https://www.miningweekly.com
Africa|Business|Mining|PROJECT|Projects
Africa|Business|Mining|PROJECT|Projects
africa|business|mining|project|projects

Atlantic appoints versed Ghanaian lawyer, corporate banker to its board

Artist impression of planned Ewoyaa project

Artist impression of planned Ewoyaa project

15th May 2024

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

Aim-, ASX- and Ghana Stock Exchange-listed Atlantic Lithium has appointed Edward Koranteng as a nonexecutive director to the board effective immediately.

As a lawyer and experienced corporate investment banker with experience in Ghana, he can support the company’s objectives of delivering the country’s first lithium mine.

Koranteng has been CEO of Ghana’s sovereign minerals wealth fund, Minerals Income Investment Fund (MIIF), since 2021.

In this position, he has overseen the management of Ghana’s equity interests in mining companies, as well as the royalties paid by mining companies to the State.

His appointment as a nonexecutive director is in line with Atlantic’s agreed terms of the MIIF’s $5-million subscription in the company. The subscription forms part of Atlantic’s planned Phase 1 investment of $32.9-million to expedite the development of the Ewoyaa lithium project.

Koranteng also previously held the business head role for Ghana International Bank’s East, Central and Southern Africa portfolio, during which he led various financing projects in Ethiopia, Ghana, Tanzania, Kenya and Malawi.

Atlantic chairperson Neil Herbert comments that Koranteng’s appointment will enable greater Ghanaian representation in the strategic direction of the company and Ewoyaa.

He says Koranteng’s legal and corporate experience will contribute greatly to the advancement of the project.

Atlantic is in the process of finalising a second stage of investment from the MIIF in the company.

Commenting on behalf of the MIIF, Koranteng says its investment in Atlantic also supports the government of Ghana’s objective to ensure the country remains a preferred mining destination on the continent.

He looks forward to working with the Atlantic board to develop the world-class Ewoyaa mine to full production.

 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

M and J Mining
M and J Mining

M and J Mining are leading suppliers of physical support systems as used by the underground mining industry. Our selection of products are not...

VISIT SHOWROOM 
John Thompson
John Thompson

John Thompson, the leader in energy and environmental solutions through value engineering and innovation, provides the following: design, engineer,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (24/05/2024)
24th May 2024 By: Martin Creamer
Magazine round up | 24 May 2024
Magazine round up | 24 May 2024
24th May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.159 0.19s - 89pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: