See pictures of the gold refinery in Osun state
The first commercial gold refinery in Nigeria nears completion in osun state.
The refinery, segilola gold mine is located in the communities of Ido- ijesha and iperindo.
The facility would help in making the mining sector the mainstay of Nigeria's economy.
The project which is the first of it's kind in Nigeria would deliver the country's only Large scale commercial gold mine.
The project would provide over 1,000 direct and indirect jobs for Nigerians, provide an additional stream of non oil revenue.
The EPC contract for the project was awarded to Norninco international LTD with an investment sum of $78 million.
The company would process 650,000 tonnes of ore, with a target production of Approximately 800,000 ounces per year.
It also reduce the importation of gold bars in Nigeria.
Segilola gold project is located approximately 120km from the capital city of Lagos.
Workers will be accommodated at a 100 person to the west processing plant, this project would place Nigeria as a major gold producing country, hasten diversification of the economy and reduce unemployment Among the youth populace.
It also expected to open up an industry centered around gold production, equipment repairs, leasing, logistics and transport.
Content created and supplied by: iGBOboy (via Opera News )