Minister Speaks On Value Chain of Establishing Mining Clusters | Abuja Business Reports Newspaper & Magazine Minister Speaks On Value Chain of Establishing Mining Clusters | Abuja Business Reports Newspaper & Magazine
The Minister of Mines and Steel Development, Arc Olamilekan Adegbite

Minister Speaks On Value Chain of Establishing Mining Clusters

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The Minister of Mines and Steel Development, Arc Olamilekan Adegbite has spoken on the value chain of establishing Mining Clusters in the six (6) geopolitical zones of Nigeria.

According to him, it will boost the productivity of Artisanal and Small Scale Miners (ASM), generate wealth, and create employment opportunities for Nigerians.

The Clusters, Adegbite said, are Federal Government intervention projects to cushion the adverse effects of COVID-19 and jumpstart the country’s economy.

He made this known on Thursday in Ugaga, Yala Local Government Area of Cross River State during the inspection of the ongoing work at Barite Cluster Processing Plant.

Adegbite explained that the establishment of Barite Cluster in Ugaga was necessitated by the abundance of Barite in the area.

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“The Barite Processing Plant is sited in Ugaga because of abundance of Barite in this location and the need to reduce logistics for the processing, as localisation of industries at the sources of raw materials minimises logistics overload”, he added.

He said when completed, Barite would be processed in Ugaga and shipped to Port Harcourt selling point where buyers and exporters could buy them.

The Minister, however assured that the plant when completed, would not be run by government but by experienced and knowledgeable experts who have wherewithal to run it on behalf of the Federal Government.

He added that the plant would also provide services to Barite miners.

“Miners of Barite can bring it here to sell to processors or mill their Barite to America Petroleum Institute (API) standard at reasonable cost,”.

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Adegbite who carried out the inspection alongside the Permanent Secretary in the Ministry, Dr Oluwatoyin Akinlade and the Director, ASM, Mr Patrick Ojeka, said the factory when operationalised, would increase the sector’s contribution to the Nation’s GDP.

Earlier in her remarks, the Permanent Secretary, Dr Akinlade called on Barite miners to take full advantage of the opportunities provided by this huge investment, to enhance and improve productivity of Barite in the country.

This, according to her, would save Nigeria foreign exchange currently being spent on Barite importation.

ABUJA BUSINESS REPORTS




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