Solid Minerals Development: FG To Deepen Ties With African Industries, Morocco

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The federal government has expressed its readiness to deepen its collaboration with the African Natural Resources and Minerals Ltd and a Moroccan mining company in their quest to develop iron ore and phosphate respectively in the country.

The Minister of State for Mines and Steel Development, Abubakar Bawa Bwari stated this during separate courtesy visits paid him in his office in Abuja yesterday by a team of the financiers of the African Industries, Standard Bank and Stanbic IBTC, and a delegation from the Moroccan mining company paid.

While welcoming his first guests, the bank delegation led by the Global Sector Head: Mining and Metals Client Coverage, Mark Buncombe, the minister said their coming was highly welcome and apt because they are about to set a pace by funding the processing of iron ore and thus advancing steel production locally.

The minister who noted that before now investors like the African Industries were only using scraps for production of steel said, …



Source: Leadership Newspaper