INTERNATIONAL COLLABORATION - Nigerian Mining News https://nigeriamining.today Thu, 06 Feb 2025 06:56:53 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.5 https://nigeriamining.today/wp-content/uploads/2023/10/Screenshot-2023-10-31-at-19.14.10-150x150.png INTERNATIONAL COLLABORATION - Nigerian Mining News https://nigeriamining.today 32 32 Foreign Investors Target Nigeria’s Lithium Wealth Amidst Rising Demand https://nigeriamining.today/2025/02/06/foreign-investors-target-nigerias-lithium-wealth-amidst-rising-demand/ Thu, 06 Feb 2025 06:56:49 +0000 https://nigeriamining.today/2025/02/06/foreign-investors-target-nigerias-lithium-wealth-amidst-rising-demand/ Nigeria’s lithium mining, particularly in Nasarawa, attracts foreign investors amid global demand. Many miners work […]

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Nigeria’s lithium mining, particularly in Nasarawa, attracts foreign investors amid global demand. Many miners work in artisanal, often illegal, conditions. The government aims to regulate the industry and attract investment, notably from Chinese companies, amidst concerns of environmental risks and local conflicts. The future of this sector depends on sustainable practices and improved regulation.

Abdullahi Ibrahim Danjija, a 31-year-old miner in Nasarawa, Nigeria, earns N150,000 ($100) daily from artisanal lithium mining, double the monthly minimum wage. Many miners are attracted to this opportunity due to the increasing global demand for lithium, essential for electric batteries and mobile phones. Despite the allure, much of Nigeria’s mining is small-scale and often illegal, with minimal safety or environmental standards enforced.

At the Gidan Kwano site, some miners avoided media attention, as they operated without legal permits. Nearby, families were seen using explosives to expand their mining operations. Artisanal work thrives, with children and women participating eagerly, providing a means of livelihood as they dig and sell lithium-rich rocks, which costs them only their labour.

China remains the leading consumer of lithium and imports significant quantities while Nigeria aims to attract foreign investment as it promotes its lithium resources. Despite campaigns against illegal mining, the sector is booming. New regulations may require foreign firms to establish processing plants locally, a move that could deter investment from large players like Elon Musk.

Chinese companies have established local operations to refine lithium, even as concerns about inadequate exploration and site verification linger. The Geological Society of Nigeria highlights the need for better regulation and sustainable practices within the mining sector, pointing out that some Chinese miners operate unsafely.

However, artisanal mining can also lead to local conflicts over resource access. Analyst Charles Asiegbu explains that disputes can arise both between communities and with exploration firms. Additionally, armed groups exploit the weak governmental presence in certain regions to conduct illegal extractions while local miners like Danjija continue their hazardous work without respite, even in adverse weather conditions.

The rising global demand for lithium, crucial for electric batteries and mobile gadgets, has drawn interest from miners in Nigeria, particularly in Nasarawa. This interest has spurred artisanal mining, which, though potentially lucrative, often operates illegally without permits or adherence to safety regulations. The Nigerian government is keen to attract foreign investment in this resource sector, but challenges such as illegal mining and civil conflicts complicate efforts.

The burgeoning interest in Nigeria’s lithium reserves highlights both the potential for economic growth and the risks of unregulated artisanal mining. With China as a major player in lithium processing, Nigeria seeks to establish a regulated framework to ensure local benefit from its resources while addressing environmental and community challenges associated with mining operations.

Original Source: punchng.com

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Transforming Nigeria’s Mining Sector: Progress Under Tinubu’s Administration https://nigeriamining.today/2025/01/08/transforming-nigerias-mining-sector-progress-under-tinubus-administration/ Wed, 08 Jan 2025 21:36:14 +0000 https://nigeriamining.today/2025/01/08/transforming-nigerias-mining-sector-progress-under-tinubus-administration/ President Bola Tinubu’s administration aims to transform Nigeria’s mining sector by revitalising operations, curbing illegal […]

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President Bola Tinubu’s administration aims to transform Nigeria’s mining sector by revitalising operations, curbing illegal mining, and promoting value addition. The government has implemented new policies to enhance economic contributions and attract foreign investments. Recent progress includes security measures, cooperative programmes, and infrastructure improvements, while ongoing challenges remain.

Since President Bola Tinubu took office on May 29, 2023, significant efforts have been made to enhance Nigeria’s mining sector as part of his wider strategy to diversify the economy. Acknowledging Nigeria’s wealth in critical minerals vital for global energy transition, Tinubu’s administration faces the challenge that despite possessing 44 commercially viable minerals, the sector has historically underperformed in contributing to GDP.

Minister of Solid Minerals Development, Dele Alake, declared a state of emergency upon his appointment. He linked illegal mining operations to funding for banditry, hampering revenue potential. In response, the government implemented a combination of law enforcement and cooperative incentives. A dedicated security unit known as the Mining Marshals was created to ensure protection and legality in mining activities, resulting in the arrest of over 300 illegal miners. Additionally, 250 cooperatives were initiated to formalise artisanal miners’ operations.

Key policies introduced include the Value Addition Policy, designed to require mining companies to present value-adding initiatives before obtaining licences. This is supported by the inauguration of a state-of-the-art laboratory for geochemical analysis, intended to improve exploration initiatives. Recent developments include a lithium processing laboratory and a tin processing plant, signalling progress in mineral processing capabilities.

July 2024 saw the introduction of increased rates and charges for mining activities, aimed at enhancing the sector’s economic contribution and improving infrastructure. The revocation of 924 dormant mining licences aims to clean the industry and boost foreign investment. While NAITI reports GDP contributions increased from N1.66 trillion in 2022 to N1.76 trillion in 2023, there is consensus that further improvements depend on addressing state interference and over-regulation.

The government’s decision to lift the mining exploration ban in Zamfara is also seen as a step towards revenue recovery. Stakeholders advocate for mandatory local content usage in oil and gas industries to enhance national revenue further. Upcoming mining conferences underline the need for technological advancements and collaborative efforts to reinforce the sector’s growth.

While optimism surrounds Tinubu’s reforms, stakeholders emphasise the importance of consistent and actionable policies in achieving sustainable progress. The minister mentioned plans for further reforms in 2025 to build on 2024’s achievements.

Nigeria’s mining sector, endowed with 44 commercially viable minerals, has historically played a minimal role in national GDP despite its potential. President Bola Tinubu’s administration has initiated efforts to revitalise the sector, focusing on addressing illegal mining’s impact on security and economic performance. This sector transformation aims to pivot Nigeria’s economy away from a mono-cultural reliance on oil, leveraging solid minerals for sustainable growth and stability.

The revitalisation of Nigeria’s mining sector under President Tinubu aims to elevate its economic contribution by addressing illegal activities and promoting value addition. Key strategies involve both coercive measures to enforce legality and initiatives to formalise artisanal operations. Despite initial progress reflected in GDP growth, overcoming structural challenges and ensuring effective policy implementation will be crucial for long-term success and development in the sector.

Original Source: nannews.ng

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Nigeria Opens First Mineral Analysis Laboratory to Boost Mining Sector https://nigeriamining.today/2024/12/20/nigeria-opens-first-mineral-analysis-laboratory-to-boost-mining-sector/ Fri, 20 Dec 2024 07:49:23 +0000 https://nigeriamining.today/2024/12/20/nigeria-opens-first-mineral-analysis-laboratory-to-boost-mining-sector/ The Tinubu Stakeholders Forum has praised the inauguration of Nigeria’s first mineral analysis laboratory in […]

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The Tinubu Stakeholders Forum has praised the inauguration of Nigeria’s first mineral analysis laboratory in Sabon-Wuse, Niger. They believe this facility, a collaboration between the Federal Government and ANRML, marks a crucial step toward eliminating the need for overseas mineral testing and enhancing local capacity in the mining sector. Minister Dr. Dele Alake’s leadership is credited for fostering this significant development.

The Tinubu Stakeholders Forum (TSF) has applauded the opening of Nigeria’s first mineral analysis laboratory located in Sabon-Wuse, Niger. In a statement, TSF leadership expressed that this initiative marks a significant milestones for the country’s mining sector, aligning with President Bola Tinubu’s Renewed Hope Agenda. The laboratory aims to eliminate the need for overseas mineral testing and enhances local value addition in the mining industry.

TSF highlighted that the facility, backed by the Federal Government and African Natural Resources and Mines Ltd., is equipped with advanced WDXRF technology, offering extensive geochemical services to bolster Nigeria’s global competitiveness in mining. The group commended Minister of Solid Minerals Development, Dr. Dele Alake, for his leadership in achieving this development, which promises to create jobs and foster private sector investment.

TSF urged mining stakeholders to take full advantage of this new facility, believing it would stimulate sustainable growth and enhance investor confidence within the sector, thereby overcoming operational challenges faced by mining companies.

The establishment of Nigeria’s first mineral analysis laboratory signifies a major advancement in the country’s mining sector, aiming to facilitate local mineral testing and reduce reliance on international services. This facility, part of the Federal Government’s commitment to developing the country’s natural resources, supports a broader agenda to reinforce Nigeria’s status in the global mining landscape. With its state-of-the-art technology, the laboratory intends to enhance the efficiency and efficacy of geochemical analyses necessary for mineral exploration and extraction.

The inauguration of Nigeria’s first mineral analysis laboratory is a pivotal development for the mining sector, promoting local testing and value addition. TSF believes that this facility will not only generate jobs and attract investments but also position Nigeria as an influential player in the global mining arena. Stakeholders are encouraged to collaborate with the government to maximise the potential of this resource.

Original Source: nannews.ng

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Dele Alake Inaugurates Nigeria’s First Mineral Analysis Laboratory in Niger https://nigeriamining.today/2024/12/13/dele-alake-inaugurates-nigerias-first-mineral-analysis-laboratory-in-niger/ Fri, 13 Dec 2024 14:42:31 +0000 https://nigeriamining.today/2024/12/13/dele-alake-inaugurates-nigerias-first-mineral-analysis-laboratory-in-niger/ Dele Alake inaugurated an ultra-modern mineral analysis lab in Niger, aiming to reduce reliance on […]

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Dele Alake inaugurated an ultra-modern mineral analysis lab in Niger, aiming to reduce reliance on foreign facilities and promote local value addition in the mining sector. The lab, owned by ANRML, positions Nigeria as a key player in global mineral testing and is the first of its kind in the country.

Dele Alake, the Minister of Solid Minerals Development, has inaugurated a state-of-the-art mineral analysis laboratory operated by African Natural Resources and Mines Limited (ANRML) in Sabon-Wuse, Niger State. He highlighted the lab as a crucial asset for enhancing local value addition in Nigeria’s mining sector and reducing dependency on foreign testing facilities. Alake affirmed the lab’s alignment with the ministry’s seven-point agenda, aiming to reposition the sector and boost local capabilities in mineral testing.

The ANRML laboratory is claimed to be the first of its kind in Nigeria and is equipped to handle mineral samples that would have otherwise been sent abroad. Alake emphasized the significance of this development in establishing Nigeria as a pivotal player in the global arena of mineral analysis. He praised ANRML’s efforts and encouraged further investment in the mining sector, which aligns with President’s Renewed Hope Agenda.

Alok Gupta, the Group Managing Director of ANRML, expressed gratitude for the lab’s inauguration, reaffirming the company’s commitment to revolutionising Nigeria’s mining industry. He announced that the lab, employing advanced technology, is certified with ISO 7025 from the Canadian Association of Laboratory Abbreviations, marking it as the only such facility in Nigeria.

The establishment of local laboratories for mineral analysis is crucial for Nigeria’s mining sector, aiming to improve the efficiency and reliability of mineral testing. Current practices often necessitate sending samples abroad for testing services, which can be costly and time-consuming. The new lab strengthens Nigeria’s infrastructure within the mining industry and promotes local economic development through value addition and job creation. This initiative is part of a broader strategy to enhance the mining sector and empower the youth by creating employment opportunities.

The inauguration of the new mineral analysis laboratory in Niger represents a significant advancement for Nigeria’s mining sector. It not only facilitates local testing of minerals but also contributes to the government’s agenda of fostering economic growth through enhanced local capabilities. As the only ISO-certified laboratory in Nigeria, it positions the country as a noteworthy participant in the international mineral analysis market, encouraging further investment in the mining industry and opening avenues for youth employment.

Original Source: www.thecable.ng

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SROL Hosts Key Stakeholders to Strengthen Gold Mining Leadership in Nigeria https://nigeriamining.today/2024/12/04/srol-hosts-key-stakeholders-to-strengthen-gold-mining-leadership-in-nigeria/ Wed, 04 Dec 2024 06:35:29 +0000 https://nigeriamining.today/2024/12/04/srol-hosts-key-stakeholders-to-strengthen-gold-mining-leadership-in-nigeria/ SROL hosted a Stakeholder Reception in Abuja to reinforce its leadership in the gold mining […]

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SROL hosted a Stakeholder Reception in Abuja to reinforce its leadership in the gold mining sector, inviting key industry figures to celebrate its achievements and discuss responsible mining practices. The company highlighted its community initiatives and commitment to environmental, social, and governance principles, receiving accolades for its contributions to non-oil exports and national development.

Segilola Resources Operating Limited (SROL), a subsidiary of Thor Explorations Ltd, engaged stakeholders in the gold mining sector to reinforce its leadership in the industry. On November 19, 2024, SROL held a Stakeholder Reception in Abuja, gathering key players from various organisations, including the Minister of Industry, Trade, and Investment, Jumoke Oduwole. The reception followed SROL’s participation as a Diamond Sponsor at Nigeria Mining Week.

During the event, Chris Omo-Osagie, Thor’s Chief Financial Officer, highlighted the company’s achievements, such as being named one of Nigeria’s Top 10 Non-Oil Exporters and receiving the Responsible Resourcing Award for Labour. “These achievements underscore our dedication to innovation, sustainability, and community impact,” he stated. SROL Country Manager Austin Menegbo reiterated the company’s commitment to environmental, social, and governance principles, noting that responsible mining is central to its operations.

Oduwole commended SROL’s vital role in Nigeria’s economic diversification, highlighting the importance of non-oil exports. SROL also received recognition as a Presidential Enabling Business Environment Council Export Champion for its dedication to national development. During a panel discussion, SROL showcased its community initiatives, including healthcare provision and educational support, reaching nearly 2,000 individuals through their medical outreach this month.

Menegbo concluded by emphasizing SROL’s commitment to responsible mining practices in Nigeria. The company expressed gratitude to its stakeholders and reaffirmed its goal to drive progress in the mining sector.

Segilola Resources Operating Limited aims to establish itself at the forefront of Nigeria’s gold mining industry while promoting responsible mining and community development. By engaging stakeholders and demonstrating its commitment to social initiatives, SROL seeks to balance profitability with community welfare and environmentally sustainable practices. This event reflects broader trends within the industry where collaboration and accountability are increasingly important.

SROL has made significant strides in establishing itself as a leader in responsible gold mining in Nigeria. Through strategic stakeholder engagement, recognition of outstanding achievements, and community support initiatives, the company demonstrates its commitment to sustainable practices and economic diversification in the country. SROL’s proactive approach sets a benchmark for others in the industry to follow, reinforcing the importance of corporate responsibility in mining operations.

Original Source: punchng.com

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Nigerian Government Arrests 300 Illegal Miners to Revitalise Mining Sector https://nigeriamining.today/2024/11/15/nigerian-government-arrests-300-illegal-miners-to-revitalise-mining-sector/ Fri, 15 Nov 2024 15:25:36 +0000 https://nigeriamining.today/2024/11/15/nigerian-government-arrests-300-illegal-miners-to-revitalise-mining-sector/ The Nigerian government, led by Minister Dele Alake, has arrested 300 illegal miners in a […]

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The Nigerian government, led by Minister Dele Alake, has arrested 300 illegal miners in a bid to strengthen the mining sector. This initiative is supported by a comprehensive security strategy and aims to establish Nigeria as a global mineral hub, attracting international investors and promoting economic growth.

The Nigerian government has arrested 300 illegal miners as part of efforts to revamp the mining sector, according to Dele Alake, Minister of Solid Minerals Development. During a recent briefing with the House Committee on Solid Minerals, he highlighted a comprehensive 7-point agenda aimed at securing mining operations and reducing illegal activities. This initiative is supported by President Bola Tinubu and includes the deployment of over 2,000 trained mine marshals to enhance site protection. Alake stated that the renewed security framework is crucial for addressing the longstanding issues caused by illegal mining, which threaten both local communities and Nigeria’s reputation. The arrest of nearly 300 illegal operators, including foreign nationals, indicates a significant decline in unauthorized mining across the nation. Furthermore, he shared the vision of establishing Nigeria as a leading global mineral hub, emphasising successful outreach efforts that have attracted the attention of international investors. Alake expressed appreciation for the collaboration with legislative and other key partners, asserting that these efforts are laying a strong foundation for the mining sector’s future.

In recent years, Nigeria’s mining sector has faced numerous challenges due to illegal mining activities that undermined its potential. The Nigerian government has initiated measures to address these issues through enhanced security and strategic partnerships. This effort is part of a broader plan to revitalise the industry, which is seen as a critical driver for economic growth and stability. The active involvement of various ministries and legislative support highlights the commitment to transforming Nigeria into a significant player in the global mineral market.

The government’s recent crackdown on illegal mining is a pivotal step towards revitalising Nigeria’s mining sector. With 300 arrests and the deployment of trained marshals, the initiative aims to secure mining operations against unlawful activities. By positioning Nigeria as a global mineral hub, the government seeks to attract international investors while ensuring the stability of local communities and enhancing the country’s economic prospects.

Original Source: dailypost.ng

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Nigerian Government Targets Illegal Miners to Strengthen Mining Sector https://nigeriamining.today/2024/11/15/nigerian-government-targets-illegal-miners-to-strengthen-mining-sector/ Fri, 15 Nov 2024 09:24:49 +0000 https://nigeriamining.today/2024/11/15/nigerian-government-targets-illegal-miners-to-strengthen-mining-sector/ The Nigerian Federal Government arrested 300 illegal miners to enhance the security and integrity of […]

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The Nigerian Federal Government arrested 300 illegal miners to enhance the security and integrity of its mining sector. Minister Dele Alake outlined a 7-point agenda aimed at reducing unauthorized mining and attracting international investments to position Nigeria as a global mineral hub. This initiative is supported by increased security measures and cooperation with legislative authorities.

The Nigerian Federal Government, under Minister Dele Alake, has arrested 300 illegal miners as part of efforts to revitalise the country’s mining sector. This announcement was made during a briefing for the House Committee on Solid Minerals in Abuja. Alake highlighted a 7-point agenda focusing on security and the reduction of illegal mining activities, which have long jeopardised local communities and Nigeria’s international reputation. He attributed the arrests to a strengthened security framework involving over 2,000 trained mine marshals deployed across the nation. While discussing the future of the mining sector, Alake mentioned outreach initiatives aimed at attracting international investments to position Nigeria as a global mineral hub. He expressed appreciation for legislative support, stating these combined efforts are crucial for building a resilient mining sector in Nigeria. The minister’s strategy indicates a concerted effort to protect mining sites, enhance security, and invite reliable partnerships with investors as part of a broader vision for economic growth.

Nigeria has substantial mineral wealth but faces challenges related to illegal mining that threatens both economic development and community safety. The government aims to tighten regulations and boost investments in the mining sector, which has been seen as key for economic growth. Recent actions, including the arrests of illegal miners, reflect efforts directed towards securing mining regions and attracting reputable investors to transform the industry. Minister Alake’s administration is focused on creating a more stable and secure environment for mining operations, essential for maximizing the sector’s potential.

In summary, the Nigerian government’s recent actions to arrest 300 illegal miners reflect its commitment to enhancing security in the mining sector. With a comprehensive plan in place and strong legislative support, Nigeria aims to become a leading player in the global minerals market, ensuring investor confidence and sustainable economic growth. Such efforts are crucial in addressing illegal mining activities that have hindered development.

Original Source: dailypost.ng

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