Atlantic Lithium to start lithium production in Ghana in 2026
Atlantic Lithium Limited is set to commence mining lithium in Ghana in 2026. The firm made the announcement and anticipates to generate significant revenue for the country, with an estimated annual income of approximately $6.6 billion.
The revenue will come from various sources, including taxes, royalties, company salaries, and local contracts, which will contribute to the country’s economic growth. With the rise in demand for electric vehicles worldwide, lithium has become a critical component for battery production. Ghana aims to tap into this growing market and play a role in the global EV industry.
Partnerships
The mining project is expected to create between 1,000 to 2,000 jobs in the Central Region of Ghana. This job creation is vital for boosting local employment opportunities and supporting the livelihoods of the people in the region.
The CEO of Atlantic Lithium Limited expressed optimism about obtaining the necessary permits and a mining license by the end of September 2023. The collaboration and engagement with the Minerals Commission have been cited as pivotal in the progress towards obtaining these approvals.
“I’ve been quite surprised about the level of engagements we’ve had with the Minerals Commission. I think its CEO has done a sterling job in assisting us in the process of obtaining a permit. We’ve never been this close to obtaining a mining license. We’re very excited and we believe it will happen in the next couple of weeks, if not by the end of this month,” said the CEO.
“We’ve got a close partnership with American company, Piedmont Lithium, to receive half of our concentrate and the other half is quite incumbent so there’s quite a potential to do something with that with interested parties,” he added.
