Minerals Income Investment Fund

Stand: P55

Government

MIIF was set up by the Minerals Income Investment Fund Act, 2018 (Act 978) as amended to receive royalties from minerals accruing to government, invest those royalties to secure the future wealth of the country and manage the equity interest of Ghana in large scale mining firms. Founding on this three-pronged mandate of the fund, the current management and board of MIIF have developed unique strategies for all 11 minerals that currently pay royalties to the government. MIIF has significant equity in Asante Gold Corporation, a Ghanaian, Canadian and Frankfurt listed Explanation and Mining company and has closed a $32.9 million two-part investment in Atlantic Lithium an Australian company which has discovered commercial quantities of Lithium in Ghana. Ghana will not export the raw lithium but will develop in country potential or capacity for the production of lithium battery. MIIF is in the process of closing an investment in the Ada Songhor salt project which has the potential to be Africa’s biggest salt mine as it sits on 41,000 acres.

Location
Ghana

Website
miif.gov.gh/

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