Category: Solid Minerals
Nigeria imports $3.3bn steel product
Damilola Shittu – Abuja Minister of State, Mines and Steel, Abubakar Bwari, has said Nigeria still imports an estimated $3.3 billion worth of steel and associated derivatives annually. Bwari said at the 16th Edition of Mines and Money, in London, that Nigeria needed about 17 million tonnes of steel, but local production of the products…
Investments in coal risky, billions in assets could be stranded –Report
By Darrell Proctor A study from a London-based group focused on financial aspects of the energy industry said up to $60 billion of coal-fired power generation assets may be stranded in South East Asia in the next 10 years. The study released this week by Carbon Tracker said renewable energy resources and more-stringent environmental policies…
Anxiety as 3.0MIS tremor hits Abuja
John Paul – Abuja A fresh round of tremor measuring 3.0 Mercalli Intensity Scale, MIS, hit Maitama District in Abuja on Thursday, Nigerian Geological Survey Agency, (NGSA), has disclosed after receiving distress calls from residents in the area. Already, Federal Government has dispatched rescue and technical teams to the area to ascertain the level of…
‘Ajaokuta Steel project requires $652m to be operational’
Genera Manager, Engineering Services of Ajaokuta Steel Company, Babajide Suru, says another $652million would be required to complete the project. The Punch has reported. Suru also disclosed that about $6billion has already been sunk into the project, which puts it at 95 per cent completion. He disclosed this while briefing newsmen at the weekend, when…
Nigeria Mining Week begins today
By Oke Peter As the popular third edition of Nigeria Mining Week (NMW) begins today, Minister of Mines and Steel Development, Honourable Bawa Bwari, will be presenting a ministerial address on ‘New perspectives for 2018-2030: What has been achieved to date? How will future goals be achieved to ensure the sustainability of the Nigerian mining…
Agency faults minister’s claim about number of miners in Nigeria
A fact-finding agency has faulted the claims of the Minister of Mines and Steel, Abubakar Bwari, who said that millions of Nigerians survive on artisanal and small-scale mining. The Punch has reported. Africa Check, an independent fact-checking organisation, quoted Bwari as saying, “With the renewed interest in mining brought about by the current administration’s diversification…
Mining experts develop strategies to transform sector, drive domestic industrialisation
Stakeholders in the mining sector at the end of their three-day Council meeting in Kaduna, North Central, developed new strategies that would successfully transform the sector and help realise Nigeria’s ambition in driving domestic industrialization. This was one of the take-aways at the end of the 3-day meeting of the National Council on Mining and…
We need collective efforts to move Nigeria mining sector forward -Group Head, Solid Minerals and Metals, Bank of Industry, Ms Olayinka Mubarak
Ms Olayinka Mubarak is the Group Head, Solid Minerals and Metals, Bank of Industry (BoI). The bank will be returning as a Platinum Sponsor at the 2018 Nigeria Mining Week in Abuja. In this interview, she explains sundry issues around BoI’s support for the Nigeria mining sector. Excerpts Can you explain the history of the…
MMSD critical player in advancing alternative energy —Bawa Bwari
By Oke Peter The Minister of Mines and Steel Development, Honourable Abubakar Bawa Bwari said his Ministry has consistently been a critical player in advancing the alternative supply of energy for the country. He made this statement today during the Nigeria Mining and Geoscience Society (NMGS), and the Nigerian Geological Survey Agency (NGSA), 2018 NMGS-NGSA…
Abuja tremor: Suspend mining, quarrying activities in affected areas —Minister
By Energy Worth The Federal Capital Territory (FCT) Minister, Muhammad Bello, on Friday, announced that all quarrying/mining activities and borehole drilling be suspended forthwith in the areas affected by the recent earth tremor. Affected by the quarrying/mining and borehole drilling suspension are Mpape, Gwarimpa and Garki districts. The suspension will subsist pending the outcome of…