Ministry Commissions Knowledge Access Venue (KAV)

Being the text of remarks by   Mohammed Abbas Permanent Secretary   At the   FORMAL COMMISSIONING OF THE KNOWLEDGE ACCESS VENUE (KAV) Protocols Distinguished ladies and gentlemen, I am indeed delighted that you have responded to my invitation to participate in the formal Commissioning of the Knowledge Access Venue. The Nigerian mining sector is …

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Experts Raise Alarm over Illegal Mining in Kogi

Experts in the mining industry have raised alarm over the spate of illegal mining activities being carried out across the three senatorial districts of Kogi State. The experts who spoke yesterday in Lokoja during a stakeholders forum organised by the Ministry of Mines and Steel Industry said there was a need to chart a new …

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Mind your language, says Adshead

Geologist Neil Adshead used his time on the podium at AME’s Roundup event in Vancouver, Canada, to reflect on his 12 years as a mining analyst with the likes of Passport Capital and Sprott Asset Management, sharing his insights with a packed crowd eager to learn. By Paul Harris in Vancouver Adshead said he looked …

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Time is Ripe for African Gold Deals

NEWS last month that Endeavour Mining and Acacia Mining had held merger talks brings talk of African gold consolidation back to the fore. The two African gold producers, worth more than $US3.5 billion combined, said talks had taken place and a transaction was a possibility. It follows comments made by Australian-born Acacia CEO Brad Gordon …

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Growth Needs Disciplined Approach in 2017: Deloitte

MINING companies are focusing on improving shareholder value like never before, but a need to maintain financial discipline means the methods have changed, a new study by Deloitte has found. The 2017 edition of Deloitte’s annual Tracking the Trends mining report said most mining companies were in better cost positions than in the recent past, …

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SEC, Investors and Protection of Equities

The Securities and Exchange Commission (SEC) has taken a bold step towards protecting investors and making the capital market more attractive. Its institution of the N5 billion Investors Protection Fund (IPF), based on its Capital Market Master Plan, will boost investors’ confidence and grow market capitalisation. The coming of e-dividend, direct cash settlement and dematerialisation …

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Ministry Hammers 20 Mining Companies in 2016

The Ministry of Mines and Steel Development has sanctioned no fewer than 20 mining companies in 2016 over non-compliance with Nigeria’s laws and regulations. Salim Salaam, Director, Mines Environmental Compliance Department told the News Agency of Nigeria (NAN) in Abuja on Monday. Salaam said that the infractions ranged from failure to conduct Environmental Impact Assessment …

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These 10 Mines Have the World’s Most Valuable Ore

Have you ever wondered which mines are blasting, shovelling and hauling the most expensive ore? While the world’s highest-value minerals are well known – this list includes precious metals and gemstones – it is more practical for mining industry stakeholders to estimate the value of minerals by looking through the lens of a mining operation. …

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Fayemi at UNILAG, Counsels Nigerian Youths against Overrating Failure

The Minister of Mines and Steel Development, Dr Kayode Fayemi, has urged Nigerian youths not to overrate initial setbacks or failure encountered in the pursuit of greatness and excellence. Instead, he said such initial setbacks or failure should be confronted boldly and used as stepping stones to success. Dr Fayemi gave the counsel while delivering …

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Nigeria, South Africa Plan to Jointly Host Mining Investment Promotion Conference

South Africa DMR minister Mosebenzi Zwane and his Nigerian counterpart Dr Kayode Fayemi have endorsed a two-year action plan for co-operation in mining. The endorsement is for the implementation of a memorandum of understanding (MoU) on co-operation in the fields of geology, mining, mineral processing and metallurgy. At a meeting in Abuja, Nigeria in December, …

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