Dangote’s Coal Mining Venture to Conserve Forex for FG

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The Dangote Group has revealed that its decision to venture into coal mining was simply a way of conserving the scarce foreign reserve associated with coal importation into the country.

Speaking at the 4th Nigeria Mining Week on Tuesday in Abuja, the Group Executive Director Portfolio Development and Capital Project, Dangote Group, Edwin Devakuma said his company was investing hugely in coal mining, while effectively helping the country to halt the staggering cost of coal importation.