Nigeria and Venezuela are exploring mining sector investment opportunities following discussions at the Mining Indaba in Cape Town. Dr Dele Alake, Nigeria’s Minister of Solid Minerals Development, highlighted the shift from petroleum to solid minerals due to global energy transitions. He stated that diversifying economies aligns with President Tinubu’s agenda, emphasising the importance of minerals like lithium and cobalt for the energy transition.

Alake expressed readiness for cooperation in mineral exploitation and trade, aiming for local processing and job creation. He invited Venezuela to join a coalition named the Super Region, designed to enhance trade among countries with similar economic goals. Venezuelan Deputy Minister Alejandro Martinez acknowledged both nations’ shared challenges and expressed interest in exploring Nigerian mining markets, seeking local investment facilitation.

Both Nigeria and Venezuela have historically relied on petroleum exports, facing economic challenges related to global climate policies. As the world shifts towards green energy solutions, both nations are now focusing on sustainable alternatives in the mining sector. The ongoing discussions signify a strategic move to explore and develop their mineral resources for economic diversification and local value addition.

The discussions between Nigeria and Venezuela signal a cooperative approach to mining, focusing on jobs and local processing of minerals. The invitation to join the Super Region coalition represents an opportunity for collaboration among countries facing similar economic challenges. Both nations are committed to leveraging their mining sectors to achieve sustainable economic growth.

Original Source: blueprint.ng

The post Nigeria and Venezuela Collaborate to Explore Mining Opportunities first appeared on Nigerian Mining News.

In a bid to foster a sustainable mining sector in Nigeria, the Permanent Secretary of the Ministry of Solid Minerals Development, Dr Mary Ogbe, urged industry leaders to prioritise environmental responsibility and community engagement during a recent sensitisation programme. Represented by Mr Yunusa Mohammed, the director of Artisanal and Small Scale Mining, Dr Ogbe outlined the ministry’s goals, which include promoting renewable energy, enhancing compliance with environmental protocols and investing in host communities through the Community Development Agreement. The ministry’s initiatives are rooted in the 2007 Nigerian Minerals and Mining Act, emphasizing the necessity of responsible mining practices while striving for economic growth alongside environmental protection. Dr Ogbe stated, “Responsible mining is not an option; it is a necessity. Our vision is for a mining industry that drives economic growth, while protecting our environment and strengthening our communities.” The ministry aims to engage stakeholders in discussions surrounding best practices and solutions to promote responsible resource management. Dr Vivian Okono highlighted the importance of adhering to environmental regulations, ensuring mining operations align with both national and international standards.

The focus of this announcement centres on the importance of sustainable practices in Nigeria’s mining sector. The Ministry of Solid Minerals Development aims to address environmental challenges posed by mining activities and integrate community welfare into mining operations. The 2007 Nigerian Minerals and Mining Act provides a framework for these initiatives, mandating compliance with environmental standards to drive economic and social benefits.

The Ministry of Solid Minerals Development is actively steering Nigeria’s mining sector towards sustainability through stringent environmental protocols and community-focused investments. By prioritising climate action and encouraging stakeholder collaboration, they aim to ensure that mining contributes positively to both the economy and the environment, emphasising that responsible mining is essential for future development.

Original Source: blueprint.ng

The post MSMD Champions Sustainable Mining Initiatives for Nigeria’s Future first appeared on Nigerian Mining News.