The Nigerian Government has lifted the ban on mining exploration in Zamfara State, which had been in place for over five years due to security concerns. Minister of Solid Minerals Development, Dele Alake, announced this decision following significant improvements in the local security situation. The previous ban, enacted in 2019, was a response to the rising connection between banditry and illegal mining, leading to a significant security crisis in the state.

Alake disclosed that comprehensive assessments by President Bola Tinubu and the National Security Adviser confirmed the enhanced safety in the region, making a return to mining viable. He highlighted Zamfara’s rich resources like gold, lithium, and copper as essential for Nigeria’s economic development. The initial ban aimed to address severe security threats but inadvertently created space for illegal mining activities.

The minister praised the Tinubu government for its effective security strategies, which have notably reduced insecurity, including the successful capture of notorious bandit leader Halilu Sububu. With the ban’s removal, the government intends to better regulate mining operations, combat illegal operations, and ensure that Nigeria derives full benefit from its mineral wealth.

Alake also acknowledged the critical role the media plays in advancing mining sector reforms and attracting investments. Additionally, he clarified that a recent Memorandum of Understanding with France focuses on training and capacity building for mining professionals, not on ceding control over Nigeria’s resources. He called on the media to continue dispelling misinformation surrounding this initiative.

Future plans for 2025 include further policy initiatives to boost the mining industry, enhance investments, and ensure sustainable growth of the sector, aiming for revitalisation and increased contributions to Nigeria’s economy.

The lifting of the mining ban in Zamfara is significant as the state has faced severe security issues linked to illegal mining operations. This ban was initially implemented due to escalating violence and criminality in the region. With improved security, the government aims to enhance the mining sector’s potential to contribute economically while regulating operations to prevent illegal mining and resource depletion.

The Nigerian Government’s decision to end the mining exploration ban in Zamfara reflects improved security. This move aims to regulate mining more effectively while revitalising the local economy through its rich mineral resources. The government, backed by security improvements and media support, is focused on sustainable growth in the mining sector for the future.

Original Source: www.tv360nigeria.com

The post Nigerian Government Resumes Mining Exploration in Zamfara After Security Improvements first appeared on Nigerian Mining News.

Zimbabwe is set to increase its involvement in the mining sector by establishing a 26% free carry interest in new mining ventures. The government aims to negotiate similar stakes with existing operators, reflecting a broader trend among African nations to assert control over their mineral resources. This strategy aligns with Zimbabwe’s efforts to enhance economic benefits from its rich mineral deposits.

The push for higher ownership stakes in the mining industry is part of a growing movement among African countries. Many nations are seeking to renegotiate the terms of mining agreements to ensure that local economies benefit more significantly from their natural resources. Zimbabwe’s initiative illustrates its commitment to gaining a larger share of profits from its mineral wealth, which has historically been extracted by foreign companies with minimal local involvement.

Zimbabwe’s move to secure a 26% stake in new mining projects highlights its determination to increase local ownership and control over natural resources. This initiative is part of a wider trend in Africa where countries are striving for enhanced economic advantages from their mineral wealth.

Original Source: northernminer.com

The post Zimbabwe Aims for Increased Ownership in Mining Projects first appeared on Nigerian Mining News.