FG to Partner Mining Investors

January 11, 2017
FG to Partner Mining Investors

FG to Partner Mining Investors

By Modupe Gbadeyanka

Minister of State for Mines and Steel Development, Mr Abubakar Bawa Bwari, has disclosed that the Federal government is determined to promote value addition in the mining sector to move the sector to higher level.

Mr Bawa stated this while receiving a delegation of Chinese foreign investors led by the Chairman of Sino Min Metals Limited, Mr Paul Kaizer.

He said government was ready to partner and support serious mining investors that are engaged in value addition of mineral products.

The Minister said “the principle of this Ministry is any mining company that comes with the concept of value addition will be fully supported”.

He noted that the relationship between Nigeria and China especially in mining was getting stronger by the day, revealing that in the last six months, he has led three delegations to China, during the 2016 China Mining Conference in Tianjin and the Nigeria/China Mining Investment Roadshow in Beijing, where two Memorandum of Understanding (MoUs) were signed between Nigeria and Shandong province and between Nigeria and the Ministry of Land Resources, Beijing, China, in the area of exploration and geological sciences.

Mr Bawa commended the delegation for not only indicating interest in investing in the mining of manganese but in adding value to the product by setting up smelting plant to process silicon manganese.

This he said is what the government is canvassing for and he enjoined them to operate within the laws of the country.

Earlier, the leader of the delegation and the Chairman of Sino Min Metals Limited, Mr Paul Kaizer said the delegation was in the Ministry to indicate their interest in partnering with government to promote the production of manganese in the country.

He said their company is into the mining of manganese and located in Kebbi State.

The company currently mines manganese and exports it in its raw form but presently have the intention to partner with a Chinese company to set up a smelting plant that will smelt manganese into silicon manganese.

Mr Kaizer disclosed that the company needs about 100megawatts of power at any given time to operate efficiently and they are in the process of acquiring coal sites in Kogi State to generate power for the company.

The Chairman, Ningxia Jiyuan Metallurgical Group, Mr M O Junhong, the Chinese partner, said their company is one of the top three in metallurgical in China and currently produces about 450,000 tonnes of manganese in China.

He said manganese is in high demand in the steel, cement and building industries.

When operational in Nigeria, it will generate foreign exchange, create jobs and provide training for man power in the sector, he said.

Modupe Gbadeyanka

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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