The Nigeria Mining Cadastre Office (MCO) says that Dangote Group and six foreign companies are currently raising funds from the capital market to begin full-scale mining this year,according to News Agency of Nigeria (NAN)
Mohammed Amate, the Director-General of the office, in an interview with the News Agency of Nigeria (NAN) in Abuja listed the minerals as gold, coal, iron-ore and lead/zinc.
He said it had become imperative for the Dangote Group and foreign companies to raise funds from the capital market for the mining since the projects are capital-intensive.
Amate named the foreign companies as Kogi Mines Ltd, Segilola Nig. Ltd, Mines Geotechniques Nig. Ltd, Northern Numero Resources Ltd, West African Polaris Investment Ltd as well as Tongyi allied and Mineral Services Ltd.
He said that the companies had completed their exploration exercises and delineated the deposits, while obtaining mining leases (licences) to mine coal and other minerals in the country this year.
