Tuesday, 20th March 2007 (3225 views)

Nigeria's under-explored gold fields are apparently about to bounce into life because two prolific gold mining firms have indicated an interest in investing in the country, according to one expert.

Professor Lesley Oboirah, the minister for mines and steel development, said that two companies called Moydow and Diamond Fields and Mano River Resources would be visiting Nigeria in the next two weeks.

She issued a statement saying: "Mano River Resources Incorporated, Moydow and Diamond Fields have indicated interest to invest in gold mining, which is about to resume after over 60 years of dormancy and decline."

She explained that the businesses were coming "to firm up arrangements for business opportunities which was initiated at the Canada meeting" which was the 75th International Mining Convention Trade Show.

Gold can be found in the north-west and south-west of the country and production of the precious metal began in 1913 and peaked in the early 1940s. However petroleum has since dominated the economy with little attention being paid to gold production.

 

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