During ring my meeting at the Resourcing Tomorrow event at the Mines and Money Expo in Islington, London, the minister of solid minerals Dele Alake said he had the opportunity to discuss strategies for iron ore extraction and steel processing in Nigeria with Engr. Khalid bin Saleh Al-Musdaifer, the Deputy Minister of Minerals and Energy from Saudi Arabia.
He also lso engaged with various investors, including representatives from Woodcross and Gerald Group, as well as fund managers from AMG and Business Idea Development in China. Woodcross shared their preliminary findings from a survey in Jos, indicating sufficient tin ore for a long-term investment that could meet global demand, with a final investment decision expected by February 2025.
The Minister also held discussions with leaders from AMG Group and Business Idea Management Centre about funding for mining projects. Both expressed their willingness to assist in sourcing capital for the Nigerian mining sector.
The Minister concluded his meetings by engaging with over 30 mining entrepreneurs worldwide to discuss the African Extractive Minerals Bank proposal.