El-Tahdam Exploration Limited is preparing to turn Nigeria into a lithium processing hub, with a $500 million investment from TSG Mining Group. The company plans to build three processing plants and a Lithium Carbonate facility, potentially transforming local economies and creating thousands of jobs. This strategic move aims to boost Nigeria’s mining sector and contribute to sustainable economic growth.
El-Tahdam Exploration Limited is poised to transform Nigeria’s mining sector, focusing on vital Electric Vehicle (EV) minerals like Lithium. This company is rapidly becoming significant by unlocking the nation’s vast reserves with a $500 million investment from TSG Mining Group, fostering both exploration and mining rights.
With a strategic investment of approximately $5 million over three years, El-Tahdam has explored Lithium ore in Libata, Kebbi, achieving a 92% recovery rate. After thorough training in China on processing technologies, they have ordered specialized processing equipment to enhance local Lithium production.
El-Tahdam plans to build three state-of-the-art lithium processing plants in Kebbi, Kwara, and Kaduna, each with a daily capacity of 3,000 metric tonnes. This initiative aims to increase overall lithium concentrate production significantly, also setting the foundation for a Lithium Carbonate plant in Lagos which will produce an annual 80,000 metric tonnes of high-purity Lithium Carbonate.
This integrated processing model, the first in Nigeria, aims to add value before export, promising to increase royalties for the Federal Government and address the issue of unprocessed mineral exports which cost Africa billions yearly.
TSG Mining Group’s $500 million investment reflects confidence in Nigeria’s lithium market potential and includes $250 million for a modern processing plant in Kebbi, anticipated to be operational by late 2025. El-Tahdam has also secured a 25-year renewable mining license for this initiative.
The creation of these processing plants aligns with Nigeria’s economic growth goals, as it is set to create substantial employment opportunities and reduce reliance on oil through the enhancement of local mineral resources.
El-Tahdam is committed to community development, with the Kebbi plant projected to create 1,000 direct and 3,000 indirect jobs. This initiative not only focuses on Lithium but on other minerals, potentially attracting an additional $1 billion foreign investment to Nigeria’s mining sector.
For Nigeria to fully capitalize on its mineral wealth, support from all stakeholders, including governmental bodies, is essential. El-Tahdam’s initiatives are a substantial step toward sustainable economic growth, showcasing Nigeria’s potential in the global mining industry.
El-Tahdam Exploration Limited is set to revolutionize Nigeria’s mining sector by establishing itself as a lithium processing hub, backed by a significant $500 million investment. Their plans include the development of large-scale processing facilities, creating thousands of jobs, and enhancing local economies. By focusing on value addition and community empowerment, El-Tahdam not only aims to elevate Nigeria’s position in the global mining market but also strives for sustainable economic development.
Original Source: www.premiumtimesng.com