The Federal Government has announced the signing of an Express of Interest with La Mancha, a Luxembourg-incorporated private gold development & mining company to begin gold mining operations in Nigeria.
This was disclosed in a statement by the FG on Saturday. Dr. Uchechukwu Sampson Ogah, Minister of State for Mining signed the deal on behalf of Nigeria with Chairman of La Mancha, Naguib Sawiris, in Cairo,
The Chairman, La Mancha, Naguib Sawiris, disclosed that the signing of the document was its way of formally expressing the company’s interest to begin earnest operations in Nigeria.
He stated that “La Mancha was continually looking at new opportunities to expand its investment in Gold Mining across Africa, adding that Nigeria possessed enough gold deposits to attract investment.”
Dr. Ogah said the partnership with La Mancha and other mining companies including Endeavour Mining, Golden Star Resources, and with a market capital in excess of US$10bn will benefit Nigeria immensely.
“Our ultimate goal is to attract investors with the technical and financial competence to invest in our solid minerals sector, from detailed exploration to mining, development, processing and refining to producing standard ores in Nigeria,” Ogah said.