NewsFlash / Rare Earth / Nigeria to Build Africa's Largest Rare Earth Mine and Beneficiation Plant
Nigeria to Build Africa's Largest Rare Earth Mine and Beneficiation Plant
iconJun 24, 2025 17:27
Source:SMM
Nigeria is set to host Africa's largest rare earth ore processing plant, thanks to a $400 million Foreign Direct Investment (FDI) plan by Hasetins Commodities Ltd. The facility is expected to create over 10,000 job opportunities, marking a significant initiative by President Bola Tinubu to boost domestic minerals processing. Dele Alake, the Minister of Solid Minerals, praised the project as a game-changer, aligning with efforts to enhance investor confidence and drive economic diversification. Hasetins plans to achieve its goals by increasing capacity, providing skills training, and supporting local miners. With the support of the federal government, this initiative signals Nigeria's rising role in the global technology supply chain and reiterates the critical role of the mining sector in job creation.

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