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Bauxite is worth about $20-60 per ton, depending on its contents. It is the most important aluminum ore. Ore that yields more aluminum has a greater value. Australia is the world's top producer of Bauxite, meeting almost a third of the world's requirements.
The figures are in thousands of Ghanian pounds (GÂ£), which at the time had an exchange rate of 1 GÂ£ = $2.80. Initially Nkrumah intended to develop the sources of bauxite, the ore for aluminum production, at Yenahin in Ashanti Province in Ghana to supply the aluminum smelter.