Minister of Lands and Natural Resources, Samuel Abu Jinapor who disclosed this to journalists after visiting the Ore deposit, said the discovery is good news for the Oti Region and Ghana as a whole.
He said the Geological Survey Authority is still working to know the depth of the Ore. Mr.Jinapor said by the middle of next year, the Geological Survey Authority would have concluded works to establish the depth and volume of the Ore and then hand it over to the Ghana Integrated Iron and Steel Corporation, GIISDEC, for exploration to begin.
The Lands and Natural Resources Minister noted that while the Geological Survey Authority is going on with its work, the government through GIISDEC is working to find a suitable private company to partner it to explore the Ore.
Mr. Jinapor was however emphatic that Mining of the Ore will begin during the term of this government.
Chief Executive Officer of the Ghana Geological Survey Authority, Dr. Daniel Boamah said the Iron Ore is of the highest grade of 55 point 22.
