Don't Miss


Home   >   Business   >   Industries   >   Economy   >   FG Awards Gold Mining Licenses to 7 Firms

FG Awards Gold Mining Licenses to 7 Firms

By on May 9, 2012

The Federal Government has awarded gold mining licenses to seven firms.

The Minister of Mines and Steel Development, Mr. Musa Sada, revealed the identities of the firm as Retel, Savannah Gold, CGC Nigeria Ltd, Erin Mineral Resources, Karing Five Limited, Mines Geotechniques and Northern Numero Resources Limited.

The Minister disclosed this at the ministerial platform anchored by the Minister of Information, Mr. Labaran Maku, in Abuja.

He said other minerals now being mined in the country included  manganese, columbite, chromite, coal, lead, zinc, tantalite, gemstone and granite.

“We have completed 85 per cent of electric arc furnace, 95 per cent induction furnace, and 70 per cent installation of lead-zinc smelting plant for research and development in the minerals and metals sector.

“We started a programme of supporting private steel production outfits, which resulted in raising the production figures for steel and other metals to over one million tonnes during the past one year,” he added.