Wasia African Mining

What Wasia African Mining does

Wasia African Mining Co. Ltd (RC No. 1480359) is a privately held Nigerian mining company founded on March 21, 2018, headquartered at the Sheraton Abuja Hotel complex in Abuja. The company operates across five integrated service lines: mining of minerals (lead, zinc, and copper), international minerals export, geophysical investigation services, construction services, and mining partnership financing. Its core customer segments are local mining companies seeking to scale output, private investors and project developers evaluating Nigerian mining opportunities, construction firms needing subsurface assessments, and international mineral buyers sourcing Nigerian solid minerals.

The company's technical foundation rests on a portfolio of geophysical methods — Ground Penetration Radar, Seismic Reflection, Borehole Logging, Electromagnetic Metal Detection, Electrical Resistivity Topography, Ground Magnetic Survey, Magnetic Resonance Sounding, and Marine Geophysical Investigation — supported by capital equipment including the ABEM Terrameter LS 2 (12-channel resistivity/IP system with built-in GPS/GLONASS field computer) and CounterTop XRF analyzers for precise mineral composition quantification. In 2019 the company obtained a Certificate of Environmental Impact Assessment from the Federal Ministry of Environment, signaling regulatory compliance for exploration and mining operations.

Commercially, Wasia African Mining runs a hybrid revenue model combining one-time project fees (mining extraction and site preparation), professional services fees (geophysical surveys), hardware rentals (Terrameter and XRF), transaction-based mineral export fees, and managed advisory/financing arrangements for mining partnerships. Pricing is quote-based and project-specific rather than published. GTM is enterprise field sales with relationship-led outreach from the Abuja office, supplemented by content marketing, SEO for Nigerian mining keywords, and direct phone/in-person consultations. The firm claims multi-state Nigerian execution and bilateral relationships with international mineral buyers, but discloses no revenue, headcount detail beyond a 1-10 employee range, funding, or contracted customer logos in public sources.

Name

Wasia African Mining

Legal name

Wasia African Mining Co. Ltd

Website

https://wamco.ltd

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

Wasia African Mining Co. Ltd is a Nigerian mining and geophysical services company based in Abuja that explores and extracts lead, zinc, and copper, exports minerals internationally, and provides geophysical surveys, construction, and mining partnership financing to local mining firms, investors, and international buyers.

Ownership category

akta.pro rank

Product category

Mining Services and Mineral Extraction

NAICS

Copper, Nickel, Lead, and Zinc Mining (212230), Support Activities for Metal Mining (213114)

SIC

Metal Mining (1000)

akta.pro industry

PRIMARYIMAKAKAD

Mine Operations Contracting (Open-Pit & Underground Development, Production, Load/Haul)

Industrials, Manufacturing & Construction/Metals & Mining/Mining Services & Contracting (Exploration, Drilling, Blasting, Mine Operations)

SECONDARYIMAKAKAK

Mine Surveying & Geospatial Services (Survey, Drone/LiDAR, GIS, Grade Control)

Industrials, Manufacturing & Construction/Metals & Mining/Mining Services & Contracting (Exploration, Drilling, Blasting, Mine Operations)

SECONDARYIMAFADAE

Mining & Mineral Processing Facility Construction

Industrials, Manufacturing & Construction/Construction & Civil Engineering/Industrial Construction (Plants & Facilities)

Keywords

• Mineral extraction
• Geophysical surveys
• Minerals export
• Mining partnership
• Subsurface mapping

Headquarters

HQ city

Abuja

HQ country

Nigeria

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Mining Services: Core mining services including exploration, extraction, and processing of lead, zinc, copper, and other minerals in commercial quantities. Revenue generated from mining operations, mine site preparation, and extraction services.
2. Geophysical Services: Fee-for-service geophysical investigations and surveys including infrastructure construction site investigations, mineral exploration surveys, water exploration, and archaeological investigations. Services include subsurface mapping, resource calculation, and geochemical analysis.
3. Equipment Rental and Sales: Rental and support services for geophysical equipment including ABEM Terrameter LS 2 and LS2 Terameter for mineral exploration and resistivity surveys.
4. Minerals Export: International sales and export of solid minerals including lead, zinc, and copper to global buyers. The company negotiates with international mining firms and private sector firms to sell mined mineral resources in international markets.
5. Mining Partnership Financing: Providing financing options in capital markets for mining partnership ventures, offering ongoing advisory services in exchange for equity or returns from successful mining operations.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Wasia African Mining Co. Ltd is a Nigerian-based mining company that extracts, processes, and exports solid minerals — primarily lead, zinc, and copper — from sites across multiple Nigerian states. The company delivers an integrated stack of services: mineral mining (exploration, extraction, processing, mine site preparation), international minerals export, geophysical investigation services (subsurface mapping, resource calculation, geochemical analysis using GPR, seismic, resistivity tomography, borehole logging, and XRF technologies), construction services, and mining partnership financing/advisory supported by equipment rental such as the ABEM Terrameter LS 2.

Product overview

Wasia African Mining Co. Ltd is a Nigerian-based mining company offering a portfolio of integrated mining services. Its core offerings include Mining of Minerals (extraction of Lead, Zinc, and Copper), Minerals Export (international trading), Geophysical Services (survey and investigation), and Construction. The company also provides specialized services including Mining Partnership (strategic collaborations with equipment rental and advisory support) and analytical services using XRF technology. The LS2 Terrameter equipment rental supports geophysical exploration activities for both internal operations and partnership clients.

Differentiator

Problem solved

Functional benefit

Products and services

• Mining of Minerals

Quantifiable outcome

• Environmental compliance certified by Federal Ministry of Environment, Nigeria
• +1 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Local Mining Companies in NigeriacoreStrategic or Co-development Partner · 4 February 2019Wasia African Mining has established strategic partnerships with legitimate mining companies across several Nigerian states. These partnerships involve sharing expertise, providing geophysical services, equipment support, and financing. The company has signed mining partnership agreements with multiple firms to foster long-term relationships and build enduring value for investors. Partnerships include deep expertise in all aspects of mining with coverage across major Nigerian mining geographies.
• Public Sector and Government EntitiescoreStrategic or Co-development PartnerCollaborations with public sector entities, government agencies, and relevant local authorities for mining projects, regulatory compliance, and sector development initiatives.
• International Mining Firms and BuyerscoreStrategic or Co-development PartnerRelationships with international mining firms and mineral buyers for the export and sale of Nigerian minerals including lead, zinc, and copper. The company has collaborated with international entities and negotiated with private sector firms to secure buyers for mined mineral resources.
• Local Miners and Artisanal Mining OperationsminorStrategic or Co-development PartnerEngagement with local miners and artisanal mining operations to help increase mining output and connect small operations with professional mining services, equipment, and market access.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Others

• Viridien (formerly CGG): Global geophysical services and earth sciences company providing subsurface imaging, resistivity, and survey services. Comparable as a provider of the same geophysical investigation capability that forms part of Wasia's service offering.
• TGS ASA: Global energy and minerals data company acquiring and licensing multi-client geophysical datasets. Adjacent peer given the overlap in subsurface data and geophysical survey workflows used by Wasia's exploration services.
• ION Geophysical Corporation: Provider of geophysical technology, software, and acquisition services for minerals and energy exploration. Comparable as an ecosystem participant in the same geophysical investigation tooling Wasia deploys for mineral exploration.

Broad incumbents

• Endeavour Mining plc: Major London-listed West African gold producer with multiple operating mines in the region. Relevant as a benchmark incumbent whose exploration-to-production footprint in West Africa establishes the regional peer set for Wasia.
• Barrick Gold Corporation: Global gold major with significant West African operations (notably through its stake in the Loulo-Gounkoto complex). Relevant broad incumbent defining the scale and competitive landscape Wasia operates in.

Emerging players

• Vital Metals Limited: ASX-listed emerging critical and base minerals developer (historically rare earths and base metals). Comparable as a small emerging operator pursuing mineral offtake into global markets via a similar junior-miner playbook.

Direct peers

• Symbol Mining Limited: ASX-listed junior historically focused on Nigerian base and precious metals projects. Directly comparable to Wasia as a small-cap operator pursuing exploration and development of Nigerian mineral assets.
• Thor Explorations Ltd: Canadian-listed gold miner focused on Nigeria, including the producing Segilola project. Highly comparable as a Nigerian-anchored operator pursuing exploration, mine development, and export from the same regulatory environment as Wasia.
• Kogi Iron Limited: ASX-listed iron ore developer focused on the Agbaja deposit in Nigeria. Comparable as a junior mining operator pursuing extraction and infrastructure development in the same Nigerian regulatory and operating context as Wasia.

Regional players

• West African Resources Limited: ASX-listed gold miner operating across Burkina Faso and West Africa. Comparable as a West African-focused operator pursuing exploration, development, and production in the regional mining ecosystem where Wasia operates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/wasiaafricanmining
• Xx.com/wasialtd
• LinkedInlinkedin.com/company/wasia-african-mining-co-ltd

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Wasia African Mining