Minister Samuel Abu Jinapor expresses satisfaction with the terms secured in the lithium lease agreement with Barari DV Ghana Limited.
He emphasizes that the government prioritized maximizing Ghana's benefits through increased royalties, state participation, and value-addition measures.
Barari DV Ghana Limited, a subsidiary of Atlantic Lithium Limited, is granted a 15-year mining lease for lithium mining at Ewoyaa in the Central Region.
The deal includes a 10% royalty and 13% free carried interest in the state, surpassing existing percentages in other mining agreements.
The $250-million project is set to commence in 2025.
Minister Jinapor states, “I personally, as a Minister, am very satisfied with the terms we have agreed with them. This was thoroughly negotiated, done in a space of about two years, and marked down properly.”
He further added “I know as Minister that the success, benefaction or otherwise and the interest the Ghanaian people are going to get will fundamentally depend on how the Ghanaian government police the processes leading to first ratification, second the construction of the mine, third the production, fourth the value addition, the benefaction then fifthly the benefit sharing. That for me is the gravamen of the whole matter. That is the crust of the matter.”