THE Minister of Mines and Steel Development, Mr. Olamilekan, has stated that 1, 759 illegal mining sites have been uncovered across the country. Adegbite made this known at the 3rd National Council on Mining and Minerals Resources Development, NCMMRD, meeting in Ado-Ekiti, Ekiti State, with
The future of one of South Africa’s most important biodiversity areas – the Olifants River estuary on the West Coast near Lutzville – could be decided at a crucial meeting on Wednesday 4 December. This is when various government departments and conservation agencies come together
A new policy to be introduced in the mining sector by the Federal Government would require exporters to obtain pre-shipment approvals before taking minerals out of the country. Minister of State for Mines and Steel Development, Dr Uchechukwu Ogah, gave hints of the planned policy
The federal government on Thursday said it has resuscitated the Presidential Mines Surveillance Task Force to curb illegal mining and environmental degradation. The Task Force, which would be operating in all states of the federation, will also be responsible for plugging revenue leakages and institutionalisation
SMALL scale gold miners can secure Bank of Tanzania (BoT) loan guarantee of up to 500m/- through the registered commercial banks in the country, the central bank announced here yesterday. BoT Mwanza Branch Assistant Manager, Banking, Melchiades Rutayebesibwa told the ‘Daily News’ here yesterday that
Filabusi, Zimbabwe — With Zimbabwe going through its worst economic crisis in a decade, desperate citizens are turning to illegal gold mining to make a living, officials say, sparking violence and driving people from their land Under the blazing sun, a group of men use picks
The Federal Government on Monday in Abuja disclosed a plan to institutionalise the National Council of Mining and Mineral Resources Development (NCMMRD). The move is expected to address constant frictions between the states and federal governments on right to mineral resources in the country. The
South32 controls South Africa Energy Coal (SAEC) in the coalfields of Mpumalanga. In April 2018, South32 separated SAEC into a standalone business managed independently from its asset group. Local coal miner Seriti has made an offer for SAEC that includes an upfront cash payment of
The International Finance Corporation (IFC), the investment arm of the World Bank, will vote in mid-October on the approval of a USD 300 million investment in a gold mine in the Tasiast region of Mauritania. The investment decision – which is the first-ever IFC project
Glencore’s Chief Executive Officer, Ivan Glasenberg, commented: “Our performance in the first half reflected a challenging economic backdrop for our commodity mix, as well as operating and cost setbacks within our ramp-up/development assets. Adjusted EBITDA declined 32% to $5.6 billion. “The rest of our business,