Gold Mining: FG signs Expression of Interest with Luxembourg firm

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The Federal Government has announced the signing of an Expression of Interest (EOI) with La Mancha, a Luxembourg-incorporated private gold development & mining company to begin gold mining operations in Nigeria.

This was revealed in a statement by the Federal Government on its official twitter account (@NigeriaGov) recently. 

Minister of State for Mining Dr. Uchechukwu Sampson Ogah, signed the EOI on behalf of Nigeria with Chairman of La Mancha, Naguib Sawiris, in Cairo, Egypt.

The Chairman, La Mancha, Naguib Sawiris, stated that the signing of the document was its way of formally expressing the company’s interest to begin earnest operations in Nigeria.

“La Mancha was continually looking at new opportunities to expand its investment in Gold Mining across Africa and Nigeria possesses enough gold deposits to attract investment,” he stated.

Dr. Ogah said the partnership with La Mancha and other mining companies including Endeavour Mining, Golden Star Resources,  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.

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