Unlocking the mining potentials in Nigeria
Mining sector in Nigeria has been plagued with a lot of challenges, which has negated the growth, limited the potentials and viability of the industry. Addressing these key challenges would unlock the sectors prospects.
Why investors own 100% of mining projects, by Bwari
Minister of State for Mines and Steel Development, Abubakar Bawa Bwari, has said that investors now own 100 per cent of mining projects in the country, as stipulated in the Minerals and Mining Act 2007. He said government was committed to developing the solid minerals and mining sector, while leveraging on the $3.32 billion private…
Mines secures $13m to grow emerging markets’ digital credit platform
Mines, a fintech startup re-inventing credit in emerging markets, has closed a Series A round of $13 million led by The Rise Fund, a global fund managed by TPG Growth, to intensify talent acquisition, continued growth in Africa, and expansion to South America and South-East Asia.
‘Why Nigeria isn’t making fortunes from mining’
The Nigerian Society of Engineers (NSE), Kaduna State branch, on Tuesday, rose from its quarterly review meeting, explaining why Nigeria has not been making fortunes from its abundant natural resources over the years, especially in mining sector. Among others, the engineers believed that Nigeria got it all wrong around 1972 with indigenisation policy that stipulated…
Group urges miners to involve host communities in mining activities
The Africa Centre for Leadership, Strategy and Development (Centre LSD) has admonished miners in the country to carry relevant stakeholders in their host communities along to avoid crisis.
Ministry targets 27bn dollars contribution to GDP by 2025
The Ministry of Mines and Steel Development says it will contribute 27 billion dollars about (N9.7trillion) to the Gross Domestic Product (GDP) by 2025.
South Africa’s economy contracts in fourth quarter as mining & manufacturing slip
South Africa’s economy contracted 0.3 percent quarter-on-quarter in the final three months of last year as mining and manufacturing output shrank, the statistics agency said on Tuesday, putting credit ratings at risk.
Mining activities and tectonic ripples
For so many years, illegal and unregulated mining activities have gone on in Nigeria to the disadvantage of the country and now, it is beginning to look like mother nature is whispering its disagreement for our indiscretion in this regard.
Nigeria consolidates workable regulation for mining industry
The Minister of Solid Minerals Development, Dr. Kayode Fayemi, who made these known at International Mining Investment Conference, IMICON 2016, said the conference fits into the ministry’s strategic objectives to reposition the mining industry.