Ghana seeks long-term mining investments that benefit local communities – Armah-Kofi Buah

Ghana has expressed its openness to collaborating with Guangdong Shengmai Tech Co. Ltd. on potential mining investments, with a focus on long-term benefits for local communities, according to Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah. Speaking during a meeting with a delegation from the Chinese company, Mr Buah stressed the nation's preference for investors who prioritize community development over short-term gains.

He also highlighted the significance of responsible mining practices, urging investors to prioritize environmental protection and the restoration of mined areas. Buah further emphasized that Ghana anticipates mining firms to adopt sustainable practices that safeguard the environment while simultaneously enhancing the livelihoods of communities dependent on mining.

The delegation, led by Tang Zhong Chun, expressed Guangdong Shengmai Tech Co. Ltd.'s interest in expanding its operations into Ghana. The company highlighted the country's abundant mineral resources, political stability, and investment potential as key factors attracting their attention. Mr Tang further discussed the utilization of modern electromagnetic technology for mineral exploration, asserting that this technology could markedly reduce exploration time and resources while promoting environmental sustainability and value addition.

He further stated the company's willingness to collaborate with the Ministry of Lands and Natural Resources and other relevant bodies to identify opportunities where their expertise can support the growth of Ghana's mining sector. Additionally, Tang outlined the company's long-term plans to establish a gold refinery and introduce a gold branding initiative in Ghana.