Nigeria to Play Leading Role in Global Mining Subsector- Adegbite

The Nigerian government has expressed its determination to play prominent role as a world mining player. The nation’s assertion was conveyed by the Hon. Minister of Mines and Steel Development, Arc Olamilekan Adegbite when he appeared before the House Committee on Mines and House Committee on Steel to brief them on the activities of the …

FG Set to Improve Artisanal Miners Operations- Adegbite

The Federal Government has reiterated its commitment towards improving the operations of artisanal miners by granting them access to funds to assist them in purchasing modern mining tools to ease their operations, increase revenue and take the mining sector to the next level. The Minister of Mines and Steel Development, Arc. Olamilekan Adegbite, stated this …

MMSD Set to Host 2019 Mining Week

Ministry of Mines and Steel Development (MMSD) has disclosed plan to host the 4th edition of 2019 Mining Week, which is being organised by the Miners Association of Nigeria (MAN) in partnership with Price Water Cooper (PwC) and IPAD from Oct. 14 – 16th, 2019 at the NAF Conference Centre and Suites in Abuja. Speaking …

9th Session of Nigeria-South Africa Bi-National Commission (BNC) Kicks-off in Pretoria

The 9th Session of the Nigeria-South Africa Bi-National Commission (NSABNC) scheduled to hold between 2nd October to 4th October, 2019 commenced today. The meeting took off with a Ministerial Session at the Conference Room of OR Tambo Building, Rietondale, Pretoria, in preparation for the Thursday, 3rd October Bi-National Commission Session that would have the Presidents …

MMSD, UNIDO to Partner on Solid Mineral Development

Minister of Ministry of Mines and Steel Development, Arc. Olamilekan Adegbite has expressed readiness to partner with United Nations Industrial Development Organisation (UNIDO), to ensure the repositioning of the mineral industry geared towards achieving the economic diversification policy of the present administration. The Minister spoke of the need for the collaboration when he received UNIDO …

Proper Integration of Host Communities Panacea to Hostility in Solid Minerals Exploration – Adegbite

Minister of Mines and Steel Development, Arc. Olamilekan Adegbite has identified consideration and proper integration of host communities in the overall exploration plan by licensed solid minerals companies as remedy to incessant bickering and fracas between host communities and mining companies. He made this assertion while receiving management team of African Natural Resources and Mines …

Minister of Mines Assures Local Barite Investors of Support

Minister of Mines and Steel Development, Arc. Olamilekan Adegbite has said that the Ministry is ready to partner with the Barite Miners Association and Processors in the mining of Barite to deepen productivity and promote meaningful and measurable development to the economy. The Minister disclosed this when the members of the Association led by its …

FG and Russia To Synergize in Revamping Ajaokuta Steel Company

As the Federal government strives to diversify the economy through Mining and Steel Sector, the revitalization of Ajaokuta Steel Company to produce optimally is of utmost concern to the present administration, the Minister of Mines and Steel Development, Arc. Olamilekan Adegbite stressed this when he received the Russian Ambassador to Nigeria, His Excellency, Alexey Shebarshir in his office. The minister pointed out that Federal Government did not deliberately abandon the company but owing to some legal encumbrances, the company has not been producing optimally. He said that the government has been expending huge amount of money to ensure that the assets at the company are not vandalized. Adegbite informed the Russian Ambassador that the Federal Government is working round the clock to ensure that some sections of the company will start production before the end of the year. He assured his guest of the government’s readiness to welcome any collaboration aimed at revitalising the steel industry to operate in full capacity. The minister said that plan are on ground to engage relevant companies on meaningful discussions  with a view to employ strategic approaches on the best ways to reinvigorate  Ajaokuta Steel into full production so as a achieve the vision of making it the hub of industrialization not only to Nigeria but Africa at large. The Russian Ambassador to Nigeria, Alexey Shebarshir, speaking earlier, said that his country is ready to partner with Nigeria in resuscitating Ajaokuta Steel Company especially in the areas of rebuilding infrastructure and overhauling of the plant. He emphasised on the need for the Federal Government to protect the private investors who are interested in turning around the company for maximum production. While commenting on the partnership, the Russian Deputy Head of Mission, Trade and Economic Affairs, Valery Shaposhnikov, said that they have carried out on the spot analysis of the challenges militating against smooth operation of the company. He called for more engagement between government and stakeholders in the industry so as the to be better informed and fashion out the best ways to tackle the issues hindering the operations of the company. Shaposhnikov reiterated his country’s readiness from the inception of the company to harness the potential of Steel in providing the necessary equipment for the industrialization of the country

Minister Advocates PPP For Growth in The Mining Sector

Minister of Mines and Steel Development (MMSD), Arc. Olamilekan Adegbite has advocated Public Private Partnership (PPP) for a sustained growth and development in the mining sector that would enhance economic growth. Speaking while receiving members of the Corporate Council on Africa (CCA) led by the West African Director, Ekenem Isichei, who paid him a courtesy …