Minerals Income Investment Fund

The Minerals Income Investment Fund (MIIF) has announced plans to invest some US$30million into legally established small-scale mining ventures through an incubation programme. The initiative – Small-Scale Mining Incubation Programme – seeks to assist small-scale miners to grow and develop into responsible and sustainable mid-tier mining operators. The programme is expected to support formalisation of the small-scale mining sector, which contributes about 30 to 40 percent of the country’s total gold output annually. It is hoped that the investment will discourage the galamsey menace, enhance job creation and also guarantee environmental practices and safety. MIIF’s Chief Executive Officer, Edward Nana…

The Minerals Income Investment Fund (MIIF) seeks co-investment partners in its bid to invest in the entire minerals value chain of Ghana. MIIF is ready to co-invest and create a de-risking mechanism for investors says Edward Nana Yaw Koranteng, Chief Executive Officer of the Fund. The Fund has been described as “perhaps Ghana’s most important lever of development” and took center-stage at the two-day Ghana International Opportunities Summit (GHIOS), held in London with its offering of creating wealth through sustainable investments. Creation of Africa’s largest Minerals Sovereign Wealth Fund “We are building Africa’s biggest sovereign minerals fund,” said Mr Koranteng.…