The largest rare earth and critical minerals plant in Africa, which has the potential to produce over 10,000 jobs and jobs nationwide, has been fully supported by the Federal Government’s $400 million Foreign Direct Investment (FDI) plan.
Dele Alake, the minister of solid mineral development, praised Hasetins Commodities Limited, the project’s funders, for their involvement in President Bola Tinubu’s administration’s value-adding campaign and for confirming that mineral processing is the best way to remove the unemployed from the streets.
Segun Tomori, Special Assistant on Media to the Minister of Solid Minerals Development, made this statement on Sunday.  ,
As the company’s plans for the upcoming groundbreaking of the additional facility gain more weight, according to him, Hasetins hopes to increase its current installed capacity by 12 000 metric tons to 12 000 metric tons.
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Alake said the establishment of the plant would promote skills transfer and increase the contributions of the solid minerals sector to the economy. It is a significant milestone in efforts to boost investor confidence in the mining sector.
Alake praised Hasetins for its strategic foresight and patriotic investment in a $400 million rare earth metals plant while addressing the company’s Managing Director/CEO Prince Jidayi Ijudigal and his team during a courtesy visit.
“I’m pleased that this groundbreaking initiative has come to an end with our ongoing engagements.” The largest rare earth and critical metals plant in Africa, right here in Nigeria, is now being built with your assistance.  ,
I commend your commitment to this crucial sector on behalf of the president, the ministry, and the Nigerian people. Your patriotic fervor confirms that our policies are working out well and producing tangible outcomes, Dr. Alake continued.
Prince Jidayi expressed his deep gratitude for the Minister’s leadership and reforms, which, according to him, have significantly boosted investor confidence and streamlined access to the mining sector.
We’ve seen changes to the licensing process and the introduction of mining marshals to stop illegal mining. Our decision to invest a lot in this project has been directly influenced by these efforts. We are also establishing regional separation plants, strengthening local communities, and, he said, “besides this flagship plant, we are also setting up regional separation plants.”
According to Prince Jidayi, the company’s business model allows artisanal miners to earn money right away by pre-separating metals locally. Additionally, the initiative includes community engagement, protective equipment, and training.
Peter Butt, Hasetins’ director of corporate affairs, also gave a speech in praise of Dr. Alake’s revitalization of the mining industry’s purpose and structure. He emphasized that the Minister’s strong emphasis on local value added supported the company’s choice to pursue a sustainable, community-driven development.
Rare earth metals and Platinum Group Metals (PGMs) are two of the key metals produced by Hasetins Commodities Ltd., a company that is dedicated to producing critical metals for high-tech applications and defense systems.  ,
Source: Channels TV
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