UK-based Savannah Mining, South African firms Equator Minis and VML Resources will invest $1bn to improve mining production in Nigeria.

The firms will inject the funds into Nigeria’s Equator Mines with the aim of increasing mining activities in Bauchi, Plateau and Kaduna states.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

One of the targets of the contract, according to Equator Mines managing director Gallio Dagu, is to produce 50,000t of tin in the short term and scale this up to 100,000t in the long term, reports the Daily Times NG.

The firm will also exploit about 100,000oz of gold in Kebbi State.

Mining Technology Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Mining Technology Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now