China’s Increasing Control of Africa’s Mineral Resources

China’s Increasing Control of Africa’s Mineral Resources

Nigeria’s Minister for Mines prides himself on his recent re-election as Chairman of the newly formed Africa Minerals Strategy Group, established by African Ministers of Minerals and Mining to foster cooperation among African nations in the development of critical minerals. 

Minister Alake is a former journalist and close friend of President Tinubu. During Tinubu’s two terms as Governor of Lagos State it was Alake who managed Tinubu’s media as the Governor’s Commissioner for Information and Strategy.

It is this African Minerals Strategy Group that is leading the push for the introduction of the Madini Protocol, a blockchain platform which will be the Trojan Horse for Chinese control of the African minerals sector.

Since becoming Minister for Sold Minerals Development Alake’s primary focus has been on securing large-scale investments and fostering partnerships for local mineral processing. This has led to the development of several lithium processing plants in Nigeria, primarily backed by Chinese investment. 

 Major Chinese companies such as Canmax Technology, Jiuling Lithium, Avatar New Energy, and Asba have announced investment in lithium processing facilities in Nigeria.

Since late 2025, Canmax has aggressively secured lithium ore to feed its expanding processing faciliies.

 Canmax Technologies is primarily owned and controlled by its founder and chairman, Mr Pei Zhenhua, alongside his wife, Rong Jianfen. Alake claims Canmax is investing US$200M to develop lithium mining operations in Nigeria, in line with Chinese aggressive moves to control African mineral resources and infrastructure such as ports and railways necessary to exploit the mineral reserves. 

Chinese megafirm CATL announced plans to increase its stake in Canmax's lithium subsidiaries. CATL holds approximately 40 percent of the global EV battery market and almost 70 percent of the NCM (Nickel-Cobalt-Manganese) battery market in China. China as a whole processes approximately 65 percent to 80 percent of the world’s lithium. As the dominant player in China, CATL effectively directs a majority of the lithium hydroxide refined within the country toward its own Gigafactories.

Minister Alake has become a frequent and strong advocate for China’s involvement in Nigeria’s minerals and infrastructure development which has been a hallmark of his many trips to China.

As Chairman of the Africa Minerals Strategy Group, Minister Alake has introduced the Madini Protocol, a Chinese backed blockchain-based platform for trading and digital financing. This hi-tech system is not only designed for tracking minerals from extraction to market but also tracking every person involved in the supply chain including local villagers who may be employed at the mine. The system converts unmined mineral reserves into tradable digital tokens. 

In other central Asian countries China state-controlled tech companies are rolling out platforms that turn natural resources including water into digital tokens tradable on blockchain-based platforms and for digital financing. The Chinese companies rolling out deals with governments say there is no limit to what they can tokenize and make tradable on their platforms. 

The Madini Protocol, made possible through a collaboration between David Chen (Founder of BLCP Capital, now Chairman of GTIF) and Chris Wong (CEO of LifeSite). LifeSite Inc., is fronted as the technology company behind the TokenX platform and the Madini Protocol. The background of Wong’s co-founders in this hi-tech digital software is interesting. Crystal Lee, a co-founder of LifeSite, was Miss California 2013 and runner-up in the Miss America 2014 pageant. YoonJin Chang, also a co-founder of LifeSite was a former Miss Korea runner-up in 2010. 

Wong’s long term business associate is David Chen who founded and led Deloitte’s Chinese Services Group in Mexico. Chen’s experience is primarily with food, health, entertainment and real estate industries before moving into global esports and entertainment through FaZe Clan which achieved a valuation of $725 million via a special purpose acquisition company (SPAC) merger in 2022 only to plunge to a 2026 estimate of $13 million.

Wong and Chen’s Madini Protocol is touted as a vehicle allowing African nations to raise capital via the Africa Mineral Token (AMT). In fact, it is a route for China to capture control of Africa’s mineral resources initially targeting Lithium and Gold. It is promoted by Minister Alake as a means of financing through the digital tokenisation to provide a way for Chinese funding for projects via smart contracts on the blockchain.

The Africa Minerals Strategy Group led by Minister Alake is China’s Trojan Horse to capture control of Africa’s mineral resources through mining infrastructure investment using the Madini Protocol to fund Chinese built and operated ore processing plants. All the while Nigerian officials turn a blind eye to the Chinese sourcing of lithium ore for their Nigerian processing plants from illegal miners, paying protection money to heavily armed militants, bandits and ISIS connected groups controlling increasingly larger areas of Nigeria’s North and Central regions. The extreme insecurity of these areas is a perfect cover for Chinese companies illegally mining who pay terrorists protection money rather than state royalties.

In the Year of the Horse Mines Ministers across Africa, like the people of ancient Troy, may welcome the gift brought to their gates by Minister Alake and his Chinese backed partners only to find it is a Trojan Horse which, once inside the gates, is uncontrollable. 

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