Nigeria’s quest for diversification of the economy from a mono economy is beginning to pay off as a Nigerian company Bluesach Matrix Limited announces the acquisition of mining sites from other mining companies that were inactive.
Chairman of Bluesach Matrix Limited Mr Kingsley Anajemba, a geologist said the company is a Nigerian company with global recognition in the solid mineral sector with experienced personals and having acquired the complete ownership and title of mining sites allocated to other mining companies has the aim of exploring and mining solid minerals of various class for commercial purpose
He added that Bluesach Matrix, after successful exploration and mining of the acquired sites should be able to account for about 100 Million metric tons of granitic pegamatite, a form of igneous rock which host the largest concentration of lithium and minerals.
He also said that Bluesach Matrix Limited estimates to mine and refine about 3,600,000.00 Metric tonnes of lithium from over 20 mining sites with the financial projection estimates of the company to hit a billion dollars in the next four years.
According to him “The primary focus of Bluesach Matrix Limited are to attract investors, reduce the nation’s dependency on fossil fuel, increase employment from direct labour, boost local content and reduce capital flight from the export of unlicensed mineral BlueSach Matrix Limited is in partnership with foreign investors to set up a commercial bank primarily to finance the operations of the solid mineral sector in Nigeria for active license owner who intend to bring mining industrialisation to Nigeria” he said.
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