Nigerian Mining

Thor Exploration Agrees to Pay ₦1.2Bn PAYE Tax to Osun Government

The Osun State Government has announced that Thor Exploration Limited, the parent company of Segilola Resources Operating Limited (SROL), has agreed to settle ₦1.2 billion in Pay As You Earn (PAYE) tax following a mediation process involving the Federal Government. The agreement was confirmed in a statement by Governor Ademola Adeleke’s spokesperson, Mallam Olawale Rasheed.

Adeleke Pledges Fair Practices in Osun Mining Sector

Osun State Governor Ademola Adeleke has reaffirmed his commitment to fair practices in the state’s mining industry. He assured stakeholders that his administration aims to protect the rights of all parties, including businesses, host communities, and the state government, without targeting individuals or companies. At a stakeholders’ forum, Adeleke, represented by Secretary to the State

Federal Government Shuts Down Illegal Mining Site in Osun State

The federal government has closed a mining site in Temiloluwa community, Oke-Opa, Ile-Ife, Osun State, due to suspected trespassing, encroachment, and illicit mining operations. Saturday PUNCH reports that officials shut down the facility after a local resident, Adeniyi Adeleke, protested the miners’ alleged unauthorised activity on his property. Adeleke states that on Wednesday, October 16,

Diaspora Organisations Applaud Adeleke for Governance and Mining Reforms

Osun State Governor Ademola Adeleke’s mining reforms and other good governance initiatives have been hailed by a number of expatriate groups as “impressive and unprecedented” since the state’s founding. While travelling from the United Kingdom to Nigeria following a livestock conference in Northern France, the governor hosted a number of Osun State leaders and natives

FG to Settle Dispute Between Gold Mining Firm and Osun

Nigeria’s Minister of Solid Minerals Development, Dr. Dele Alake has pledged that his ministry will work to find a solution to the current conflict between Segilola Resources Operating Limited and the Osun State government. This is coming after the minister established an investigative team to look into the causes of the conflict between the mining

Osun State Shuts Down Segilola Resources Over Alleged Tax Violations

The Osun State Government, on Monday, September 30, 2024, sealed the business premises of Segilola Resources Operating Limited after obtaining a court order. The order was issued in response to allegations of tax violations and the company’s failure to fully disclose employees involved in its operations, both directly and indirectly. Additionally, Segilola Resources was accused