BusinessAugust 9, 2026

beneficiation

buh-nih-fih-shee-AY-shun

Definition

The process of improving the economic value of raw materials, particularly ores, by refining or processing them into higher-value products before export.

Etymology

Derived from the Latin 'beneficium' (favor, benefit), it entered English through the industrial context of mineral processing, specifically referring to the treatment of raw ore to make it more useful.

In the news

The article uses 'beneficiation' to argue that Nigeria should process its raw minerals domestically to add value and boost productivity, rather than just exporting raw resources.

Why Nigeria’s inflation rate is falling, while poverty rate rises

Read the full article ↗

Tribune Online

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