MIIF Signs MoU With MINTEK For Strategic Partnership
The Minerals Income Investment Fund (MIIF) and South Africa’s MINTEK, have jointly signed a Memorandum of Understanding (MoU) for a strategic partnership.
The agreement with MINTEK, a global premier mineral research and testing organization, is designed to among others, augment cooperation in the development of mineral resources, innovation and technical expertise within Ghana’s vibrant mining sector.
A statement from MIIF, dated November 11, 2024, highlighted that, the action will authenticate a framework for collaboration between the two institutions to focus on key areas, such as research and development, technology transfer, capacity building, and value addition in mineral processing.
Through this partnership, both organizations, seek to harness their combined expertise to improve Ghana’s mining and minerals sector, aligning with global best practices and advancing sustainable development initiatives.
Chief Executive Officer (CEO) of MIIF, Edward Nana Yaw Koranteng, in a brief remark, said the collaborative effort between MIIF and MINTEK, is a step in the right direction for the Fund to exploit the country’s rich mineral resources for economic improvement.
“This partnership with MINTEK marks a significant step forward in our commitment to maximize Ghana’s mineral wealth for long-term economic development. The collaboration will drive innovation, mining efficiencies, boost local capacity, and unlock new opportunities in the mining value chain”, the CEO said.
MINTEK, with its 90 years of experience in mineral processing research and technological innovation, it is anticipated will bring valuable knowledge and cutting-edge technology to the table, enhancing MIIF’s efforts to diversify and add value to Ghana’s mineral resources.
As part of the MoU, a series of workshops, training programmes, and joint research projects, will be organized to foster knowledge sharing and enhance the technical capabilities of both organizations. These initiatives will focus on sustainable mining practices, environmental stewardship, and economic growth through minerals-based industrialization.
The signing of the MoU, underscores MIIF’s vision to build strategic partnerships that position Ghana as a leader in the global mining industry.
This collaboration with MINTEK, signals the beginning of a new era in mining innovation and sustainable development, benefitting not only Ghana but also the broader African mining community.
Commenting on this landmark partnership, Prof. Douglas Boateng, the chairman of the board of MIIF, said this marks the beginning of Africans collaborating to help industrialize the sector for the benefit of its people.
MINTEK’s Group Executive, Prof Indresan Govender, noted that the South African company, is excited and proud to partner with MIIF in unlocking Ghana’s full mineral processing potential.
About MIIF
The Minerals Income Investment Fund (MIIF) is a minerals sovereign wealth fund established to manage and invest Ghana’s mineral royalties and income streams from mining operations for the long-term bene- fit of its citizens. MIIF seeks to enhance the value of Ghana’s mining resources through strategic partner- ships, investments, and innovative initiatives.
About MINTEK
MINTEK is South Africa’s national mineral research organization and one of the world’s leading technology organizations specializing in mineral processing, extractive metallurgy, and related fields. MINTEK’s mission is to serve the global mining industry by driving research, innovation, and sustainable development in the minerals sector.
Source: Anchorghana.com
