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Nigeria woos Barrick Gold, Rio Tinto to spur nascent mining industry

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Barrick Gold Corp and Rio Tinto Group have expressed interest in Nigeria’s largely untapped mining sector, according to the West African nation’s mining minister. “They are looking at the possibility of coming to look at opportunities in Nigeria,” Olamilekan Adegbite said in an interview at a mining conference in Saudi Arabia’s capital, Riyadh. Africa’s biggest crude producer is hoping investors will follow the example of Thor Explorations, which has built the country’s first industrial gold project, as it seeks to cut its dependence on oil earnings.

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