Over 20 old mines have been abandoned since the 1940s, which leaves gold mining an artisanal activity. Nigeria Gold Coal
Activities of illegal miners as well as ineffective implementation of policies in the solid minerals sector may be costing the country huge revenue and slow-paced development.
They noted that there is still a long way to go due to the cost of mining, artisanal mining that foster black market gold, inefficient government regulations and policies. In Nigeria, gold production started in 1913, was at its peak in 1933/1934 and declined during 2nd World War period, from which it never recovered.
Lauding efforts of Kian Smith, he noted such collaborations would promote and partner the likes of Khan Smith Initiative to unlock and develop potentials in the gold value chain. On the need for the conference, Vice Chairman, Kian Smith Gold Refinery, Nere Teriba, said the inaugural meeting would reposition stakeholders in the region at this critical time.
Meanwhile, Vice Chancellor, Ahmadu Bello University, Prof. Ibrahim Garba said West Africa is an emerging gold exploration investment hotspot due to its huge source of gold, iron ore, bauxite, diamonds, phosphate and uranium.
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