Nigeria and Saudi Arabia are collaborating to enhance their geological agencies by utilising Saudi advances in mineral exploration. Discussions commenced at the Future Minerals Forum in Riyadh, led by Nigeria’s Minister of Solid Minerals Development, Dele Alake, advocating for partnerships centred on the mining sector’s value chain.

Alake highlighted that Nigeria’s gold refineries could access the Saudi gold market, supported by protective clauses to ensure mutual benefits and economic growth for both nations. Saudi Arabia’s mining minister, Bandar Al-Khorayef, confirmed that the government and the private sector are jointly pursuing innovative technologies for mineral exploration, which will also aid other countries.

The renewed mining partnership between Nigeria and Saudi Arabia seeks to capitalise on both nations’ strengths within the minerals sector. Nigeria, rich in mineral resources, looks to improve its mining practices by learning from Saudi Arabia’s successful gold market. The Future Minerals Forum served as an ideal venue for initiating these discussions, aimed at bolstering economic cooperation in mineral exploration.

The collaboration between Nigeria and Saudi Arabia in the mining sector is poised to enhance mutual economic growth. By leveraging Saudi Arabia’s advancements in mineral exploration, both countries can benefit from shared resources and technologies. This partnership highlights the importance of international cooperation in developing the mining industry.

Original Source: nta.ng

The post Nigeria and Saudi Arabia Strengthen Collaboration on Mining Projects first appeared on Nigerian Mining News.

Nigeria and France have strengthened their partnership in the mining sector by committing to upgrading Nigeria’s geological infrastructure and enhancing technology transfer. The commitments made include upgrading Nigeria’s geological laboratories, providing advanced equipment, and funding geological data exploration for the Nigerian Geological Survey Agency.

During a meeting at the Future Minerals Forum in Riyadh, both countries discussed strategies to improve Nigeria’s geological infrastructure and promote sustainable mining practices. Minister of Solid Minerals Development, Dr Dele Alake, and France’s Interministerial Delegate for Strategic Minerals, Benjamin Gallezot, led the discussions.

This collaboration follows an earlier memorandum of understanding established during President Bola Tinubu’s visit to France, aimed at promoting critical minerals and diversifying the value chain. Both nations also agreed to share information on mining laws to combat illegal mining and facilitate collaboration.

Gallezot revealed that French companies are being screened for potential investments in Nigeria’s mining sector, with plans to present credible investors to the Nigerian Ministry of Solid Minerals Development. Alake praised Gallezot’s efforts in finalising the MoU and highlighted the need for policies to solidify cooperation.

Key focus areas included sustainable mining practices, artisanal mining, geological exploration, and funding. Professor Olusegun Ige of the NGSA stressed the importance of modern technological equipment for effective exploration.

Training and skills transfer were emphasised, with the aim to develop local expertise aligned with international standards. Simon Nkom from the Nigerian Mining Cadastral Office underscored the need to review mining laws and enhance collaborative practices between Nigeria and France.

Hajiya Fatima Shinkafi proposed co-funding opportunities for early-stage exploration projects in collaboration with French financial institutions. Christophe Poinssot from the French geological agency confirmed Nigeria would benefit from capacity-building funding for geologists, along with laboratory upgrades to meet international standards.

Gallezot concluded that the proposals discussed will be forwarded to respective governments for evaluation and execution planning, with joint exploration initiatives on specific minerals expected to strengthen the data database. Both parties agreed to review progress at the upcoming annual Indaba in Cape Town.

The strengthening of mining ties between Nigeria and France reflects a commitment to enhance the mining sector’s efficiency and sustainability. Both nations are working towards improving geological infrastructure and sharing expertise to bolster investments in Nigeria’s mining industry. This collaboration follows a memorandum of understanding aimed at diversifying and promoting critical minerals, crucial for both countries’ economic development and sustainability efforts.

The commitments made between Nigeria and France mark a significant step in enhancing the mining sector. By investing in geological infrastructure and promoting knowledge exchange, both countries aim to leverage their resources efficiently. The continued collaboration will likely lead to improved mining practices and sustainable development in Nigeria’s mineral-rich areas.

Original Source: punchng.com

The post Nigeria and France Enhance Mining Cooperation with New Commitments first appeared on Nigerian Mining News.

Nigeria and France have bolstered their partnership in the mining sector with a recent Memorandum of Understanding (MoU) signed last month in Paris. During discussions at the Future Minerals Forum in Riyadh, both countries outlined plans to enhance Nigeria’s geological framework, facilitate technology transfers, and promote sustainable practices in mining.

Dr. Dele Alake, Nigeria’s Minister of Solid Minerals Development, and Benjamin Gallezot, France’s Interministerial Delegate for Strategic Minerals, led their teams in talks to align policies, share expertise, and enhance investment opportunities in Nigeria’s mining landscape.

A statement from Hon. Kehinde Bamigbetan revealed France’s commitment to providing advanced technological support, funding for geological data exploration, and upgrading the Nigerian Geological Survey Agency’s laboratory to meet international standards.

Dr. Alake acknowledged Gallezot’s efforts in advancing the Completion of the MoU during a prior meeting between Nigerian President Bola Tinubu and French President Emmanuel Macron, expressing optimism for tangible outcomes in geological exploration and mining reforms.

Gallezot announced that his department is compiling a list of vetted French firms interested in investment opportunities in Nigeria, which will be sent to Nigeria’s Ministry of Solid Minerals Development shortly.

Christophe Poinssot from France’s BRGM noted that Nigeria would receive dedicated funding to enhance geological capacity in Africa, including upgrading local laboratories and training programs.

Professor Olusegun Ige from the NGSA highlighted the urgency for modern equipment to boost mineral exploration in Nigeria, advocating for international partnerships to facilitate skill and knowledge transfer.

Engineer Simon Nkom, from the Nigerian Mining Cadastral Office, urged for a comparative review of mining regulations between Nigeria and France to identify best practices. He also invited French investors to seize opportunities from the MoU.

Hajiya Fatima Shinkafi from the Nigerian Solid Minerals Development Fund suggested collaborative funding for early exploration initiatives with French banks, noting previous successful partnerships with the Africa Finance Corporation.

The parties agreed to foster collaborative geological exploration and database development, with Gallezot indicating that proposals would be reviewed by the French government before finalising strategies at the upcoming Mining Indaba in Cape Town.

This renewed collaboration between Nigeria and France aims to enhance investments, build capacities, and exploit Nigeria’s mineral wealth, positioning the mining sector as a key player in Nigeria’s economic diversification.

The recent partnership between Nigeria and France aims to enhance the capabilities of Nigeria’s mining sector through a MoU. By attending the Future Minerals Forum, officials from both nations focus on sustainable mining practices, technology transfers, and geological capacity-building initiatives. This collaboration seeks to attract French investment into Nigeria’s resource-rich areas, promoting job creation and economic growth.

The collaboration between Nigeria and France in the mining sector represents a strategic move to enhance geological infrastructure and attract investment. The MoU lays the groundwork for advanced technological support, sustainable practices, and international partnerships that will bolster Nigeria’s mining framework and realise its mineral potential.

Original Source: tribuneonlineng.com

The post Nigeria and France Enhance Mining Sector Collaboration Through MoU first appeared on Nigerian Mining News.

The Federal Government of Nigeria is actively pursuing global mining partnerships to enhance the country’s economy. This commitment was highlighted in a recent statement by Mr. Mohammed Manga from the Ministry of Finance, following Dr. Doris Uzoka-Anite’s presentation at the Future Minerals Forum in Riyadh. She stressed Nigeria’s resource wealth and the government’s eagerness to collaborate internationally to stimulate growth and promote investment in the minerals and energy sectors.

Dr. Uzoka-Anite invited global investors, pointing to Nigeria’s rich resource base and focus on sustainability and innovation as a means to position the country as a leader in the global mining landscape. She underscored that establishing strong partnerships could enhance Nigeria’s economic position and attract considerable investments. This effort aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda for growth in mining and energy.

Participation in the Future Minerals Forum underlines Nigeria’s commitment to attract foreign investments while promoting sustainable practices in mining. However, the Nigeria Mining Cadastre Office disclosed that less than 1,000 of the approximately 7,000 issued mining licenses are active. Despite generating considerable revenue, the NMCO faces funding challenges that impede its operations, including inadequate capital budgets for mining.

Minister Dr. Dele Alake voiced concerns over the scant N9 billion allocated in the 2025 capital budget for mining. While past reforms successfully created 45,000 jobs and increased revenue significantly, he warns that such limited funding may obstruct further exploration investments. The ministry initially proposed over N531 billion for capital expenditure but received only a fraction of that amount.

The article discusses Nigeria’s strategy to strengthen its economy through global mining partnerships. It highlights the government’s commitment to leverage the nation’s vast mineral resources, attract international investment, and drive innovative practices within the mining sector. The engagement at the Future Minerals Forum showcases Nigeria’s intent to enhance its position in the global minerals landscape and reflects ongoing challenges in funding and operational capacity within the mining sector.

The Nigerian government is keen on fostering global mining partnerships to invigorate its economy, with emphasis on sustainable practices and significant foreign investment. Despite generating substantial revenue, the mining sector faces operational challenges due to inadequate budget allocations. The participation in the Future Minerals Forum positions Nigeria strategically to engage potential investors while addressing existing funding concerns remains critical for unlocking the country’s mining potential.

Original Source: nairametrics.com

The post Nigeria Pursues Global Mining Partnerships to Enhance Economic Growth first appeared on Nigerian Mining News.

The Nigerian Federal Government aims to rejuvenate the economy through global mining partnerships. Minister of State Finance, Dr. Doris Uzoka-Anite, represented Nigeria at the Future Minerals Forum (FMF) in Riyadh, highlighting the country’s rich resource wealth and readiness for collaboration with investors. She stated, “With our rich resource base and a renewed focus on innovation, sustainability, and investment, we are positioning Nigeria as a leader in the global minerals and energy landscape.’

Uzoka-Anite, accompanied by Minister of Solid Minerals, Mr. Dele Alake, showcased Nigeria’s openness to business at the FMF. The forum attracted over 14,000 participants from 178 countries, allowing Nigeria to present its resource potential to the global community. This initiative aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda to stimulate economic growth through strategic partnerships.

Manga reported that the FMF has been pivotal for Nigeria in promoting economic advancement via mining collaborations. The Minister had discussions with Saudi officials and industry leaders, presenting Nigeria’s mining sector as an attractive investment destination. A joint session with the Saudi Ministry of Energy explored partnership opportunities in energy and mining, reinforcing Nigeria’s appeal as a preferred partner.

These engagements are aimed at strengthening economic ties between Nigeria and Saudi Arabia while highlighting Nigeria’s untapped resource potential. The Federal Government is committed to fostering partnerships that drive investment and innovation in the mining sector, welcoming global investors to explore these opportunities.

The article discusses Nigeria’s efforts to enhance its economy through international mining partnerships. It illustrates the government’s active participation in global forums to attract investments. The emphasis is on collaboration, resource management, and solidifying Nigeria’s position as a leader in mining and energy sectors, reflecting a strategic approach to economic revitalization.

The Nigerian government is prioritising global partnerships in mining to stimulate economic growth, backed by the participation of top officials at international forums. Efforts to showcase Nigeria’s resources are coupled with a commitment to innovation and sustainability, inviting international investors to explore and invest in the country’s mining sector. This approach is part of a broader initiative to enhance economic prospects through collaborative efforts.

Original Source: tribuneonlineng.com

The post Nigeria Pursues Global Mining Partnerships to Revitalise Economy first appeared on Nigerian Mining News.