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

The post Dele Alake Inaugurates Nigeria’s First Mineral Analysis Laboratory in Niger first appeared on Nigerian Mining News.

Nigeria and France have formalised a collaboration through a Memorandum of Understanding (MoU) aimed at enhancing the management of the mining sector’s value chain in both countries. This agreement, signed during President Bola Tinubu’s visit to France, emphasises the need for regular training and seminars to boost the capacity of institutions involved in the critical metals sector.

The MoU is intended to promote sustainable mining practices that minimise environmental impacts and to establish joint projects between public and private sectors. Alongside research and student exchanges, this partnership aims to rejuvenate over 2,000 abandoned mining sites to facilitate environmental rehabilitation. The Nigerian government views this agreement as a vital step towards increasing international competitiveness and attracting French investment into its mining sector.

The partnership between Nigeria and France in managing the mining sector’s value chain stems from the need to enhance the effectiveness of solid minerals management. The agreement highlights a shared commitment to sustainable practices and the development of critical minerals, which are essential for global energy transitions. Collaborating via this MoU will allow both countries to leverage their strengths, share expertise, and improve practices in a sector that is increasingly important to their economies.

The signing of the MoU between Nigeria and France represents a significant advancement in international cooperation to foster sustainable mining practices and improve management of the mining sector’s value chain. This agreement not only promises to enhance training and capacity-building initiatives but also aims to rehabilitate environmental damage caused by past mining activities. Ultimately, the collaboration could lead to increased foreign investment and improved conditions for communities affected by mining.

Original Source: www.ripplesnigeria.com

The post Nigeria and France Sign MoU to Enhance Mining Sector Management first appeared on Nigerian Mining News.

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

The post Dele Alake Advocates for Mining Development Banks Led by CEOs first appeared on Nigerian Mining News.