Nigeria’s First Gold Refinery Ready Next Year
Nigeria is about to get a gold refinery.
The refinery located in Ogun State is scheduled to be completed by the end of June, according to Kian Smith Trade & Co Ltd., the local company developing it.
The refinery will initially be able to produce 3 metric tons of gold each month, and 1 ton of silver, Kian Smith said in a statement.
Already the company has got suppliers which include the central bank, as well as the jewelry and electronic industries.
It will source its gold from Zamfara, Kebbi and Kwara.
The Minister of State for Mines and Steel Development, Abubakar Bwari, who was at the ground-breaking ceremony said president Muhammadu Buhari’s administration is “determined to develop the mining sector to act as a catalyst for sustainable economic growth of the country”.
“Part of our marching orders in the mines and steal development ministry is that we are expected to develop the sector to increase its contribution to the nation’s Gross Domestic Product, improve its capacity to create jobs and engender sustainable mining,” he said.
He noted that it was in keeping with his ministry’s mandate that a road map was developed for the growth and development of the sector.
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