Concerns grow over disregard for mining regulations by foreign miners and explorers
$2 Billion Annual Losses Jeopardise Nigeria’s Solid Minerals Sector
Dr Oladele Alake, the Minister of Solid Minerals development after a preliminary survey conducted by GeoScan, estimated the worth of minerals hidden under the Nigerian soil to be more than $750bn leading the way to trillions of dollars. He blamed ‘powerful Nigerians’ for the illegal mining activities and acts of terrorism going on in different parts of the country, debunking the notion that foreigners were to blame. The
Bandits Frustrate Rescue Operations for Trapped Miners After Mine Collapse
Rescue efforts for approximately 30 artisanal miners trapped in a collapsed mining pit in Niger state, Nigeria, have been hindered by threats from armed bandits. The incident occurred on Sunday in the village of Galkogo, Shiroro district, where the miners were working for a local company. Abdullahi Baba Ara, head of the Niger State Relief
Nigeria to Offer 75% Stake in Solid Minerals Corp to Investors
As legislators draft legislation to establish the new state-backed company to wean the West African nation off of its reliance on oil, the minister stated on Tuesday that Nigeria intends to offer investors at least a 75% stake in a proposed solid minerals corporation. Neglect and inadequate incentives have made it difficult for Africa’s largest