El-Tahdam Exploration Limited aims to establish Nigeria as a key player in the lithium market through a $500 million investment from TSG Mining Group. With plans to build advanced processing facilities, the initiative promises significant economic growth, job creation, and a move away from raw material exportation. The company’s efforts align with national strategies for economic diversification and sustainable development in the mining sector.
Nigeria’s mining sector is on the verge of significant transformation, driven by El-Tahdam Exploration Limited. This forward-thinking company has emerged as a leading force aimed at tapping into Nigeria’s vast reserves of Electric Vehicle (EV) minerals, particularly Lithium. With a focus on essential minerals like manganese and copper, El-Tahdam has attracted notable foreign investment, notably from TSG Mining Group, enhancing its prominence in the industry.
Over the past three years, El-Tahdam has strategically invested $5 million in exploring lithium ores from Libata, Kebbi. The company dedicated over a year in China to acquire advanced lithium processing technologies, achieving a remarkable recovery rate of 92 percent. Having acquired equipment tailored for their mining site, their undertaking marks a significant leap in the domestic processing of Lithium.
El-Tahdam Exploration Limited stands at the forefront of transforming Nigeria into a significant player in the global lithium market. With substantial investments and an integrated processing model, the company aims to enhance economic growth, create jobs, and ensure sustainable development in local communities. The backing of stakeholders will be crucial for realizing Nigeria’s potential in leveraging its mineral resources.
Original Source: www.premiumtimesng.com
