Mining Escapades: Benedict Peters Sets Sights on Zimbabwe's Vast Lithium Deposit
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Billionaires - July 4, 2023

Mining Escapades: Benedict Peters Sets Sights on Zimbabwe’s Vast Lithium Deposit

Benedict Peters, Nigerian billionaire and renowned philanthropist, is currently contemplating venturing into the lithium mining industry within Zimbabwe according to reports.

Benedict Peters, gained significant attention by initiating a platinum mining endeavor in Zimbabwe via his mining firm, Bravura Holdings Ltd in 2019.  This venture involved the acquisition of a 3,000-hectare (7,413-acre) concession with intentions to establish a mine in Selous, a region situated approximately 80 kilometers (50 miles) south of Harare, the capital city of Zimbabwe, and near existing platinum mines.

Nevertheless, according to a report from Africa Intelligence, it seems that Benedict Peters’ initial enthusiasm for the platinum mine project in the Maflox Claims area of Selous has diminished since his arrival in Zimbabwe in 2019, just before Emmerson Mnangagwa’s election. 

It appears that Peters’ local company, Bravura, has struggled to meet regulatory obligations and fulfill its investment commitments, prompting a change in direction. Subsequently, the company has shifted its focus discreetly towards a lithium deposit located in Kamativi, a mining town in the Matabeleland North province of Zimbabwe.

What you should know about Benedict Peters

Benedict Peters, a prominent figure among Nigeria’s wealthiest individuals, is renowned as the owner of Aiteo Eastern E & P Company Ltd, the largest domestic oil producer in Nigeria. Alongside his oil enterprise, Peters has successfully diversified into the mining industry via his mining company, Bravura Holdings Ltd. The company possesses mining concessions for cobalt in the Democratic Republic of Congo, copper in Zambia, and gold in Ghana.

The company possesses one of Nigeria’s most expansive petroleum tank farms, encompassing a vast land area exceeding 100,000 square meters. These facilities boast an impressive capacity of over 250 million liters, including the Abonnema Storage Terminal. Aiteo Group has established offices in various locations, including Abuja, Port Harcourt, Warri, London, and Geneva, while its headquarters are situated in Lagos, Nigeria.

In 2017, the Aiteo Group received the prestigious honor of being named the “Company of the Year” at the New Telegraph Awards. This recognition was followed by another remarkable achievement when they were awarded the Nigeria Oil and Gas Conference Awards in July 2018.

Benedict Peters, the esteemed founder and chairman of the Joseph Agro Foundation, has dedicated his efforts towards enhancing the livelihoods of farmers residing in rural areas. The foundation has spearheaded numerous philanthropic projects and initiatives, with a special focus on rural communities.

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