The Chief Executive Officer of the Minerals Income and Investment Fund (MIIF), Edward Nana Koranteng, says the Fund is working towards becoming the biggest mineral fund for the mining industry in Africa within the nearest future.
The Minerals Income and Investment Fund was set up to manage the equity interest of government in large scale mining and all mining royalties paid as well as their investment.
Speaking during a courtesy call on the Western Regional Minister in Sekondi as part of his one-week familiarization tour of mining companies and their stakeholders in the region, Edward Nana Koranteng said the MIIF is set to have $500 million asset in three-years time as part of its vision which also concerns the mining communities.
“MIIF’s intention really is to become the biggest minerals fund in Africa, and we are actually on the way to achieve that. We believe that in three years time, we should have about $500 million asset under management, but our impact will not be felt if it does not impact the people. It wouldn’t also be to any purpose if we do not see the main mining communities like Tarkwa being transformed.”
Source: Citi News