The Dangote Cement Plc, a subsidiary of the Dangote Group, discloses its plan to start mining coal at Ankpa, Kogi State, in November.
The company said that due to acute gas shortage in the country, following disruptions of supply by militants in the Niger Delta region, it had switched its plant lines to coal to minimise cost.

The Chief Executive Officer of the Dangote Cement, Onne, van der Weijde, said that disruption to the gas supply had deteriorated, adding: “These are challenging times for Nigeria and Dangote Cement but we are taking strong actions that will position the company for continuing success. Our coal mining initiative will benefit both the company and the Nigerian economy by reducing the need for foreign exchange and helping us to both protect existing jobs and create new ones.
“Although we have indicated a more measured approach to our expansion across Africa, we have new operations opening soon in Congo and Sierra Leone and these will strengthen the company’s profitability and generate additional foreign currency earnings. Despite the challenges we are facing, we continue to focus on becoming a global force in cement production.”
The company said devaluation of the naira had increased costs in its largest market-cement, forcing the company to jerk the ex-factory price of the product by N600 per bag.
The company said that many of its production lines were now capable of running entirely on coal, hoping that this development would eliminate the company’s dependence on gas supplies, imported coal and, more significantly, LPFO.

source: http://www.dailytrust.com.ng/news/business/dangote-to-begin-coal-mining-in-november/161953.html#google_vignette

This man go buy naija one day

I'll like to see this guy as the richest man in the world one day. A true Nigerian.

When the rest of the world is going away from fossil fuel.... nigs are embracing it.

I love this man's resourcefulness.

The man is into everything

He's thinking... Carry on

nigeria=dangoteria

Can someone else see the direction this game is moving to?

A time will come that Nigeria's economy will be driven majorly by an individual.

Wait till when Dangote gets his refinery project completed

We are waiting for his rice and refined fuel. Now we have to wait for his coal too

.

Our coal mining initiative will benefit both the company and the Nigerian economy by reducing the need for foreign exchange and helping us to both protect existing jobs and create new ones

If we have like ten people like Dangote in this country we won't be in the mess we are in now




Boko boys see what your brother is doing while you guys wasting resources in buying western gun and killing innocent people

Good development

Dangote is d most practically intelligent human being in Nigeria.

Many Nigeriand can speak grammar and recite theories. But dangote is reality and pragmatic smart.

Na only Dangote waka come? Haba! Everything is Dangote, I'm sure even Nigerian Govt asks Dangote before making decisions for the populace.

Dis recession dey affect our govt but no dey affect dangote. I don't understand dis tin again

Good morning Nairalanders!!!
Good morning Nigerians!!!

Thumbs up to Dangote, the wise man.

Let them just rename Nigeria "Dangote"


Hausa no smart, Hausa no smart yet na only dangote dey succeed for this harsh economy.

Na govt patronage joor!

dis man sure knw how to make money..........not all rich pple think outside the box.

Weldone broda

Work is ongoing at the coal mining site. Its at the boundary between Kogi n Benue. Did pass dia some days back. This Dangote go soon buy Nigeria

abdulhadi101:
This go buy naija one day

He should even take the country free of charge.

He's better than all our politicians combined.

Imagine an individual taking huge risk with his money what the government can not use the tax payers money to do.

Everything and everywhere that money is to be made you find Dangote. The only thing left is for him to go into shiit mining

Bubewilson:
When the rest of the world is going away from fossil fuel.... nigs are embracing it.

What is important and necessary to one person/country is not necessarily same for the other.

Those abandoning fossil fuel now had maximized the benefits from it in the past.

IMHO, no developing/underdeveloped country should pledge to such talk on global warming yet. Not until they also have maximized their benefits from those energy sources.

While some prefer "their" billions to be invested in foreign counties!

EagleScribes:
Can someone else see the direction this game is moving to?

A time will come that Nigeria's economy will be driven majorly by an individual.

Wait till when Dangote gets his refinery project completed

[size=14pt] Ask your parents; there was UAC. [/size]

Nice one Dangote. when the desirable is not available, the available becomes desirable.

abdulhadi101:
This go buy naija one day

At least he still dey do something unlike others wey dey do nothing.

thesicilian:
I'll like to see this guy as the richest man in the world one day. A true Nigerian.

Unfortunately he will never smell it. The world's richest men are men who invented several technologies and touched lives of millions around the globe through their intellectual project. Dangote has several cement plants, refineries, sugar, e.t.c but he's still not close to mark Zuckerberg who is number 6 in the world. Mark is 3 times richer than the bloody capitalist dangote who was helped to his present state by several government patronage and waivers. I am not impressed with his networth

Dangote no want reinin wayo from NIGER DELTAN SCAVENGERS. Carry on oga alinko.....D PERSON ABOVE ME THough; wats ur business if dangote becomes d richest man on earth?

Where are other business men?

nice development. bt hope dis country will not be sold by Dangote 1 day.