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 …

FG Moves to Stop Diversion of Explosives

The ministry of mines and steel development has commenced a review of the 1964 explosive act in the bid to curb illegal usage of explosives in the country. Speaking with NAN, Olayinka Oyebode, special assistant on media to Kayode Fayemi, minister of mines and steel development, said the ministry is working with the office of …

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Nigeria Solid Mineral Management Regime Insufficient-Report.

As Nigeria seeks to develop its solid minerals sector as a means to diversifying it’s economy, a Gap Analysis Report has described the Nigeria mineral management regime as sound but insufficient. This was the outcome of the draft Report,presented at a one day validation workshop organised by the Ministry of Mines and Steel Development in …

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FG Inaugurates Donor Agencies in Mining Sector

Determined to maximise supports of international bodies and foreign governments in ensuring sustainable growth in the mining and mineral sector, the Federal Government at the weekend inaugurated the Development Partner and Donor Agencies Coordination Group on Mining. The forum would serve as a platform where development partners and donor agencies meet to review, coordinate and …

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FG, UNDP Collaborate on Validation of African Mining Vision

The Ministry of Mines and Steel Development, in collaboration with the United Nations Development Fund (UNDP) is set to achieve the Sustainable Development Goals (SDG) captured in the African Mining Vision (AVM). The collaborative effort is geared towards transforming the African Continent from being a destination of the world’s raw material and consumers of imported …

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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, …

Nigeria/South Africa Restate Commitment to Cooperation In Mining

The Minister of Mines and Steel Development, Dr. Kayode Fayemi and his South African counterpart, Mr. Mosebenzi Joseph Zwane have restated their commitment to the improvement in cooperation of the two countries in mining and minerals development. The two Ministers gave the assurance at a meeting held in Abuja while receiving the progress report of …

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Mining, a Priority Sector to FG – Osinbajo

….applauds growth in sector, as mining summit kicks off in Abuja Acting President, Prof Yemi Osinbajo has restated the commitment of the Federal Government to diversify and grow the economy through the mining sector, saying that growth currently being recorded in the sector is an indication that government is on the right path. Speaking, while …

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NSIA, Others to Invest $600m in Mining Sector, Says FG

Acting President Yemi Osinbajo on Tuesday disclosed that the federal government was currently working with the Nigerian Sovereign Investment Authority (NSIA), the Nigerian Stock Exchange (NSE) and others to gather $600 million investment fund for the mining sector. Osinbajo added that the federal government has also secured funding from both domestic and international sources for …

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South African Equity Investor Set to Increase Power Generation in Nigeria

The federal government is set to partner with South African equity investor, Simang Group and the Enugu state government to revive the coal industry for the benefit of the South East geopolitical zone. This partnership is expected to boost the economic climate of Enugu state and by extension the south east. “We have always been …

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