Nigeria’s first gold refinery on stream

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Gold diggers

Nigeria’s first gold refinery being built by Kian Smith Trade & Co Limited is billed to be completed by the end of June next year.

There was already a significant monthly supply of gold from Zamfara, Kebbi, Kwara, Niger, Kaduna, Ibadan, Ile-Ife, and Ilesha and about 100kg per month from other parts of Africa,” said the Vice Chairman, Kian Smith, Nere Teriba.

The firm was finalising supply agreements and terms from suppliers in Kano, and supply from Kogi State.

According to the Punch, the refinery would start with a production capacity of three tonnes per month of 99.99 per cent gold and one ton per month production of 99.99 per cent silver.

The Minister of State for Mines and Steel Development, Abubakar Bwari, was at the ground-breaking ceremony.

He said: “The present administration is determined to develop the mining sector to act as a catalyst for sustainable economic growth of the country.

“Part of our marching orders in the mines and steal development…



Source: News Agency of Nigeria