Fadi A. Ghazale, CEO of Titan Minerals, emphasizes Nigeria as a promising destination for mining investment. With over 17 years in the country, he highlights the untapped mineral resources and opportunities for modernization. Titan Minerals aims to be a leader in the field by offering advanced exploration techniques, yet challenges persist, including security and investor hesitance due to long return periods. Ghazale calls for stronger government support to benefit local miners and stimulate growth in the sector.
In an interview with Fadi A. Ghazale, Founder and Managing Director of Titan Minerals Limited, he elaborates on Nigeria’s mining ecosystem, opportunities in the sector, and ways to build essential connections in the industry. Ghazale brings an extensive background, including an MBA from the University of Liverpool and a BA from Notre Dame University, and has spent over 17 years in Nigeria focusing on significant construction initiatives.
Ghazale’s interest in the mining sector arose from recognizing Nigeria’s vast, underutilized mineral resources while involved in construction. He aimed to foster advancements in the mining industry by introducing modern exploration techniques, credible data, and elevated project standards through his company, Titan Minerals.
Titan Minerals aspires to be a leading mineral exploration company by facilitating projects from initial exploration stages to public listings. The firm specializes in systematic mineral targeting, advanced drilling methods, geophysical surveys, and laboratory analysis, aiming to produce reliable data that attracts financial investors and ensures alignment with international standards.
Despite recent governmental policies aimed at improving the mining sector, challenges persist including security issues, difficulties in attracting investors, insufficient geological data, and limited financing for junior exploration firms. While there have been efforts such as the Nigerian Mining Industry Roadmap, further enhancements are needed to solidify Nigeria’s position in the global mining arena.
Investors often hesitate due to long return-on-investment timelines characteristic of mining. Ghazale notes the industry’s inherent risks and the extensive preliminary stages before profitability. Titan Minerals mitigates this by providing high-quality data to reassure investors and advocating for proactive government policies.
Titan Minerals envisions becoming globally recognized in mineral exploration, with plans to introduce projects to major mineral stock exchanges. The company boasts expertise in geology and robust databases of Nigeria’s mineral resources, contributing to a vision where Nigeria emerges as a prime destination for mining investments.
To maximize benefits for local miners, Ghazale suggests the Nigerian government should focus on providing financial support, infrastructure development, enhancing technical training, promoting local and international partnerships, and fostering value chain development to process minerals domestically. Moreover, changing the current narrative associated with mining can help attract further investments.
With adequate support and strategic investments, Nigeria’s mining sector can thrive. Titan Minerals is dedicated to leading this transformation by ensuring effective exploration practices and enhancing Nigeria’s appeal as a mining investment destination.
In conclusion, Nigeria’s mineral sector holds significant untapped potential now more than ever. Fadi A. Ghazale and Titan Minerals strive for a future where Nigeria is recognized as a global leader in mining investment through high-quality exploration and strategic partnerships. Addressing existing challenges and improving governmental support will be crucial in unlocking this potential and transforming the mining landscape.
Original Source: www.thisdaylive.com
