Nigeria is set to become a lithium processing hub, with El-Tahdam Exploration Limited leading the charge. This emerging mining company is focused on harnessing the nation’s vast reserves of Electric Vehicle minerals, particularly lithium. Through a strategic partnership with TSG Mining Group and an investment of $500 million, El-Tahdam aims to establish a robust lithium processing value chain, attracting global interest and boosting the local economy.

El-Tahdam has invested $5 million in exploring lithium ore in Libata, Kebbi, and has achieved a recovery rate of 92%. To ensure efficient processing, they have procured equipment tailored for their operations in Kebbi. The company plans to build three lithium processing plants across Kebbi, Kwara, and Kaduna, with a combined capacity of 9,000 metric tonnes of lower-grade ore daily, producing significant lithium concentrate.

In addition to processing plants, El-Tahdam will establish a Lithium Carbonate facility in Lagos, which will target an annual output of 80,000 metric tonnes of high purity lithium carbonate. This initiative not only aims to enhance the value of Nigerian lithium but also addresses the historical loss of revenue from raw material exports, urging a shift towards value addition within the sector.

The $500 million investment from TSG Mining Group includes $250 million for the processing plant in Kebbi, expected to be operational by 2025. El-Tahdam previously secured a 25-year mining license, ensuring a solid foundation for this partnership. TSG’s investors, Zhejiang State-Owned Capital and Sunwoda, bring essential financial and technological resources to the project.

El-Tahdam’s initiatives align with Nigeria’s economic goals, aiming to meet the rising demand for lithium. The company’s projects are projected to create jobs and stimulate economic growth, aligning with the government’s efforts to diversify the economy and reduce oil dependence.

Furthermore, El-Tahdam is committed to community development, with the Kebbi plant expected to generate around 1,000 direct jobs and 3,000 indirect jobs, contributing to local empowerment. The company’s efforts extend to attracting further investments for the exploration and processing of other minerals, potentially unlocking an additional $1 billion.

To secure Nigeria’s position in the global mining sector, continued support from stakeholders, including government bodies, is crucial. El-Tahdam Exploration Limited is poised to lead the nation towards sustainable economic growth through its commitment to harnessing Nigeria’s rich mineral resources for the benefit of all.

El-Tahdam Exploration Limited has positioned Nigeria as a potential lithium processing hub with its ambitious plans and significant foreign investment. By establishing processing facilities and focusing on value addition, the company aims to transform the local economy while fostering community development. Continued stakeholder support will be essential for leveraging Nigeria’s mineral wealth and achieving sustainable growth in the mining sector.

Original Source: www.premiumtimesng.com

The post El-Tahdam Exploration Limited: Nigeria’s Future Lithium Processing Leader first appeared on Nigerian Mining News.

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

The post El-Tahdam Readies Nigeria as a Major Lithium Processing Hub with $500m Investment first appeared on Nigerian Mining News.