The Minister of Mines and Steel Development, Dr Kayode Fayemi, has urged Nigerians to join the government in championing the campaign for patronage of Made-in-Nigeria goods in order to improve productivity in the non-oil sector, diversify the economy and create employment. He said increased patronage of Made-in-Nigeria goods would also lessen the dependency on importation …
Text of Lecture Delivered by Dr. Kayode Fayemi
Protocols and Introduction Your Excellency, Prof. Yemi Osinbajo, SAN, GCON – the Acting President of the Federal Republic of Nigeria; Sen. Chris Ngige – the Hon. Minister of Labour and Employment; Distinguished Personalities to receive the NPOM awards today; Dr. Kashim Akor, the Director General of the National Productivity Centre; Government officials here …
FG to Audit Mining Sector, Curb Tax Evasion
… train illegal miners The Minister of mines and steel development, Kayode Fayemi, on Thursday unveiled plans to conduct audit of the nation’s solid minerals sector over the past five years. Fayemi, who appeared before the House Committee on Solid Minerals during the 2016 budget appraisal and 2017 budget defence. The minister said illegal mining …
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 …
NGSA Boss, Nwegbu Becomes OAGS President
The Director-general of the Nigerian Geological Survey Agency (NGSA), Alex Ndubuisi Nwegbu, has been elected and sworn in as President of the Organization of African Geological Surveys (OAGS). Nwegbu took over from Anna Nguno, from the Republic of Namibia and will head the association for three years, following his investiture in Cape Town, South Africa …
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 …
Mining Lessons to be Learnt from South Africa – Good and Bad
Signs of hope – visible in some commodity prices and increased exploration drilling – lent a more upbeat tone to the Investing in African Mining Indaba in Cape Town. But, South Africa has some sobering lessons for those African countries present which have yet to fully launch their mining sectors. SRK Consulting partner and principal …
Another Large Diamond Dug from Lulo
Lucapa Diamond Company Ltd. (ASX:LOM) said it has uncovered yet another epic rock from its Lulo mine, the second largest to be pulled from deep inside the earth at Lulo. According to Lucapa, the 227-carat stone was found in a new mining block, indicating that the entire 50-kilometre length of the Cacuilo River is diamondiferous. …
Fayemi Laments Under-declaration Of Revenue In Solid Mineral Sector
The Minister of Solid Minerals, Dr. Kayode Fayemi has on Monday disclosed that the federal government is been short-changed over the years by under declaration of revenue from the solid mineral sector. The minister stated this while answering questions from lawmakers on performance appraisal of the 2016 budget organised by the House of Representatives committee …
Mining Lessons to be Learnt from South Africa – Good and Bad
Signs of hope – visible in some commodity prices and increased exploration drilling – lent a more upbeat tone to the Investing in African Mining Indaba in Cape Town. But, South Africa has some sobering lessons for those African countries present which have yet to fully launch their mining sectors. SRK Consulting partner and principal …