Dr. Dele Alake, Nigeria’s Minister of Solid Minerals, has confirmed that the country possesses abundant tin ore resources, particularly in Jos, sufficient to attract long-term investments. Speaking at a global mining event, Alake revealed that discussions with over 30 mining entrepreneurs and industry leaders highlighted the potential of the African Extractive Mineral Bank property, further solidifying Nigeria’s position as a prime destination for mining investments.
Alake also engaged with executives from AMG Group and Business Idea Management Centre, both of whom expressed strong interest in sourcing capital for mining projects in Nigeria. Their support is seen as pivotal in boosting funding for the country’s mining sector, which is poised for significant growth.
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In a bid to expand Nigeria’s mining capabilities, Alake held fruitful discussions with Engr. Khalid bin Saleh Al-Musdaifer, the Deputy Minister of Minerals and Energy from Saudi Arabia, during the Resourcing Tomorrow event at the Mines and Money Expo in Islington, London. The focus of their talks was on strategies for iron ore extraction and steel processing, which could lead to major advancements in Nigeria’s mineral sector.
The Minister also engaged with various global investors, including representatives from Woodcross and Gerald Group, along with fund managers from AMG and Business Idea Development in China. A preliminary survey conducted by Woodcross in Jos has shown that Nigeria’s tin ore reserves are more than adequate to meet international demand, with a final investment decision expected by February 2025.
These developments are expected to position Nigeria as a leading player in the global mining industry, attracting long-term investments that could reshape the country’s economic landscape.
