To demonstrate Government's commitment to enhancing the sector's contribution to the GDP and facilitating the diversification of the economy, the erstwhile Ministry of Mines and Steel Development (MMSD or the Ministry) issued a revised sector growth and development roadmap (Roadmap for the Growth and Development of the Nigerian Mining ...
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Mining in Nigeria dates back to pre-colonial times when tin mining was the primary source of revenue for the country. ... including the discovery of other minerals such as coal, limestone, and gold. In the 1960s and 1970s, the government of Nigeria made significant investments in the mining industry to diversify the country's revenue base ...
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NIGERIA'S MINING ACT ... 'Gbite Adeniji WEST AFRICA MINING INVESTMENT CONFERENCE December 12, 2007 . RATIONALE FOR NEW MINING ACT - State Of The Mining Sector - Pre 2007 ... - Policy and legislation not conducive to private sector led development - Government parastatals dominated mineral exploration with minimal results - Geologic ...
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The commitments include upgrading Nigeria's geological laboratories, providing advanced technological equipment, and funding the exploration of geological data for the Nigerian Geological Survey ...
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The second section of the report charts Africa's positioning in eight key commodities: gold, copper, uranium, coal, manganese, nickel, graphite and lithium. In the third section, we are examining 12 of Africa's mining jurisdictions, by region: Southern Africa (South Africa, Namibia), West Africa (Ghana, Burkina Faso, Mali, Côte d'Ivoire ...
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The President credited the Minister of Solid Minerals Development, Dr. Dela Alake, for the renewed vigor in Nigeria's mining agenda. "Under his leadership, Nigeria is addressing sectoral challenges with a clear vision to position its mining industry as a global leader in innovation, resilience, and sustainability."
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Nigeria, Africa's leading energy producer, has faced challenges in extracting value from its vast mineral resources. This has been largely due to insufficient incentives and neglect of the ...
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The Nigerian government is targeting $5bn in mining investments over the next 10 years under a new industry roadmap, as part of a broader drive to diversify revenue sources away from non-oil sectors. In August Kayode Fayemi, the minister of mines and steel development, unveiled a new strategic plan for the sector that targets expanding
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Aurelia Mining Limited, a mining company based in the United Kingdom (UK), has declared it will invest 100 million U.S. dollars in gold mining in Nigeria. This was disclosed by its Director, Mr Julian Hammond on Monday …
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UK Deputy Prime Minister, Oliver Dowden, had met Nigeria's Minister of Solid Minerals Development, Dele Alake, on the sidelines of the Mines and Money Conference in London, late last year, and ...
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Nigeria will only grant new mining licences to companies that present a plan on how minerals would be processed locally, under new guidelines being developed, a government spokesperson confirmed ...
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Above is the Hon. Minister's outting on the sidelines of the ongoing International Mining And Resources Conference (IMARC) 2024, Honourable Minister of Steel Development meets with the Honourable Minister of Natural Resources and Minister of Northern Australia, Australian Government, Honourable Madeleine King MP.
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Today, it remains one of the country's most well-established sectors. Nigeria's Ministry of Solid Minerals has announced a free mining training deal it entered into with Australia's Ministry of Mining. With the right policies, …
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The government is organising these miners into cooperatives. Segun Tomori, a spokesperson for Nigeria's minister of solid minerals development, explained that the government plans to offer tax waivers on mining equipment imports to spur more investments in the country.
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The Director-General (D-G) of the Nigeria Mining Cadastral Office, ... "Since inception, the office has generated N36.048 billion, all of which has been remitted to the Federal Government's Treasury Single Account (TSA)," Nkom said. He added that from 2019 to October 2024, the office generated N26.230 billion, which represents 75 per ...
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Current and comprehensive mining and industrial, market data and investing news in Nigeria. ... A bigger and better government offering, strongly positioned, and elevated at Mining Indaba 2025 ... Africa Finance Corporation partners with the Solid Minerals Development Fund on catalyzing private sector-led mining projects in Nigeria. Africa ...
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Equipment Financing- this is a suitable financing option for junior mining companies that may be unable to acquire the requisite equipment for the mining process. Here, the …
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Nigeria's mining sector issued 7,000 licenses but has less than 1,000 active mines—an 85% underutilization rate. Despite generating ₦38 billion in 2024, budget cuts have …
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The mining sector has been in existence in Nigeria as far back as the 1900s, and in the past was a major revenue source for the Nigerian government. By the 1940s, Nigeria was a major producer of tin, columbite and coal and it was not until the discovery of oil in 1956 that the development of the sector regressed, as government and other ...
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Equipment Financing- this is a suitable financing option for junior mining companies that may be unable to acquire the requisite equipment for the mining process. Here, the financier owns the equipment and retains the title while the mining company is provided possession and use of the equipment for its mining project.
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Find comprehensive library of public information on Mining with relevant datasets, predefined dashboards and the gallery of ready-to-use visualizations. With world maps, rankings, and …
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Nigeria Mining Week 2024: A new era for Nigeria's mining sector The report reveals a substantial increase in government receipts from the mining sector, rising from ₦7.59 billion ($16.5 million) in 2007 to ₦345.40 billion ($752 million) in 2022 and further to ₦401.87 billion ($868 million) in 2023.
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The use of digital applications and "big data" is prevalent, with mining specialists remotely monitoring mining operations and using data to predict maintenance requirements. Drones can be used for site inspection rather than the labour-intensive dispatch of workers in diesel-powered trucks to remote locations.
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Nigeria's first industrial gold project is on course to enter production next year, and its success will be crucial for boosting mining in Africa's biggest oil producer, the country's mines ...
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The start-up capital expenditure, mining, and mineral processing equipment costs for the medium production SGM project were obtained from Salati et al. (2016) and indexed for inflation. The costs ...
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The Federal Government offered mining companies a three-to-five-year tax holiday, duty and tax free importation of equipment, full ownership of their businesses and the ability to take profits …
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GOV.UK Find and update company information Companies House ... People for MINING EQUIPMENT SUPPLIES AFRICA (UK) LIMITED (12006625) More for MINING EQUIPMENT SUPPLIES AFRICA (UK) LIMITED (12006625) Registered office address 5th Floor 20 Fenchurch Street, London, England, EC3M 3BY
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The government is organising these miners into cooperatives. Segun Tomori, a spokesperson for Nigeria's minister of solid minerals development, explained that the government plans to offer tax waivers on …
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Wasia African mining Co. Ltd is a Nigerian-based mining company with RC No. 1480359. Since we started as a mining firm, we have executed exploration projects in multiple states, acquired several geophysical and mining equipment, earthmoving machinery and more importantly, we have acquired the necessary operating licenses and permits as Mining Professionals.
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Although the productivity level of the sector is insufficient to meet local demands particularly for industrial minerals, Nigeria has been unable to attract significant investment in exploration of her mineral resources. 6 This constraint can be traced to the lack of attractive environment for private-sector mining, paucity of accurate and up ...
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Furthermore, government initiatives to reduce It is now simpler for new players to enter the market because to reduced tax costs and simplified mining licenses. By 2025, the mining sector's output is predicted to increase …
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