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Australian miners seek investment opportunities in Nigeria

By Oscarline Onwuemenyi

ABUJA – Major mining firms and investors from Australia have indicated interest to invest in Nigeria ’s Mining Sector.

The investment intention was disclosed by Mr. Geoff G. Jones, the Technical  Director of CGA Mining Limited, Perth, Western Australia, when he paid a working visit to the Minister of Mines and Steel Development, Mrs. Diezani Alison-Madueke in her office in Abuja.

Mr. Jones was accompanied by Directors of his Nigerian counterpart Mining Companies such as Tropical Mines and Segilola Gold Limited.

While welcoming Mr. Jones and his Nigerian counterparts, the Minister of Mines and Steel Development, Mrs. Diezani Alison – Madueke said that the intention of the Australian investors to invest in Nigeria ’s Mining Sector was a very interesting development.

Alison-Madueke assured that the Nigerian government would do the necessary things to facilitate the operations of investors in the Mines Sector for the benefit of the investors and Nigerians.

The Minister disclosed that the Ministry of Mines and Steel Development was aggressively putting together a framework for the development of the sector.

She disclosed that efforts are being made by the Federal Government to create a one stop shop for effective and efficient co-ordination of mining operations in the country.

The Minister also disclosed that an Inter-Ministerial Stakeholders Committee for the Sector would be inaugurated before the end of the year to address the needs of investors and the development of the sector.

The Minister disclosed that the Inter-Ministerial Stakeholders Committee will be comprised of representatives of Ministries of Mines and Steel Development, Finance , Nigeria Customs Service among others.

The Minister commended the Australian investors for being one of the first investors in the world to have developed a template for the exploration and exploitation of Gold and community agreement, adding that Nigeria was ready to learn from that experience.

Speaking earlier, the leader of the Australian investors’ delegation, Mr. Geoff G. Jones, said that the purpose of their visit is to indicate their intention to invest in Nigeria ’s Mining Sector and to showcase what they had done in the sector before and what they are doing now.

Mr. Jones said their request is that the Government of the Federal Republic of Nigeria should appoint a very senior government officer that would facilitate their Mining operations in technical, community development and workers community issues.


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