Corica

What Corica does

Corica is an African-owned mining services company headquartered in Abidjan, Côte d'Ivoire, founded in 2002. The company provides full-lifecycle contract mining, civil construction, and supply-logistics services to international resource companies operating in West Africa. Its offering spans five operating divisions: Corica Mining Services (open pit production including exploration drilling, grade control, production drilling and blasting, load and haul, and crusher feeding); Corica Underground (project start-up, portal construction, decline and level development, production, diamond drilling, remnant mining, and rehabilitation); SFTP Civils (bulk earthworks, road/bridge/rail/dam construction, TSF construction to GISTM standards, and aggregate supply); ESSE (procurement, logistics, transport, and warehousing for mining consumables and equipment); and Mine Development (early-works mine infrastructure including access roads, airstrips, and water infrastructure). Service delivery relies on a modern equipment fleet including 50t-200t class excavators, 30t-90t dump trucks, exploration and blast-hole drill rigs, and diamond drilling equipment, deployed across eight countries: Côte d'Ivoire, Mali, Burkina Faso, Guinea, Senegal, Namibia, and others.

Corica serves enterprise mining clients including Barrick Gold, Endeavour Mining, Resolute Mining, Hummingbird Resources, Allied Gold, Perseus Mining, Teranga Resources, Leo Lithium, and Appian Capital. The company runs at least 17 named mining projects across gold, lithium, and zinc commodities. The go-to-market is direct enterprise sales to mining-company decision-makers, with multi-year contracts negotiated individually; pricing is not publicly disclosed and is structured per contract. The ESSE division addresses a core African mining pain point: reliability of supply chain for consumables, parts, and equipment.

Corica is privately held and African-owned, with no disclosed parent company, institutional investors, or external funding rounds. It has grown organically from a single excavator and truck in 2002 to a workforce of 2,000+ employees across eight countries, recording continuous contract wins from 2019 through 2024, including entry into new commodities (lithium in 2022, zinc in 2024) and a first expansion outside West Africa into Namibia in 2024.

Name

Corica

Legal name

Corica

Website

https://corica.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Corica is an African-owned contract mining services company headquartered in Abidjan, providing open-pit mining, underground mining, civil construction, and supply-logistics services to international resource companies across West Africa and Namibia.

Ownership category

akta.pro rank

Product category

Contract Mining Services

NAICS

Support Activities for Metal Mining (213114)

SIC

Metal Mining (1000)

akta.pro primary industry

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

akta.pro secondary industries

Mine Construction & Development Contracting (Shaft Sinking, Tunneling, Pre-Strip, Civil Works) (IMAKAKAG), Contract Crushing, Screening & Materials Handling (In-Pit/ROM, Conveying, Stockpiling) (IMAKAKAH), Mine Site Support Services (Camp/Catering, Security, Fuel & Lubricants, Water, Waste, Roads) (IMAKAKAE)

Keywords

• Contract mining services
• Open pit mining
• Underground mining
• Mining logistics supply
• Civil construction mining

Headquarters

HQ city

Abidjan

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Contract Mining Services: Long-term contracts with international mining companies for open pit and underground mining operations. Services include drilling, blasting, load and haul, production, and mine development. Revenue generated through service contracts typically structured as time and materials or fixed-price arrangements.
2. Equipment and Labour Hire: Rental of modern earthmoving equipment including excavators, dump trucks, and drilling rigs. Provision of experienced operators and specialized personnel for short-term and long-term mining project engagements.
3. Supply and Logistics Services (ESSE): Procurement and delivery of mining consumables, parts, and equipment to mining sites across West Africa. Revenue from supply chain management and logistics services.
4. Civil Construction Services: Infrastructure construction including bulk earthworks, road construction, TSF construction, and aggregate/concrete supply for mining and civil projects. Revenue from construction project delivery.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Corica is a contract mining services company that delivers end-to-end open pit and underground mining operations, including drilling, blasting, load and haul, crusher feeding, mine development, diamond drilling, and rehabilitation. Through its divisions it also provides civil construction (roads, bridges, dams, tailings storage facilities) and dedicated supply chain and logistics services for mining clients operating in West Africa.

Product overview

Corica is a full-service African-owned mining services company offering an integrated portfolio of mining solutions across five distinct divisions. The core offering spans open pit mining services (Corica Mining Services), underground mining operations (Corica Underground), supply and logistics (ESSE), civil construction (SFTP Civils), and mine development infrastructure (Mine Development). These divisions work together to provide end-to-end mining services from exploration through to mine closure, serving international resource companies across West Africa.

Differentiator

Problem solved

Functional benefit

Brands

• SFTP Civils: Specialist civil construction and mining company building infrastructure for West Africa. Provides bulk earthworks, site preparation, road/bridge/rail/dam construction, TSF construction, aggregate and concrete supply.
• ESSE
• Corica Underground
• Corica Mining Services

Products and services

• Corica Mining Services Full-service open pit mining solutions including exploration drilling, grade control, production drilling and blasting, load and haul, long distance haulage, crusher feeding, and labour and equipment hire for mining operators across West Africa.
• Corica Underground Underground mining solutions including project start-up and portal construction, decline and level development, production management, diamond drilling, remnant mining, rehabilitation, integrated management with embedded expert staff, labour and equipment hire, and technical support.
• ESSE Supply and Logistics Supply and logistics services for mining companies, contractors, and civil contractors across West Africa, offering procurement of consumables and parts, equipment sourcing, transport, heavy lifting, warehouse facilities, and reliable delivery to site.
• SFTP Civils Specialist civil construction and mining infrastructure services including bulk earthworks, site preparation, road, bridge, rail and dam construction, tailings storage facility construction aligned with GISTM standards, aggregate and concrete supply, pavement construction, and wastewater facilities.
• Mine Development Early works mine infrastructure services including exploration drilling, construction of access and haul roads, bridges, airstrips, water infrastructure, and concrete and aggregate supply to prepare mine sites for production.

Quantifiable outcome

• Serving mining operations across 8 countries in West Africa
• +1 more outcomes

Named customers9 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Macmahon: Macmahon is an Australian-listed mining services contractor providing open-pit and underground services across multiple continents. Broadly comparable to Corica's full-lifecycle mining services offering, with greater scale and public-company transparency.
• Perenti Global: Perenti Global is the parent of African Mining Services and Barminco, providing surface and underground mining services globally. Comparable as an umbrella competitor to Corica's integrated mining services platform across West Africa.
• Barminco: Barminco (a Perenti Global subsidiary) is a leading underground mining services contractor with global operations. Comparable to Corica Underground in underground service delivery, but larger and with more diversified geographic exposure.
• Orica: Orica is the world's largest provider of commercial explosives and blasting services to mining and infrastructure markets. Adjacent to Corica's drilling-and-blasting activities as both a potential partner and competitor in West African blasting services.
• Byrnecut: Byrnecut is a large international underground mining contractor specializing in decline development, production, and diamond drilling. Comparable to Corica Underground in underground service offering, though larger in scale and broader in geographic reach.

Regional players

• Mota-Engil Africa: Mota-Engil is a Portuguese construction and mining group with significant operations across Africa, including civil construction and mining services in West Africa. Comparable to Corica in African mining and civils footprint, though larger and with broader geographic scope.

Direct peers

• DTP Terrassement: DTP Terrassement is a West African mining and civil works contractor active across Burkina Faso, Mali, Côte d'Ivoire, and Guinea. Directly comparable to Corica's SFTP Civils and open-pit operations in regional scope and service offering.
• Capital Limited: Capital Limited is a specialist drilling and mining services contractor with deep operations across West Africa, providing exploration and production drilling to major mining companies. Highly comparable to Corica on West African footprint and drilling-led contract services.
• PW Mining International: PW Mining International is a West Africa-focused mining services contractor providing drilling, blasting, load-and-haul, and equipment hire to gold and base-metal miners. Closely comparable to Corica in regional focus, service mix, and customer base.
• African Mining Services (AMS): African Mining Services is a West African contract mining services provider (now part of Perenti Global) operating open-pit load-and-haul, drilling, and blast services for major gold miners. Directly comparable to Corica Mining Services in geography, customer base, and service offering.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks1 record

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/sftp-mining

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries4 records

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 Corica