In the execution of our business plan, we will prioritize the Operations section, which includes the integration of technology throughout our organization. We understand that technology is not just a tool but a strategic asset that enables us to stay agile, adapt to changing market dynamics, and achieve our business objectives.

To fully leverage technology, we have implemented a comprehensive approach that encompasses hardware, software, and digital solutions. This includes investing in cutting-edge equipment and infrastructure to support our operations, utilizing innovative software applications to streamline workflows and enhance collaboration, and leveraging data analytics to gain valuable insights for informed decision-making.

Moreover, we recognize the significance of cybersecurity in today’s digital landscape. To safeguard our business and customer data, we have implemented robust security measures, including encryption, firewalls, and regular system audits. By prioritizing cybersecurity, we aim to protect our company’s assets, maintain customer trust, and mitigate potential risks.

Our commitment to technology extends beyond internal operations. We strive to stay up to date with industry trends and advancements, regularly attending technology conferences, participating in networking events, and collaborating with technology partners. By fostering strategic alliances and staying connected with the technology community, we can stay at the forefront of innovation, explore new opportunities, and deliver cutting-edge solutions to our customers.

In 2020, the non-oil mining sector in Nigeria contributed N656.1 billion ($1.6 billion) to the economy, representing approximately 0.43% of the total GDP. This highlights the potential and economic significance of the sector beyond oil-related activities. However, this contribution is still relatively modest compared to the vast potential that exists within the country.

To put Nigeria’s mining sector in a global context, it’s essential to consider the broader trends in the global mining market. In 2019, the global mining market had a size of USD 121,694.3 million, and projections indicate an expected increase to at least USD 165,827.8 million by 2027. This growth is anticipated to be driven by various factors, including increased demand for minerals and metals globally.

Despite its immense potential, Nigeria’s domestic mining industry faces multifaceted challenges that impede its growth. The sector’s productivity falls short of meeting local demands, compelling the country to import minerals that could be sourced domestically. This inadequacy stems from various factors:

• Unfavorable Business Environment: The lack of an attractive environment for private-sector mining hinders investment and development.
• Institutional Bottlenecks: Poor performance of institutions and limited enforcement of regulations create barriers to sustainable and responsible mining practices.
• Community Insecurity: Issues of insecurity in host communities further complicate mining operations, affecting the safety and continuity of projects.
• Skills and Capacity Deficiency: There exists a notable gap in human skills and capacity required for the efficient management of the mining process.
• Insufficient human skills and capacity within the sector further hinder effective management of the mining process.

As a proudly Nigerian company, we recognize the importance of skilled human capital in driving the mining sector’s growth, Earthcore prioritizes skills development to create a knowledgeable and competent workforce that can effectively contribute to the sustainable growth of the mining industry and elevate Nigeria’s position as a competitive player in the global mining market. We will actively engage in international partnerships, adhere to global best practices, and contribute to the positive image of the Nigerian mining industry on the global stage. Through alignment with international standards, Earthcore seeks to attract foreign investments, foster economic growth, and play a pivotal role in enhancing Nigeria’s standing within the global mining community.

Renewable Energy: With the increasing global focus on renewable energy sources, Earthcore Mining & Energy Resource Limited can also venture into the renewable energy segment in Nigeria. This could involve solar power plants, wind farms, or biomass energy projects.

Coal Mining: Nigeria has abundant coal reserves, and coal mining is a prominent sector in the country’s mining industry. Earthcore Mining & Energy Resourc Limited can tap into this segment by leveraging its expertise in coal extraction and processing.

Oil and Gas: Nigeria is known for its vast oil and gas reserves, making it a major player in the global oil and gas industry. Earthcore Mining & Energy Resource Limited can explore opportunities in this segment by engaging in exploration, production, and refining activities.

Mining Services: The mining industry in Nigeria requires a range of services, including drilling, blasting, equipment rental, and mine management. Earthcore Mining & Energy Resource Limited can provide these services to other mining companies operating in the country.