The Minerals Investment Income Fund (MIIF) is set to introduce a new initiative aimed at aiding small-scale gold miners in Ghana. Dubbed the Small Scale Mining Incubation Programme, this initiative represents a substantial investment that stands to benefit many Ghanaians by leveraging the nation's mineral resources.

0

Chief Executive of MIIF, Edward Nana Yaw Koranteng, announced the programme's upcoming pilot phase during a speech at the University of Mines and Technology's Distinguished Speaker Series in Tarkwa.“MIIF is about to pilot what has been described as the most revolutionary financing initiative for small-scale gold mining in Africa.

1

This initiative termed the small-scale mining incubation programme shall provide support for licensed small-scale gold mining companies from $200,000 to $ 5 million per mine”, he disclosed.

2

The support will include providing working capital and capital for mining machinery, establishing corporate governance structures, implementing a traceability and tracking mechanism for gold production, and creating a market for the gold through the MIIF Gold Trade desk.The theme of this year’s Distinguished Speaker Series was “Mining as an asset class – the strategies for utilizing the stock market as a catalyst for wealth creation.

3

”MIIF has allocated $32.9 million towards lithium production, in alignment with the Government of Ghana’s critical minerals policy. Of this, $5 million has been invested in the holding company, Atlantic Lithium, with the remaining $27.9 million invested in local assets of Atlantic Lithium.Production at the Barari BV for the Ewoyaa project is expected to commence in 2025, along with operations at seven other tenements in the Central region.

4

The MIIF-UMaT Distinguished Speaker Series is an annual one-day event that facilitates dialogue between industry experts and academia, aimed at enhancing the mining sub-sector.

5