In Plateau State, illicit tin mining thrives as individuals like Emma Kago profit without legal oversight. Kago’s operation employs seven workers and functions without a mining licence, claiming regulatory authorities chiefly target foreign miners. Artisanal miners extract tin, which is then sold through numerous informal “tin sheds” that avoid tracking their sources, circumventing Nigeria’s mining regulations, and depriving the government of revenue. Despite a surge in tin production, which now feeds into renewable energy demands, Nigeria’s solid mineral sector contributes marginally to the GDP, highlighting an endemic issue of illegal mining and inadequate regulation. Experts stress that while the miners earn, the bulk of the profits predominantly benefits larger traders and exporters, leaving artisanal miners undercompensated. With billions lost annually to illegal activities, systemic reform is necessary for any substantial economic benefit from these resources.

Tin mining in Plateau State, Nigeria, has a storied history dating back to colonial times, once contributing significantly to global supply. Despite a rise in demand due to the transition to renewable energy, illegal mining dominates due to a lack of stringent regulations and oversight. This has created a parallel market where only a fraction of the profits benefits the state, with most resources siphoned away by unregulated traders. The government attempts to address this with initiatives and regulations, but their implementation has been largely ineffective, leading to significant revenue losses.

The ongoing illicit tin mining in Plateau State illustrates a deep-rooted issue of unregulated practices undermining national revenue. While there is high demand globally—and profitability for some local miners—most financial gains concentrate in the hands of larger traders and exporters. For Nigeria to effectively harness its mineral wealth, there need to be stronger enforcement of regulations and a reform in how mineral resources are managed in the region.

Original Source: www.premiumtimesng.com

The post Illicit Tin Mining in Plateau State: Profitable Yet Unregulated first appeared on Nigerian Mining News.

The ongoing conflict between the Osun State Government (OSG) and Segilola Resources Operating Limited (SROL) highlights serious concerns regarding the misuse of state power. Despite SROL’s achievements in establishing Nigeria’s first commercial gold mine and contributing to the economy, the OSG has launched unfounded public accusations that jeopardise SROL’s reputation and investor confidence. Key tactics employed include manipulating the judiciary, misusing media to spread misinformation, and failing to engage in constructive dialogues regarding tax disputes. The OSG’s actions have raised eyebrows, particularly regarding their use of a magistrate court for complex corporate disputes, highlighting a departure from standard legal practices. The accusations of tax evasion and environmental degradation against SROL lack credible backing and distract from valid concerns within the broader mining context. Moreover, the contradictory claims about OSG’s shareholding in SROL further illustrate a troubling trend of undermining profitable ventures that could benefit Osun State’s economy. The intercession of the Federal Government establishes an urgent need for mediating the OSG-SROL conflict; however, the OSG persists with new allegations, raising doubts about their integrity. This ongoing saga poses a risk not only to SROL’s future but also to Nigeria’s potential as a key player in the global mining market, necessitating a shift in OSG’s approach to foster long-term economic stability and attract foreign investment.

Nigeria is richly endowed with over 44 types of solid minerals that could significantly enhance economic growth if managed responsibly. Segilola Resources Operating Limited (SROL) has made strides in the mining sector by establishing Nigeria’s first commercial gold mine, generating international interest and showcasing the potential for ethical, productive mining operations. However, the Osun State Government’s actions against SROL raise serious concerns regarding the governance and stability of business operations in the state.

In conclusion, the OSG’s current approach risks significant harm to both SROL’s viability and Osun State’s economic prospects. Investors prioritise stability and transparency, and the OSG’s tactics threaten to undermine Nigeria’s aspirations as a competitive mining destination. It’s imperative for the OSG to engage in productive dialogues, focusing on long-term benefits for the local economy over politically motivated strategies.

Original Source: www.thisdaylive.com

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