Adopting and domesticating the African Mining Vision (AMV) will contribute to laying the institutional groundwork and cementing strong accountability mechanisms that are vital for Nigeria’s plans to expand mineral investment and production. In a presentation was made during the 6th Sustainability in the Extractive Industries (SITEI) conference, hosted by CSR-in-Action in Abuja, Nigeria, John Sloan …
The announcement by the Acting President, Prof. Yemi Osinbajo, at the recently held Nigeria Mining Summit in Abuja, that the federal Government is working towards new mining sector fund of $600 million to be raised via Nigeria Sovereign Investment Authority (NSIA), Nigeria Stock Exchange (NSE) and other investors, may have opened a new vista of …
I have heard and read a lot about the National Iron-Ore Mining Company (NIOMCO), Itakpe and Ajaokuta Steel Company Limited (ASCL) but I saw their true state for the first time in early May when I, in company of about 50 journalists, visited the gigantic complexes on a fact-finding mission. I was a rapporteur of …
Climate change which often manifests in the form of extreme temperatures, increased or decreased precipitation, increased frequency and magnitude of storms and rising sea levels, poses a number of risks to the mining sector and could impact mining operations negatively. One impact of climate change may in turn trigger other impacts of climate change on …
Ghanaian government has urged its Nigerian counterpart to consider establishing a national mining company to compete actively with those in the private sector for rapid development of the sector. The Ghanaian Minister of Land & Natural Resources, John-Peter Amewu, made these comments during a stakeholder’s conference in Abuja. Amewu said Nigeria should begin to look …
The Federal Ministry of Mines and Steel Development says it would invest N2.5 billion in development finance institutions (DFIs) as a pilot project to support small-scale miners to transit into more established miners. The Minister, Dr. Kayode Fayemi, who disclosed this at the sixth Sustainability in the Extractive Industries, SITEI, conference in Abuja, Thursday, said the …
Henceforth, the federal government will not issue out fresh permits to solid minerals mining firms in Nigeria to mine for more minerals if they do not have the consents of their host communities, the Minister of Mines and Steel Development, Dr. Kayode Fayemi, has disclosed. Fayemi also stated that the government has reviewed the country’s …
More than 20% of the Democratic Republic of Congo’s mining revenue is being lost due to corruption and mismanagement, a campaign group says. According to a Global Witness report, the money is being distributed through corrupt networks linked to President Joseph Kabila. At least $750m (£580m) has gone missing over the past three years, it …
Privately owned steel companies are pumping billions of naira into building new plants, as the need for housing, road and bridge construction expand in the country. This is despite the fact the Federal Government has not been able to revive the Ajaokuta Steel Company years after it was built in 1979. “We have invested $500 …
The Federal Government has announced its support for the establishment of a 327,000-tonne iron and steel plant as part of its plan to diversify the economy away from oil. The Minister of Industry, Trade and Investment, Okechukwu Enelamah, gave the indication on Friday during a facility tour of Standard Metallurgical Company Limited in Sagamu, Ogun …