Lafarge Africa Plc has completed a training programme for geoscientists and mining engineers in Ogun State, aimed at enhancing the mining sector’s operational excellence. Held over three days at Ewekoro, the event involved collaboration with the Ogun State Ministry of Industry, Trade, and Investment, providing 25 participants with practical learning and insights into industry best practices.

Engr. Philip Anaobi, the plant manager, reaffirmed the company’s dedication to developing talent in mining. He stated, “We remain dedicated to equipping industry professionals with the necessary skills to drive sustainable growth in Nigeria’s mining sector.” The training covered various topics, including safety protocols and community engagement, complemented by a tour of the Lafarge Ewekoro Quarry.

Professor Jimoh Ajadi from Kwara State University stressed the importance of continuous learning in the mining field, remarking, “Continuous learning and adaptation are crucial in the evolving landscape of mining.” He highlighted the need for adhering to safety regulations and advancing technological solutions in mining practices.

Gabriel Pollyn, Lafarge’s Head of Sustainability, discussed the company’s commitment to sustainability initiatives, including waste recycling and carbon footprint reduction. He noted, “We are pioneering efforts in waste recycling and reducing carbon footprints to promote sustainable resource extraction.”

Community Relations Manager Engr. Oluyomi Owolabi described the company’s collaboration with 14 host communities through its community relations committee. He revealed, “Our investment in education, healthcare, and infrastructure has strengthened long-term relationships with local stakeholders.”

Participant Emmanuel Okechukwu thanked Lafarge and the Ogun State government for the practical training, stating, “The training was filled with hands-on learning, and the insights gained will enhance industry operations and sustainability practices.”

Lafarge Africa’s training programme enhanced skills among geoscientists and mining engineers, focusing on operational excellence and sustainability in mining. Collaboration with local authorities and experts ensured participants received valuable insights and practical experience, fostering stronger community relationships and commitment to environmentally responsible mining practices.

Original Source: punchng.com

The post Lafarge Africa Enhances Mining Skills in Ogun State Through Training Programme first appeared on Nigerian Mining News.

The latest KPMG report on Nigeria’s mining sector indicates that the current investor framework is unattractive and does not address the unique challenges of the industry. Despite attempts by successive federal governments to revitalize this sector, the growth has been minimal, with mining contributing less than 1% to Nigeria’s GDP as of 2023.

In 1999, Nigeria aimed to refocus its mining strategy, leading to the 2007 Nigerian Minerals and Mining Act (NMMA). However, successes have been limited; the sector’s GDP contribution remains only 0.77%. The government previously set a target in 2016 for this contribution to rise to 10% of GDP by 2026 through a roadmap outlining industry development.

Although an N30 billion intervention fund was launched to attract multinational companies and promote exploration, tangible results have not followed. The mining value chain is categorized into exploration, processing, and marketing, but only upstream operations have seen some growth. Furthermore, fiscal incentives appear scattered across various laws, necessitating harmonization for clearer guidance to operators.

KPMG urges a complete review of the fiscal framework to align it with global standards, thus attracting investors. Moreover, updating the NMMA is essential to align provisions with the current mining ecosystem. Nigeria has over 44 minerals at 500 sites, yet seven strategic minerals—Coal, Bitumen, Limestone, Iron Ore, Barites, Gold, and Lead/Zinc—are prioritised for development due to their economic potential.

The KPMG report highlights that Nigeria’s mining sector framework is insufficiently attractive for investors, contributing less than 1% to GDP. It calls for a comprehensive review of the fiscal policies and updates to the Nigerian Minerals and Mining Act to enhance the sector’s appeal. The prioritisation of seven strategic minerals underlines the potential for growth if strategic measures are implemented.

Original Source: businessday.ng

The post KPMG Report: Nigeria’s Mining Sector Framework Fails to Attract Investors first appeared on Nigerian Mining News.

Captain Dada Olaniyi Labinjo, Executive Managing Director of Silicon Valley Nigeria Economic Development Mining Company Limited, stated that Nigeria could generate over N37 trillion annually from mining if properly developed. He emphasised that mining could significantly boost the economy by creating jobs and generating revenue through taxes and fees for the government.

Labinjo highlighted that such revenue could be directed towards infrastructure development and social programmes. The company’s engagement in the sector aims to play a substantial role in optimising Nigeria’s mining potential and supporting economic growth.

During a recent management visit, Labinjo spoke about mining’s capacity to create thousands of jobs in various sectors like geology and engineering. He noted that mining could increase government revenue through various taxes imposed on mining activities, significantly boosting the nation’s financial resources.

Ambassador Temitope Amina Labinjo-Ajayi, Chairman of SV-NED, praised President Bola Tinubu’s Renewed Hope Agenda for its potential to positively transform Nigeria. She reiterated that mining could when harnessed effectively, reduce Nigeria’s reliance on oil and contribute to economic diversification, vital for long-term economic stability.

She acknowledged that mining infrastructure could benefit local communities and industries, promoting overall development. Labinjo-Ajayi further explained that mining could enhance foreign exchange earnings through mineral exports, promoting better currency stability.

Adediran expressed excitement about the SV-NED’s partnership and its potential to improve local economic conditions and lifestyle. He appealed for establishing a University of Agriculture to tap into local agricultural and mining resources and called for upgrading a decades-old hospital lacking necessary medical infrastructure.

The article outlines the substantial economic potential of Nigeria’s mining sector, highlighting the significant revenues that could be generated through proper management. It stresses the importance of mining for job creation, infrastructure development, economic diversification, and foreign exchange earnings. The involvement of companies like SV-NED is essential to harness this potential and enhance the general well-being of local communities.

Original Source: www.zawya.com

The post Nigeria’s Mining Sector Could Generate Over $24 Billion Annually first appeared on Nigerian Mining News.

Dr Dele Alake, the Minister of Solid Minerals Development, underscored Nasarawa state’s critical role in enhancing Nigeria’s mining sector during a meeting with Governor Abdullahi Sule and Minister of Defence Abubakar Badaru. He highlighted Nasarawa as a mining hub, especially for lithium, and emphasised the need for ongoing collaboration to exploit the state’s mineral wealth effectively.

Nasarawa state is known for its extensive mineral resources, particularly lithium, positioning it as a pivotal area for mining efforts in Nigeria. Recent reforms in the country’s mining sector have sparked increasing interest from global investors. However, challenges such as insecurity remain, prompting the need for enhanced cooperation among state and federal officials to support mining activities while addressing security concerns.

The emphasis on collaboration between governmental bodies is crucial for advancing mining activities in Nasarawa, particularly amidst ongoing security challenges. The commitment by officials to address these issues signifies a robust strategy towards unlocking the state’s minerals potential for national growth. Overall, sustained cooperation is imperative for the mining sector’s success in Nigeria.

Original Source: blueprint.ng

The post Nasarawa State: Key to Nigeria’s Mining Future, Says Minister Alake first appeared on Nigerian Mining News.

The Minister of Solid Minerals Development, Dele Alake, outlined plans to establish the Nigeria Solid Minerals Corporation, designed after the Nigeria Liquefied Natural Gas (NLNG) model. This initiative, discussed during a meeting with UK Ambassador Jonny Baxter, aims to transform Nigeria’s mining sector and ensure sustainable development through private sector involvement and government equity. Alake stated that the corporation will minimise political interference, having received presidential approval for its establishment.

Alake emphasised the government’s strategy to enhance mining accessibility by developing transport infrastructure, improving the regulatory landscape, and securing investor interests. He highlighted 2025 as a crucial year for the administration’s reform efforts, with expectations of positive outcomes emerging from these initiatives. He also encouraged UK investment in Nigeria’s mining sector and welcomed British support in improving regulatory frameworks.

Ambassador Baxter praised the plans to model the new corporation after NLNG, affirming the UK’s commitment to fostering bilateral ties in the mining industry and supporting regulatory enhancements. He expressed that Nigeria’s economic progress is vital for global economic stability.

In related news, Senator Adams Oshiomhole accused retired military generals of being behind illegal mining activities in Nigeria, calling for decisive action from the government to combat this issue.

– Dele Alake stated that the Solid Minerals Corporation will be an enduring legacy, free from future political interference.
– He noted the importance of fostering investor security and expanding geological exploration within Nigeria’s mining sector.

The establishment of the Nigeria Solid Minerals Corporation reflects the government’s intention to innovate and improve the mining sector’s efficiency and global competitiveness. By mirroring the successful NLNG structure, the initiative aims to attract private investments while ensuring effective operational frameworks free from political interferences. Support from international partners like the UK highlights the global significance of Nigeria’s mineral resources in fostering economic growth.

The establishment of the Nigeria Solid Minerals Corporation represents a sizeable shift towards enhancing the mining industry. By investing in infrastructure, improving regulations, and involving international partners, Nigeria seeks to build a sustainable and profitable mining sector. This initiative, along with addressing illegal mining, aims to ensure long-term economic benefits and global recognition for Nigeria’s mineral wealth.

Original Source: www.legit.ng

The post Tinubu’s Government Plans Solid Minerals Corporation Modelled After NLNG first appeared on Nigerian Mining News.

The Minister of Solid Minerals Development, Dele Alake, highlighted the vital role of Nasarawa State in Nigeria’s mining sector during a meeting with Governor Abdullahi Sule and Defence Minister Abubakar Badaru. Alake noted that Nasarawa, rich in lithium and other minerals, is essential for national development and expressed appreciation for the cooperative relationship with the state government.

Alake indicated that recent reforms have attracted global attention to Nigeria’s mining industry. Governor Sule praised Alake for promoting President Bola Tinubu’s mining agenda but acknowledged ongoing security challenges. Sule emphasised the need for collaboration to address these issues to facilitate uninterrupted mining operations.

Governor Sule reported that lithium production is thriving in the state, with more factories under construction. He stressed the importance of partnering with the private sector to enhance the mining value chain.

Defence Minister Badaru reaffirmed the federal government’s determination to combat insecurity, which has hindered mining activities. He reported progress in tackling banditry and assured that security measures are being intensified nationwide to enable safe mining operations.

Nasarawa State is rich in mineral resources, notably lithium, making it central to Nigeria’s mining ambitions. The government aims to leverage these resources for economic growth, hence the focus on overcoming insecurity to allow for sustainable development. Collaboration between state and federal officials is critical for addressing challenges in the mining sector and ensuring a conducive environment for investment and exploration.

The dialogue among officials underscores the significance of Nasarawa State in Nigeria’s mining landscape, stressing the interplay between resource development and security. Effective collaboration is essential to overcoming obstacles and bolstering the mining sector, ensuring that the state remains a pivotal player in national mineral development.

Original Source: tribuneonlineng.com

The post Nasarawa’s Role in Advancing Nigeria’s Mining Sector first appeared on Nigerian Mining News.

Nigeria and France are strengthening their collaboration to enhance mining development following a recently signed Memorandum of Understanding (MOU). This agreement was discussed at the Future Minerals Forum in Riyadh, where Nigerian Minister of Solid Minerals Development, Dele Alake, and French Inter-Ministerial Delegate for Strategic Minerals, Benjamin Gallezot, sought to promote sustainable mining practices and decarbonisation in energy projects.

Gallezot announced that his department is reviewing applications from French companies wishing to invest in Nigeria’s mining sector and will provide a list of verified investors to the Nigerian ministry. Minister Alake expressed gratitude to Gallezot for his cooperation despite time constraints during President Bola Tinubu’s visit to France, addressing misinformation regarding the MOU’s objectives.

The MOU includes plans for research collaboration, knowledge sharing, and environmental rehabilitation, focusing on over 2,000 abandoned mining sites in Nigeria. During the Forum, discussions centred on sustainable practices, artisanal mining, geological exploration, and funding for training programmes.

Olusegun Ige, Director-General of the Nigerian Geological Survey Agency, highlighted the need for modern equipment to improve geological data exploration. Similarly, Simon Nkom from the Mining Cadastral Office urged for a comparative analysis of mining laws between the two nations.

Executive Secretary Fatima Shinkafi suggested co-funding for early-stage exploration projects, stating that the Nigerian Solid Minerals Fund has accumulated significant historical data from collaborations with financial entities. Christophe Poinssot from the French Geological Agency confirmed support for increasing geologist capacity in Africa, including Nigeria.

The MOU signed between Nigeria and France seeks to boost the mining sector in Nigeria through sustainable practices and technology advancement. It aims to address issues like environmental impact and rehabilitation of defunct mining sites, thus promoting a stronger, more responsible mining industry. The collaboration also involves sharing knowledge and coordinating training programmes to enhance the skills of those in the mining sector.

The collaboration between Nigeria and France marks a significant step in enhancing Nigeria’s mining development through sustainable practices and investment. The MOU aims to tackle environmental issues while promoting technological advancements and knowledge sharing. With committed efforts from both countries, the potential for growth in the Nigerian mining sector appears promising, benefiting both economies.

Original Source: businessday.ng

The post Nigeria and France Collaborate to Advance Mining Development first appeared on Nigerian Mining News.

Nigeria and France have initiated actions to implement the Memorandum of Understanding (MOU) signed last month in Paris aimed at enhancing local mining development. This was discussed during the Future Minerals Forum held in Riyadh between Dele Alake, Nigeria’s Minister of Solid Minerals Development, and Benjamin Gallezot, France’s inter-ministerial delegate for strategic minerals. The MOU focuses on sustainable mining, environmental protection, and energy decarbonisation.

Gallezot mentioned that his department is evaluating applications from French companies interested in investing in Nigeria’s mining sector. A shortlist of eligible investors will be sent to the Nigerian Ministry of Solid Minerals Development. Alake acknowledged the cooperation that led to the MOU’s establishment, countering any misinformation from political opposition regarding its objectives.

The collaboration between Nigeria and France aims to boost the mining sector in Nigeria by enhancing sustainable practices and cutting environmental impact. The MOU facilitates research partnerships, student training, and rehabilitation of abandoned mining sites. This partnership arises amidst a global focus on sustainable mining and resource management, which could attract investments and modernize Nigeria’s mining infrastructure.

Both countries are committed to fostering a robust mining sector through their MOU, focusing on sustainability, advanced technology, and investor engagement. Discussions at the forum highlighted essential areas such as artisanal mining and geological exploration, paving the way for improved mining laws and practices. The collaboration is expected to generate significant positive outcomes for Nigeria’s mining landscape.

Original Source: businessday.ng

The post Nigeria and France Collaborate to Enhance Mining Development first appeared on Nigerian Mining News.

Dele Alake, Nigeria’s Minister of Solid Minerals Development, advocates for stronger trade relations with the United Arab Emirates (UAE) particularly in the mining sector. During a meeting with UAE Ambassador Salem Shaeed Al Shams, Alake stressed the importance of a collaborative approach to tackling illegal gold trade, which currently sees much Nigerian gold entering the UAE unlawfully.

He pointed out Nigeria’s wealth in valuable minerals and the potential benefits of the UAE’s role as a mineral trade hub. Alake proposed working together to create strategies and a regulatory framework to ensure that both nations can profit legally from this trade, enhancing mutual benefits.

Al Shamsi confirmed the UAE’s commitment to deepening ties with Nigeria, highlighting the removal of visa restrictions and a recent MOU between Emirati companies and Nigeria through the Solid Minerals Development Fund (SMDF). He also announced an economic forum set to be held in Nigeria with participation from 30 to 35 major Middle Eastern and Emirati companies, aimed at attracting Foreign Direct Investments (FDI).

To further combat illegal trading and enhance legitimate commerce, both countries agreed to form a technical committee to explore collaboration strategies. A statement from Segun Tomori, aide to the Minister, emphasised this commitment to cooperative efforts in the mining sector.

The article focuses on the relationship between Nigeria and the UAE, particularly looking at trade in the solid minerals sector, which is crucial for economic development. With significant illegal gold trading concerns, the ministers aim to establish a legal framework to enhance trade practices and benefit both countries. The initiative is part of a broader effort to strengthen bilateral relations and increase foreign investments in Nigeria.

The meeting between Alake and Al Shamsi signifies strong bilateral interest in solid mineral trade. By addressing illegal activities and fostering legitimate commerce, Nigeria and the UAE can enhance their economic relationship. Upcoming forums and agreements indicate a robust commitment to advancing trade ties and investments in Nigeria.

Original Source: businessday.ng

The post Nigeria and UAE Strengthen Mining Trade Relations first appeared on Nigerian Mining News.

The Nigerian Government is actively pursuing partnerships with international players in the mining sector to harness the nation’s capabilities. During the Future Minerals Forum in Riyadh, Saudi Arabia, Minister of State Finance, Dr. Doris Uzoka-Anite, highlighted Nigeria’s considerable resource potential and readiness for collaboration. She expressed a commitment to innovation, sustainability, and investment, positioning Nigeria as a key player in global minerals and energy. Dr. Uzoka-Anite urged global investors to explore the untapped opportunities available in Nigeria’s mining and energy sectors.

Attending alongside Minister of Solid Minerals, Mr. Dele Alake, Dr. Uzoka-Anite emphasised Nigeria’s openness for business at the Future Minerals Forum, which hosted over 14,000 participants from 178 countries, including government leaders and industry experts. The Nigerian delegation aimed to showcase the country’s extensive natural resources and support President Bola Ahmed Tinubu’s focus on economic growth through mining and energy collaboration.

The Future Minerals Forum serves as a significant platform for shaping the minerals industry’s future globally. Nigeria’s involvement at the forum illustrates its commitment to fostering international partnerships that drive economic advancement, aligned with the Renewed Hope Agenda of the Tinubu Administration, aimed at enhancing the country’s mining and energy sectors.

Nigeria is rich in natural resources, which presents significant opportunities for economic growth through the mining sector. The government is keen on attracting global partnerships to unlock these resources. With a strong focus on innovation and sustainability, Nigeria aims to improve its position in the global minerals market, enhancing its economic landscape in the process. Participation in international forums like the Future Minerals Forum reflects Nigeria’s strategy to engage globally and promote investment in its resources.

In summary, the Nigerian Government is seeking global partnerships to strengthen its mining and energy sectors. By showcasing its resource wealth at international forums, Nigeria is positioning itself as an emerging leader in the global minerals market. The ongoing efforts to attract foreign investment are aligned with the country’s broader economic agenda, aiming to stimulate growth and sustainability in critical industries.

Original Source: newtelegraphng.com

The post Nigeria Seeks Global Mining Partnerships to Strengthen Economy first appeared on Nigerian Mining News.