The Edo State Authorities says it has secured 40 new licences for stable mineral deposits within the state by way of Associates Mining and Funding Firm, a special-purpose car promoted by the state authorities.
The Commissioner for Mining and Power, Enaholo Ojiefoh, who disclosed this on Monday in Benin, mentioned the state took the daring step to accumulate the licences to keep away from being shortchanged in its drive for industrialisation.
He famous that the state would hire the licences to personal traders to take advantage of the mineral deposits within the state.
He mentioned, “Upon getting the licenses, we went again to the drafting board. We engaged with the Group Improvement Associations within the areas the place these stable minerals are discovered. Between December and January this 12 months, we now have obtained not lower than 14 guests, who’re all serious about bringing their cash in.
“The governor has requested that this be reworked into cash. So, we’re industrialisation. A Commodities Buying and selling and Mineral Evaluation Centre is being accomplished in Dangbala in Akoko Edo. We have now needed to prepare our employees, working with a analysis group from the colleges.
“We have now professors in geology, geophysics, industrial chemistry and biochemistry working with us on the undertaking. We have now employees throughout the state engaged on figuring out extra minerals.”
Based on the commissioner, the state has deposits of kaolin in Ubiaja, Edo Central Senatorial District of the state, whereas gypsum is on the market in Warrake as nicely.
“The state is blessed, and we wish to drive funding with these deposits,” he added.
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