Ghana Signs $1.2 Billion Deal to Develop Its Bauxite Resources

Ghana has picked Rocksure International as a strategic partner to build a mine and refinery in a bid to develop an industry out of its untapped bauxite reserves.

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The Accra-based company will own a 70% stake in the project and the state-owned Ghana Integrated Aluminium Development Corp. will have the remaining 30%, according to an emailed statement Thursday.