Another African Country Has Approved The Green Minerals Act To Accelerate The Development Of Lithium Mining And Processing.

Ghana has approved a green minerals policy to accelerate the development of lithium mining and processing.
On August 3, Ghana's Minister of Lands and Natural Resources, Samuel Jinapor, said the Cabinet approved the Green Minerals Policy Bill on July 27.
According to him, the bill is expected to be passed by Parliament before the end of the year and will provide clear guidelines and a fiscal regime for the extraction of green minerals to ensure that Ghana gets as much benefit from its resources as possible.
Ghana is seeking to make the most of its mineral resources in a country that can.
It is understood that the green mineral policy approved by the Ghanaian Cabinet requires that the export of mined lithium raw ore is no longer allowed.
Resource nationalism is on the rise across the globe as developing countries seek to capture a greater share of profits from soaring commodity prices while addressing historical inequalities in the flow of mining wealth. Previously, Zimbabwe has banned the export of lithium ore, requiring mining companies to smelt and process lithium products locally.
Ghana is Africa's largest gold producer and has reserves of green minerals such as manganese, graphite and cobalt.
The development of Ghana's lithium industry comes as Western governments race to secure supplies of key minerals needed for the transition to clean energy.
Minister Jinapor said companies including Australia's Atlantic Lithium were exploring for lithium deposits in Ghana, but the company had not yet applied for mining leases.
In response, Atlantic Lithium said on Monday that it was confident of securing a mining lease for a lithium mine in Ghana after the country's government approved a green minerals policy. Atlantic Lithium is in talks with Ghana's Minerals Commission.
In 2011, Piedmont Lithium invested $100 million in Atlantic Lithium to obtain spodumene, or high-purity lithium ore, from Atlantic Lithium's mines in Ghana.
Piedmont's supply of lithium to Tesla will depend in part on purchases from Atlantic's Ghanaian operations.