Nigerian Company Partners Foreign Firm To Deepen Precious Metals Value Chain

Dukia Gold & Precious Metals Refining Co. Ltd Nigeria and Philoro Global Trading AG Switzerland, have signed a Working Together Agreement on the sidelines of the Investing in African Mining Indaba taking place in Capetown, to collaborate in the development of the Precious Metals small scale and artisanal gold mining value chain.

The agreement which was endorsed by the Ministry of Mines and Steel Development will deepen participation in the extractive industry as well as consolidate strategies in the development of programmes needed to exploit the expected benefits in the sector.

Speaking at the event, Chief Operating Officer( COO) and Executive Director Dukia Gold, Paul Beesley said the objective of the ” Working Together Agreement “, is to bring about the establishment of a Precious Metals Trading program centred in Nigeria to service and support the Nigerian market and potentially use it as a basis to offer similar products to other African Markets.

Besides, he said the partnership would assist in developing finance and technical support solutions to unlock Dukia Gold’s responsible sourcing of Dore’s strategies, including evaluation and development of new projects and supporting Small scale and Artisanal mining programmes.

The partnership, he said, will strengthen and expand the Dukia Gold Precious Metals Refinery in support of the goal of being able to aggregate gold doré from third-party sources in Nigeria and across West Africa. He said the ultimate target is to produce world-class Good Delivery Bars and Coins.

According to him, our commitment to work together with Dukia Gold will further promote and develop other important and relevant opportunities in the Precious Metals value chain in Nigeria and West Africa, through skills and knowledge transfer, capacity and capability building and the institution of beneficial engagements with host communities.

“These are challenging objectives, but we are confident that with the right relationships and working within the right enabling environment we can achieve these and more.

“Together with Philoro Global Trading AG, Switzerland, we are embarking on a long-term relationship and will use our combined successes to build and showcase what is possible”.

Also speaking at the event, Mr Rudolf Brenner the President of Philoro said the company was delighted to expand its presence and global vision in Africa through its partnership with the Nigerian company Dukia Gold.

” We at Philoro are thus delighted to expand our presence and actualisation of our global vision and objectives in Africa and particularly Nigeria through this Working Together Agreement with Dukia Gold and other identified stakeholders in the “Mines to Market ” initiative. The support which Dukia Gold has received, and the commitment of the Minister and the top echelon of the Ministry of Mines and Steel Development to the development of the mining sector in Nigeria are even more reassuring to our further engagements in the African continent”, he said.