POLICY - Nigerian Mining News https://nigeriamining.today Sun, 29 Dec 2024 19:14:04 +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 POLICY - Nigerian Mining News https://nigeriamining.today 32 32 Nigeria’s Mining Crisis: Addressing Fatal Collapses and Safety Challenges https://nigeriamining.today/2024/12/29/nigerias-mining-crisis-addressing-fatal-collapses-and-safety-challenges/ Sun, 29 Dec 2024 19:13:42 +0000 https://nigeriamining.today/2024/12/29/nigerias-mining-crisis-addressing-fatal-collapses-and-safety-challenges/ In 2024, Nigeria recorded multiple fatal mine collapses due to unsafe artisanal and illegal mining […]

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In 2024, Nigeria recorded multiple fatal mine collapses due to unsafe artisanal and illegal mining practices. The government aims to reform the sector to boost economic contribution and improve safety. Urgent calls for regulatory improvements and training for miners have emerged, addressing underlying issues such as poverty that lead to unsafe work conditions.

In 2024, Nigeria faced a series of tragic mine collapses, resulting in numerous injuries and fatalities. Notable incidents occurred at Galkogo in Niger state, Gashaka-Gumti National Park spanning Adamawa and Taraba states, and in Plateau, where dozens of miners were buried or lost their lives. These disasters largely stem from artisanal and illegal mining, marked by inadequate safety measures, outdated equipment, and a lack of professional oversight. Dele Alake, Minister of Solid Minerals, highlighted the urgent need for improved regulations and enforcement within the industry to prevent further tragedies. The government aims to enhance the sector’s contribution to GDP while tackling illegal mining.

Experts advocate enforcing mining standards and enhancing regulatory capacity. The government is urged to bolster safety compliance and invest in training for miners. Local authorities are called to increase surveillance against illegal activities. Additionally, addressing Nigeria’s poverty rates is crucial, as economic desperation fuels unsafe mining practices. Overall, a collaborative effort is necessary to revitalise the mining sector, ensuring safety while expanding its economic potential and reducing fatalities from collapses.

Several major mining incidents in Nigeria in 2024 highlighted the dangers posed by artisanal and illegal mining practices. These occurrences point to a systemic failure in safety enforcement, professional training, and equipment standards in the mining sector. The current administration seeks to reform and revitalise this sector to increase its contribution to Nigeria’s economy, amidst challenges like high poverty rates and illegal mining operations that exacerbate workers’ risks.

The crisis resulting from mine collapses in Nigeria underscores the urgent need for reform in the mining sector. By enforcing safety standards, enhancing regulatory oversight, and addressing illegal mining, it is possible to prevent future disasters. Additionally, tackling poverty and providing support to miners can improve conditions and enhance the potential contributions of the mining industry to the economy.

Original Source: nannews.ng

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TIMADIX GEOMIN Challenges Nasarawa State Mining Allegations, Upholds Legitimacy https://nigeriamining.today/2024/12/24/timadix-geomin-challenges-nasarawa-state-mining-allegations-upholds-legitimacy/ Tue, 24 Dec 2024 13:19:22 +0000 https://nigeriamining.today/2024/12/24/timadix-geomin-challenges-nasarawa-state-mining-allegations-upholds-legitimacy/ TIMADIX GEOMIN consults the allegations of illegal mining made by the Nasarawa State Government, asserting […]

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TIMADIX GEOMIN consults the allegations of illegal mining made by the Nasarawa State Government, asserting its compliance with legal mining operations and publishing necessary licenses to counter misinformation. The company condemns state actions that undermine federal authority, calling for immediate intervention to protect legitimate mining practices and support local development.

TIMADIX GEOMIN CONSULT LTD has issued a firm rebuttal against allegations of illegal mining made by the Nasarawa State Government, specifically targeting the actions of the Environment Commissioner. The company claims that they possess legitimate mining licenses while the state has unlawfully permitted Chinese nationals to operate on the same site. Tim Eldon, the Managing Director, highlighted the company’s adherence to laws and regulations, having secured necessary permits from the Federal Ministry of Solid Minerals Development.

Eldon condemned the Nasarawa State Government for infringing upon federal mining authority, stating their actions undermine the rule of law. To demonstrate transparency and counter misinformation, TIMADIX released documentation for their Small-Scale Mining License (SSML 60269) and Exploration License (EL 36528). Moreover, the company reaffirmed its compliance with statutory taxes and charges while urging the empowerment of local firms to enhance economic benefits for communities.

The company advocates for transparent foreign investments, condemning any corrupt practices that disadvantage local stakeholders. TIMADIX has called for federal intervention to tackle the disruptive and illegal activities initiated by the state, which they believe threaten legitimate mining efforts and community stability. The commitment to lawful operations and local development remains unwavering, stressing the importance of lawful channels in foreign investment arrangements.

In conclusion, TIMADIX GEOMIN CONSULT LTD aims to clarify its position amidst allegations by the Nasarawa State Government. The company’s commitment to legality and community development is paramount, and they call for immediate action against illegal mining practices that diminish local trust and economic growth.

Nasarawa State Government has faced criticism for allegedly issuing mining licenses to foreign entities without regard for existing local operations. This has raised concerns about the legality of such actions in relation to the federal law governing mining in Nigeria. TIMADIX GEOMIN CONSULT LTD, a local mining company, asserts that it has complied fully with these legal requirements and views the state government’s actions as a direct violation of their operational rights and federal regulations. The situation highlights the tension between state interests and federal authority in the mining sector in Nigeria.

TIMADIX GEOMIN CONSULT LTD challenges the Nasarawa State Government’s allegations of illegal mining, emphasizing its legal compliance and transparency through the publication of its licenses. The company is firmly against any corrupt practices that harm local economies and urges federal authorities to act against state-level violations. Their ongoing commitment to lawful mining practices and community benefit remains strong, advocating for the integrity and growth of Nigeria’s mining sector.

Original Source: dailypost.ng

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Timadix Publicly Rejects Nasarawa Government’s Illegal Mining Allegations https://nigeriamining.today/2024/12/24/timadix-publicly-rejects-nasarawa-governments-illegal-mining-allegations/ Tue, 24 Dec 2024 13:09:22 +0000 https://nigeriamining.today/2024/12/24/timadix-publicly-rejects-nasarawa-governments-illegal-mining-allegations/ Timadix Geomin Consult Ltd addresses allegations of illegal mining by the Nasarawa State Government, asserting […]

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Timadix Geomin Consult Ltd addresses allegations of illegal mining by the Nasarawa State Government, asserting legal compliance and the validity of its mining licences. The company accuses the state of undermining federal authority and promoting corruption by allowing foreign operators. Tim Eldon, the managing director, calls for transparency and federal support for local mining firms.

Timadix Geomin Consult Ltd has publicly refuted allegations of illegal mining raised by the Nasarawa State Government. The company, led by Managing Director Tim Eldon, claims that the Commissioner of Environment unlawfully issued mining licences to Chinese nationals on land where Timadix already holds valid permits. Eldon affirmed that the company has met all legal requirements, securing necessary licences from the Federal Ministry of Solid Minerals Development and local authorities, emphasising compliance with federal mining regulations.

In a statement released on December 22, 2024, Eldon stated that the Nasarawa State Government’s actions violate federal law, which grants mining jurisdiction solely to the federal government. He accused state officials of spreading misinformation to damage the company’s reputation while launching a call for transparency by releasing its mining licences, including the Small-Scale Mining License and Exploration License. Timadix insists that these irregular activities by the state government not only disrupt their operations but also harm local communities and discourage legitimate investments.

The company reiterated its commitment to lawful operations, stating it is up to date on all mining-related taxes and fees. With concerns over the Nasarawa Government’s preference for foreign interests at the expense of local firms, Eldon urged the federal government to promote local mining enterprises to bolster Nigeria’s economy. He emphasised the necessity of lawful and transparent foreign investment while condemning corrupt practices that exploit local resources. Timadix has requested immediate intervention from federal authorities to address the situation and restore legality in the mining sector, reaffirming its dedication to benefiting host communities and the nation.

Timadix Geomin Consult Ltd is a fully indigenous mining company in Nigeria, asserting its legal right to operate within the Nasarawa State region. The company’s response comes amid emerging allegations from the state government regarding illegal mining activities. The context includes concerns over foreign investments in Nigeria’s mining sector and the implications of local governance on resource management, transparency, and community impact.

Timadix Geomin Consult Ltd stands firm in its adherence to legal mining practices in Nigeria, countering allegations from the Nasarawa State Government with evidence of compliance and legitimate licensing. The company highlights the importance of safeguarding local interests against potentially corrupt foreign influences and calls for federal support to ensure a fair and lawful mining environment that benefits Nigeria’s economy and communities.

Original Source: dailypost.ng

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Investment Summit Showcases Nigeria’s Mining Potential to South African Investors https://nigeriamining.today/2024/12/14/investment-summit-showcases-nigerias-mining-potential-to-south-african-investors/ Sat, 14 Dec 2024 09:53:27 +0000 https://nigeriamining.today/2024/12/14/investment-summit-showcases-nigerias-mining-potential-to-south-african-investors/ The first Investment Summit and Roadshow for Solid Minerals in Nigeria in Johannesburg highlighted the […]

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The first Investment Summit and Roadshow for Solid Minerals in Nigeria in Johannesburg highlighted the country’s mining potential to South African investors. Discussions focused on reforms, community agreements, and new investment platforms. Commitments were made by companies to invest in Nigeria, showcasing optimism for the sector’s growth.

The inaugural Investment Summit and Roadshow for Solid Minerals in Nigeria, organised by the Nigerian High Commission in South Africa with Rosebank Capital, showcased the country’s mining potential to South African investors. The event highlighted policy reforms, community agreements, and innovative systems aimed at revitalising the sector. Key discussions included investment incentives, the digitisation of mining license processes, and the need for local value addition in mineral processing.

Engaging sessions helped clarify misconceptions about Nigeria’s business climate. Investors raised concerns over policy fluctuations, which were addressed by showcasing the amendment process for the Nigeria Minerals And Mining Act (2007). This aims to solidify reforms and improve the investment framework. The revised Community Development Agreements (CDAs) were also introduced to ensure host community consent for mining operations, fostering better relationships.

The Nigeria Mineral Decision Support System (NMDSS) emerged as a pivotal tool to attract investors, providing comprehensive data for informed decisions without necessitating travel. President Bola Tinubu’s promise of “Easy In, Easy Out” regarding profit repatriation, paired with tax waivers for mining equipment imports, further appealed to investors. Dr. Dele Alake emphasised the importance of local processing and skill transfer to boost Nigeria’s GDP.

Improvements in the mining license application process through the Electronic Mining Cadastral System (EMC+) were presented as a significant leap forward. Additionally, potential collaborative programmes were discussed for mutual certification of mining professionals between Nigeria and South Africa.

The summit was marked by several commitments, including interest from Pilanesberg Platinum Mines to explore similar initiatives in Nigeria and an MOU for a $1 billion coal processing and power plant project in Enugu State. Crystal Partners also expressed intentions to collaborate with Nigeria’s mining sector. Overall, the Roadshow was deemed a success, signalling a promising future for Nigeria’s solid minerals sector under proactive leadership.

The focus of this article is the recent Investment Summit and Roadshow for Solid Minerals held in Johannesburg, South Africa, which served as a platform to present Nigeria’s mining sector potential to international investors. It highlighted ongoing reforms and initiatives aimed at transforming the mining industry and establishing Nigeria as a favourable destination for mining investments. The Nigerian delegation engaged investors through presentations, discussions on policies, and innovative systems designed to ease the investment process and enhance community relations.

In summary, the Investment Summit and Roadshow successfully showcased Nigeria’s mining potential, addressing investor concerns about policies and community engagement. Promises of improved processes, attractive incentives, and the commitment to local value addition were well received. Key partnerships and initiatives were formed, indicating a proactive approach to investing in Nigeria’s mining sector, suggesting a bright future under effective leadership.

Original Source: blueprint.ng

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Nigerian Government Rejects Bill for New Mining Security Agency https://nigeriamining.today/2024/11/24/nigerian-government-rejects-bill-for-new-mining-security-agency/ Sun, 24 Nov 2024 20:22:18 +0000 https://nigeriamining.today/2024/11/24/nigerian-government-rejects-bill-for-new-mining-security-agency/ The Nigerian government has opposed the bill for a new mining security outfit due to […]

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The Nigerian government has opposed the bill for a new mining security outfit due to concerns over duplication of existing efforts. Officials propose enhancing current agencies, particularly the Special Mines Surveillance Task Force, to tackle illegal mining more effectively using technology.

The Nigerian federal government has rejected a bill proposing the establishment of a special security unit dedicated to protecting mining sites, despite rising illegal mining activities and related security issues. The Minister of Solid Minerals Development, Dele Alake, represented at a public hearing by Umar Bala, argued that the new agency would duplicate existing efforts. Instead, he suggested enhancing the capabilities of the existing Special Mines Surveillance Task Force to more effectively combat illegal mining through an integrated approach and advanced technology.

The discussion around the proposed Nigerian Mines Rangers Service (NMRS) reflects ongoing concerns regarding illegal mining practices and security in the sector. As illegal mining continues to pose significant challenges, the government is exploring ways to enhance security and regulatory measures. The NMRS initiative, backed by Senator Onawo Ogoshi, aims to create a specialized force; however, government officials maintain that existing agencies can fulfil this role with better support and technology.

In conclusion, while the federal government opposes the creation of a new mining security agency, officials advocate for strengthening and better equipping current agencies like the NSCDC and Special Mines Surveillance Task Force to effectively address illegal mining. This integrated approach aims to improve oversight and combat illegal mining without the complications of establishing duplicate structures.

Original Source: www.arise.tv

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NMCO Raises Alarm Over Mining Title Holders’ Capacity Issues https://nigeriamining.today/2024/11/23/nmco-raises-alarm-over-mining-title-holders-capacity-issues/ Sat, 23 Nov 2024 10:16:02 +0000 https://nigeriamining.today/2024/11/23/nmco-raises-alarm-over-mining-title-holders-capacity-issues/ The NMCO has expressed concerns about the lack of operational capacity among some mining title […]

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The NMCO has expressed concerns about the lack of operational capacity among some mining title holders, affecting investor interest. A new mining regime introduced in July aims to ensure only competent operators hold titles. Positive outcomes include increased investment and the revocation of inactive licenses, supporting Nigeria’s economic diversification efforts.

The Nigeria Mining Cadastre Office (NMCO) has raised concerns over the inadequate capacity of some mining title holders, particularly those holding multiple cadastral units. This issue, highlighted by NMCO Director General Dr Obadiah Nkom during the ninth Nigeria Mining Week in Abuja, is hindering genuine investors’ entry into the mining sector. To rectify this, a new mining regime was introduced in July, focusing on competent operators and adhering to a ‘first come, first served’ principle. Nkom noted improvements, including increased investment and the cancellation of unused licenses, affirming NMCO’s role in promoting responsible mineral resource management and supporting Nigeria’s economic diversification strategy.

The challenges faced by mining title holders in Nigeria are crucial for understanding the landscape of the mining sector. The NMCO is responsible for managing mineral rights in the country, aiming to attract investment and ensure sustainable resource management. The introduction of a new mining regime indicates an effort to address the gaps in capacity and effectively allocate titles to operators who can develop them, thereby bolstering the sector’s contribution to economic growth. This situation is particularly relevant as Nigeria seeks to diversify its economy.

The NMCO’s initiatives reflect a strategic move towards enhancing the capacity and accountability of mining title holders in Nigeria. By implementing a new regime that prioritises capable operators and the productive use of mining titles, the agency aims to attract genuine investment, ensure compliance, and contribute significantly to the nation’s economic ambitions. Ongoing improvements signal a promising future for the mining industry in Nigeria.

Original Source: nannews.ng

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Dele Alake Advocates for Mining Development Banks Led by CEOs https://nigeriamining.today/2024/11/22/dele-alake-advocates-for-mining-development-banks-led-by-ceos/ Fri, 22 Nov 2024 20:56:18 +0000 https://nigeriamining.today/2024/11/22/dele-alake-advocates-for-mining-development-banks-led-by-ceos/ Dele Alake, Nigeria’s Minister of Solid Minerals, has called on mining CEOs to establish mining […]

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Dele Alake, Nigeria’s Minister of Solid Minerals, has called on mining CEOs to establish mining development banks to enhance sustainability and reduce government interference. He outlined the government’s steps to improve the investment climate and engagement from state governments in mining activities, promoting a collaborative approach towards the sector’s growth.

Dele Alake, Nigeria’s Minister of Solid Minerals Development, has urged mining companies to spearhead the creation of mining development banks. Speaking at a CEO roundtable during Nigeria’s 2024 Mining Week, he stressed the importance of a private-sector-driven initiative to reduce government involvement, ensure sustainability, and facilitate long-term financing for the industry. Alake reassured CEOs of the government’s commitment to removing operational obstacles and enhancing investment opportunities in the sector.

Alake reaffirmed the federal government’s position against state-level interference in mining, stating that mining falls under exclusive legislative authority. He encouraged states to actively engage in local mining initiatives by applying for mining licences and operating as limited liability companies. Alake noted the successful adoption of this framework by several states, resulting in approved licences for compliant applicants.

To enhance investment conditions, the minister highlighted plans for a mining infrastructure corridor, with inter-ministerial collaboration already initiated. He urged ongoing cooperation from mining executives to support reforms, including a review of the sector’s rates regime. Alake expressed confidence in the necessity of these changes for fostering a sustainable mining environment in Nigeria.

The establishment of mining development banks in Nigeria is part of an initiative to revitalize the mining sector and promote private sector involvement. The Nigerian government recognises the importance of reducing bureaucratic obstacles and encouraging sustainable investment. By outlining a clear role for mining companies, the government aims to create a productive context for growth within the industry while addressing concerns about state interference in mining operations.

Minister Dele Alake’s call for mining companies to establish development banks reflects Nigeria’s strategy to foster sustainable growth in the mining sector through private sector engagement. The government’s commitment to removing operational barriers and preventing state interference aims to attract investment and enhance the overall framework for the industry. This initiative, along with plans for a mining infrastructure corridor, seeks to create a conducive environment that supports long-term development and resilience in Nigeria’s mining landscape.

Original Source: www.thecable.ng

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Alake Urges Mining CEOs to Establish Development Banks for Sustainable Financing https://nigeriamining.today/2024/11/22/alake-urges-mining-ceos-to-establish-development-banks-for-sustainable-financing/ Fri, 22 Nov 2024 18:45:04 +0000 https://nigeriamining.today/2024/11/22/alake-urges-mining-ceos-to-establish-development-banks-for-sustainable-financing/ Dr. Dele Alake, Nigeria’s Minister of Solid Minerals, urged mining CEOs to establish private-sector-led development […]

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Dr. Dele Alake, Nigeria’s Minister of Solid Minerals, urged mining CEOs to establish private-sector-led development banks for sustainable financing. He highlighted ongoing governmental reforms, clarified that state entities lack mining policy authority, and outlined plans for improved investment conditions via mining infrastructure developments.

Dr. Dele Alake, Nigeria’s Minister of Solid Minerals Development, urged mining CEOs to initiate the establishment of mining development banks to secure long-term financing essential for the sector’s sustainable growth. Speaking at a CEO Roundtable during the 2024 Nigeria Mining Week, he encouraged private-sector leadership to ensure independence from government influence. Alake reassured executives that the federal government is actively removing obstacles to facilitate better business conditions and promote investments in mining.

In addressing challenges of state-level interference, Alake asserted that such entities lack constitutional authority over mining policies, as the sector is exclusively managed at the federal level. He highlighted ongoing dialogues with state governments to encourage constructive involvement in mining, allowing states to apply for licenses and operate as Limited Liability Companies. This initiative aims to address concerns about local resource management and has seen several states successfully engage in the licensing process.

The Minister announced future plans to create a mining infrastructure corridor to enhance the investment climate and indicated that inter-ministerial collaboration is being established to support this project. He called for continued cooperation from mining executives on ongoing reforms, particularly regarding the review of the sector’s rates regime.

The article discusses the call from the Minister of Solid Minerals Development, Dr. Dele Alake, for mining CEOs to lead the establishment of mining development banks in Nigeria. This initiative aims to facilitate sustainable long-term financing for the mining sector, which is facing challenges like state-level interference and bureaucracy. Alake’s emphasis on private-sector involvement and the federal government’s reforms shows a clear intent to improve the mining landscape in Nigeria.

In summary, Dr. Dele Alake has urged mining CEOs to spearhead the formation of mining development banks as a foundation for securing long-term financing. He reassured stakeholders that governmental reforms are focused on enhancing the mining sector’s operational environment. Alake’s plans aim to ensure that the industry evolves sustainably while addressing state-level interferences effectively and encouraging private sector leadership.

Original Source: tribuneonlineng.com

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Minister Pledges to Tackle Environmental Challenges Ahead of Nigeria Mining Week https://nigeriamining.today/2024/11/13/minister-pledges-to-tackle-environmental-challenges-ahead-of-nigeria-mining-week/ Wed, 13 Nov 2024 11:31:26 +0000 https://nigeriamining.today/2024/11/13/minister-pledges-to-tackle-environmental-challenges-ahead-of-nigeria-mining-week/ The 9th Nigeria Mining Week will address environmental issues linked to the sector, with Minister […]

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The 9th Nigeria Mining Week will address environmental issues linked to the sector, with Minister Dr. Dele Alake committing to remediation and environmental compliance initiatives. The ministry aims to enhance transparency, educate the public, and promote local processing of mineral resources to boost economic growth. The event, scheduled for November 18-20, 2024, will focus on various strategic topics related to the mining industry.

As the 9th Nigeria Mining Week approaches, Dr. Dele Alake, the Minister of Solid Minerals Development, has pledged to address environmental issues linked to mining operations. He mentioned that the ministry is advancing robust policies aimed at curtailing environmental degradation while maximising Nigeria’s mining potential for economic growth. Dr. Alake highlighted the legacy of over 1,000 abandoned mining pits and emphasised ongoing remediation efforts to mitigate the environmental risks they pose to local communities. In a press briefing, the minister elaborated on the ministry’s strategies, which include a department focused on environmental compliance for mining operators. All applicants for mining permits must now submit plans for site remediation before receiving licences. This measure aims to prevent unaccountable abandonment of mining sites. Dr. Alake also stressed the ministry’s commitment to public awareness initiatives regarding the dangers of unregulated mining, asserting that illegal operations significantly harm the environment, unlike regulated operators. The government is also prioritising data transparency within the mining sector, aiming to attract investments by ensuring the availability of high-quality geoscientific data. Dr. Alake expressed the intention to enhance Nigeria’s appeal as an investment destination aligned with international standards, while also pushing a value-addition strategy that promotes local processing of resources. This approach aims to generate jobs and bolster the economy across sectors. Dr. Mary A. Ogbe, Permanent Secretary, noted the media’s vital role in shaping public perception of Nigeria’s mining potential. Dele Ayanleke, President of the Miners Association, remarked on the significance of informing both local and international audiences about the opportunities presented during the mining week. Additionally, Habeeb Jaiyeola from PricewaterhouseCoopers outlined that the event will cover various pivotal topics, underlining the strategic value of critical minerals and the need for sustainable development. The three-day event is scheduled from November 18 to 20, 2024.

The Nigeria Mining Week is an annual event designed to showcase the mining industry’s potential and foster investment in Nigeria’s solid minerals sector. Environmental management is a pressing concern due to historical mining practices that left numerous abandoned pits posing risks to local ecosystems and communities. The current administration aims to rectify these past oversights while promoting sustainable mining practices that align with global standards. By integrating environmental stewardship into the mining strategy, Nigeria seeks to attract both domestic and foreign investments, ultimately enhancing the country’s economic resilience and growth.

Dr. Dele Alake’s commitment to addressing environmental hazards in Nigeria’s mining sector highlights the government’s proactive approach towards sustainable practices. With a focus on remediation, regulatory compliance, and public awareness, the ministry aims to transform challenges into opportunities for economic advancement. The upcoming Nigeria Mining Week serves as a platform to reinforce these objectives, showcasing Nigeria’s mineral-rich landscape and its potential for sustainable development.

Original Source: www.thisdaylive.com

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