Nigeria’s mining sector to receive $30 million investment

, Magazine

Nigeria’s mining sector is about to receive a major boost as Chinese firm, Hudson Mining Limited – a subsidiary of Globelink China Investment Group – is planning to invest $30 million in solid mineral processing in the country.

The Chief Executive Officer (CEO) of Hudson Mining Limited, Solomon Cai disclosed the investments plan while meeting with workers of the Nigerian Investment Promotion Commission (NIPC). He said his company intends to invest in tin and columbine.

According to Hudson’s CEO, the company will make an initial investment of $3 million and subsequently increase it to $30 million. This, Cai said will happen in the first phase of the project. f000000