Nigeria Sees First Iron Ore Output in 2012

Reuters Africa reports Nigeria expects the first significant iron ore production next year from its Itakpe iron ore deposits.

The market news is quoted as saying,

The West African country, which gets nearly 80 percent of its revenues from oil and gas production, will start receiving revenue from iron ore production next year, he said.

The Itakpe iron ore deposit contains 3 billion tonnes of iron ore reserves, according to the minister.

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