Minestake is the 1st mining tech company whose mission is to reduce environmental pollution and increase the contribution of solid minerals to the National GDP in Africa. We do this by creating an online platform for “everyday people”, to engage in the solid minerals value chain by sponsoring artisanal miners and mining projects.
In achieving our objective, we empower the artisanal miners by providing access to funds, technical support (inclusive of further exploration & research on their mines, training on best mining techniques, sales of mine produce for higher value) to boost the quality and quantity of their mine production and also provide a healthy profit for both miner and sponsor.
We are a set of professionals with combined industry experience of over 30 years who have come from the Geoscience, Finance and Technology sector. Our common goal is to seek for ways to have an impact on artisanal miners, contribute to the growth of the solid minerals sector, improve mining activities in Africa and open door for digital investment in the African mining industry from anywhere in the world.
First you have to sign up on our website to create your own personalised Minestake profile, you then select a mineral category of your choice. You sponsor the mine, and at the end of the mine gestation period which will be within 90 days depending on mineral type, you will receive a percentage of the profit after the sales of the mine produce and also your initial sponsorship capital.
Visit our homepage and ‘Sign Up’, to create your unique Minestake Profile by providing all the information required. You can either sign up with your email address or your Facebook account.
Go to our MS Shop and select any mine of choice (N.B. this is subject to availability)
Sponsor a given number of Minestake Lot(s)
Receive regular feedback of all mine activities through our ‘mine updates’
At the end of the 90 days(Gestation period depends on type of Solid Minerals), the Mine Produce is sold and the Sponsor is paid a ‘Returns-after-Sales’ in addition to the initial Sponsorship Capital.
Click on the mine or mineral category you want to sponsor, select the number of Minestake lots you want to sponsor and click on “Buy now” icon.
You will be directed to another page to “check out” your order and to agree to the terms and conditions stated.
After that select the payment options of either ‘Paystack’ or ‘Flutterwave’, you will be required to complete the transaction with your ATM Card or you may choose the bank transfer option which would require you to use your bank token to complete the transaction.
First you will receive a ‘Mine Lot allocation Email’ which acknowledges receipt of sponsorship of the mine , the location of the mine you sponsored, the mine cycle tenure.
On a periodic basis, you will receive mine/solid minerals updates which keeps you abreast of all activities on your mine, from the beginning to the end of the gestation period.
Minestake will send Mines Sponsors periodic updates; we send bi-weekly updates for mine cycles which are 3 months and less and we can send monthly updates for Mine cycles which exceed 6 months.
Depending on the mine/solid mineral you select, the cycle can run from 3 months to 9 months.
The initial sponsorship and return after sales of mine produce will be paid into the account details provided by you on your profile. You can click on ‘edit profile’ on your dashboard to update your bank details and other information.
The profit generated at the end of the mine cycle(Sales of Mine produce) is shared between the Artisanal miner, the Mine sponsor(You) and Minestake based on a pre-determined model. This is done at the end of the stated tenure period for the Mine.
The minimum number of mines you can sponsor is one (1) Lot of any Mine/Solid Mineral, and you can sponsor as many Mines as you so choose but this is subject to the Mine availability.
Each of our mines have a fixed cycle period. This is determined by taking into cognisance the gestation period required for each mine to go from mining to the sales stage. As it is virtually wrong to wilfully interrupt the mining process of a mine, we will not be able to ‘terminate’ the mine cycle of any given Ms Lot. However, at the end of the stipulated mine cycle, and the sponsor has received his/her sponsorship and returns after sales, the decision to re-sponsor another mine or otherwise, is entirely the sponsor’s decision.
Minestake has provided insurance cover for all existing mine projects, so that in the event of unforeseen circumstances, the sponsor’s capital can be refunded. The insurance covers only the initial sponsorship capital, it does not cover the return after sales.