The board, management and selected investors of the Ghana Integrated Iron and Steel Development Corporation (GIISDEC) are embarking on a stakeholder engagement tour of its largest iron ore host communities.
This is part of efforts to promote a mutually beneficial relationship between GIISDEC and key stakeholders, potential investors and host communities.
Chairman of the Board, Farouk Aliu Mahama, will lead the team consisting of the nine members of the Board of Directors, management and some selected investors of the company to pay a courtesy visit to the paramount chiefs of the region. ‘Oti.
As stated in GIISDEC Act 988, 2019, GIISDEC is mandated to collaborate with the private sector in the conduct of iron ore mining and steel development activities in Ghana.
In line with GIISDEC’s mandate, the company has collaborated with investors willing to engage in the development of the country’s steel sector.
GIISDEC has received interest from foreign and local investors and is currently partnering with a number of private companies, including Emaland, GEM Global, Star Steels, CISDI, Q3, PlanetOne limited, B5 Plus limited, among others, to develop iron ore mines in the country. .
Ten iron blocks in the Oti area have been assigned to them for the start of the mineral resource estimate.
Mineral resource estimation, which is used in mining to determine the quantity and quality of an ore deposit and its estimated economic value and is usually done after stakeholder engagement.
In addition, stakeholder engagement is an essential part of GIISDEC mining operations in host communities and involves identifying key stakeholders, understanding their issues and interests, and managing their expectations.
Therefore, GIISDEC considers it imperative to undertake the tour immediately instead of the start of the mineral resource estimate.
The five-day tour began with a courtesy visit to the Regional Minister, RCC of Oti Region by the GIISDEC Board and Team.
Subsequently, GIISDEC organized a sensitization durbar in Dambai – Capital of Oti region whose Chairman of the Board of Directors of Ghana Integrated Iron and Steel Development Corporation who is also Member of Parliament for Yendi, Farouk Aliu Mahaha revealed that about ten local and foreign investors have expressed their interest in funding the mineral resource estimate (MRE) in 10 iron ore blocks in the Oti region.
According to him, this project will bring a major overhaul to the region while respecting President Akufo-Addo’s promise to reduce unemployment.
Traditional chiefs and opinion leaders in the region have been called upon to support the exploration of iron ore in commercial quantities.
Present were the paramount chiefs of Akroso, Akpafu, Santrokofi, Asato, Bum Bodada; Advice Apesokubi and Bowiri Traditionals, Reginal Minister, MDCEs (Krachi East, Biakoye, Guan, Jasikan and Akan RCC and GIISDEC) on the 2nd day.
The GIISDEC team will pay a courtesy visit to the Chief of Pai-Katanga, Paramount Chief of Akroso Traditional, Paramount Chief of Apesokubi.
After which, we will proceed to visit the paramount chief of the traditional council of Bowiri, [ Bowiri Amanfrom, Bowiri Kyirahene, Bowiri Takrabe,] (Nana Salo-Bowiri Anyinase Palace) on the 3rd day.
However, courtesy visit to Paramount Chief of Asato (Kadjebi) Traditional Zone, Durbar Community, courtesy visit to Bum (Bodada) Traditional Council will be on the 4th day.
Finally, the GIISDEC team will visit the Paramount Chief of Akpafu Traditional Area (Guan District), Paramount Chief of Santrokofi Traditional Area (Guan District) and engage the host community to mark the end of the five-day stakeholder engagement.