The Nigerian government may have lost about N4 billion in three years, owing to illegal practices and corrupt activities of companies operating in the mining sector in Nigeria, two separate solid minerals audit reports by the Nigeria Extractive Industries Transparency Initiative have revealed. The many schemes through
The Emir of Anka and Chairman, Council of Chiefs in Zamfara, Alhaji Attahiru Ahmad, has advised the Federal Government to reconsider its decision to ban illegal mining in the north-western state. The monarch gave the advice on Tuesday while receiving the Commandant of the Nigeria
The Odonigi community in Moro local government area of Kwara State is blessed with large quantities of gold deposits over the years. However, illegal miners hold sway — five were arrested in 2017 with seven bags of gold. For a gold-rich community, however, basic amenities
The minister of Mines and Steel Development, Olamilekan Adegbite, has said that exploration of solid mineral must remain on the exclusive list in the Nigerian Constitution to enable the country maximise its benefits. Mr Adegbite, an architect, spoke in Lagos Tuesday during an interactive session
JOHANNESBURG – Palladium’s extraordinary rally has the potential for prices to test $3,000 an ounce, according to Goldman Sachs Group Inc.’s Jeffrey Currie, who twinned that outlook with a warning that such peaks wouldn’t last for long as the record levels would erode demand. “The upside
JOHANNESBURG – Palladium’s extraordinary rally has the potential for prices to test $3,000 an ounce, according to Goldman Sachs Group Inc.’s Jeffrey Currie, who twinned that outlook with a warning that such peaks wouldn’t last for long as the record levels would erode demand. “The upside
Dar es Salaam — The government says it was still negotiating with Barrick Gold Corporation despite missing the December 31, 2019 deadline for the negotiations. This comes after reports from foreign media outlets indicated that the two parties were ‘tussling’ over ratifying the agreement that
Mutasa South legislator Regai Tsunga has sought audience with the ministry of mines following the invasion of Africa University by illegal gold miners who are reportedly digging tunnels that could damage infrastructure at the higher learning institution. Tsunga who initially raised the concerns at a
Abuja — To boost investment in the mining sector, the federal government, has disclosed that it is set to re-assess the commercial value of some mineral resources, including gold, tin, columbite, limestone, phosphate, zinc and coal deposit in the country. The Minister of Mines and
The federal government Thursday announced that it has so far revoked not less than 1,566 mineral titles from licensed industries on what it termed ‘”use-it-or-lose-it process.” The Director-General, Mining Cadastre Office (MCO), Mr. Obadiah Nkom, stated this when the Minister of Mines and Steel Development,