REPORT ON PARTNERSHIP DISCUSSION BETWEEN BORNO MINING COMPANY LIMITED AND HAWUL INVESTMENT
7th April, 2026
Introduction
On the 7th of April, the General Manager (GM) of Borno Mining Company Limited received a strategic partner, Alhaji Kashim Mshelia, Chief Executive Officer of Hawul Investment. The visit was aimed at initiating a collaborative relationship focused on the exploration and development of mineral resources within Borno State.
Purpose of the Meeting
The primary objective of the meeting was to discuss the possibility of a partnership between Borno Mining Company Limited and Hawul Investment. The proposed collaboration seeks to leverage the expertise and resources of both parties to enhance mineral exploration activities across designated license areas in Borno State.
Key Discussions and Agreements
During the meeting, both parties engaged in productive discussions and reached a mutual understanding on the following key points:
* Hawul Investment expressed strong interest in partnering with Borno Mining Company Limited to explore mineral resources within the state.
* Both parties agreed in principle to formalize the partnership through the drafting and signing of a Memorandum of Understanding (MOU).
* It was agreed that certain portions of Borno Mining Company Limited’s mineral license areas would be conceded to Hawul Investment under clearly defined terms and conditions.
* The collaboration is expected to promote investment, improve operational capacity, and accelerate mineral resource development in the region.
Next Steps
* Drafting of the Memorandum of Understanding (MOU) by both legal teams.
* Review and approval of the MOU by both parties.
* Formal signing ceremony to solidify the partnership.
* Commencement of joint exploration activities upon execution of the agreement.
In conclusion; The meeting marked a significant step towards fostering strategic partnerships aimed at unlocking the mineral potential of Borno State. The collaboration between Borno Mining Company Limited and Hawul Investment is expected to yield positive economic and developmental outcomes.
Attachment
Photograph taken during the meeting session.
Borno Mining Company Limited
