Hasetins to expand rare earth capacity as groundbreaking for $400m plant nears.
The Federal Government has pledged full support for a $400 million rare earth and critical minerals project set to become Africa’s largest, to be sited in Nasarawa State. This was disclosed in a statement by Segun Tomori, media aide to the Minister of Solid Minerals Development, Dr. Dele Alake.
The facility, backed by Hasetins Commodities Ltd, is expected to create over 10,000 jobs and boost investor confidence in Nigeria’s mining sector. Alake praised the company’s investment and alignment with President Bola Tinubu’s value addition agenda, stating, “We are now witnessing the establishment of the largest rare earth and critical metals plant in Africa, right here in Nigeria.”
Hasetins aims to double its capacity from 6,000 to 12,000 metric tonnes. Its CEO, Prince Jidayi, cited recent reforms and the introduction of mining marshals as key drivers behind their investment. The company will also build regional plants, support local miners, and prioritise early-stage beneficiation for income generation and skill transfer.