Mining Council moves to stem revenue leakages

Insists on quality and quantity checks at ports Seeks inclusion of CBN, Customs, Immigration in formulation of Mineral Export Policies Says FG, States should collaborate with MIREMCO to determine royalties The recently concluded National Mining Council has set in motion recommendations which if adopted and effectively implemented, will stem the alarming tide of revenue losses …

Solving the Fickle Nickel Mystery

A year after revealing A Nigerian nickel discovery that looked too good to be true, former Western Mining Co chief Hugh Morgan believes his team has cracked the technical challenges presented by the mystery mineralization. Mr Morgans’s private company Comet Minerals has discovered what looks to be a vast and unique nickel deposit comprising an …

With N5bn Intervention Fund, FG Seeks to Boost Solid Minerals Sector

Olaseni Durojaiye examines the impact of a N5 billion funding support for artisanal and small scale miners in the continuing effort of the federal government to diversify the revenue base of the economy Efforts to grow and develop the country’s mining sector to make it contribute more effectively to government revenues got a boost with …

Sovereign risk linked to mining investment in Africa reduced: PwC partner

The political environment in Africa has stabilised meaning sovereign risk linked to mining investment in the continent has reduced. This view on Africa is that of PwC partner, Ben Gargett, one of Australia’s leading experts on African resources sector taxation laws. Speaking on the second day of the three day Paydirt 2017 Africa Down Under …

Miners risk death for Granite tiles

Six out of 10 labourers toiling in southern Indian quarries for granite for tiles, fireplaces and kitchen counters around the world are working in dangerous conditions to repay huge loans, charities mapping the hidden supply chain said on Wednesday. Governments are among the buyers of granite from India, one of the world’s largest exporters of …

A Roadmap for a Sustainable Mining Industry in Africa

In 2009, the African Union Commission created the Africa Mining Vision. ‘Africa’s own response to tackling the paradox of mineral wealth and poverty.’ Many governments in Africa have made major progress over recent years – we now see mining companies working hard to ‘put back’ into society through skills development and environmental protection policies. The …

Minamata Convention on Mercury Enters into Force

The world’s first treaty to protect the environment and human health in nearly a decade, the Minamata Convention on Mercury, enters into force, committing its 74 Parties, including the United States, to reducing the risks to human health and the environment from the harmful release of mercury and mercury compounds. Mercury is a naturally-occurring heavy …

The Grass not always Greener

TBY talks to Dr. Kayode Fayemi, Minister of Solid Minerals Development, on strategically aiming smarter government policy, taking advantage of greenfield opportunities, and the importance of women’s empowerment. What is your assessment of the solid minerals sector contribution to the country’s GDP and how do you expect it to evolve in the near future? The …

Gold could be used in Cancer treatment, researchers say

A team of scientists at the University of Edinburgh and the University of Zaragoza found that a tiny medical device containing gold specks could boost the effects of lung cancer medication and reduce its harm. The group, led by Dr. Asier Unciti-Broceta from the Cancer Research UK Edinburgh Centre, worked on encasing gold nanoparticles in …

Opinion: What I Saw in Ajaokuta Steel

I have heard and read a lot about the National Iron-Ore Mining Company (NIOMCO), Itakpe and Ajaokuta Steel Company Limited (ASCL) but I saw their true state for the first time in early May when I, in company of about 50 journalists, visited the gigantic complexes on a fact-finding mission. I was a rapporteur of …