Post-BUA Acquisition: PW Ready To Boost Nigeria’s Mining Sector – Management

Post-BUA Acquisition: PW Ready To Boost Nigeria’s Mining Sector – Management

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Post Views: 172 Ahead of the upcoming Nigeria Mining Week slated for Abuja, the management of PW Nigeria Limited – mining, engineering, procurement, c...

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Ahead of the upcoming Nigeria Mining Week slated for Abuja, the management of PW Nigeria Limited – mining, engineering, procurement, construction, and infrastructure firm, says it is ready to capture the untapped potentials in Nigeria’s mining sector, boosted by the recent acquisition of majority stake by BUA Group.

This confidence, it said, derives from the fact that over the years, PW Nigeria has provided full-spectrum services to investors and successfully secured and executed private and public projects for both local and foreign clients across Nigeria and the sub-region.

A statement by the company quoted Chris McQuillan, its Mining Director, as saying that the majority stake in PWN acquired by BUA, was a strategic move to promote mining opportunities in the Nigerian Economy through turn-key mining solutions, executed to world class standards.

According to him, “it is difficult not to get excited by the opportunities that exist in Nigeria’s mining sector which remain largely untapped. We recently spent some time in the British geological survey, going through mining records for the region that date back to the early 1900s. A lot of enthusiasm existed during this period, we want to reignite this enthusiasm and bring the sector back to life.

“We are currently the mining contractor of choice with Imperial JV and Lafarge Holcim in Nigeria as well as other major players in the mining sector. “PWN has secured an initial investment from a consortium of Irish-Canadian mining investors on three gold targets in Niger state. The investment will be used for further exploration of these targets in the form of geo-chemistry, aero magnetics, reverse circulation drilling, diamond drilling and fire assays.

“PWN currently holds the Lafarge Ashaka overburden project which sees the extraction of 3.2m BCM of overburden annually. PWN also holds the Lafarge Ewekoro quarry project, which oversees removal of 500,000 BCM of overburden to expose limestone, the drill and blast, load and haul and ROM refeed of 3.5 m tonnes of limestone annually”.

“BUA group is one of the largest companies in Nigeria with one of its subsidiaries BUA Cement being one of the largest companies on the Nigerian Stock Exchange and is a perfect fit for PWN with its strong capital base, quarrying possibilities and its commitment to improving infrastructure in Nigeria. With their help and support, PWN will be able to advance its mining portfolio”. McQuillan added.

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