Solid minerals worth N90.33bn were exported between 2015 and 2017, the latest report by the Nigeria Extractive Industries Transparency Initiative has stated. An analysis of the report also showed that China emerged the biggest importer of Nigeria’s solid minerals in 2017. The document, which was obtained in Abuja on Wednesday, gave the
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Through a $9 million project, the United Nations (UN) is looking to help improve gold mining in Burkina Faso. The program is targeted at eliminating mercury and improving the supply chain in the country’s artisanal small-scale gold mining (ASGM) sector. In 2016, the preparatory phase of the five-year project was launched
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Mining operations everywhere are experiencing constant profitability pressures from two directions: continued commodity pricing volatility and global demand variability. Africa-based miners are no exception. These dynamics have caused mining companies to re-evaluate business models and seek smarter, more efficient modes of operation that focus on sustainable cost management practices and improved
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Impact of the Solid Minerals Development Fund (SMDF) is yet to be felt in the industry, despite its rejigging as many issues continue to constitute setbacks to the sector. Head, Advisory and Mining Sector Lead, PricewaterhouseCoopers (PwC) Nigeria, Cyril Azobu, who stated this, also said commercial banks had remained doubtful and
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Indications emerged on Thursday that international oil companies in the country may be compelled by the Federal Government to purchase barite as a separate item from Nigerian miners, instead of importing the mineral as a component of drilling mud with other chemicals used in oil exploration. The Federal Government is considering
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The Federal Government is seeking the collaboration of stakeholders in the mining sector to generate more revenue from the country’s solid mineral deposits. Minister of Mines and Steel Development, Olamilekan Adegbite, informed a delegation from the Mining Association of Nigeria, PricewaterhouseCoopers and Infrastructure Partnership African Development that the Federal Government was
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Why Miners In Nigeria Are Not Succeeding. Indigenous operators in the Nigerian mining sector are not as successful as their foreign counterparts due to factors limiting their development and growth, a mining consultant, Adeyemo Titilope, has said. Titilope, an engineer with an Abuja-based geophysical and geotechnical services firm, Geocardinal Engineering Services
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A CHINESE company and a subsidiary of Globelink China Investment Group, Hudson Mining Limited, is set to invest $30 million in solid mineral processing in Nigeria. The company decided to invest an initial $3 million and subsequently increase it to $30 million during the first phase of the project. The Chief Executive
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The Trump administration finalized a new carbon emissions rule for U.S. power plants on Wednesday that it said could cut pollution without damaging the coal industry, replacing a much tougher Obama-era version to fight climate change. The move was a boost to coal companies facing tough competition from natural gas, solar
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About 50 junior mining firms are now doing formal mining in Nigeria, the Minister of State for Mines and Steel Development, Mr Bawa Bwari, has said. Bwari said this in Abuja on Tuesday during the handover to the Permanent Secretary in the ministry, Dr Abdulkadir Muazu, as directed by President Muhammadu
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