Business News of Friday, 24 January 2003

Source: .

Investors Neede For Kyebi Bauxite

The government is looking for a foreign investor to mine the Kyebi bauxite deposits which have an estimated 200-year life span.

This was announced by the Deputy Minister of Interior, Kwadwo Afram Asiedu at the People?s Assembly at Atibie in the Eastern Region.

He said, the government was concentrating more on the Kyebi deposits because of their projected longer life-span, as against those on the Kwahu Ridge which has an estimated life-span of 15 years.