Nigeria and Venezuela are exploring investment opportunities in the mining sector, as revealed in recent discussions between Nigeria’s Minister of Solid Minerals Development, Dr Dele Alake, and Venezuela’s Deputy Minister of Mining, Alejandro Martinez. Their talks took place during the Investing in African Mining Indaba Conference in Cape Town, South Africa, with a commitment to strengthening collaboration and attracting investments.

Minister Alake highlighted the potential for both nations to work together in sustainably utilising their mineral resources for economic benefits. He stressed the importance of local processing, particularly of lithium, to create jobs and enhance the economy instead of merely exporting raw materials.

Alake also invited Venezuela to join the Super Region, a coalition of mining countries aiming to promote trade and economic independence. The minister expressed openness to collaborations with investors who demonstrate commitment to sustainable practices and local value addition.

In response, Martinez noted Venezuelan investors are particularly interested in Nigeria’s market for mining machinery and services. He asked for Alake’s support in facilitating collaboration and encouraging investors to visit Nigeria for further information.

The discussions stem from ongoing efforts by Nigeria and Venezuela to enhance their mining sectors, utilising each country’s resources effectively. Both countries face similar political and economic challenges, which provides a unique opportunity for mutual cooperation. The Investing in African Mining Indaba serves as a strategic platform for countries to seek partnerships and investments.

The engagement signifies a strategic move towards deeper collaboration in the mining sector between Nigeria and Venezuela. By focusing on sustainable practices and local economic growth, both nations hope to leverage their mineral resources more effectively and create significant employment opportunities.

Original Source: von.gov.ng

The post Nigeria and Venezuela Seek Collaborative Opportunities in Mining first appeared on Nigerian Mining News.

France has pledged funding for the Nigerian Geological Survey Agency (NGSA) to enhance geological data exploration. This commitment was announced by Kehinde Bamigbetan, special adviser to the Minister of Solid Minerals Development, Dele Alake. The funding aligns with the Memorandum of Understanding (MoU) signed by both nations in December 2024, during President Bola Tinubu’s visit to Paris to boost solid minerals sector collaboration.

During a recent meeting in Riyadh, held at the Future Minerals Forum, Alake and Benjamin Gallezot from France’s strategic minerals delegation discussed advancing the MoU’s implementation. They agreed to exchange information on mining laws, aiming to compare regulations and combat illegal mining. Alake acknowledged Gallezot’s efforts to create the MoU amidst time constraints, responding to public misconceptions about its goals.

A key aspect of the meeting was Gallezot’s assurance of reviewing French companies interested in investing in Nigerian mining. The list of credible investors will be shared with Nigeria’s Ministry of Solid Minerals Development. Joint exploration efforts for specific minerals were also proposed to develop a comprehensive geological database.

Bamigbetan highlighted the need for geological advancements in Nigeria, with Olusegun Ige, NGSA’s director-general, stressing the importance of upgrading laboratories to modern standards for accurate rock analysis. Emphasis was placed on training and skill enhancement for local expertise in the mining sector.

Simon Nkom from the Nigerian Mining Cadastral Office urged the comparison of mining laws between Nigeria and France to aid law reviews. Fatima Shinkafi from the Nigerian Solid Minerals Development Fund called for shared funding for exploration initiatives, leveraging past collaborations to support entrepreneurs in mining.

Christophe Poinssot from the French Geological Agency affirmed Nigeria’s inclusion in a funding programme aimed at supporting African geologists. He confirmed that Nigeria would receive laboratory upgrades to comply with international standards. Both nations plan to evaluate their collaborative programme at the upcoming annual Indaba in Cape Town next month.

The collaboration between France and Nigeria focuses on enhancing the geological data exploration capabilities of Nigeria’s mining sector. The initiative aims to diversify value chains in the solid minerals sector and addresses the need for advanced technology and training in Nigeria. The agreement fosters exchange on mining laws and promotes investment from French companies, aiming for sustainable mining practices and the development of local expertise.

France’s funding commitment to the NGSA underscores a strategic partnership aimed at improving Nigeria’s mining capabilities. The initiatives discussed during the Future Minerals Forum highlight cooperation in exploring minerals, enhancing local geological practices, and fostering investment opportunities. This collaboration is intended to address current challenges in the Nigerian mining sector and promote sustainable practices.

Original Source: www.nigerianeye.com

The post France Pledges Funding for Nigeria’s Geological Exploration Efforts first appeared on Nigerian Mining News.

The French government plans to enhance the capabilities of the Nigerian Geological Survey Agency (NGSA) by upgrading its laboratory and equipping it with advanced technology. This initiative follows a Memorandum of Understanding (MoU) signed with Nigeria, announced during the Future Minerals Forum in Riyadh, Saudi Arabia. Benjamin Gallezot led the French delegation while Nigeria was represented by Minister of Solid Minerals Development, Dele Alake.

Moreover, the commitment extends to funding geological data exploration for the NGSA. A statement from Kehinde Bamigbetan, Alake’s Special Adviser, emphasized the initiative’s impact on promoting critical mineral projects in Nigeria. Gallezot indicated that his department is evaluating French companies interested in investing in Nigeria’s mining sector to ensure the credibility of prospective investors.

Minister Alake expressed gratitude for Gallezot’s collaboration in developing the MoU aimed at enhancing the two countries’ solid mineral sectors. Bamigbetan also addressed misconceptions regarding the MoU, clarifying that Nigeria is not conceding control over its mineral resources or forming a military alliance with France. The minerals forum serves as an essential platform for fostering understanding and collaboration between the two nations.

NGSA’s Director-General, Prof. Olusegun Ige, highlighted that the absence of advanced technology has hindered exploration efforts in areas rich in mineral deposits. He stressed the importance of cultivating local expertise through international exposure, noting that mining requires ongoing training and skill transfer to remain competitive globally.

This article discusses France’s commitment to upgrading Nigeria’s geological surveying capabilities through modern technological resources. The agreement, made at an international minerals forum, signifies an effort to strengthen cooperation in the mining sector between Nigeria and France, with an emphasis on sustainable development and value chain enhancement in critical minerals. This move also aims to address the existing challenges within Nigeria’s mining industry.

In conclusion, France’s pledge to upgrade Nigeria’s Geological Survey Agency marks a significant step in enhancing the country’s mining capabilities. The partnership will not only provide advanced technology and funding but will also foster international collaboration and expertise development, essential for tapping Nigeria’s mineral wealth effectively. Addressing public misconceptions highlights the importance of clear communication in international agreements.

Original Source: freedomonline.com.ng

The post France to Enhance Nigeria’s Survey Agency with Advanced Technology first appeared on Nigerian Mining News.

France plans to enhance the Nigerian Geological Survey Agency (NGSA) laboratory by providing advanced technological equipment as part of a recent agreement. This commitment arose from discussions related to a Memorandum of Understanding (MoU) signed with Nigeria. The French delegation, led by Inter-ministerial Delegate Benjamin Gallezot, announced this at the Future Minerals Forum in Riyadh, Saudi Arabia, alongside Nigeria’s Minister of Solid Minerals Development, Dele Alake.

The agreement will also include funding for geological data exploration for the NGSA. Following the MoU announcement, there will be collaborative projects aimed at promoting the value chain of critical minerals in both nations. Gallezot shared that efforts are underway to verify suitable French investors interested in Nigeria’s mining sector to ensure they are credible.

At the meeting, Alake thanked Gallezot for the collaboration towards the MoU, which focuses on developing the solid minerals sector. Allegations from political opponents claiming Nigeria would lose control over its mineral resources were dismissed as misinformation. The Future Minerals Forum served as a platform to enhance cooperation between the two countries in designing joint programmes.

Professor Olusegun Ige, Director-General of NGSA, indicated that the lack of advanced equipment has hindered exploration in mineral-rich areas. He highlighted the importance of enhancing local expertise through international exposure and continuous training, crucial for a global mining business.

France’s commitment to upgrading the NGSA’s laboratory is part of a broader strategy to strengthen ties with Nigeria through the MoU signed in December 2024. This initiative is expected to stimulate the solid minerals sector in both countries by promoting investments and facilitating knowledge transfer. Addressing the technological gap in Nigeria will enhance exploration efforts and ensure the region can better utilise its mineral resources.

The collaboration between France and Nigeria aims to foster development in the solid minerals sector through technological upgrades and joint projects. By verifying French investments and enhancing local expertise, the partnership seeks to optimise Nigeria’s mineral resources management while dispelling misinformation associated with the MoU. This initiative marks a significant step toward strengthening bilateral relations and supporting Nigeria’s mining capabilities.

Original Source: aljazirahnews.com

The post France Commits to Upgrading Nigeria’s Geological Survey Agency Laboratory first appeared on Nigerian Mining News.

France has pledged to finance the geological data exploration of Nigeria’s Geological Survey Agency (NGSA). Kehinde Bamigbetan, a special adviser to the minister of solid minerals development, announced this commitment as part of a memorandum of understanding (MOU) signed in December 2024. This agreement aims to enhance mining activities in both countries.

On December 1, 2024, Nigeria and France formalised their collaboration on diversifying solid minerals through an MOU during President Bola Tinubu’s visit to Paris. The signing was instrumental in establishing a framework for the two nations to collaborate on mining initiatives.

During discussions at the Future Minerals Forum in Riyadh, Nigeria’s Minister Alake and France’s Benjamin Gallezot addressed the MOU’s progression and shared insights on mining regulations and illegal mining practices in both countries. Additionally, they reported on strategies to eliminate misinformation regarding the MOU’s objectives.

Gallezot highlighted that his department is evaluating interested French companies for investment opportunities in Nigeria’s mining sector. He informed the Nigerian ministry that discussions from the meeting will be escalated through various governmental channels for further action.

The meeting covered crucial topics including sustainable and artisanal mining, geological exploration, and necessary training. Olusegun Ige, DG of NGSA, emphasised the urgent need for improved technology and laboratory upgrades for optimal mineral analysis.

Simon Nkom, DG of the Nigerian mining cadastral office, called for harmonisation of mining laws between both nations, which he suggested might streamline Nigeria’s legal framework. Fatima Shinkafi, from the Nigerian Solid Minerals Development Fund, advocated for joint funding of preliminary exploration projects with French financial institutions.

The commitment of France to fund the geological exploration in Nigeria illustrates a strengthening bilateral relationship focused on sustainable mining practices and improved resource management. The MOU signed in December 2024 aims to diversify and enhance the solid minerals sectors in both countries, reflecting ongoing collaborative efforts within the framework established during President Bola Tinubu’s official visit to France.

France’s funding commitment marks a significant step in enhancing Nigeria’s geological capabilities, with the two nations actively engaging to advance mining regulations and investment opportunities. Collaborative efforts aimed at developing Nigeria’s mining sector promise to foster growth, technological advancement, and improved mining practices. The partnership will also bolster Nigeria’s capacity for geological research and analysis, enhancing its global standing in the minerals market.

Original Source: www.thecable.ng

The post France Commits to Fund Nigeria’s Geological Data Exploration first appeared on Nigerian Mining News.