Ministry Hammers 20 Mining Companies in 2016

The Ministry of Mines and Steel Development has sanctioned no fewer than 20 mining companies in 2016 over non-compliance with Nigeria’s laws and regulations. Salim Salaam, Director, Mines Environmental Compliance Department told the News Agency of Nigeria (NAN) in Abuja on Monday. Salaam said that the infractions ranged from failure to conduct Environmental Impact Assessment …

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These 10 Mines Have the World’s Most Valuable Ore

Have you ever wondered which mines are blasting, shovelling and hauling the most expensive ore? While the world’s highest-value minerals are well known – this list includes precious metals and gemstones – it is more practical for mining industry stakeholders to estimate the value of minerals by looking through the lens of a mining operation. …

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Building a Successor-generation: Reflections on Values and Knowledge in Nation Building

“In its classical usage, the term ‘elite’ refers to the enlightened segment of society. The ‘terms’ elite and enlightened share the same etymological origins. Thus, elitism is actually defined by the reference for knowledge, the acuity of intellect and the depth of reason. The elite are the enlightened class, that segment of society that devotes …

Imperative Of Stronger Regulatory Agency For Mining Industry

The mining sector has over the years been bedeviled by huge loss of resources as a result of uncontrolled leakages caused by illegal miners. In this piece, RUTH TENE NATSA writes that only a mega, independent regulatory agency would  change  the industry for the better. One fundamental move by the current government to curb financial …

Nigeria’s Plan to Link Mines to Steel Mill Seen as ‘Buhari Test’

ABUJA – Nigeria’s plan to build a railway to supply iron-ore to its idle Ajaokuta steel plant could be the biggest sign yet that President Muhammadu Buhari is implementing his policy to diversify away from oil. The project began in 1979 with what the World Bank in 2002 called obsolete Soviet technology, and has never …

Fayemi at UNILAG, Counsels Nigerian Youths against Overrating Failure

The Minister of Mines and Steel Development, Dr Kayode Fayemi, has urged Nigerian youths not to overrate initial setbacks or failure encountered in the pursuit of greatness and excellence. Instead, he said such initial setbacks or failure should be confronted boldly and used as stepping stones to success. Dr Fayemi gave the counsel while delivering …

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Repositioning Mining Sector For Economic Growth

Stakeholders in the mining sector have suggested that for a holistic restructure of the nation’s economy, Nigerian miners have to be taken seriously through rejuvenation of the mining industry which is expected to boost revenue to the government’s treasury, create employment and earn foreign exchange. RUTH TENE NATSA, in this piece highlights possible ways the …

Global Body Commends Nigeria for Improved Transparency in Extractive Industry

Nigeria has emerged as one of the 51 member countries of the Extractive Industries Transparency Initiative, EITI, to be validated for adopting the principles of accountability and transparency in the governance of its oil, gas and mining sectors. Nigeria’s validation was conveyed in a congratulatory letter by the Chair of the global group and former …

Fayemi to Deliver UNILAG Convocation Lecture

The Minister of Mines and Steel Development, Dr Kayode Fayemi, will on Monday, January 23rd, deliver the 2017 University of Lagos Convocation lecture. Titled: “Building a Succession- Generation: Reflections on Values and Knowledge in Nation Building”, the lecture is part of the convocation ceremonies for the 2015/2016 academic session. The lecture, which is scheduled to …