RCF Minerals limited
RCF Minerals Limited is a privately held, exploration-stage Nigerian mining company that explores, develops, and produces Zinc, Lead, and Copper ore across seven mine sites for sale to smelters and international commodity traders via two UK trading subsidiaries.
- Company typePrivate
- Founded2017
- HeadquartersEffurun, Nigeria
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What RCF Minerals limited does
RCF Minerals Limited is a privately held Nigerian natural resources company incorporated on 3 August 2017 and headquartered in Effurun, Delta State. The company is described as "newly established" and "exploration-stage," with a stated focus on the exploration, development, and production of solid minerals—primarily Zinc Ore, Lead Ore, and Copper Ore—as feedstock for smelting. Its principal mining assets are located at Keana, Kanam, Rafi, Gurara, Alkaleri, Wase, and Ganjuwa across Nigeria, and the company holds Export License NO: RE. 0001558.
The operating model centers on opencast manual mining using drilling and blasting with ANFO (Ammonium Nitrate/Fuel Oil) and excel delay detonators, supplemented by bucket track excavators for loose deposits. Production is targeted at up to 150,000 tonnes per annum of zinc and lead ore, with a stated strategy to sustain at least 40,000 tonnes per annum and extend mine lives beyond five years. Beyond mining, RCF publicly lists adjacent service lines in Renewable Energy, Maritime shipping, and commercial Agriculture, and operates two UK subsidiaries—RCF Holdings UK Limited (incorporated March 2019) and RCF Commodities Trading Co. (UK) Limited—to support international commodities trading.
The business is founder-led by David Omafume Okoro (Founder, Director, and President), supported by a small in-house management team and a partnership stack covering exploration services (RSC, Enerson Geophysical, MS Analytical), equipment supply (Mantrac Nigeria), and audit (Ernst & Young Nigeria). Revenue is generated through direct B2B sales of mineral ores to smelting/metallurgical companies and international commodity traders under negotiated, commodity-price-linked contracts. The company has raised a single disclosed funding round of $185,000 from FasterCapital in November 2023; no revenue, production volumes, or external institutional investors have been disclosed.
RCF Minerals limited firmographics
Firmographics- Name
- RCF Minerals limited
- Legal name
- RCF Minerals Limited
- Website
- https://rcfmineralsltd.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- RCF Minerals Limited is a privately held, exploration-stage Nigerian mining company that explores, develops, and produces Zinc, Lead, and Copper ore across seven mine sites for sale to smelters and international commodity traders via two UK trading subsidiaries.
- Ownership category
- akta.pro rank
RCF Minerals limited industry classification
Industry- Product category
- Mining and Metals
- NAICS
- Support Activities for Mining (2131)
- SIC
- Metal Mining (1000), Miscellaneous Metal Ores (1090)
- akta.pro primary industry
- Exploration & Resource Development (Critical Minerals) (IMAKAFAL)
Keywords
Where RCF Minerals limited is headquartered
LocationHeadquarters
- HQ city
- Effurun
- HQ country
- Nigeria
- HQ region
- Africa
Offices3 records
Markets served
RCF Minerals limited business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Mineral Resource Sales: RCF Minerals generates revenue through the extraction and sale of mineral resources, specifically Zinc Ore, Lead Ore, and Copper Ore. The company operates mining leases in Nigeria and exports minerals as feedstock for smelting operations. Revenue is generated through commodity sales at market prices, with production targets of 150,000 tonnes per annum.
- Exploration and Development Services: The company engages in exploration, development, and production of mineral resource properties throughout Nigeria, generating revenue through development of mining assets.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Commodity-based mineral sales - pricing dependent on ore grade, market conditions, and volume |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
RCF Minerals limited product offering
Product offeringCore offering
RCF Minerals Limited engages in the exploration, development, and production of solid mineral resources, primarily Zinc Ore, Lead Ore, and Copper Ore, from opencast mines across Nigeria. The company sells these mineral ores as feedstock for smelting operations to industrial buyers and international commodity traders, targeting production of 150,000 tonnes per annum across its portfolio of mines including Keana, Kanam, Rafi, Gurara, Alkaleri, Wase, and Ganjuwa mines.
Product overview
RCF Minerals Limited operates a diversified natural resources portfolio with its core focus on solid mineral extraction, specifically Zinc Ore, Lead Ore, and Copper Ore mining operations. The company employs opencast mining methods with drilling and blasting techniques at multiple mine sites across Nigeria (Keana, Kanam, Rafi, Gurara, Alkaleri, Wase, and Ganjuwa). Beyond its core mining business, RCF extends into adjacent sectors including renewable energy solutions, maritime shipping services, and commercial agriculture. The four main service lines—Mining, Renewable Energy, Maritime, and Agriculture—represent a vertically integrated approach to natural resource utilization and trade.
Differentiator
Problem solved
Functional benefit
Products and services
- Minerals, Metals & Mining Core mining operations extracting Zinc Ore, Lead Ore, and Copper Ore using opencast manual mining with drilling and blasting; serves industrial buyers and smelting companies.
- Renewable Energy Renewable energy solutions providing reliable power services for industrial and commercial customers.
- Maritime Shipping Services Shipping and logistics services for goods destined for overseas delivery.
- Agriculture Planting, harvesting, and exporting agricultural products in commercial quantities.
Quantifiable outcome
- Target production of 150,000 tonnes per annum of zinc and lead ore within three-year scheme period
- +2 more outcomes
Companies that use RCF Minerals limited
Customer profileSegments2 records
Ideal customer profiles2 records
RCF Minerals limited technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
RCF Minerals limited partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- RSC (Remote Exploration Services)coreRSC provides geological consulting, exploration management, and contract geological services to the global mining and exploration industry. RCF partners with RSC for exploration technology and management expertise to make well-informed decisions and implement exploration initiatives in a timely and prudent manner. RSC has experience in all stages of the mining cycle from early-stage exploration through to full-scale operation.
- Mantrac Nigeria (CAT Dealer)coreMantrac Nigeria is the authorized Cat dealer in Nigeria, distributing and supporting the full range of Cat products. RCF partners with Mantrac Nigeria for equipment supply and integrated business solutions backed by technical expertise and local knowledge for mining operations.
- Enerson Geophysical ExplorationcoreEnerson Geophysical Exploration Company specializes in geophysical exploration services including IP/Resistivity, magnetic, gravity, VLF surveys, and shallow seismic refraction-reflection studies. Uses latest equipment including 120 channel seismic recording system with weight-drop and buffalo gun energy sources for shallow-high resolution seismic surveys.
- Ernst & Young (EY)coreErnst & Young, Nigeria serves as RCF's external auditor. EY provides audit services, risk management advisory, and helps RCF navigate industry convergence and business opportunities as the company develops its mining operations.
- PW Nigeria LtdminorPW Nigeria Ltd is a civil engineering company founded in 1974, providing infrastructure development services. Has worked extensively with various Nigerian federal and state ministries and government agencies. Potential partner for mining infrastructure development.
Scale indicators7 records
Recent moves8 records
Expansion highlights5 records
RCF Minerals limited competitors and assessment
Company assessmentMarket position
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
RCF Minerals limited social profiles
Digital presenceRCF Minerals limited compliance and trust
Trust signalCompliance1 record
RCF Minerals limited financial estimates
Financial estimateRevenue estimate
Valuation estimate
RCF Minerals limited leadership team
Management profileNumber of profiles
Profiles3 records
RCF Minerals limited subsidiaries and ownership
Company hierarchySubsidiaries2 records
RCF Minerals limited funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
RCF Minerals limited M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about RCF Minerals limited
What does RCF Minerals limited do?
RCF Minerals Limited engages in the exploration, development, and production of solid mineral resources, primarily Zinc Ore, Lead Ore, and Copper Ore, from opencast mines across Nigeria. The company sells these mineral ores as feedstock for smelting operations to industrial buyers and international commodity traders, targeting production of 150,000 tonnes per annum across its portfolio of mines including Keana, Kanam, Rafi, Gurara, Alkaleri, Wase, and Ganjuwa mines.
Is RCF Minerals limited a public or private company?
RCF Minerals limited is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was RCF Minerals limited founded?
RCF Minerals limited was founded in 2017. It employs 11 to 50 people.
Where is RCF Minerals limited based?
RCF Minerals limited is headquartered in Effurun, Nigeria, in the Africa region.
How does RCF Minerals limited make money?
Two revenue lines are on record. Mineral Resource Sales are the primary driver. The others are exploration and Development Services.
Does RCF Minerals limited have an API?
No public API is recorded for RCF Minerals limited.
What industry is RCF Minerals limited in?
RCF Minerals limited's product category is Mining and Metals. Its primary akta.pro industry code is IMAKAFAL, Exploration & Resource Development (Critical Minerals). Its NAICS code is 2131 and its SIC code is 1000.