ALSCON: FG signs Renewed Share Purchase Agreement with UC Rusal

….agreement ends decade of legal tussle with BGI Group …..Russian firm now core investor of smelting company        The Federal Government has given official recognition to Messrs UC Rusal, a Russian Company, as the core investor of the Aluminium Smelter Company of Nigeria (ALSCON) Ikot Abasi, Akwa Ibom State, following the signing of the Renewed Share …

World Bank trains more MDAs staff on Mineral Resources Decision Support System

The Ministry of Mines and Steel Development in conjunction with the World Bank have commenced an advanced training for some selected staff of the Ministries, Departmental Agencies (MDAs) on Nigeria Mineral Resources Decision Support System (NMRDSS). The week-long  training which is taking place at the Digital Bridge Institute, Abuja is being coordinated by the Mineral …

‘Why Solid Minerals Fund was restructured’

The Federal Government has restructured its Solid Minerals Development Fund (SMDF) to accommodate more operators and deepen participation in the sector. An aide to the Minister of Solid Minerals, Mr Yinka Oyebode, said the government rigged access to the fund to enable more operators would benefit from it. He said the sector is developing, noting …

Fed Govt tackles reduction of mercury use

The Federal Government is set to develop a National Action Plan (NAP) to reduce mercury use, Ministry of Mines and Steel Development Permanent Secretary, Dr Abdukadir Muazu, has said. He made this known at a workshop on National Comprehensive Analysis of Artisanal and Small Scale Gold Mining Sector in Abuja. The event was aimed at …

FG is working to reduce mercury use in Nigeria – Perm Sec

The Federal Government says it is working assiduously to develop a National Action Plan (NAP) to reduce the use of Mercury in Nigeria. Dr Abdukadir Muazu, the Permanent Secretary, Ministry of Mines and Steel Development, said this in Abuja at a workshop for National Comprehensive Analysis of Artisanal and Small Scale Gold Mining Sector. The …

Eta Zuma Inaugurates Coal Production Plant

In the bid to curtail the use of firewood and deforestation in Nigeria, Eta Zuma West Africa Group on Thursday inaugurated the production and sale of coal briquettes as alternative fuel for home use. The Group Managing Director of the company, Mr. Innocent Ezuma, said at the inauguration of the plant in Ankpa, Kogi State that the …

Taming Rampaging Illegal Miners

The mining sector’s contribution to the economy is gradually inching up, remitting over N3.5 billion to the federation account in 2017. However, stakeholders are worried over activities of illegal miners, who may reverse the modest gain recorded by the sector. ABDULWAHAB ISA reports The mining sector recorded a modest gain ever in 2017, a feat, …

Mining Industry’s Contribution to Federation Account Rises to N3.5bn

The Ministry of Mines and Steel Development has said the sector contributed about N3.5 billion to the Federation Account in 2017. Minister of Mines and Steel Development, Dr Kayode Fayemi, who disclosed this at the 2017 end of the year ministerial briefing on Thursday in Abuja, said the ministry made steady progress in 2017, having …

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FG kick starts Gold purchase scheme…

…Kebbi , Osun States are pilot states- Minister The Federal Government has announced plans to commence a Gold Purchase Scheme early next year, aimed at increasing revenue accruable from the country’s abundant gold deposit. The scheme, according to the Minister of Mines and Steel Development, Dr Kayode Fayemi, would include equipping of the artisanal miners, …

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Be Patient With Government Mining Calender, FG Appeals To Nigerians

The federal government through the Minister of Mines and Steel Development, Dr Kayode Fayemi has appealed to Nigerians to be patient with government as ‘mining calendar’ do not align with the ‘electoral calendar’. He said this is because mining is not a 4year agenda, as exploration might sometime last for 10 years in some cases …

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