MMSD Records a Boost in Mining Exploration

……signs MoU with East China metallurgical Institute of Geology and Exploration   The Ministry of Mines and Steel Development has recorded another milestone in its quest to provide requisite data for big time investors interested in mining in Nigeria. Speaking at the signing ceremony of the Memorandum of Understanding(MoU) between the East China Metallurgical Institute …

Valedictory Ministerial Accounts of Stewardship

Protocols   Distinguished ladies and gentlemen, it is with mixed feelings that I address you today on this occasion of the valedictory ministerial briefing marking the conclusion of my tour of duty as Minister of Mines and Steel Development. On one hand, I have a deep sense of pride about my contributions to the landmark …

Fayemi resigns amid eulogies, emotions

…. lauds Buhari’s visionary leadership, support for mining sector …..gives stewardship account Minister of Mines and Steel Development, Dr Kayode Fayemi, formally announced his resignation from the federal cabinet on Wednesday with profound appreciation of President Mohammadu Buhari’s visionary leadership and prioritization of the mining sector. Dr Fayemi’s resignation, which was approved by the President, is …

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No FG project will suffer setback due to geographical location- Minister

The Federal Government has restated its commitment to ensure that all projects embarked upon by the administration are completed and put to effective use, adding that no project would suffer setback or abandonment because of its geographical location or any other considerations. The Minister of Mines and Steel Development, Dr Kayode Fayemi, disclosed this in …

MMSD Strategises on achievement of SMDF Mandate

As part of the efforts to streamline the activities of the Solid Mineral Development Fund (SMDF) and support its operations in order to enable it deliver on its mandate, the Ministry of Mines and Steel Development has organised a two-day interactive meeting with the Board Members and Management of the SMDF to enable it present …

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A Steel Factory Gears Up to Start Production. After 40 Years

(Bloomberg) — On a hot April morning, workers are furiously cleaning a decorative fountain in front of the executive office of Nigeria’s largest steel complex. An onsite power plant is being repaired by electricians. Others around the 39-year-old facility are clearing brush. In the middle of it all, administrator Abdul-Akaba Sumaila is meeting in turn …

Mining and Quarrying sector record 14.85% Growth for Q1

First Quarter GDP report released by the National Bureau of Statistics, NBS, reveal that mining and quarrying sector grew by 14.85%  from 10.7%  in Q4 2017, and 22.64%  in Q3 2017. The first quarter GDP results just released by NBS is a clear indication of better days for the Nigerian mining industry which  is experiencing a …

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Mining in Nigeria EP 6: Potentials in the Gemstone Industry

This episode of Mining in Nigeria focuses on the Gemstones industry in Nigeria. Mining in Nigeria shows on Nigerian Television Authority (NTA) DSTV Ch 251, every Thursdays, 10-10:30am and Channels Television (DSTV Ch 254), every Wednesday by 7.30pm. If you missed the broadcast, click on the link below to view Click  here

Gold 2048: The next 30 years and the role of Africa

Emerging markets, such as Africa, have been behind the biggest economic shift in recent times. In terms of purchasing power parity, they lifted their share by nearly 23 percentage points to 58.7% between 1980 and 2017, according to the World Bank. India’s share was comparable to China’s 30 years ago, but it is a more humble 7.2% today. …

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ERGP Focus Labs Identify $22.5bn Investment Opportunities

The first phase of the Nigerian Economic Recovery and Growth Plan (ERGP) Focus Labs has identified 165 projects spread over the six geo-political zones of the country with a total potential investment worth $22.5 billion and 513,981 jobs by 2020. The federal government also disclosed that out of this amount, $10.9 billion worth of private …

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