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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Mineral Resource Development: We Shall Take Care of All Interests

The Minister of Mines and Steel Development, Dr, Kayode Fayemi, has reiterated that protection of the interests of both the Federal Government, State governments and the local communities remained the best approach to the development of best way to go about the development of the God-given mineral resources in the country. Dr. Fayemi stated this …

FG Secures $150m World Bank Support for Mining Development- Fayemi

……as ministry commissions 38 surveillance vehicles for Mines Officers The Federal Government, through the Ministry of Mines and Steel Development,  has secured $150million (N45.7 billion) support from the World Bank for the Mineral Sector Support for Economic Diversification (MSSED or MinDiver) programme. The Minister of Mines and Steel Development, Dr Kayode Fayemi, who disclosed this …

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Mining business in Nigeria is highly rewarding- Aliyu

Managing Director of Mshelia Gems and Jewelries Limited,  Alh. Mshelia Aliyu, in this interview, says the President Mohammadu Buhari administration has all it takes to achieve the diversification goal through the mining sector. Excerpts: Q: Sir, What kind of Minerals do you specialize in? We specialize in several kinds of minerals, but of major interest …

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Mining: FG, South African Govt endorse two-year work plan

The Minister of Mines and Steel Development, Dr Kayode Fayemi and his South African counterpart, Mr Mosebenzi Zwane (MP), on Tuesday endorsed a two-year work  plan for the implementation of a Memorandum of Understanding (MoU)  earlier reached between the two countries in the areas of mining, mineral processing and metallurgy. The two-year work plan, which …

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Corruption must go for development to thrive, says Fayemi

The Minister of Mines and Steel Development, Dr Kayode Fayemi, has said that corruption must be reduced to the barest minimum in order for the country to make significant progress in its developmental plans. Fayemi, who is also Chairman of the governing board of the Nigerian Extractives Industries Transparency Initiatives (NEITI) stated this at a …

N30bn Intervention Fund will Boost Mining – Minister

The Minister of Mines and Solid Minerals Development, Dr. Kayode Fayemi, said on Tuesday in Abuja that the recent  Federal Government’s approval for the  release of N30 billion intervention fund for solid minerals development  is a major boost  for  the sector Fayemi disclosed this at the fifth Extractive Industries (SITEI) Conference held by CSR-in-Action. The …

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