Category: Solid Minerals
Mining to contribute 3.0% to Nigeria’s GDP by 2025 —Adegbite
By Oke Peter The Nigerian Minister for Mines and Steel Development, Olamilekan Adegbite on Thursday said he had set a target for the mining sector to contribute 3.0% of the nation’s GDP by 2025 as part of the efforts to contribute to the current administration’s diversification project. He disclosed this at the Mining Indaba conference…
AFC will pioneer early-stage funding of Nigeria’s mining projects —Osam Iyahen
Osam Iyahen is a Director at Africa Finance Corporation (AFC), a leading investment grade infrastructure solutions provider, created by sovereign African states to provide pragmatic solutions to Africa’s Infrastructure deficit and challenging operating environment, by developing and financing infrastructure, natural resources, and industrial assets, for enhanced productivity and economic growth of African States. He is…
Africa Finance Corporation ‘ll support Nigeria’s mining industry —Begna Gebreyes
The Senior Vice President, Investments, at the Africa Finance Corporation (AFC), Mr Begna Gebreyes, has said that the corporation will continue to support the Nigeria’s mining industry. Mr Begna Gebreyes will be part of a panel discussion at forthcoming Nigeria Mining Week, which will hold in Abuja from 14-16 October. Gebreyes and other industry experts…
Ajaokuta to begin partial production before end of 2019 —Minister
Jumoke Adelabu – Abuja The Federal Government is making frantic efforts to ensure that some sections of the Ajaokuta Steel Company (ASC) resumes production before the end of 2019. The minister of Mines and Steel Development, Arc. Olamilekan Adegbite disclosed this when he received the Russian Ambassador to Nigeria, His Excellency Alexey Shebarshir who was…
FG makes N10.97bn in mining fees, royalties in four years
Jumoke Adelabu – Abuja Even though the Federal Government had anchored a significant part of its diversification programme on the mining sector, it made only N10.97bn from fees and royalties paid by mining operators in four years, an investigation has shown. In a document on the performance of the sector, the Minister of State for…
2019 elections: Will African countries get investors’ vote?
By Laurie Hammond and Thibaut Hollanders The world, including investors, will keep a close eye on the various national elections to be held in Africa this year. The lead up and aftermath of national polls usually comes with uncertainty, something which investors tend to avoid if possible. National elections have recently been completed in the…
Five killed in South African coal mine gas explosion
Five people have been killed by a gas explosion in an unused coal mine in South Africa’s eastern province of Mpumalanga and several others remain trapped, police said on Thursday. State broadcaster SABC said about 20 people were still stuck underground at the mine in Middleburg. According to Reuters, rescue efforts were hampered by dangerously…
Ministry revokes 4,176 mining titles in 8 years
Damilola Shittu – Abuja The Ministry of Mines and Steel Development said it revoked 4,176 mining titles between 2011 and 2018. The Ministry disclosed this in a report made available to newsmen in Abuja. It said that 908 mining titles were revoked in 2011, none was revoked in 2012, 548 were revoked in 2013 and…
11 investors bid for Ajaokuta steel
Eleven companies have indicated interest to operate the troubled Ajaokuta Steel Company but the federal government was not yet ready to hand over the facilities. The News Agency of Nigeria (NAN) has reported. Alhaji Abubakar Bwari, the Minister of State, Mines and Steel Development, announced while giving a three-year account of his stewardship (2016-2018) in…
Nigeria’s first gold refinery on stream
Nigeria’s first gold refinery being built by Kian Smith Trade & Co Limited is billed to be completed by the end of June next year.There was already a significant monthly supply of gold from Zamfara, Kebbi, Kwara, Niger, Kaduna, Ibadan, Ile-Ife, and Ilesha and about 100kg per month from other parts of Africa,” said the…