• Adamawa acquires 12 mining licenses, signs $5bn exploration pact with Swiss firm

    Adamawa acquires 12 mining licenses, signs $5bn exploration pact with Swiss firm

    According to reports, the Adamawa Mining Company Limited says it has acquired 12 licenses for solid minerals explorations in the state.

    Shanti Shashi, the state Commissioner of Solid Minerals Resources, disclosed this in an interview with the News Agency of Nigeria in Yola on Tuesday.

    Ms. Shashi said the state government had also signed a $5 billion agreement with a Swiss company, BTP Swiss Sovereign Asset, for the exploration of solid minerals in the state.

    He said the agreement was signed in June […]