736 full time positions are expected to be created every year if the Namosi Joint Venture gets a mining license and starts mining operations.
This was revealed by the Project Manager of Namosi Joint Venture Greg Morris in a presentation to the Parliamentary Standing Committee on Natural Resources.
Morris says the figures are based on a study about the economic benefits of the project which was done by a specialist consultant.
He also highlighted in the presentation that they expect a peak of 2,000 employees in the fourth year of the operation.
Morris says they also expect to generate $343 million in Gross Domestic Product per annum on average when the operation starts.
The Namosi Joint Venture was established in 2008 for the exploration and development of mineral resources in the Namosi area.
They currently have an exploration license.
