Business Four firms to mine gold, Iron ore in Osun, Kebbi, Kogi

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LequteMan

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Four foreign companies are to begin mining of gold and iron ore in Nigeria this year, Mohammad Amate, the Director-General, Nigerian Cadastre Office, said yesterday in Abuja.

Mines Geotechniques Nig. Ltd., an Australian firm, and Northern Numero Resources Ltd. from the UK, have licences to mine gold in Kebbi State. Two other Australian companies, Segilola Nigeria Ltd. and KCM Mining Ltd. —will mine gold in Osun State and iron ore in Kogi state, respectively.

Mr. Amate said the companies, which will operate in Kebbi, Osun and Kogi states were among 20 foreign companies granted mining exploration licences by the Federal Government, and that they have completed exploration programmes in areas approved for them.

He added that the Ministry of Mines and Steel Development has put necessary policies in place to encourage investment in the solid minerals sector.


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