BPE Financial Bids for Mining Corporation Subsidiaries

L-R: Mr. Yunana Malo, Director, Post-Privatisation Monitoring at the Bureau of Public Enterprises (BPE); Mrs. Imeh Okon, Senior Special Assistant (SSA) to the President on Infrastructure, who represented the Chairman of the Technical Committee of the National Council on Privatisation; and Mr. Alex A. Okoh, Director General, BPE at the financial bids opening for five subsidiaries of Nigerian Mining Corporation and technical consultancy for power sector monitoring.

SECOND ROUND FINANCIAL BIDS RESULTS FOR FIVE SUBSIDIARIES OF NIGERIAN MINING CORPORATION (NMC)

1. Kujama Quarry, Kaduna State
2. i) Yusuf Mariri Trading Company                  –               N20, 550,000.00
3. ii) Duwan Mineral Resources Ltd –                                N20, 000,000.00

2. Gano Quarry, Kano State
3. i) A.Y International Mining Company Ltd       –             N21, 700,000.00
4. ii) Nigerian Spanish Engineering                     –               N11, 000,000.00

3. NIMCO Terrazzo, Jos
4. i) Alheri (JJ) Nig                                                     –               N15, 297,000.00
5. ii) Nensat International Ltd                                                -N9, 100,000.00

4. Naraguta Bricks & Clay Company, Jos
5. i) University of Jos, Plateau State –                                    N30, 000,000.00

(Below reserve price)

5. Maiduguri Bricks & Clay Co Ltd
6. i) Gargam Inter Services Ltd                                              -N63, 000,000.00