Monday, May 17African Business News
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Tag: Messrs La Mancha Incorporated

FG, Egyptian firm sign pact to invest in gold mining

FG, Egyptian firm sign pact to invest in gold mining

Business
The Federal Government and Messrs La Mancha Incorporated, a leading Luxembourg Incorporated Private Gold Development and Mining Company in Cairo, Egypt, have signed an Expression of Interest to invest in gold mining in Nigeria. Speaking at the signing ceremony supported by Egyptian African Arab Company for Development (EGAAD) in Cairo, the Minister of State, Mines and Steel Development, Dr Uchechukwu S. Ogah, said with the signing of the pact, the effort would attract big investors into the sector to started yield the desired result. Ogah also added that with the diversification of the economy through minerals, the firm, which has portfolio companies like Endeavour Mining, Golden Star Resources, and Altus Strategies among others, also has a market capital in excess of about $10 billi...