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Malam Mohammad Amate, the Director-General, Nigerian Cadastre Office, Abuja, on Sunday, said four foreign companies would begin mining of gold and iron ore in the country this year.

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Malam Mohammad Amate, the Director-General, Nigerian Cadastre Office, Abuja, on Sunday, said four foreign companies would begin mining of gold and iron ore in the country this year.

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Iron ore has taken a beating this year, with prices correcting over 30 percent from their year-to-date high of $135 a tonne in January, but one analyst told CNBC this presents the perfect buying opportunity.

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