Nigeria First (Abuja)
17 April 2007
Abuja — The Bureau of Public Enterprises April 16 announced that it had pre-qualified 36 pros-pective investors for the acquisition of nine coal blocks of the Nigerian Coal Corporation (NCC.)
Mr. Chigbo Anichebe, Head, Public Communications, further stated that 21 investors interested in buying 13 mining titles belonging to the Nigerian Mining Corporation (NMC) were also pre-qualified.
He explained in a breakdown of the coal blocks, that 17 of the firms were from Nigeria; six from South Africa; six from India; one from United Arab Emirate; one from Poland; one from the United Kingdom; one from Italy; one from Russia; one from Canada; and one joint bid from a Nigeria/Chinese firm.
The statement added that the breakdown for the mining titles showed that Nigeria had 13; India 2; South Africa 2; Canada 1; Nigeria/South Africa 1; Poland 1; and Nigeria/ China 1 and further explained that the investors have been pre-qualified to undertake due diligence exercise before they will be required to submit their technical and financial proposals to the Bureau.
Anichebe recalled that the BPE had placed advertisements between October 2006 and February 2007 in local and foreign media asking for applications from interested investors for the acquisition of NCC coal blocks and NMC mining titles and that by the deadline of February 15, 2007, 30 Expressions of Interest (EOIs) were harvested in respect of coal blocks, and 29 for mining titles.
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