NPA Flags Off Solid Minerals Export from Ikorodu Lighter Terminal

The Managing Director of the Nigerian Ports Authority (NPA) Hadiza Bala-Usman has flagged off the first export consignment of manganese, a solid mineral resource from the Ikorodu lighter terminal. Speaking at the event, Bala-Usman said the NPA under her management is keen in driving intermodal transport as part of efforts to further decongest the traffic …

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Solid minerals net N14.6bn into federation account

The solid minerals sector remitted N14.6 billion revenue into the federation account in the last eight years, revenue chart of Revenue Mobilization Allocation and Fiscal Commission (RMAFC) exclusively sourced over the weekend revealed. There is a pending N32 billion (tax and royalties) due for payment by licensed mining operators in 2018, a top officer of …

States lack powers to close licensed mining operations

The Federal Ministry of Mines and Steel Development, says state governments lack constitutional powers to close down any mining company operating with valid mineral title. Mr Francis Wuyep, Director, Mines Inspectorate, Federal Ministry of Mines and Steel Development, stated this on Saturday in a telephone interview. He cited relevant sections of the constitution and the …

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Nigeria gold project wins 2018 ‘Investment Battlefield’ in Cape Town

A Nigerian gold exploration project located in the south-western State of Osun was on Wednesday, February 7 announced as winner of the 2018 “Investment Battlefield” competition at the Investing in African Mining Indaba in Cape Town, South Africa. Carina Hunter, who is the director of marketing and public relations for Investing in African Mining Indaba, …

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Nigerian firm emerges top at African Mining Indaba

….Wins 2018 Investment Battlefield …country named among top ten mining designations for 2019 A Nigerian firm, Thor Exploration Limited (also known as Segilola), a gold mining company operating in Osun State, Nigeria has emerged winner of the 2018 Investment Battlefield for their gold exploration project in the South west state. The company was selected as …

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FG to establish commission to regulate mining activities

…..Releases results of  new Electromagnetic survey Determined to ensure predictability in its mining sector and boost local and international investments, the Federal Government has concluded arrangements to establish the Nigerian Mining Commission, to take charge of the regulatory role of the Ministry of Mines and Steel Development. The Minister of Mines and Steel Development, Dr …

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Nigeria Commodity Exchange Products To Boost Solid Minerals Export

Mrs Zaheera Baba-Ari, Managing Director, Nigeria Commodity Exchange (NCX), has said that the exchange is set to introduce new products aimed at boosting the nation’s non-oil and gas sector’s export earnings. Mr Chris Echikwu, the agency’s Head, Corporate Communications, reported Baba-Ari as announcing this in a statement on Monday in Abuja. She said the agency …

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Fashola: Power Sector Prepared to Support Growth in Mining, Others

The Minister of Power, Works and Housing, Mr. Babatunde Fashola, has said the ongoing expansion in the power sector was done to support expected growth in the country’s mining sector and other heavy industrial concerns. Fashola said these expansion efforts were in support of the government’s planned diversification of the country’s economy to embrace mining, …

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Fayemi leads FG delegation to African Mining Indaba in SA

….Presentation of country’s new airborne electromagnetic survey top on agenda The Minister of Mines and Steel Development, Dr. Kayode Fayemi, is leading the Nigerian delegation to the  Investing in African Mining Indaba, which kicks off  in Cape Town, South Africa, tomorrow, Monday February 5th, 2018. The Nigerian delegation comprises critical stakeholders, including officials of the …

FG prosecutes 18 Chinese, 36 Nigerians for illegal mining

Eighteen Chinese are currently facing prosecution while 36 Nigerians have also been arrested for engaging in illegal mining, Minister of Mines and Steel Development, Kayode Fayemi, said on Wednesday. Fayemi said one Dan China from Bauchi State, the architect of the illegal mining in Plateau State has been arrested, as he clarified that the illegal …