Fadi A. Ghazale, Founder and CEO of Titan Minerals, discusses Nigeria’s mining sector in an interview, highlighting its untapped potential and the need for strategic investments. He outlines the challenges faced by the industry, including security concerns and financing issues, while advocating for government support. Titan Minerals aims to lead in high-quality mineral exploration, making Nigeria a preferred destination for mining investment.
Fadi A. Ghazale, the Founder and CEO of Titan Minerals Limited, emphasizes Nigeria as a prime location for mining investment. He highlights the potential within Nigeria’s mineral sector and the necessity for industry professionals to harness new prospects and establish strategic networks. With over 17 years in Nigeria and extensive experience in construction, Ghazale identified the unleveraged wealth of the nation’s minerals, leading to the creation of Titan Minerals to tackle challenges within the industry.
Ghazale’s motivation to enter the mining sector stemmed from witnessing the underutilization of Nigeria’s mineral resources while engaged in construction projects. He believes the sector can substantially benefit from modern exploration techniques and a structured approach, stating that Titan Minerals aims to set high standards for mineral resource development and exploration in the nation.
Titan Minerals offers an array of services geared towards transforming the Nigerian mining landscape. Their services include systematic mineral targeting, resource drilling, advanced exploration methods, and high-tech geophysical surveys. By ensuring compliance with international standards, they assist clients in attracting investment and securing partnerships, thereby increasing confidence in the sector for newcomers.
Despite advancements in policies designed to bolster investment within Nigeria’s mining industry, significant challenges persist. Ghazale underscores issues such as security risks in mining areas, limited access to financing, and a shortage of high-quality geological data. He asserts that continued efforts are essential to position Nigeria as a competitive global mining destination.
To combat the lengthy return-on-investment periods that deter investors from entering the mining sector, Titan Minerals is focused on delivering reliable data while advocating for better government policies to enhance the investment climate. Their strategy also involves reducing the uncertainties associated with mining ventures by promoting transparency and available resources.
The long-term vision for Titan Minerals includes establishing a reputable global presence through successful exploration ventures leading to public listings on major stock exchanges. By fostering expertise and leveraging a robust mineral occurrences database, they aspire to make Nigeria a preferred destination for international exploration and investment.
Ghazale advocates for increased support from the federal government to enable local miners to capitalize on sector opportunities. Key recommendations include providing financing, improving infrastructure, investing in training, and fostering partnerships. Promoting in-country processing of minerals and reshaping the narrative around the mining industry will further enhance its appeal. With strategic investments and strong government backing, the potential for Nigeria’s mining sector to become a formidable player on the global stage is immense.
The insights provided by Fadi A. Ghazale outline the substantial potential within Nigeria’s mining sector, as well as the challenges that must be addressed to foster growth and attract investment. By focusing on high-quality exploration, leveraging modern technology, and advocating for supportive policies, Titan Minerals is positioning itself as a leader in transforming the industry. The future of Nigeria as a mining hub hinges on collaborative efforts among industry stakeholders and government provisions to bolster local miners and improve the overall investment climate.
Original Source: www.thisdaylive.com
