Announcements
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Xcalibur Multiphysics partners with AFC and SMDF to boost Nigeria’s Geological Data Capabilities

Colombia

The objective is to stablish a comprehensive database showcasing Nigeria’s resource potential

Xcalibur Multiphysics role includes providing technical support, ensuring data quality and conducting economic evaluation studies Xcalibur Multiphysics, global leader in integrated project and solutions for airborne geophysics and applied technology, has joined forces to enhance the landscape of geospatial edata mapping for early-stage mining projects in Nigeria with Africa Finance Corporation (AFC) and the Solid Minerals Development Fund of Nigeria (SMDF).

The primary focus is to enhance global access to Nigeria’s geological data, promoting secure investments from various entities, including banks, mining firms, financial institutions, individuals, and agencies. At the forefront of this initiative is Xcalibur Multiphysics, contributing technical support, ensuring data quality, and conducting economic evaluation studies.

The collaboration is an extension of the AFC and Xcalibur Multiphysics’s earlier agreement to map, develop, and co-finance natural resource projects in Africa. This specific project in Nigeria aims to establish a comprehensive database showcasing the country’s resource potential.

The AFC and SMDF will navigate financing solutions, engage with regulators, and facilitate government discussions, while Xcalibur plays a crucial role in overseeing the technical aspects and economic evaluations.

Samaila Zubairu, President & CEO of AFC, emphasizes the significance of the partnership, highlighting Nigeria’s vast but underexplored mineral wealth. The goal is to attract mining investments and position Nigeria as a key player in the global energy transition. Dario Castellanos, VP Financing and Middle East director of Xcalibur Multiphysics, echoed her words, affirming the company’s commitment to enhancing geophysical data in Nigeria.

Castellanos believes that the collaboration will attract mining investments, contributing to the development of critical mineral resources and establishing Nigeria as a pivotal player in the global energy transition.

Despite Africa hosting 30% of the world’s mineral reserves, only 5% of global mining financing reaches the continent. AFC has been a significant investor, deploying over $900 million in critical projects over the last seven years, with a focus on closing the financing gap in the mining sector. Examples include the Dynamic Mining Bauxite Mine in Guinea and the FG Gold Baomahun Gold Project in Sierra Leone, both expected to have transformative impacts on local economies and job creation.

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Events
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Xcalibur Multiphysics participation at Africa Mining Indaba 2023

Xcalibur Multiphysics participation at Africa Mining Indaba 2023

Xcalibur Multiphysics, was present, once again, at the Africa Mining Indaba, held during the 6th and 9th of February 2023 in Cape Town, South Africa

Africa Mining Indaba is a significant event on the continent as it is an excellent opportunity for the meeting companies involved in the African mining sector.

Xcalibur Multiphysics attended once again, to establish new and strengthen existing relationships on the continent with the aim of developing new projects.

With active projects in Nigeria and Uganda, among others, we believe that responsible mapping of natural resources is critical for a more sustainable global economy, therefore the services we provide empower governments to be a part of the clean energy revolution and accelerate their sustainable economic growth to build an inclusive economy.

In partnership with Invest Africa, as part of their 10th Annual Mining Series, our Director from Xcalibur MPH Spain, Victor González, took part in the panel Safeguarding the Future: Critical Minerals and Rare-Earth Elements, where he discussed Africa’s role in critical minerals supply chains, as well as deep sea mining and other unconventional sources of critical raw materials.

Mr. Paul Kabuswe, Zambian Minister Furthermore, on Tuesday the 7th Xcalibur Multiphysics signed a partnership agreement with Africa Finance Corporation, to provide large scale geophysical mapping and co-financing of natural capital projects that will spur minerals and critical raw materials beneficiation in Africa.

This partnership will prioritise projects that locate and identify minerals of interest, resulting in African countries gaining access to better geological data and ultimately to support them in their just energy transition.

AFC Partnership with Xcalibur Multiphysics At the end of the day, we hosted casual drinks at the Xcalibur Multiphysics stand, where many of our customers, new and existing, were able to come and chat with us.

Xcalibur Multiphysics get-together. In addition to being able to engage in conversations with great references from the industry, Xcalibur was able to share its vision and ideas with Mr. Felix Tshiseked, President of the Democratic Republic of Congo (DRC), Mr. Paul Kabuswe, Minister of Mines & Minerals Development, Republic of Zambia, representatives of MinDiver Nigeria and the Government of Uganda, we are very grateful for your visit to our stand.

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