Mining Startups in Africa
Overview Powered by AI
Mining in West Africa sees promising growth, with new exploration and investment. Sierra Rutile expands production, Salt Investment boosts operations, while DRILLCORP Sahara provides drilling services. Local leaders are optimistic, expecting increased revenue and job creation, but call for responsible mining practices to minimize environmental impact.
Cummulative Funding
$108.1M+
Total # of Companies
7
Total Deal Count
9
Total M&A Count
1
Total # of Investors
9
List of Mining startups in Africa
Add Startup| Startuparrow_upward | Overviewarrow_upward | Last roundarrow_upward | Total raisedarrow_upward | Founded |
|---|---|---|---|---|
Sierra Rutile is a leading mineral sands company, operating world-class assets in Sierra Leone. | Venture | $ 60,000,000 | 1971 | |
Salt Investment is a mining and metals company that produces and commercializes salt. | Private Equity | $ 30,000,000 | ||
DRILLCORP Sahara is a Mauritania-based drilling services contractor focused on West Africa's mining industry. | Private Equity | $ 8,000,000 | 2005 | |
Wescoal is involved in the mining, processing and distribution of coal. | Venture | $ 8,000,000 | 1996 | |
Gridless deploys distributed, run-of-river hydroelectric bitcoin mining to accelerate the electrification of rural Africa and decentralize. | Seed | $ 2,000,000 | 2022 | |
Kadi is an Accra-based fintech platform which aims to unlock growth in Africa's logistics industry | Grant | $ 100,000 | 2020 | |
Metalex Commodities Inc. is a US-based commodity trading firm with operations across Africa. | Funding Round | Undisclosed | 2020 |
Founded
1971
Overview
Sierra Rutile is a leading mineral sands company, operating world-class assets in Sierra Leone.
Last round
Venture
Total raised
$ 60,000,000
Employee
1001-5000
Founded
Overview
Salt Investment is a mining and metals company that produces and commercializes salt.
Last round
Private Equity
Total raised
$ 30,000,000
Employee
1-10
Founded
2005
Overview
DRILLCORP Sahara is a Mauritania-based drilling services contractor focused on West Africa's mining industry.
Last round
Private Equity
Total raised
$ 8,000,000
Employee
Founded
1996
Overview
Wescoal is involved in the mining, processing and distribution of coal.
Last round
Venture
Total raised
$ 8,000,000
Employee
Founded
2022
Overview
Gridless deploys distributed, run-of-river hydroelectric bitcoin mining to accelerate the electrification of rural Africa and decentralize.
Last round
Seed
Total raised
$ 2,000,000
Employee
11-50
Founded
2020
Overview
Kadi is an Accra-based fintech platform which aims to unlock growth in Africa's logistics industry
Last round
Grant
Total raised
$ 100,000
Employee
2-10
Founded
2020
Overview
Metalex Commodities Inc. is a US-based commodity trading firm with operations across Africa.
Last round
Funding Round
Total raised
$ 0
Employee
11-50