Market News

By Umar Muhammed

A Chinese firm, Jiuling Lithium Mining Company, says it has concluded plans to invest over 200million dollars in the establishment of a lithium processing factory in Endo community in Nasarawa Local Government Area of Nasarawa State.

The representative of the Managing Director of the company, Xiong Jin, disclosed this to Governor Abdullahi Sule during a visit to the factory’s site in the LGA on Wednesday.

Jin promised the governor the company’s commitment to build one of the largest lithium mining companies in Nasarawa State.

While giving specific technical details about the size of the factory, Xiong Jin mentioned that the company would pay graduates employed to work at the mining site a minimum of N500,000.

The Managing Director, however, called for the state government’s support in the areas of security and infrastructure, while urging the citizens of Nasarawa State to take advantage of the company’s presence to acquire relevant technical skills to be able to benefit from the company.

Earlier, Governor Abdullahi Sule, while applauding the company for considering to invest in Nasarawa State, called on the youths to make themselves useful by studying technical courses that would afford them the opportunity to be marketable, and contribute to the development of the state and society at large.

Daily Trust reports that the inspection visit was prompted by the governor’s recent trip to China where he visited the headquarters of Jiuling in Yichun, China, and also met with the chairman of the company who promised to establish a similar industry in Nasarawa State.

He promised that, in collaboration with the Minister of Solid Minerals Development, as well as the Minister of Defence, appropriate steps were being taken to ensure that Jiuling Lithium Mining Company operates smoothly in the state.