Dangote to start coal mining in November

user_icon Dangote to start coal mining in November Posted by: NOTICE.COM.NG Staff
calendar-icon Dangote to start coal mining in November Posted on: 2020-03-31 18:20:41
Dangote to start coal mining in November ALIKO-DANGOTE

Dangote Cement Plc, a subsidiary of the Dangote Group, has announced its plan to start mining coal at Ankpa, Kogi State, in November.

Chief Executive Officer of Dangote Cement, Onne, van der Weijde, said that this was due to disruption to gas supply.

He said: “These are challenging times for Nigeria and Dangote Cement but we are taking strong actions that will position the company for continuing success.

“Our coal mining initiative will benefit both the company and the Nigerian economy by reducing the need for foreign exchange and helping us to both protect existing jobs and create new ones.

“Although we have indicated a more measured approach to our expansion across Africa, we have new operations opening soon in Congo and Sierra Leone and these will strengthen the company’s profitability and generate additional foreign currency earnings.

“Despite the challenges we are facing, we continue to focus on becoming a global force in cement production.”

The company said that many of its production lines were now capable of running entirely on coal to eliminate the company’s dependence on gas supplies, imported coal and LPFO.

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