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Nigeria Seeks Roadmap For Pilot Plant To Process  First Barrel of Bitumen
March 24, 2008
  The Minister of Mines and Steel Development has told foreign investors that Nigeria is eagerly interested in having any one ready to provide a road map that will lead to the setting up of a pilot plant to process the first barrel of bitumen in Nigeria.

The Minister of Mines and Steel Development, Chief Sarafa Tunji Isola,said at a meeting with representatives of Paradigm Capital Incorporation of Canada, that Nigeria is interested in having a formal presentation at the 2008 Prospectors Association of Canada PDAC, International Convention and Trade Show which held in Toronto.

Isola, who led a team from Nigeria to participate  in the  event to showcase Nigeria's potentials for mineral development, gave the assurance that Nigeria was prepared to throw open, bitumen development to both the small and big players who have technical ability and financial capability.

He seized the opportunity of the meeting held at the Nigerian room to educate them on the Minerals and Mining Act, with emphasis on minimum work obligation as well as benefits offered by the federal government as a way of attracting investments to the sector.

The Managing Director of Paradigm Capital Incorporation, Phillip Moore, led his team to the meeting in company of Mr. John Gammon who was Ground Handler to the Nigerian delegation.

Paradigm Capital Incorporation is noted for providing linkages between investors and those seeking investment in the area of financial services and budget management.

Like other years, this year's Prospectors Association of Canada convention and trade show was characterised by extreme weather condition with temperature as low as minus 38 degrees. But then, this year's outing attracted well over 23000 delegates from across the world.

This brings one to wonder why delegates were desperate to participate under such harsh climatic condition. The only answer is "the venue provides opportunity for networking and information gathering.

 
 
 March 24, 2008

 

 
 
 

 

   
   
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