The rising global demand for lithium, driven by the shift towards cleaner energy sources, highlights Africa’s growing potential in lithium mining. While Australia, Chile, and China dominate production, Zimbabwe is Africa’s leader in lithium deposits, attracting significant Chinese investment. The global effort to reduce carbon emissions has intensified interest in lithium, often dubbed ‘white gold’, vital for rechargeable batteries powering electronics and electric vehicles.

In 2023, global lithium consumption reached an estimated 180,000 tons, a 27% increase from 142,000 tons in 2022, showcasing an increasing reliance on this critical mineral. Although African nations hold approximately 5% of the world’s lithium ore reserves, many countries are increasingly turning to mineral mining as a new source of revenue, hoping to industrialise and transition from oil dependency.

President Ramaphosa of South Africa has expressed a desire to collaborate with Nigeria to develop critical minerals, particularly lithium. This partnership could leverage Nigeria’s lithium reserves for the growing electric vehicle sector. Lithium mining initiatives are burgeoning with new companies entering the market, signifying a change in focus across the continent.

Mining Review Africa has highlighted significant lithium mining projects across Africa, which include:
1. Zimbabwe – Arcadia
2. Zimbabwe – Bikita
3. DR Congo – Manono
4. DR Congo – Manono Tailings
5. South Africa – Blesberg
6. Mali – Goulamina
7. Zimbabwe – Zulu
8. Ghana – Ewoyah
9. DR Congo – Gangfeng
10. Namibia – Karibib

Zimbabwe ranks as the continent’s leading lithium producer, while Nigeria’s lithium market is still emerging, with significant deposits discovered only in 2018. China’s Avatar New Energy Materials has established the first lithium processing plant in Nigeria. Expanded efforts include approvals for new mining companies to commence operations, enhancing Nigeria’s industrial capabilities.

The article focuses on the burgeoning lithium mining industry in Africa amidst a global surge in demand for lithium, primarily due to the transition to cleaner energy sources and the rise of electric vehicles. It discusses the key players in the lithium market globally, noting Africa’s untapped potential in this sector, with Zimbabwe as a standout for its substantial lithium deposits supported by significant foreign investment.

In summary, Africa is poised to play a critical role in the global lithium market, with countries like Zimbabwe leading the way in deposits and production. The interest from South Africa and Nigeria indicates a broader trend of African nations exploring mineral wealth as a means to drive economic growth and support the green energy transition. However, the environmental impacts of mining remain a concern that needs addressing.

Original Source: africa.businessinsider.com

The post Africa’s Growing Role in Lithium Mining Amidst Global Demand first appeared on Nigerian Mining News.

The Minister of Solid Minerals Development, Dr. Dele Alake, has voiced his discontent over the drastic cut of his ministry’s proposed budget from N531 billion to N9 billion. He characterised this reduction as unacceptable while seeking an increase, though he did not specify the desired amount. Alake has formally protested to the National Assembly, asserting that the current allocation is insufficient to unlock Nigeria’s mining potential and that such limitations would stifle potential investments vital for exploration and growth in the sector. Furthermore, he highlighted that the 2024 revenue projections exceeded expectations, generating N38 billion, thus demonstrating the capacity for growth in the mining sector despite the minimal budgetary support.

The significant reduction of Nigeria’s mining sector budget poses a serious challenge to its economic diversification efforts, as it heavily relies on oil revenue. The proposed cut could undermine ongoing reforms and achievements within the mining industry. Recent figures indicated that reforms helped create 45,000 jobs and exceeded revenue expectations. The government, represented by the Minister and the Joint National Assembly Committee on Solid Minerals, expresses concerns about the implications of such a minimal budget and its impact on future investments and sustainable economic growth.

The drastic cut in the mining sector budget has spurred considerable backlash from the Minister and legislative committees, who argue that it threatens the future potential of Nigeria’s solid minerals industry. With calls for a budget increase, the focus remains on ensuring significant investments for exploration to sustain economic diversification beyond oil reliance. Concerns about job creation and revenue generation continue to be pivotal in discussions surrounding the budget allocation for the mining sector.

Original Source: 21stcenturychronicle.com

The post Minister Decries Cutting Nigeria’s Mining Sector Budget to N9 Billion first appeared on Nigerian Mining News.

Dr. Dele Alake, Nigeria’s Minister of Solid Minerals Development, has expressed strong discontent regarding the drastic reduction of his ministry’s proposed capital budget for 2025 from N531 billion to a mere N9 billion. He articulated his concerns on social media, highlighting that such cuts would severely limit investments necessary for unlocking Nigeria’s mining potential. The minister reported that while mining reforms generated 45,000 new jobs in 2024 and revenue surpassed projections, the current allocation is woefully inadequate for critical exploration activities.

Alake, alongside the Joint National Assembly Committee, emphasised that the N9 billion budget fails to meet the essential financial requirements for fostering significant investment in the mining sector, crucial for Nigeria’s economic diversification. Both Committee Chairman Senator Ekong Sampson and Co-Chairman Gaza Gbefwi joined in condemning the budget reduction as a blow to the country’s capacity to generate revenue. Gbefwi warned against compromising future generations by neglecting such promising sectors as solid minerals.

Senator Natasha Akpoti-Uduaghan suggested halting budget screenings until a proper increase is made. Consequently, the Joint Committee rejected the proposed budget and invited relevant ministers to push for a review that would unlock Nigeria’s mineral resource potential further.

This reflects a broader push for better budgetary support that aligns with the nation’s need for economic diversity beyond oil, framing solid minerals as a cornerstone of this transition.

Dr. Dele Alake stated, “This is unacceptable, as it will hinder any significant investment in exploration… We seek the support of the National Assembly for a radical upward review of the budget.” – 21st Century Chronicle.

The ongoing discussions signal an urgent need for investment in Nigeria’s mining sector to facilitate long-term economic gains and employment opportunities, as well as to increase national revenues.

– Key Points:
1. The proposed capital budget for the mining sector for 2025 is dramatically reduced.
2. Minister Dele Alake and the Joint Committee call for an upward review of the budget.
3. There is a push for increased investment in Nigeria’s mining to drive economic diversification.
4. Critics of the budget cuts see them as detrimental to future generations and growth in the sector.

– Conclusion:
Minister Alake’s dissatisfaction with the N9 billion budget underscores critical gaps in funding necessary for the advancement of Nigeria’s mining infrastructure and workforce development. The rejection by the Joint Committee encapsulates the urgent call for reassessment of priorities to safeguard the future economic health and potential of the nation through solid minerals.

This article discusses the ongoing issues within Nigeria’s mining sector, particularly focusing on a significant budget reduction proposed for 2025. The Minister of Solid Minerals Development, Dr. Dele Alake, has vocalised concerns regarding this cut, seeing it as a hindrance to the potential growth and exploration needed in the industry. The background discusses Nigeria’s reliance on oil, the recent jobs created through mining, and the importance of solid minerals in economic diversification.

The situation highlights the urgent need for increased support and investment in Nigeria’s mining sector. Minister Alake’s statements, alongside the condemnation from the Joint Committee, reflect a clear consensus on the necessity for a budget review to secure the future economic sustainability of the country based on its mineral resources.

Original Source: 21stcenturychronicle.com

The post Minister Rejects Dramatic Cuts to Nigeria’s Mining Budget first appeared on Nigerian Mining News.

The Minister of Solid Minerals Development, Dr. Dele Alake, has expressed strong disapproval of the N9 billion budget allocated for Nigeria’s mining sector in 2025, calling for a significant increase. In a post on X, Alake argued that this financial allocation is insufficient to harness the country’s mining potential, despite the sector generating N38 billion in revenue in 2024, exceeding an initial projection of N11 billion. He emphasised that to secure substantial investments in exploration activities, an upward review of the budget is essential.

Alake pointed out the success of mining reforms in 2024, which resulted in 45,000 new jobs and enabled Nigeria to attract global attention in the sector. He asserted that the N9 billion budget would severely limit exploration efforts and hinder necessary geo-data generation to engage major investors. Furthermore, the Joint National Assembly Committee on Solid Minerals has also rejected the proposed budget, advocating for increased funding to promote solid minerals as a critical component of economic diversification. Committee Chair Senator Ekong Sampson highlighted the crucial need for investment in exploration to facilitate Nigeria’s green energy transition.

Nigeria is Africa’s leading energy producer but struggles to leverage its mineral resources effectively, contributing less than 1% to its GDP. Persistent challenges include inadequate incentives, rampant illegal activities, and low investment levels. The country aims to diversify its economy and harness the potential of its solid minerals sector, which is viewed as key for future economic stability and growth. Recent reforms demonstrated the possibility of job creation and revenue generation, but the budgetary allocation needs considerable enhancement to facilitate further progress.

In summary, Dr. Dele Alake’s call for an increased budget for Nigeria’s mining sector underscores the necessity of substantial investment for exploration and growth. With the Joint National Assembly Committee echoing his concerns, there is a growing consensus on the urgent need for policy adjustments to ensure Nigeria capitalises on its mineral wealth and drives economic diversification away from oil dependency. Without adequate funding, opportunities for future generations may be severely compromised.

Original Source: nairametrics.com

The post Dele Alake Critiques N9 Billion Mining Budget, Advocates for Increase first appeared on Nigerian Mining News.

In November, Nigeria’s government introduced amendments to the Nigeria Minerals and Mining Act (NMMA), originally established in 2007, to invigorate the nation’s stagnant mining industry, which currently contributes a mere 0.3% to GDP. The revisions aim to decentralise authority over mineral rights, shifting responsibility from the federal government to local authorities, thereby empowering communities to combat illegal mining and bolster legal operations. The changes are part of a broader strategy to diversify the economy away from oil dependency.

Historically, Nigeria’s mining sector thrived pre-1970s before the oil boom overshadowed it. In the wake of the civil war, many mines were abandoned, and despite the 2007 law aimed at attracting foreign investment, illegal mining has proliferated, particularly in states such as Kaduna and Zamfara, impacting local communities and the environment. The ongoing trade of illegally mined gold for arms and safety concerns surrounding mining sites exacerbate these challenges.

The amended NMMA will enable states to generate more revenue from legal mining, thus incentivising local governance and compliance. However, challenges such as inadequate transport infrastructure, security issues, and the overshadowing presence of the oil sector still hinder mining’s growth potential. As the bill awaits parliamentary approval, its potential to effect transformational change remains in question, primarily due to Nigeria’s deeper structural economic issues.

Nigeria’s mining sector has been largely stagnant due to an outdated mining law that hasn’t been revised since 2007. With current mining output contributing only 0.3% to GDP and the nation heavily reliant on imports for minerals, there is an urgent need for reform. As the oil and gas industry dominates the economic landscape, the government strives to rebalance its economy by revitalising mining through significant legal amendments that aim to devolve regulatory power to local entities and combat widespread illegal mining.

The proposed changes to the Nigeria Minerals and Mining Act reflect a critical effort to stimulate the mining sector by empowering local governments and communities. As new responsibilities are transferred from the federal government to state and local levels, the hope is to address illegal mining and cultivate legitimate sector growth. Nonetheless, substantial challenges, including security and infrastructure, may continue to impede significant progress. Therefore, while the amendments are pivotal, they alone may not transform the mining industry without additional institutional and economic reforms.

Original Source: african.business

The post Nigeria’s New Mining Law: A Strategic Shift to Revitalise the Sector first appeared on Nigerian Mining News.

The Nigerian government is launching a new television drama series called “Hidden Riches” on January 25, aimed at enhancing awareness about the mining sector. Announced by Dr. Dele Alake, the Minister of Solid Minerals Development, the show seeks to underline the industry’s significance in Nigeria’s economic diversification. Produced by Take 7 Media and set to air weekly on Saturdays at 8:05 pm on NTA, the series will feature notable actors and explore themes of politics, ambition, and the country’s mineral resources. Dr. Alake stated that this initiative aligns with President Bola Tinubu’s Renewed Hope Agenda, emphasising the potential of solid minerals in fostering sustainable economic growth.

The unveiling of “Hidden Riches” is a strategic move by the Nigerian government to encourage investment and engagement in the mining sector, which holds significant promise for economic diversification. As part of broader economic reforms, this television series aims to educate the public about the opportunities within solid minerals, showcasing its potential to transform Nigeria’s economy and reduce dependence on oil revenues. The series intends to leverage popular media to impact public perception and policy.

The introduction of “Hidden Riches” represents a proactive approach by the Nigerian government to elevate the profile of the mining sector. By combining entertainment with educational elements, the series seeks to inform viewers about the opportunities within this vital industry. Hopefully, it will foster greater awareness and interest in Nigeria’s solid minerals, contributing to the country’s overall economic progress.

Original Source: newscentral.africa

The post Nigerian Government Premieres TV Series to Boost Mining Sector Awareness first appeared on Nigerian Mining News.

The Nigerian federal government will launch a television drama series entitled ‘Hidden Riches’ on January 25, 2025. Announced by the Minister of Solid Minerals Development, Dele Alake, the series aims to explore the intricate dynamics of Nigeria’s mining industry. It will focus on the potential economic transformation via mineral resources, addressing the interactions between miners, politicians, activists, and citizens. Directed by Bem Pever and Nwamaka Chikezie, the show will air weekly on NTA every Saturday from 8:05 pm to 8:30 pm. The narrative aims to inspire viewers to engage in building a more sustainable future through an understanding of their country’s mineral wealth.

This television series emerges as part of Nigeria’s broader initiative to diversify its economy beyond oil reliance. Mining presents significant potential for growth and development, which the government aims to capitalise on through storytelling that reveals the underlying complexities of the sector. By focusing on the relationships and conflicts within the mining community, the series intends to foster a deeper societal engagement with this critical industry.

‘Hidden Riches’ is positioned as a significant cultural project that blends entertainment with educational insights into Nigeria’s mining sector. Its weekly broadcasts aim to shine a light on both the challenges and opportunities present in mining, reflecting the government’s commitment to economic diversification and sustainable growth. By leveraging popular media, the initiative seeks to encourage public involvement in the sector’s development.

Original Source: www.thecable.ng

The post Nigerian Government to Launch ‘Hidden Riches’ TV Series on Mining first appeared on Nigerian Mining News.

A new TV drama series titled “Hidden Riches” will premiere on January 25, focusing on the complexities and potential of Nigeria’s mining industry. Initiated by the Ministry of Solid Minerals Development, the series features a talented cast, including Sydney Diala and Lara Owoeye-Wise. It aims to depict the interplay of politics, power, and ambition entwined with the country’s rich mineral resources, showcasing the challenges and opportunities faced by miners, activists, and everyday citizens. The series is expected to raise awareness about the opportunities within the solid minerals sector and encourage participation in sustainable economic growth.

The launch of “Hidden Riches” is part of the Nigerian government’s strategy to leverage its vast mineral wealth for economic development. By highlighting the intricacies of the mining sector, the series seeks to inform viewers of its potential to contribute to Nigeria’s economy sustainably. This initiative aligns with ongoing efforts to diversify the economy under President Tinubu’s Renewed Hope Agenda, emphasising solid minerals as a critical pathway for transformation and resource management.

“Hidden Riches” represents a significant cultural and educational initiative, aiming to inform not only about Nigeria’s mining issues but also about the economic benefits that can arise from responsible mining. By engaging a broad audience through storytelling, the series aspires to inspire participation in the industry and highlight its role in national development.

Original Source: leadership.ng

The post Nigeria’s Mining Sector Explored in New TV Series “Hidden Riches” first appeared on Nigerian Mining News.

The Nigerian federal government is launching a drama series focused on the mining sector, titled ‘Hidden Riches’, set to premiere on January 25, 2025. Minister of Solid Minerals Development, Dele Alake, described the series as an exploration of the complexities surrounding Nigeria’s mining industry, including its potential for economic transformation. Directed by Bem Pever and Nwamaka Chikezie, the show will air weekly on Saturdays at 8:05 pm on NTA’s Network Service.

The narrative follows the lives of miners, politicians, activists, and everyday Nigerians facing various challenges in tapping into the country’s mineral wealth. Alake emphasised that this initiative aligns with President Bola Tinubu’s strategy to diversify Nigeria’s economy and will foster public engagement towards a sustainable future. The series will feature actors such as Sydney Diala and Lara Owoeye-Wise.

Nigeria’s mining sector is seen as a vital area for economic growth and development, yet it remains untouched due to many complexities including political dynamics and resource management. The government’s initiative to produce a television series aims to raise awareness of these issues while highlighting the industry’s potential. Such projects may reflect broader economic goals, particularly in diversifying Nigeria’s economic base, reducing reliance on oil, and promoting resource management against the backdrop of ongoing challenges in the sector.

The premiere of ‘Hidden Riches’ serves as a strategic move by the Nigerian government to shine a light on the mining sector’s potential while encouraging civic engagement. By showcasing the intricate relationships and dynamics within the industry, the series aims to stimulate interest and discussion around the sustainable development of Nigeria’s mineral resources, fitting into the larger agenda of economic diversification under President Tinubu.

Original Source: lifestyle.thecable.ng

The post Nigerian Government to Launch ‘Hidden Riches’ Mining Drama Series first appeared on Nigerian Mining News.

In 2024, Nigeria faced a troubling series of mine collapses, which left many miners trapped and resulted in significant casualties. Key incidents occurred in Galkogo, Adamawa, and Plateau states, with at least 22 fatalities reported. The disasters have been primarily attributed to illegal and artisanal mining practices, which often disregard safety regulations and utilise outdated equipment. The Nigerian Minister of Solid Minerals Development, Dele Alake, indicated a lack of expertise among artisanal miners, calling for urgent reforms in the sector to enhance safety and attract investment. With President Bola Tinubu aiming for the mining sector to contribute significantly to the economy, stakeholders advocate for better regulation and compliance, training for miners, and robust emergency preparedness measures.

To mitigate future disasters, experts suggest enforcing stricter operational standards and ensuring adequate resources for regulatory bodies. The Minister has highlighted that local authorities need to increase monitoring of illegal mining activities. Encouraging cooperative formations among miners to gain legal status and access support will facilitate safer practices. However, rising poverty and out-of-school children in mining areas present ongoing challenges to safety and livelihoods. Continued efforts towards enhancing regulations, improving living conditions, and addressing illegal mining practices are critical for the sector’s sustainable growth.

The mining industry in Nigeria has been plagued by a series of safety incidents, primarily resulting from illegal mining activities that ignore essential safety practices and regulation. In 2024, the country saw several significant mine collapses, leading to fatalities and injuries among miners, highlighting the urgent need for reforms. Experts stress that improving the sector’s regulatory framework and providing proper training and resources for miners is essential for preventing further tragedies. Additionally, the government aims to revitalise this sector to make a substantial contribution to the national economy.

The recent mine collapses in Nigeria underscore the urgent need for comprehensive reforms in the mining sector. Addressing illegal mining practices, enhancing safety regulations, and investing in regulatory bodies are essential steps for protecting miners. Stakeholders also highlight the significance of improving socio-economic conditions to reduce reliance on dangerous mining jobs. With continued governmental focus and cooperative efforts from miners, there is potential for a safer and more sustainable mining industry in Nigeria.

Original Source: blueprint.ng

The post Addressing Nigeria’s Mine Collapse Crisis: Urgent Reforms Needed first appeared on Nigerian Mining News.