Russian aluminium giant Rusal plans to mine bauxite in Ghana
The Chief Executive Officer, Evgeny Nikitin, told RIA that the company was targeting an annual bauxite production of 5.0 million metric tons in Ghana and a processing capacity of 1.2 million metric tons per year.
Russian aluminium giant Rusal is exploring a joint venture in Ghana to mine and process the raw material used for aluminium production, bauxite, according to a memorandum signed on October 29, 2026, reported by Russia’s state news agency RIA. Rusal's CEO, Evgeny Nikitin, revealed that the company aims for a 5.0 million metric ton annual bauxite production and a processing capacity of 1.2 million metric tons annually in Ghana.
The agreement was reached with the Ghana Integrated Aluminium Development Corporation (GIADEC) during the Russia-Africa Economic and Humanitarian Forum in Moscow. This would be Rusal's first venture in Ghana beyond its existing operations in Guinea. Rusal, the world's largest aluminium producer outside China, currently operates bauxite mines worldwide, including two in Russia, and produced 18.453 million metric tons of bauxite in 2025, with 88% used for captive alumina refineries.
Ghana, with its Nyinahin deposit in the Ashanti region and the Awaso area in the Western region, holds an estimated 900 million metric tons of bauxite reserves, making it the seventh largest holder of these reserves globally.
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- Russian aluminium giant Rusal plans to mine bauxite in Ghana myjoyonline.com
