Dangote Cement May Suspend Operations.

Dangote Cement, controlled by Africa’s richest man, Aliko Dangote, said it may shut its operations in Ethiopia if authorities in the central state of Oromia don’t reverse an order to cement makers to hand over control of some parts of their businesses to local young people. Oromia state’s East Shewa Zone administration wants the Nigerian …

EXCLUSIVE: Report on Nigerian National Mining Summit

Abuja Nigeria played host to the maiden edition of National Mining Summit themed “Unearthing Nigeria’s Mining Sector”. Speaking in Abuja at the opening ceremony of the maiden edition of the National Mining Summit, the acting-President of Nigeria Prof Yemi Osinbajo, stated the mining sector is to receive US$600 million of investment funds through amongst others, …

Maelgwyn Mineral Services Africa; the experts with the answers

Minerals processing technology provider Maelgwyn Mineral Services Africa is adept in assisting clients cost effectively increase their minerals processing recovery. This is thanks largely to Maelgwyn Mineral Services Africa proprietary equipment and processes, as well as key highly skilled personnel who all share extensive metallurgical research and development backgrounds. Established in 2006, Maelgwyn Mineral Services has spent the last …

Solid Minerals: How States And Individuals Can Make Billions

Dr Kayode Fayemi, Minister for Solid Minerals and Steel Development, has a big assignment. He is to revive the dead mining sector and make it an alternative revenue source for the Federal Government. Nigeria has never, in its history, been in need of diversification like this! This is because, given the activities of militants in …

Fayemi: Indigenisation Policy of 1970s Destroyed Nigeria’s Mining Industry

Why has Nigeria allowed its once vibrant  mining industry to collapse and what is the government doing to revive this potentially huge revenue earner. The Minister of Mines and Steel Development, Dr. Kayode Fayemi provided answers to these questions and more on ARISE News Night. The extended chat was monitored by Senator Iroegbu. Excerpts: Is …

What we want from FG by Lagos, Ogun Miners

Minister outlines initiatives to tackle challenges in mining sector Recently, hundreds of stakeholders in the mining sector gathered in Lagos and Abeokuta, the Ogun State capital. At the town hall meetings that took place over a two-day period, the stakeholders had some engaging sessions with officials of the Federal Government led by the Minister of …

Non-oil Sector as a Game Changer in Nigeria

Nigeria’s export trade in the 1960s was fuelled by the agro-industry and constituted mainly of cocoa, groundnuts, rubber, palm oil, palm kernel, beniseed and copra. Nigeria also exported tin ore and columbite. Then agricultural exports were practically the country’s main sources of foreign exchange with the nation being a major exporter of the aforementioned produce. …

Nigeria Remains ‘Critical’ Market in Africa despite Recession, say Investors

Investors have expressed confidence in the resurgence of Nigeria’s struggling economy, describing it as ‘very critical’ to building African companies that could join the league of top 500 in the next eight years. A panel of discussants, including chief executives of MTN, Honeywell, KPMG, CFAO and the Casablanca Finance City Authority, at the Africa CEO …

Africa Records Growth in Mining, Metals deals

…As global mining & metal deal volume down 9 percent in 2016 While global mining and metals deals volume fell by 9% year-on-year to US$44.3b in 2016, the lowest level since 2004, Africa has recorded growth of 62 per cent year-on-year, seeing deal volume increase three fold to US$5, 818m in 2016 according to Ernst …

Fayemi Reaffirms Commitment to Curbing illegal mining

The Minister of Mines and Steel Development, Kayode Fayemi, on Thursday in Abuja said addressing illegal mining would be one of the priorities of the ministry in 2017. Fayemi stated this while defending the ministry’s 2017 Budget of N23.2 billion before members of House of Representatives Committee on Solid Minerals. He said that the ministry …