Press Release June 29, 2017 Experts from the worlds of politics and industry discussed the role of construction and mining in the economic diversification of Nigeria at a trade fair and conference Global players made use of the first ConMin West Africa ConMin West Africa (the international trade fair for construction machinery and mining in West Africa) and the accompanying "National Mining Summit" took place for the first time in Nigeria's capital Abuja from June 13th to 15th. The German foreign trade fair organizer IMAG, together with its Nigerian Alice Röhler PR Manager +49 (0)89 55 29 12-202 [email protected] www.imag.de partner Afrocet Montgomery, had invited experts to the Abuja International Conference Centre. At the conference, about 250 participants from politics and industry discussed the promising future of mining in Nigeria and West Africa in various sessions. International exhibitors presented their innovations at the trade fair. Since the price of oil plummeted sharply in 2015, Nigeria has committed itself to increasingly diversify its economy. Mining already plays a key role in this regard. It is expected to contribute three percent to Nigeria’s gross domestic product by 2025. To make more use of non-liquid mineral resources, the Nigerian government is seeking private investors and is making strategic considerations. The National Mining Summit is intended to serve as an annual exchange of experience, and its premiere was attended by a high-caliber team. "We want to provide our exhibitors with an early entry into promising markets. The concept of the trade fair in combination with a well-visited conference is an optimal environment for making the most important contacts for the future," says Peter Bergleiter, Managing Director of IMAG GmbH. Prof. Yemi Osinbajo (acting president of Nigeria) and the sponsor Dr. Kayode Fayemi (Nigerian Minister of Mines and Steel Development) opened the conference on June 13th. During the next two days, the participants from all over Africa exchanged opportunities and best practices regarding the extraction of natural resources. Participants in the session "Mining for Sustainable Growth and Development in West Africa" included the ministers responsible for mining from Burkina Faso, Ghana, Guinea, Ivory Coast, Kenya, Mali, Nige and South Africa. Large international companies as well as some hidden champions came to the ConMin West Africa trade fair to present their technical solutions and products. Germany and China were represented with national pavilions. In total, there were exhibitors from ten countries. These included Bosch, Case, Dangote, Elkon and Page 1 of 4 Press Release thyssenkrupp Industrial Solutions. Overall, more than 1,500 visitors came to the fair and conference. Hendrik Paessler, Senior Manager at thyssenkrupp Industrial Solutions describes the fair by saying, “Nigeria is a very interesting market for thyssenkrupp Industrial Solutions because of its sheer size and diversity. Our first appearance at ConMin West Africa has confirmed this, with interesting customers and plenty of projects.” Bernie Nerlich, President of the U.S. American company 4N Corporation, manufacturer of grouser bars, says: “ConMin West Africa proved to be both – very informative and successful. We were able to gain valuable market insight from the high-quality attendees and we will have new customers from our contacts made at the trade fair.” Nigeria has the largest economy in Africa, even compared to that of South Africa. Despite the dependency on the currently low oil price, its economy has positive prospects in the medium term. Economic growth of six percent is expected for 2017. The interest in Nigeria as a growth market, which is becoming increasingly important for the global economy, is high in Germany, as well. The Verband Deutscher Maschinen- und Anlagenbau (VDMA) has supported the concept of trade fair and conference since its planning phase. th th In 2018, ConMin West Africa will take place from May 15 to 17 . For more information about ConMin West Africa and the National Mining Summit, please visit www.conminwestafrica.com. To download high-resolution images, please go to http://www.imag.de/en/press/. IMAG GmbH IMAG, a subsidiary of the Messe München Group, organizes trade fairs around the world and supports participants in international events outside Germany on behalf of public and private clients. Since its foundation in 1946 in Munich, IMAG has been involved in over 5,000 international exhibitions abroad. IMAG’s annual portfolio encompasses approximately 30 trade fairs, spanning around 20 countries. The events focus in particular on the automotive, commercial vehicles and auto parts sector; construction machinery, building material and mining; machine tools and further industries; environmental technology and analysis. Afrocet Montgomery Ltd. With a combined 145 years of experience, Afrocet Montgomery is a joint venture business which specializes in running high-end exhibitions and events in West Africa. Our extensive knowledge and experience of the African market has enabled us to develop a strong portfolio of shows which cover a wide range of sectors including the building and mining industries. As well as organizing South Africa’s biggest building Page 2 of 4 Press Release show, Interbuild, we also run Electra Mining Africa which is one of the world’s largest mining and power exhibitions based in Johannesburg. Images/Captions: Opening of ConMin West Africa and the National Mining Summit on June 13, 2017 in the Nigerian capital city of Abuja; from left to right: Abubakar Bawa Bwari, Nigerian Minister of State for Mines and Steel Development; Prof. Yemi Osinbajo, acting president of Nigeria; event patron Dr. Kayode Fayemi, Nigerian Minister for Mines and Steel Development Opening speech by event patron Dr. Kayode Fayemi, Nigerian Minister for Mines and Steel Development Panel discussion on the second day of the National Mining Summit with Abubakar Bawa Bwari, Nigerian Minister of State for Mines and Steel Development (centre) Attendees at the National Mining Summit participated in a total of eleven conference sessions featuring a high-quality array of guests. Tour around the trade fair with Prof. Yemi Osinbajo, acting president of Nigeria Shaking hands at the stand of the Nigerian Ministry for Mines and Steel Development at ConMin West Africa 2017 Page 3 of 4 Press Release Visitors to ConMin West Africa 2017 could test the stability of the systems for themselves at the stand belonging to the Mexican scaffolding company Iberosistem. The Australian company Flexmat showcased its concrete block mattresses at ConMin West Africa 2017. Page 4 of 4
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