The minister of mines and steel development, arc olamilekan adegbite, monday, assured that nigeria will become west africas gold producing powerhouse based on the huge deposit of gold, human resource, government8217s drive and initiative, and ease of doing business for the industry.
Aug 10, 2020nbsp018332according to him the country for the first time had mined, processed and refined gold under the presidential artisanal gold mining development initiative, pagmi, for use as part of nigeria
Jul 26, 2020nbsp018332nigeria recently achieved another milestone in its economic diversifi- cation agenda with the launch of the presidential artisanal gold mining development initiative pagmi.
According to him president muhammadu buharis administration has for the past one year gone all out for job creation drive, which the mining sector has been galvanized for that to create thousands of jobs for nigerians.
He said the ministry had created a business friendly and an enabling environment in the sector for the creation of jobs. the country is on its way to becoming a major gold producing hub in the west african region, which would diversify the countrys revenue away from crude oil and create jobs for its teeming youthful population.
Indeed the international road-shows we have had in the past have borne fruits. today we have thor exploration in osun state through the segilola gold project, which is projected to start producing in the first half of next year. the project is expected to create about 400 direct jobs and 1000 indirect jobs.
The government had licensed two gold refineries that would refine gold to the london bullion market association, lbma, standard.
Numerous industries will spring off when our gold economy becomes full-fledged.
Nigeria is on its way to becoming a major gold-producing hub in the west african region, the federal government declared on monday.
Aug 10, 2020nbsp018332the gold produced is expected to become a part of nigerias external reserve after being purchased by the central bank. pagmi will result in the creation of thousands of new mining and formalized jobs, leading to poverty alleviation for many households.
Nigeria is on its way to becoming a major gold-producing hub in the west african region, the federal government declared on monday. according to the government, this would diversify the country ...
He said, indeed, the international roadshows we have had in the past have produced fruits. today, we have thor exploration in osun state through the segilola gold project.
The exploration firm is projected to start producing gold in the first half of next year. the project is expected to create about 400 direct jobs and 1,000 indirect jobs.
Adegbite said the government had licensed two gold refineries that would refine gold to the london bullion market association standard.
The minister projected that a number of industries would spring up across the gold value chain.
He added, numerous industries will spring up when our gold economy becomes full-fledged. some of them will include equipment leasing and repairs, logistics and transport, as gold requires a specialised means of transport, security, insurance, aggregators, and so on.
The minister noted that for the first time, the country had mined, processed and refined gold under the presidential artisanal gold mining development initiative for use as part of nigerias external reserves.
Adegbite also stated that that the mines ministry had initiated a process that would lead to local capacity development in the production of barite.
Jul 16, 2020nbsp018332nigeria has largely untapped deposits of 44 minerals including gold, iron ore, coal, tin and zinc, in more than 500 locations, but mining makes up just 0.3 of the economy.
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Jul 29, 2020nbsp018332specifically, general secretary, nigerian mining and geoscience society nmgs, dr. akinade olatunji, noted that gold occurrences in nigeria
Aug 01, 2020nbsp018332it was gathered that nigeria has produced, for the first time ever, in june 2020, artisanally-mined gold that has been processed and refined according to the london bullion market association ...
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