El-Tahdam’s Vision: Transforming Nigeria into a Lithium Processing Hub
El-Tahdam Exploration Limited is set to lead Nigeria towards becoming a lithium processing hub following a $500 million investment from TSG Mining Group. The company aims to establish a comprehensive value chain for lithium processing with new facilities in Kebbi, Kwara, and Kaduna, creating thousands of jobs and enhancing local economies while aligning with national development goals.
Nigeria is on the brink of a significant transformation in its mining sector, driven by El-Tahdam Exploration Limited’s ambitious plan to tap into the nation’s abundant reserves of Electric Vehicle minerals and rare earth elements, particularly Lithium. This emerging company has rapidly gained traction as a key player in the industry due to strategic investments and efforts to explore vast mineral reserves. Their recent partnership with TSG Mining Group marks a major milestone in attracting global attention and investment.
El-Tahdam has diligently invested around $5 million over three years in exploring Lithium ore from Libata, Kebbi, including an extended period in China to master lithium processing technologies. Achieving a recovery rate of 92%—among the highest globally—the company has procured specialized equipment for its Libata site, signaling the establishment of a comprehensive lithium processing value chain in Nigeria.
The company plans to construct three advanced lithium processing plants across Kebbi, Kwara, and Kaduna, with each plant designed to process 3,000 metric tonnes of lithium ore daily. This results in a combined daily intake of 9,000 metric tonnes from lower-grade ore, producing 2,250 metric tonnes of lithium concentrate. Furthermore, a Lithium Carbonate plant in Lagos aims to produce 80,000 metric tonnes annually, contributing significantly to the global lithium market.
The latest investment of $500 million from TSG Mining Group is pivotal, demonstrating international confidence in El-Tahdam’s vision. TSG will specifically invest $250 million in the Kebbi processing plant which is expected to commence operations by the end of 2025. This deal is supported by a 25-year mining license secured by El-Tahdam and will leverage the financial capabilities of Zhejiang State-Owned Capital along with the technical expertise of Sunwoda.
El-Tahdam’s strategic initiatives align with Nigeria’s economic development goals by focusing on the rising demand for lithium. The venture is projected to create numerous job opportunities, bolster local economies, and reduce reliance on oil. The government’s support has been crucial in facilitating this transition toward mineral resource utilization, significantly enhancing Nigeria’s mining profile.
In terms of community impact, the Kebbi plant is expected to generate approximately 1,000 direct jobs along with 3,000 indirect opportunities, marking a substantial contribution to local economic empowerment. Moreover, El-Tahdam aims to attract additional investments in the exploration of other minerals, such as copper and manganese, potentially unlocking $1 billion for the mining sector.
The ambitious plans by El-Tahdam Exploration Limited herald a transformative future for Nigeria and Africa as a whole. Success hinges on the continued support from stakeholders, including government authorities and industry regulators, to fully harness the country’s mineral wealth for sustainable economic growth. El-Tahdam is poised to ensure that Nigeria’s vast resources translate into enduring economic progress and empowerment for its citizens.
In conclusion, El-Tahdam Exploration Limited is positioning Nigeria to become a key player in the global lithium market through strategic investments and innovative processing initiatives. The collaboration with TSG Mining Group and the establishment of multiple processing facilities signify a promising future for the mining sector, emphasizing economic diversification and value addition. With strong community engagement and government support, Nigeria stands to benefit significantly from its mineral resources, marking a pivotal shift towards sustainable economic development.
Original Source: www.premiumtimesng.com
