By Georgina Humphrey
Nigeria is to partner South Korea in exploring the large deposits of lithium-bearing pegmatites in the country.
Minister of Solid Minerals Development, Dr. Oladele Alake stated this at the Seventh Korea-Africa Economic Co-operation conference in Busan, South Korea.
Represented by the Director-General of the Nigerian Geological Survey Agency, NGSA, Dr. Abdulrazaq Garba, Dr. Alake, explained that both countries have resolved to revise a Memorandum of Understanding, MoU, reached in 2006.
He stated that part of the MoU includes training of Nigerian mining professionals in Geochemistry, Geophysics, Ore Modelling, Mineral Processing, research, and exploration of critical minerals such as lithium, nickel, cobalt, manganese, and graphite.
“Talks on revising a Memorandum of Understanding between Nigeria and South Korea on investments in solid minerals sector topped discussions between Nigerian public, private sector officials and the South Korean government” Dr. Alake explained.
On his part, the President of the Korean Institute of Geosciences and Mineral Resources, KIGAM, Dr. Pyeong Koo-lee, who said his organization has the best technology in lithium ore processing, added that the beneficiation process can reduce carbon to improve the grade of the ore.
Also the Vice President of the Korean Mines Rehabilitation and Mineral Resources Corporation, KOMIR, Dr. Alex Kwon expressed interest in overseas mining investment, adding that KOMIR provides technical and financial assistance as well as investment in the exploration and mining of solid minerals.
The Nigerian team comprised officials of the Ministry of Solid Minerals Development, Oando Mining Company, the Korean Institute of Geosciences and Mineral Resources, KIGAM, and Korean Mines Rehabilitation and Mineral Resources Corporation, KOMIR.
Edited By Grace Namiji
Written by: Bukky Alabi