Solid Minerals are still largely treated as a cottage industry in the State. As such its potential as a low-hanging revenue growth and diversification base is untapped. KWSG’s strategy is made up of 4 main targets to formalize and grow the industry:
- i. Legalize and regulate operators;
- ii. Grow micro- and small-scale operators that only extract and assist them with processing capacity;
- iii. Evolve the industry from simple extraction to further along in value to create higher value exportable items and (semi-)final inputs for consumption in local construction and manufacturing industries
- iv. Enforce environmental standards;
The main anchor for this is for private sector organizations that are interested in growing the value chain to invest with Midway Solid Mineral Development Corporation (the KWSG’s SPV) incorporated for the purpose of deriving private-sector led growth in the sector. |
KEY DEVELOPMENT GOALS
- Legalise and regulate all mining operations in by securing more valid licenses for all viable mining sites (Midway Solid Mineral Development Corporation)
- Feasibility of industrial minerals, potential uses and markets by Q3 2016
- Attract private investments in minerals extraction and processing
- Cluster micro- and small scale to players for more effective capacity building, interventions and regulations
- Improve infrastructure assets to key operational sites and facilities
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