DangoteThe management of Dangote Cement Plc yesterday said that illegal mining at sites in Edo State was undermining the operational capacity of its proposed $600 million cement plant.
The company said BUA Group’s activities in the area could also unsettle investors and undermine its sustainability plan.
Addressing journalists in Lagos at the weekend, Group Executive Director (Strategy, Capital Projects and Portfolio Development) of Dangote Group, Mr. Devakumar Edwin, said the mining lease of the contentious site belonged to Dangote Cement Plc and would not expire until 2033.
The company stated that continuous illegal activities within its ML 2541 is fast depleting limestone reserves, sabotaging the Group’s investment and scuttling plans for its three million metric tonnes cement plant.
BUA Group had accused Dangote of trying to force it to relinquish mining rights in a limestone field as part of bid to monopolise the cement market.
Illegal mining threatens Dangote’s proposed $600m plant
