Bauchi Govt, Chinese Investors Launch Mining Firm

The Bauchi State government, in a joint venture partnership with Shandong Minsheng Group, a consortium of Chinese investors, has officially inaugurated the Bauchi-Minsheng corporation company (BMCC), a new mining firm established in Dass local government area of the state.

The launch of the company marked a major step towards boosting economic diversification efforts in the state, strengthening foreign investment inflow and harnessing the vast mineral deposits in the state.

Speaking during the inauguration ceremony yesterday, Governor Bala Mohammed, represented by his deputy, Auwal Jatau, said the collaboration with the Chinese investors would significantly support the state government’s drive to diversify Bauchi’s economy and create sustainable pathways for job creation and industrial growth.

According to him, the decision to situate the company in Dass was deliberate, as the area hosts substantial deposits of natural resources in commercial quantities, making it one of the emerging mineral corridors in the state.

The governor further disclosed that the state government had already issued two mineral exploration licenses to BMCC to enable the company commence operations in line with extant laws regulating the mineral sector in Nigeria. He described the partnership as a multibillion-naira investment that would contribute significantly to the state’s internally generated revenue and overall economic expansion.

Chairman of Shandong Minsheng Group, Yu Tao, expressed deep appreciation for the partnership, noting that the relationship between Bauchi State and the company had finally matured into a solid business venture that would be mutually beneficial. He stated that the inauguration of BMCC is also a testament to the growing economic and diplomatic relations between China and Nigeria.