Mining and Investment News in Nigeria. News . Nine killed in Indonesia mining accident. April 20, 2020 April 20, 2020 Admin 0 Comments. Nine people were killed by a landslide at an illegal gold mine in Sumatra, an Indonesian official said Sunday. The. Read more. Featured Posts. Blog .

Mining sector's contribution to GDP will increase in 2019 – Minister. The Minister of State, Ministry of Mines and Steel Development, Abubakar Bawa Bwari, has said the ministry is set to increase the sector's contribution to the national GDP from 0.3% to 3% in 2019 and 10% to 15% by 2025.

In November, the Nigerian government unveiled plans to revise its crucial mining law, the Nigeria Minerals and Mining Act (NMMA). The outdated law, which hasn't been updated since 2007, is accused of …

Orosur entered the JV agreement through its new wholly owned UK subsidiary Lithium West. The project initially includes work on a project that comprises four exploration licences located across Nigeria's primary pegmatite belt, spanning around 322km². Other prospective areas are also currently being studied and more licences …

Given the things you know about mining activities in Nigeria, would you say the Ibadan incident came to you as a surprise? ... Latest News. African economies to grow at 3.4% in 2024- World Bank ...

Trojan Mining. On Saturday, Nov 18, Trojan Mining, a Nigerian bitcoin mining company, announced their work-in-progress 500KW hydro-powered bitcoin mining facility in Nigeria. This news comes amid ...

Latest News; FG suspends mining activities with OAU, others . Less than 1 hour ago ; CAPPA warns Nigerians against Burna Boy's Vape Deal . Less than 1 hour ago ; Murder trial: DNA blood on Chidinma's dress matched Ataga's – Expert . Less than 1 hour ago ; Paedophile carpenter Akinboyewa jailed for life in Lagos for defiling primary 6 pupil

Nigeria Mining and Industrial News | African Mining Market. Current and comprehensive mining and industrial, market data and investing news in Nigeria.

News. Orosur sets up lithium exploration JV in Nigeria. Orosur can earn rights to acquire up to 70% of the four exploration licences by providing exploration …

A truck carries lithium carbonate at a lithium mine in the Atacama Desert, Chile. Photographer: Cristobal Olivares/Bloomberg via Getty Images. For the moment the find in Nigeria simply points to ...

Nigeria is set to grant new mining licences exclusively to companies that provide a plan for local mineral processing, Reuters reported. This marks a significant shift from the country's long-standing policy of exporting unprocessed raw materials. A government spokesperson said that the government aims to maximise the value derived …

Mining. With greater government support and a growing role as a generator of export earnings, Nigeria's mining sector is poised to maximise its considerable potential in …

100 Days: Alake's midas touch spurs global interest in mining sector*. Nigeria. Technology to play crucial role in sanitizing mining sector, says Alake. Nigeria. Group implores FG to end ...

According to the Nigerian Geological Survey Agency, Nigeria's lithium is acclaimed to be of high grade given it's lithium oxide content which ranges from 1 percent up to 13 percent, whereas the global standard for Lithium exploration and mining starts from 0.4 percent lithium oxide content. Indeed, Lithium exploration and processing has a rich

The Minister of Solid Minerals Development, Dr. Dele Alake, has conveyed a sense of optimism regarding the forthcoming year's potential for the mining sector in Nigeria. He asserts that 2024 will prove to be a pivotal year as the sector strives to make substantial contributions to the nation's Gross Domestic Product (GDP). During his recent

April 5, 2023. Reading Time: 1 min read. The Federal Executive Council (FEC) has approved a new bill to be sent to the National Assembly to replace the old law guiding mining activities in Nigeria ...

Mining is one of the oldest economic activities, and dates as far back as to when the early mankind first extracted clay and metals for the productions of cosmetics, working tools and utensils. In Nigeria, …

The Nigerian Mining Sector ("the Sector") also witnessed growth in its contribution to the Nation's GDP, having contributed 0.85% in 2022 (2021: 0.63%), representing a 32% year on year growth over 2021 2. Interestingly, the Sector has witnessed sustained growth to the GDP over the last five (5) years, as depicted in the chart below:

Latest News. View. Minister of Mines Assures Local Barite Investors of Support: Date: 9/13/2019 View(s): 4033: ... the GO-TO portal for real time information on Mining Sector in Nigeria. Office:No. 2, Luanda Crescent, off Adetokunbo Ademola Crescent, Wuse II, Abuja, F.C.T., Nigeria. Call Us: +234 9 523 9064 Downloadables • Nigerian ...

The mining sector's contribution to the nation's gross domestic product remains below 1%, attributed to inadequate incentives and neglect. To attract more investment into the mining industry, the government is issuing additional licences, according to the news agency.

Nigerian Mining Sector Watch. The non-oil sector has continued to be the lifeblood of the Nigerian economy. As at the third quarter of 2022, the non-oil sector contributed 94.34% (in real terms) to the nation's Gross …

The Nigerian Geological Survey Agency, NGSA, Monday, disclosed discovery of high lithium grade in Nigeria, which also is one of the world's most important solid minerals. This was made known by ...

The Nigerian landscape holds over 30 types of solid minerals in an identified 450 locations. Deposits span gemstones, metallic ores, energy minerals and construction materials, such as granite. While the mining sector was a mainstay of the economy up until the late 1960s, the focus on oil from that point on has seen the mining's

The project ramped up production in late 2021 and is located about 155 miles from the commercial hub of Lagos. Nigeria has sizable untapped deposits of metals including gold, zinc, lithium and ...

Energy. 'We need to de-risk mining sector for improved investment flow'. Nigeria. Dr. Dele Alake: Leading Africa's mineral Potential in solid minerals and mining. Nigeria. Play by …

By Gabriel Ewepu, Abuja. THE Minister of Solid Minerals Development, Dr Dele Alake, Monday, assured Nigerians and investors of a major leap of the solid minerals sector in 2024. Alake gave the ...

The Nigerian mining sector also witnessed growth in its contribution to the Nation's GDP," KPMG said. "The sector contributed 0.85 percent in 2022 and 0.63 percent in 2021, representing a 32 percent year on year growth over 2021. Interestingly, the Sector has witnessed sustained growth in the GDP over the last five years.".

Despite abundant solid mineral resources, which include gold, lead, zinc, coal, bitumen, iron ore, limestone and barite, the Nigeria mining industry only contributes 0.15 percent to the nation's GDP. The contribution, projected to hit 0.34 percent in 2025, is far from the three percent target set out in the country's mining roadmap 1.

Globally, the mining industry is experiencing a boom as there is an increase in the need of critical minerals and new mining technologies, the Nigerian Mining is not left out in this …