UK Firm to Invest $100m in Nigeria’s Gold Mining Sector
A UK-based firm, Aurelia Mining Limited, has concluded plans to invest a total of $100m in gold mining in Nigeria.
Aurelia’s Director, Julian Hammond, revealed this when he led a delegation on a courtesy visit to the Minister of Mines and Steel Development, Olamilekan Adegbite, on Monday in Abuja, Nigeria’s capital.
According to him, the Aurelia group’s visit to Nigeria was for preliminary and testing, known as drilling, to determine the amount of gold available and also to woo other mining investors to Nigeria.
After assessing Nigeria’s mining potentials, the firm plans to start a small mining operation worth between $5 and $10m and expand its investment to about $100m within 15 years.
“With time, if the gold deposit is as big as expected, we will invest about $100m for the period of 10 to 15 years.
Read more: https://newscentral.africa/2021/07/20/uk-firm-to-invest-100m-in-nigerias-gold-mining-sector/