso Mine concession covers an area of 47.04 sq. km. The Company’s ratified 30-year Mining Lease covers the Subri, Inchiniso, Kanayerebo, Afumba, and Boakakhirri.
GBC has been operating the Inchiniso pit since 1969, producing high-grade trihydrate bauxite annually. The Run of Mine (ROM) annually is at an average of 2.5 million metric tonnes.
Historically, Bauxite was first discovered in Ghana by the Gold Coast Geological Survey team in 1921.
In 2022, the Bosai group transferred its shareholding of 80% to the current owner- Ofori-Opoku Company Limited (OPCL), a member of the IOP Group of Companies, with the Government of Ghana still retaining its 20% share.
Success under IOP
“The success of Ghana Bauxite Company Limited under IOP’s leadership is a shining example of what can be achieved when local businesses are allowed to thrive. With a dynamic and energetic management team, supported by a committed workforce, the company is poised for even greater success in the future,” Mr. Gyedu concluded.
