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Illegal mining: Nigeria’s $1.8b gold reserves mined into private pockets
Nigeria’s 21.37 tonnes or 754,000 ounce of estimated gold reserves, currently worth $1.8 billion at $2,352.84 per ounce spot price at the international market may continue to end up in private pockets four years after the launch of the Presidential Artisanal Gold Mining Development Initiative (PAGMI), The Guardian understands.
Kingsley Jeremiah, Editor, Energy & Power
