Browsing: History of mining in Nigeria

A United Kingdom (UK)-based company is set to pump a total of $100 million into Nigeria’s mining sector. Reports indicate that Aurelia Mining Limited has declared it will invest the said amount in gold mining in Nigeria.

The plan was announced by the company’s Director  Mr Julian Hammond on Monday after a meeting with the Minister of Mines and Steel Development, Mr Olamilekan Adegbite in Abuja.

Preliminary gold drilling

According to Mr. Hammond,  Aurelia Mining Limited plans to start preliminary gold drilling in Nigeria to discover the quantity of gold available in the country and attract larger investments.

He said the company will commence small mining operation with five to 10 million dollars first.

“With time, if the gold deposit is big as expected, we will invest about 100 million dollars for the period of 10 to 15 years,” he said.

Hammond added that the company will kick off its …