A mineral is a naturally occurring substance that is solid and inorganic, representable by a chemical formula, usually abiogenic and has an ordered atomic structure while Mining is the extraction of the valuable minerals from the earth.
The Nigerian Extractive Industry and Transparency Initiative, NEITI report suggests that there are over 30 different kinds of solid minerals and precious metals (Sapphire, Aquamarine, Topaz etc.) buried in Nigerian soil waiting to be exploited.
A well mined and well processed solid mineral and gemstones attracts more money than a roughly or badly mined/processed one. The Nigerian Solid Minerals Development Fund (SMDF) states that the estimated mineral endowment from available data suggest a value between $700-billion to $1-trillion under the ground in Nigeria as at 2020; as such, there is huge growth potential in the sector.
Our goal at Palladium Mining Limited (PML) is to discover, develop and deliver these untapped reserves.
PML’s upstream business comprises the complete development chain ranging from exploration, appraisal, development, and production of solid minerals. We also in the business of mining construction rocks like granite, sandstone, etc.