Mali has unveiled a major partnership with Russian firm Yadran to construct the country’s first state-controlled gold refinery capable of meeting international certification standards. The strategic move is designed to retain more value from Mali’s substantial gold resources and marks a significant shift in the country’s economic and political orientation. Finance Minister Alousseni Sanou announced
Modern crushing and grinding equipment have undergone significant advancements to improve efficiency in mineral processing. Innovations like high-pressure grinding rolls (HPGR) and vertical roller mills (VRM) have changed the landscape of material processing. Unlike traditional methods that rely heavily on mechanical force for rock crushing, HPGR and VRM use high pressure to achieve size reduction,
Nigeria’s mining sector has experienced a surge in Foreign Direct Investment (FDI), driven by reforms designed to create a business-friendly environment. In 2022, the sector attracted over $400 million in FDI, marking a 35% increase from the previous year. Key investments have focused on the extraction of gold, iron ore, and critical metals essential to
The Nigeria Mining Cadastre Office (MCO) initiated an electronic licensing system with the objective of transforming the nation’s mining licence acquisition procedure. This project is a big step in the right direction towards improving the mining industry in Nigeria in terms of accessibility, efficiency, and transparency. The electronic licensing system makes it possible for candidates
In May 2024, President Bola Tinubu commended the inauguration of Nigeria’s largest lithium processing plant in Nasarawa State, hailing it as a clear sign of the country’s attractiveness for foreign investment. The president made the remarks in Abuja during a meeting with Governor Abdullahi Sule of Nasarawa State, who was accompanied by Mr. Hi Yongwei,