Prateek Suri’s Mining Ventures, a prominent mining company, has announced its goal to enhance mining services through the use of technology. According to a statement from the company, mining in Africa is a holistic process that incorporates technology to improve sustainability and efficiency, rather than merely focusing on extraction.
“Suri’s vision is to revolutionise traditional mining practices by leveraging advanced robotics and artificial intelligence,” the statement read. It also highlighted that although Africa is rich in natural resources—from energy resources to precious metals and minerals—the mining industry has faced challenges due to outdated infrastructure, complex regulations, and volatile commodity prices.
The statement further noted that “Prateek Suri sees these obstacles as opportunities and envisions a future where strategic investments propel Africa into a major mining hub. With its abundant mineral resources, Nigeria has emerged as a key destination for Prateek Suri’s mining aspirations.” His strategic investments in Nigeria’s mining industry demonstrate his confidence in the country’s future. Nigeria’s rich mineral resources—from coal and gemstones to gold and tin—align perfectly with Suri’s goal of sustainable and comprehensive resource utilisation.
“AI algorithms used in exploratory procedures assess geological data with unprecedented accuracy, expediting the discovery of profitable mining locations. Artificial intelligence-driven robotics enhances operational efficiency by bringing precision to the transportation and excavation processes, all while employing sustainable methods,” the statement added.
The company also expressed its intention to set a benchmark for ethical mining operations across the continent by adhering to sustainable standards. Prateek Suri is at the forefront of a paradigm shift towards environmentally friendly mining operations at a time when sustainability is critical. His initiatives emphasise building strong ties with local communities, minimising environmental impacts, and managing resources responsibly. Beyond the extraction of valuable minerals, community empowerment is a key focus of Prateek Suri’s mining endeavours.
“By investing in the well-being of local communities, Suri aims to ensure that the benefits of mining extend beyond corporate profits, contributing to broader societal prosperity.”
Proposals have been made to develop local skills, create jobs, and encourage entrepreneurship. However, it is important to note that the federal government recently prohibited state governments from regulating mining activities in the country.
