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Nairaland Forum / Nairaland / General / Business / FG Inaugurates Gold Refinery, Boosts Small-scale Mining (22908 Views)
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FG Inaugurates Gold Refinery, Boosts Small-scale Mining by prof2007: 8:22am On Jul 01, 2020 |
The Federal Government has commissioned the operations of Dukia Gold and Precious Metals Project (DGPMP). The project is expected to enable Nigeria mine her gold reserves properly, trade responsibly and refine locally. The Vice President, Prof. Yemi Osinbajo, while performing the virtual commissioning of the project, said Nigeria has potential reserves of 200 million ounces of gold reserves. He disclosed that the Dukia Gold and Precious Metals Project has been under construction for 7 years and it was his pleasure to see that the project is ready to start operations. According to a press statement issued by the Director of Press, Federal Ministry of Mines and Steel Development, Mr. Edwin Okpara, the Vice President said, “I believe the Dukia gold project will encourage the emergence of smaller-scale mining companies which, for the first time, would have a transparent and welcoming market for their mined gold and precious metals. This would create jobs and unleash the economic potential of mining communities.” Going further, he said, ‘’The project will create primary employment for local artisanal miners and mining cooperatives across the solid minerals value chain. Off-take agreements between DGPMP and local mining communities and owners of recyclable gold will be a useful provider of jobs in our post COVID-19 economy.” Osinbajo also commissioned the Dukia-Heritage Bank Gold and Precious Metals Buying Centers, which is part of valuable private sector collaboration. He opined that the buying center would provide a sustainable way for Nigerians to exchange their gold jewelry and other precious items for cash. The vice president added, “This system of exchange not only helps to encourage a culture of recycling, but will also serve as a complementary source for the raw materials needed for the Dukia Gold & Precious Metals Refining Company.” Osinbajo promised that the federal government would provide support and facilitate policies to ensure successful deployment, implementation, and sustainable operations of the Dukia gold project as well as continuous support of the mining sector. The Minister of Mines and Steel Development, Mr. Olamilekan Adegbite, in his own statement, said the launch of Dukia-Heritage is a testament of the unwavering effort of President Muhammadu Buhari’s administration to serve as a business-friendly regulator by providing the enabling environment for business to thrive. Adegbite stated that the Buying Centre Initiative (BCI) would bring about efficiency and transparency to physical trading and transactions of mineral commodities in the country and also ensure that artisanal miners would receive the right pricing for their goods relative to illegal off takers. The minister pointed out that his ministry has licensed two gold refineries and created a conducive fiscal and regulatory enabling environment for them to thrive of which Dukia is one of them. https://nairametrics.com/2020/06/11/fg-inaugurates-gold-refinery-project-boosts-smaller-scale-mining-operations/ 13 Likes 5 Shares |
Re: FG Inaugurates Gold Refinery, Boosts Small-scale Mining by TheRareGem1(f): 11:32am On Jul 01, 2020 |
prof2007: It is crystal clear the position of the VP Osinbajo regarding our development as a nation. He is always hell-bent on ensuring the economy bounce back both during and post covid amidst oil price crash. The ESC report is another point of reference, the master plan will ensure a sustainable economic blueprint to realise economic recovery growth and plan goal. 55 Likes 5 Shares |
Re: FG Inaugurates Gold Refinery, Boosts Small-scale Mining by Deputy1111(m): 11:34am On Jul 01, 2020 |
Re: FG Inaugurates Gold Refinery, Boosts Small-scale Mining by okefrancis: 11:46am On Jul 01, 2020 |
Wow! This will really boost our economy 16 Likes 3 Shares |
Re: FG Inaugurates Gold Refinery, Boosts Small-scale Mining by Shooyie: 12:54pm On Jul 01, 2020 |
This is a very good development that will help the Nigerian economy and the citizens. 19 Likes 2 Shares |
Re: FG Inaugurates Gold Refinery, Boosts Small-scale Mining by SpatialKing(m): 4:52pm On Jul 01, 2020 |
Noted |
Re: FG Inaugurates Gold Refinery, Boosts Small-scale Mining by Danjunior(m): 4:52pm On Jul 01, 2020 |
Good one from Sinzu himself... Na Hunger dey make man think 3 Likes 1 Share |
Re: FG Inaugurates Gold Refinery, Boosts Small-scale Mining by ProfAmaben(m): 4:52pm On Jul 01, 2020 |
Do you know the meaning of 200 million ounces of gold reserve? Mr Vice president? A ounce of gold according to (Forbes, 2019) is worth over $40,000. Our VP is telling us that we have over $1,788 * 200,000,000 buried underneath the Earth crust, with the last mineral geological survey being conducted in the 1950s during the colonial era. I don't do partisan politics but these guys are delusional and formulate all sorts of cheap lies to deceive Nigerians. 25 Likes 4 Shares
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Re: FG Inaugurates Gold Refinery, Boosts Small-scale Mining by Yankee101: 4:52pm On Jul 01, 2020 |
way to go 3 Likes |
Re: FG Inaugurates Gold Refinery, Boosts Small-scale Mining by Ernerstdavid55(m): 4:53pm On Jul 01, 2020 |
Audio 1 Like |
Re: FG Inaugurates Gold Refinery, Boosts Small-scale Mining by DrBasit(m): 4:53pm On Jul 01, 2020 |
This is the way to go..... 1 Like |
Re: FG Inaugurates Gold Refinery, Boosts Small-scale Mining by ForeThinker: 4:54pm On Jul 01, 2020 |
We knows how it all ends ...good initiative sha 1 Like |
Re: FG Inaugurates Gold Refinery, Boosts Small-scale Mining by landuo: 4:54pm On Jul 01, 2020 |
This one go good o... 1 Like |
Re: FG Inaugurates Gold Refinery, Boosts Small-scale Mining by Jitefarms: 4:54pm On Jul 01, 2020 |
Nor be lie.. they are doing well.... 5 Likes 2 Shares |
Re: FG Inaugurates Gold Refinery, Boosts Small-scale Mining by NwaNimo1(m): 4:55pm On Jul 01, 2020 |
Gold refinery.....when we can't even refine common crude oil? 11 Likes |
Re: FG Inaugurates Gold Refinery, Boosts Small-scale Mining by Kinzo0917(m): 4:55pm On Jul 01, 2020 |
I hope � dey do as dey say �.let it not be audio stuff |
Re: FG Inaugurates Gold Refinery, Boosts Small-scale Mining by pashiano: 4:56pm On Jul 01, 2020 |
sounds good, more initiative in this sector is required 2 Likes |
Re: FG Inaugurates Gold Refinery, Boosts Small-scale Mining by tamdun: 4:57pm On Jul 01, 2020 |
NwaNimo1:Very easy to refine 8 Likes |
Re: FG Inaugurates Gold Refinery, Boosts Small-scale Mining by Themmy90: 4:57pm On Jul 01, 2020 |
Let's go mine Gold |
Re: FG Inaugurates Gold Refinery, Boosts Small-scale Mining by jericco1(m): 4:58pm On Jul 01, 2020 |
That's good, the should do it on a large scale we have so many unearthed natural resources at our disposal 1 Like |
Re: FG Inaugurates Gold Refinery, Boosts Small-scale Mining by IMASTEX: 5:00pm On Jul 01, 2020 |
Okay |
Re: FG Inaugurates Gold Refinery, Boosts Small-scale Mining by Nobody: 5:00pm On Jul 01, 2020 |
Good development. Anything to move the country forward is welcome. 1 Like |
Re: FG Inaugurates Gold Refinery, Boosts Small-scale Mining by badman007(m): 5:01pm On Jul 01, 2020 |
Goodnews finally. 3 Likes |
Re: FG Inaugurates Gold Refinery, Boosts Small-scale Mining by chrisxxx(m): 5:02pm On Jul 01, 2020 |
ProfAmaben:Pls forgive him for he knows not what he said. 2 Likes |
Re: FG Inaugurates Gold Refinery, Boosts Small-scale Mining by Lilgabby(m): 5:03pm On Jul 01, 2020 |
Like we've been benefiting from nigeria resources .... Na only for news we dey see am. Nightmare Country. 2 Likes |
Re: FG Inaugurates Gold Refinery, Boosts Small-scale Mining by jamata20: 5:03pm On Jul 01, 2020 |
las las citizens no go benefit from am oh 9ja my country 1 Like 1 Share
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Re: FG Inaugurates Gold Refinery, Boosts Small-scale Mining by barrypro: 5:03pm On Jul 01, 2020 |
Good one 1 Like 1 Share |
Re: FG Inaugurates Gold Refinery, Boosts Small-scale Mining by Nobody: 5:03pm On Jul 01, 2020 |
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