Nigeria produces gold worth $194.4 million in one year — Nigeria
Nigeria produces gold worth $194.4 million in one year — Nigeria
The Segilola Resources Operating Limited (SROL), a solid minerals firm in Nigeria, announced on Friday, that it had produced 84,609 ounces (2,398.6 kilograms) of gold, valued at $194.4 million at current prices, for 2023.
The firm run by Nigerians, said it seeks support from the Nigerian Government to expand its operations and make a greater contribution to the economy.
Managing Director and Chief Executive Officer of the Segilola Resources Operating Limited (SROL), Segun Lawson, disclosed this while receiving the Minister of Solid Minerals Development, Dr. Dele Alake, on a site tour of SROL’s facility in Ilesha, Osun State.
Presenting the achievements of the company to the Minister, he said the company operates an open pit system involving drilling and blasting, hauling, and loading the rocks before processing them into gold.
In response, Minister of Solid Minerals Development, Dr. Dele Alake, pledged the support of the Federal Government for SROL, particularly because it promotes local content and positively impacts the host community with developmental projects.
He advised mining companies to emulate the international best practices of the Segilola gold project to develop the sector.
Nigeria produces gold worth $194.4 million in one year — Nigeria
The Segilola Resources Operating Limited (SROL), a solid minerals firm in Nigeria, announced on Friday, that it had produced 84,609 ounces (2,398.6 kilograms) of gold, valued at $194.4 million at current prices, for 2023.
The firm run by Nigerians, said it seeks support from the Nigerian Government to expand its operations and make a greater contribution to the economy.
Managing Director and Chief Executive Officer of the Segilola Resources Operating Limited (SROL), Segun Lawson, disclosed this while receiving the Minister of Solid Minerals Development, Dr. Dele Alake, on a site tour of SROL’s facility in Ilesha, Osun State.
Presenting the achievements of the company to the Minister, he said the company operates an open pit system involving drilling and blasting, hauling, and loading the rocks before processing them into gold.
In response, Minister of Solid Minerals Development, Dr. Dele Alake, pledged the support of the Federal Government for SROL, particularly because it promotes local content and positively impacts the host community with developmental projects.
He advised mining companies to emulate the international best practices of the Segilola gold project to develop the sector.
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