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The Federal Government has approved N650 million for the re-opening of the Ajaokuta Steel Company Limited (ASCL) and the National Iron Ore Mining Company (NIOMCO), Itakpe. Government, however, said it had so far spent a total of $6 billion on the Ajaokuta plant since its inception in 1979.It said the ...
Read Story at ThisDay (2010-03-09)
Managing Director of Global Infrastructure Nigeria Limited (GINL), Mr. L.K. Sehgal has alleged that some interest groups are out to strangulate or retard the revival of the steel sector in the country.Sehgal, whose firm is the concessionaire of Ajaokuta Steel Company and Nigerian Iron Ore Mining Company, Itakpe and a ...
Read Story at ThisDay (2006-03-12)
Following conflicting claims surrounding the purchase of Ajaokuta Steel Complex and the iron ore concentrates in Itakpe, the House of Representatives yesterday asked the Ministry of Power and Steel to institute a thorough investigation to establish whether Global Infrastructure had paid for the mega steel company or not.The directive followed ...
Read Story at ThisDay (2007-03-23)
President Olusegun Obasanjo yesterday declared that the Ajaokuta Steel Project would soon be completed. Speaking at an audience with the outgoing Russian Ambas-sador to Nigeria, Mr Gennady Ilyitchev at the State House, the President said the Ajaokuta Steel Project represented a "monument in the relationship between Nigeria and Russia." While ...
Read Story at ThisDay (2003-12-12)
The Minister of Mines and Steel Development, Mrs. Diezani Alison-Madueke, has changed her earlier threat to sack an indeterminate number of workers of Ajaokuta Steel Company Limited and the National Iron Ore Mining Company, Itakpe both in Kogi State.Alison-Madueke had told the shocked employees who visited her last month: “I ...
Read Story at ThisDay (2009-05-04)
The House of Representatives Joint Committee on Privatisation and Steel was told yesterday by the Presidential Monitoring Committee on the concession of Ajaokuta Steel Company that the collapse of the company and the National Iron Ore Mining Company (NIOMCO) in Itakpe, Kogi State, should be blamed on the failure of ...
Read Story at ThisDay (2008-06-18)
The Federal Government has signed a $3.6 billion agreement with Solgas Energy Nigeria Limited for the rehabilitation of the Ajaokuta Steel Plant. Under the agreement, which was signed yesterday, Solgas is to rehabilitate, complete, commission and operate the Ajaokuta Steel Plant, build and operate on electricity generating plant, and build ...
Read Story at ThisDay (2003-07-01)
The Bureau of Public Enterprises (BPE) will today hand over the Central Railway to the concessionaires, Global Infrastructure Nigeria Limited (GINL), under a twenty-year concession agreement.Director General, BPE, Mrs. Irene Chigbue, will perform the ceremony at the Nigerian Iron Ore Mining Company, Itakpe, Kogi State, where the Central Railway begins ...
Read Story at ThisDay (2007-01-11)
Toyota, fighting to preserve its reputation for quality, said it would restart production of eight models on Feb. 8 after a planned one-week shutdown at six plants in the United States and Canada. The top automaker said on Tuesday that Executive Vice President Shinichi Sasaki, in charge of ...
Read Story at Times Live (2010-02-02)
Lagos State government is partnering with Marcopolo of Brazil and Daewoo of South Korea to develop two assembly plants in Epe and Badagry.LAGBUS Managing Director, Mr Babatunde Disu, said this yesterday in Lagos, during an interactive session with the News Agency of Nigeria (NAN).He said the plants would service buses ...
Read Story at ThisDay (2009-04-26)
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