
The African Wave
February 24, 2025 at 02:56 PM
🇳🇪 _*Niger joins the ranks of copper producers*_
A permit to exploit this mineral in the Agadez region has been awarded to the Compagnie Minière de l’Aïr (COMINAIR SA), of which the state holds 25%.
This decision follows the discovery of a significant copper deposit in the area.
It is estimated that the site will produce an average of 2,700 tonnes of copper per year over a period of 10 years. The project should also create 300 direct jobs for young Nigerians.
Over the first 10 years, the royalty should exceed approximately $6.4 million, in addition to a surface royalty of $922,418.
The company will have to give priority to local companies in the supply of goods and services related to the exploitation of the deposit.
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