The Niger government has established a taskforce dedicated to addressing illegal mining in the state. The initiative was launched by Acting Governor Yakubu Garba in Minna on Monday, during which he announced a conditional lifting of the previously imposed ban on illegal mining activities. The taskforce’s responsibilities include: – Monitoring and reporting illegal mining sites – Identifying and addressing child labour on mining sites – Ensuring compliance with the executive order against illegal mining – Profiling mining companies within the state – Reporting security issues in mining host communities – Detecting non-compliance of companies regarding revenue and royalties owed to the state – Investigating types of mineral titles held by companies and their conformity with existing mining laws. Governor Garba highlighted that out of 578 registered mining companies and 302 mining cooperatives, only 261 had been profiled by the Ministry of Mineral Resources. He suggested that thorough profiling could attract local and foreign investments, supported by detailed mineral resource data. He also referenced ongoing security challenges, linking them to mineral deposits in affected communities. Alhaji Abubakar Usman, appointed as the chairman of the taskforce, expressed gratitude for the opportunity and committed to fulfilling their duties efficiently. Other key members of the taskforce include the Commissioner for Mineral Resources, the Permanent Secretary of the ministry, the Commissioner for Homeland Security, the Commissioner of Police, the Director of DSS, representatives from local councils, emirates, and the state assembly.

The issue of illegal mining has been significant in Niger state, prompting government action to address the impacts on local communities and the economy. The establishment of the taskforce signifies a strategic approach to monitor and regulate mining activities, ensuring compliance with national laws and enhancing the state’s revenue from mining. Furthermore, the initiative aims to improve community security and economic stability by engaging stakeholders in the mining sector.

The creation of a taskforce by the Niger government to combat illegal mining reflects a proactive step towards better regulation of the mining industry. With specific responsibilities assigned to track mining activities and improve compliance, the initiative aims to bolster the state’s revenue while addressing security challenges linked to mining operations.

Original Source: www.pulse.ng

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Nigeria plans to only issue new mining licences to companies that demonstrate local mineral processing plans, marking a pivotal change from its long-standing practice of exporting unprocessed resources. This move aims to enhance local value extraction and economic benefits. To stimulate investment, the government will introduce incentives like tax exemptions for mining equipment imports, simplified electricity generation licensing, full repatriation of profits, and improved security measures. Segun Tomori, spokesperson for the minister of solid minerals development, noted the necessity of reviewing company plans for local plant establishment to ensure economic value addition. Minister Dele Alake underscored that value addition is crucial for job creation and community support, aiming for a continent-wide approach to enhance local benefits from mining. Nigeria’s mining sector currently contributes less than 1% to GDP, with exports mostly comprising tin ore. Recent government actions include creating a state-owned minerals corporation and regulating artisanal miners.

The article addresses Nigeria’s evolving mining policies aimed at transforming the sector by prioritising local mineral processing over raw material exports. As Africa’s leading energy producer, Nigeria has faced challenges in capitalising on its abundant mineral resources, leading to minimal economic impact from the mining industry. The government’s recent initiatives signal a sustained effort to attract investment while ensuring it benefits local communities.

Nigeria’s new regulatory framework for mining seeks to promote local processing of minerals, incentivise investment through tax breaks and profit repatriation, and create jobs. This strategy is part of a broader goal to enhance the mining sector’s contribution to the national economy and benefit local communities.

Original Source: www.mining.com

The post Nigeria Shifts Mining Policies to Prioritise Local Processing first appeared on Nigerian Mining News.

This policy brief outlines necessary reforms aimed at transforming Nigeria’s Artisanal and Small-Scale Mining (ASM) sector into a vital economic contributor, improving resource utilisation and promoting sustainable development. Despite the continent’s rich mineral wealth, many nations, including Nigeria, struggle to optimally harness these resources. The country is not only well-known for its oil reserves but also possesses a variety of mineral deposits across over 500 sites in all 36 states and the Federal Capital Territory (FCT). Unfortunately, the mining industry has not reached its full potential. The Nigerian Mining Corporation, once a key player in solid minerals production and export, has seen a dramatic fall in activity since the 1970s due to the indigenisation policy.

The ASM sector is a crucial part of Nigeria’s economy, with significant untapped potential to enhance resource mobilisation and contribute to national growth. Historically, the sector has faced challenges, including lack of investment, inadequate technology, and limited regulatory support. To improve its efficacy, comprehensive reforms are essential, focusing on fostering inclusivity and sustainable practices, particularly given Nigeria’s vast mineral resources that remain largely idle in the wake of oil dominance in the economy.

In conclusion, revitalising Nigeria’s ASM sector is imperative for tapping into the country’s mineral wealth and ensuring equitable economic development. By implementing sound policies and reforms, stakeholders can enhance industry productivity, generate employment, and contribute to sustainable national growth.

Original Source: www.undp.org

The post Revitalising Nigeria’s Artisanal and Small-Scale Mining Sector for Economic Growth first appeared on Nigerian Mining News.

Nigeria has annulled 924 inactive mining titles to enhance its mining sector and attract new investors. This includes 528 exploration licences, 20 mining leases, 101 quarry licences, and 273 small-scale mining licences. Mines Minister Dele Alake stated that the licences will be available on a ‘first come, first served’ basis. This move follows the revocation of over 1,600 mining titles in November due to non-payment of fees, part of major reforms aimed at tackling “licence racketeering.” Alake noted this practice misleads potential investors and discourages legitimate investments. To revitalise the mining industry, Nigeria is offering incentives such as tax waivers and allows only companies that process minerals locally to obtain licences. Historically, the country has struggled to capitalise on its mineral wealth due to neglect and insufficient investment.

Nigeria, known for its rich mineral resources, including lithium, gold, and limestone, aims to develop its mining sector, which has been underexploited. Recent reforms focusing on revoking dormant mining titles and incentivising local processing are intended to enhance investment attractiveness and improve the administrative licensing process.

Revoking dormant mining titles is a strategic move by Nigeria to clean up its licensing system and attract new investments into its mining sector. By targeting licence racketeering, the government aims to create a fair investment landscape that encourages genuine mining ventures and promotes local mineral processing.

Original Source: www.theeastafrican.co.ke

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The Nigerian Federal Government has signed a Memorandum of Understanding (MoU) with a consortium of Russian firms to rehabilitate and operate the Ajaokuta Steel Company Limited and the National Iron Ore Mining Company (NIOMCO). This agreement was finalised during a working visit to Moscow by the Minister of Steel Development, Prince Shuaibu Abubakar Audu, establishing a significant step towards revitalising Nigeria’s steel sector, especially in Kogi State. The consortium consists of Tyazhpromexport (TPE), Novostal M, and Proforce Manufacturing Limited, who will oversee the project aimed at reducing Nigeria’s dependence on imported steel, which costs approximately $4 billion annually. The rehabilitation is expected to create over 500,000 jobs and contribute significantly to Nigeria’s economy, with aims to achieve a $1 trillion economy by 2030. The MoU follows inspections of the steel and mining sites in Ajaokuta and Itakpe conducted by the consortium last August. Nigerian officials met with Russian stakeholders and toured Novostal M’s facility during the visit, receiving assurances of commitment from the Russian partners for the project’s success. The Nigerian government had previously indicated plans for similar agreements but faced delays due to the COVID-19 pandemic. In the 2024 budget, ₦4.45 billion was allocated for Ajaokuta’s revival, with an additional ₦35 billion sought from funding institutions. The estimated cost for restoring operations at Ajaokuta is between $2 billion and $5 billion.

The Ajaokuta Steel Plant, dormant for over 42 years, is a crucial aspect of Nigeria’s industrial sector. Past administrations aimed to revive the plant, recognising the potential economic benefits. The new agreement with Russian firms signals a renewed commitment by the current government to revitalise the steel industry, which is vital for reducing imports and boosting local manufacturing. This effort aligns with President Bola Tinubu’s economic vision for Nigeria, aiming to improve self-reliance and economic growth.

The MoU with the Russian consortium marks a critical development in Nigeria’s long-term plan to revitalise the Ajaokuta Steel Plant and NIOMCO. This initiative is expected to enhance local manufacturing, foster job creation, and strengthen the economy while reducing dependency on imported steel. With significant funding and expertise from Russian partners, the project is positioned to significantly impact Nigeria’s industrial landscape.

Original Source: nairametrics.com

The post Nigeria Signs MoU to Revive Ajaokuta Steel Plant and NIOMCO with Russian Consortium first appeared on Nigerian Mining News.

The Federal Government of Nigeria has initiated prosecutions against individuals implicated in illegal mining operations following recent interventions in Kogi and Ondo states. In Kogi, the operation named ‘Operation Hayakin Kogo’ led to the arrests of two Chinese nationals and a local for breaching mining regulations in the Ikah community. Concurrently, in Ondo, four suspects were apprehended at an unlicensed gold mining site in the Ogunlepa Forest Reserve, admitting to their lack of official mining permits. These suspects have been charged in the Federal High Court in Abuja. The actions are part of a broader initiative spearheaded by the Minister of Solid Minerals Development, Dr Dele Alake, to regulate and reform the mining sector, emphasising strict compliance with the Nigerian Minerals and Mining Act. Additionally, the government plans to enhance the enforcement capabilities of the Mining Marshals through technological integration including satellite monitoring.

Illegal mining has significantly impacted Nigeria’s mining sector, prompting the government to undertake rigorous enforcement actions. The establishment of the Mining Marshals, comprising 2,570 personnel trained from the Nigeria Security and Civil Defence Corps, aims to confront illegal activities and promote legitimate mining practices. Under the direction of the Ministry of Solid Minerals Development, these efforts are part of a comprehensive agenda to sanitise the mining industry.

The Nigerian government is intensifying its crackdown on illegal mining through legal actions against offenders in Kogi and Ondo states. The establishment of the Mining Marshals forms a crucial part of the government’s strategy to enforce compliance with mining regulations and combat illegal operations. This initiative reflects the government’s dedication to reforming the mining sector, ensuring adherence to the law, and promoting safe mining practices in Nigeria.

Original Source: dailypost.ng

The post Nigerian Government Acts Against Illegal Miners in Kogi and Ondo first appeared on Nigerian Mining News.

Orosur Mining Inc. has signed a joint venture (JV) with Nigerian firm Jurassic Mines Ltd to explore four lithium licences in Nigeria, an emerging hotspot for lithium mineralisation. The exploration team and infrastructure are ready, and work will commence immediately, focusing on identifying lithium pegmatite resources. The JV allows Orosur to earn up to 70% equity by investing $5 million over five years, with preliminary reconnaissance planned as the first step. Nigeria has seen increased artisanal lithium mining recently, reflecting a growing interest in its mineral potential, particularly since the Nigerian government began extensive geoscientific mapping to assess the region’s resources. Orosur aims to leverage its local expertise and established relationships to develop this promising venture while maintaining its interests in South America.

Orosur Mining Inc. is expanding into the lithium sector by partnering with Jurassic Mines in Nigeria, where there is significant potential for lithium pegmatite mining. This move comes amid increased activity in Nigeria’s mineral exploration, particularly following government initiatives to assess and promote lithium resources in the area. The company’s strategy aims to diversify its portfolio by harnessing its expertise in regions that have not become as competitive as South America, particularly due to rising costs and competition for exploration opportunities.

The partnership between Orosur Mining Inc. and Jurassic Mines Ltd marks a strategic entry into the growing lithium market in Nigeria. With a solid exploration team in place and a well-structured investment plan, Orosur is poised to tap into significant lithium resources, contributing to its overall growth and diversification in the mining sector.

Original Source: www.accesswire.com

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Segilola Resources Operating Limited (SROL), a subsidiary of Thor Explorations Limited, made waves at the African Natural Resources and Energy Investment Summit (AFNIS) 2024, recently held at the State House Banquet Hall in Abuja. During the summit, SROL distinguished itself with innovative presentations and meaningful participation in key discussions regarding Nigeria’s mining sector. Chris Omo-Osagie, CFO of Thor Explorations Limited, delivered the keynote address on behalf of CEO Segun Lawson, where he highlighted the progress in Nigeria’s natural resources landscape, particularly the solid minerals sector. He showcased the Segilola Gold Mine, underlining the company’s dedication to sustainable practices, community engagement, and adherence to regulations. Lawson stressed the importance of local workforce development, stating, “With a workforce that is 98 percent Nigerian, and by leveraging the expertise of the 2 percent expatriate resources, we ensure effective knowledge transfer to our Nigerian team.” This approach not only enhances operational efficiency but also nurtures industry growth and sustainability at a national level. In his remarks, Vice President Kashim Shettima, representing President Bola Ahmed Tinubu, reinforced Nigeria’s commitment to enhancing value in the mining sector: “Our country offers so much more. That is why we are using this platform to bond with you and share our commitment to harness the boundless potential of Africa’s Mining and Energy Industries.” Dr. Dele Alake, Minister of Solid Minerals Development, reiterated government support for sustainable resource management, emphasising the need for global expertise and technological innovation to drive economic diversification through mining.

The African Natural Resources and Energy Investment Summit (AFNIS) serves as a platform for stakeholders in the mining and energy sectors to discuss opportunities and challenges facing the industry in Africa. This year’s summit focused on Nigeria’s mining landscape, aiming to foster local talent development and sustainable practices in the sector. SROL’s participation highlights its role as a frontrunner in the Nigerian mining industry, particularly with its flagship Segilola Gold Mine.

SROL’s engagement at AFNIS 2024 underscores its pivotal role in Nigeria’s mining sector. By advocating for local workforce development and sustainable practices, the company aligns with the government’s vision for economic diversification and value addition in natural resources. The summit showcased the collective commitment of stakeholders to leverage Nigeria’s vast mineral potential for sustained growth.

Original Source: www.thisdaylive.com

The post SROL Shines at AFNIS 2024: A Commitment to Sustainable Mining first appeared on Nigerian Mining News.

The Federal Government of Nigeria is gearing up to tap into the country’s mineral wealth to stimulate economic growth and diversify its revenue sources. The upcoming 9th edition of Nigeria Mining Week, scheduled for November 18-20, 2024, in Abuja, will serve as a platform to showcase the abundant mineral resources available in Nigeria and their potential impact on the economy. Mary Ogbe, the Permanent Secretary of the Ministry of Solid Minerals Development, highlighted the event’s significance as a gathering for mining stakeholders. She emphasised the government’s commitment to reforming regulations to align with sustainable development goals and unlock the full potential of Nigeria’s rich mineral resources. The 2024 conference will focus on utilising these resources to drive economic transformation in line with the Federal Government’s Renewed Hope Agenda. Recent efforts have fostered a more investment-friendly environment, enhancing transparency and regulatory clarity within the mining sector. The Nigeria Mining Week is expected to attract influential leaders from the industry who will tackle key topics such as investment promotion and technological advancements. Dele Ayanleke, President of the Miners Association of Nigeria, mentioned that this event has consistently attracted international participants, providing a platform for innovative ideas and policy formulation. Habeeb Jaiyeola, Head of Mining Sector Business Development at PwC Nigeria, noted that this year’s theme, “From the inside out: Building the mining sector to be the cornerstone of Nigeria’s economy,” aims to showcase the mining sector’s achievements and address current challenges. He reaffirmed PwC’s longstanding support of the industry, highlighting the mining sector’s crucial role in the diversification agenda of the Nigerian economy.

Nigeria is rich in untapped mineral resources, which presents an opportunity for economic growth and diversification away from oil dependency. The Nigeria Mining Week serves as an essential annual event where stakeholders in the mining sector can discuss advancements, challenges, and strategies to enhance the industry’s contribution to the national economy. The government is actively working to create an environment that promotes investment in the sector through policy reforms and enhanced regulatory frameworks.

The Nigeria Mining Week 2024 plays a pivotal role in showcasing the country’s mineral wealth and fostering discussions aimed at unlocking the sector’s potential for economic growth. With participation from national and international stakeholders, the event aims to address challenges and drive investment, contributing to Nigeria’s goal of a diversified economy. The government’s focus on reforming the mining sector, along with support from organisations like PwC, is critical for realising these objectives.

Original Source: www.zawya.com

The post Nigeria Aims to Boost Economic Growth by Unlocking Mineral Wealth first appeared on Nigerian Mining News.

Nigeria is gearing up for the 9th Nigeria Mining Week, slated for November 18-20, 2024, at the Abuja Continental Hotel. Dr. Dele Alake, the Minister of Solid Minerals Development, underscored Nigeria’s dedication to unlocking its untapped mineral resources, which include gold, lithium, copper, and rare earth metals, critical for economic development and attracting foreign investment. The event serves as a prime platform for stakeholders to foster partnerships, promote investments, and introduce modern technologies to enhance the sector’s performance. The National President of the Miners Association of Nigeria highlighted the event’s success in shifting perceptions about Nigeria’s mineral potential and generating global interest, while also acknowledging that more work is needed to meet prior aspirations. Attendees will engage in discussions focused on regulatory frameworks, technological advancements, and sustainable practices, all aimed at driving economic transformation through the responsible management of mineral resources. The Mining Week reinforces Nigeria’s commitment to transparency and sustainability as central principles in fostering a thriving mining industry.

The Nigeria Mining Week is an annual gathering that aims to connect industry stakeholders, promote investment, and highlight Nigeria’s rich mineral potential. With vast resources still untapped, the event seeks to address challenges within the sector while showcasing the importance of mining in Nigeria’s economic agenda, especially in light of the Federal Government’s emphasis on job creation and value addition.

The upcoming 9th Nigeria Mining Week presents a significant opportunity for stakeholders to collaborate in harnessing the country’s mineral wealth. With a focus on sustainable practices and technological advancement, the event aims to position Nigeria as a formidable player in the global mining sector, fostering both local and international partnerships for economic growth.

Original Source: www.thisdaylive.com

The post Nigeria Prepares to Unlock Mineral Wealth at Upcoming 9th Mining Week first appeared on Nigerian Mining News.