Africa Finance Corporation partners with the Solid Minerals Development Fund on catalyzing private sector-led mining projects in Nigeria. Africa Finance …
A traditional ruler, Oba Taofeeq Osunmakinde, the Obawore of Ifetuntun in Ife Central Local Government Area of Osun State and four others were on Thursday remanded in Kuje Correctional Centre over alleged by a Federal High Court sitting in Abuja over alleged illegal gold mining. Oba Osunmakinde was ...
Likewise, the Presidential Artisanal Gold Mining Initiative (PAGMI) highlights another benefit of co-operative miners given its primary objective is to aggregate, refine and sell gold sourced from ASMs at competitive market rates. Special Government Initiatives for Mining Financing In Nigeria
YOLA, Nigeria (AP) — Rescuers searched Thursday for dozens of workers who were trapped when a gold mine collapsed in northcentral Nigeria, authorities and …
Nigeria's gold reserves remained unchanged at 21.37 tonnes from the fourth quarter of 2023 to the first quarter of 2024. This stability highlights a stagnant trend in gold mining activities, with no significant increase in the country's reserves.
Nigeria's 21.37 tonnes or 754,000 ounce of estimated gold reserves, currently worth $1.8 billion at $2,352.84 per ounce spot price at the international market may continue to end up in private ...
Ajayi took Mongabay on a tour, steering his motorcycle along a narrow, unpaved path around the outskirts of his farm. Just two years ago, this was a thriving plantation. Today, the land is scarred with deep pits filled with stagnant, brown water. The miners have diverted a nearby stream onto his land to use for proces…
The project ramped up production in late 2021 and is located about 155 miles from the commercial hub of Lagos. Nigeria has sizable untapped deposits of …
He said, "This plan will provide Nigeria with current data and an up-to-date situation analysis of gold mining in Nigeria, the document will also appeal to both local …
The state government had accused the company of unethical business practices, and tax evasion amounting to approximately $1.9m. In response, the company got a court order restraining the Osun ...
Nigeria has combined estimated reserves of around 600,000 tonnes of alluvial and primary gold deposits, generally found in north-west, central and south-west Nigeria. 90% of the gold mining in the country …
Nigeria Sees Surge in Revenue from Electronic Money Transfer Levies. The Federal Government of Nigeria has reported a revenue generation of N103.7 billion from Electronic Money Transfer Levies (EMTL) in the first half of 2024. This figure represents a 7.55 percent increase from the N96.44 billion collected during the same timeframe in …
Opinion - Blessed beyond measure, Nigeria has black gold running in its earth's veins. Crude oil, the lifeblood of economies and a passport to prosperity flows deep beneath the surface, yet a ...
Much of northern Nigeria is rich in minerals, but corruption, illegal operations and poor working conditions are common in mining operations because the deposits are mostly in remote areas with a ...
This study explored the links between insurgencies, illegal mining, and sustainable development in Nigeria. Given the country's vast gold deposits and other natural resources such that all states and local governments have at least one resource endowment, its development path should be clear.
He noted that Nigeria is so blessed with more than 44 different Minerals including Gold in different parts of the Country, and Japaul has been strategically positioned to start the business of ...
•Gets SEC's approval on special placement of 8b units of new shares •Market capitalisation dips by N50b amid losses in 25 stocks . Japaul Gold and Ventures Plc has expressed optimism for ...
President Muhammadu Buhari says improved gold mining operations in the country will generate no fewer than 250,000 jobs and over $500 million annually in royalties and taxes to the Nigerian Government. President Buhari stated this at the official presentation of locally mined gold bars by the Presidential Artisanal Gold Mining …
Illegal gold mining has become routine in Nigeria and both compats and foreigners are neck-deep in stealing the country's highly valued mineral, yet Nigeria wallows in foreign debts, TUNDE ...
The advent of the early European explorers on the country's shore led the discovery and informal mining of tin, gold, galena and other minerals that could be traded internationally. Organized mining however began in Nigeria in 1903 when the mineral survey of the Northern protectorate was created by the British colonial government.
Osun is host to Nigeria's only large-scale commercial gold mine, facilitated by a Canadian-listed gold developer, Thor Explorations and its local subsidiary, Segilola Resources Operating Limited.
Nigeria is endowed with vast reserves of natural resources such as energy minerals like coal and lithium, metallic minerals like gold and lead-zinc and industrial minerals like limestone and barite. The country was a major …
Nigeria. Rescuers searched Thursday for dozens of workers who were trapped when a gold mine collapsed in northcentral Nigeria, authorities and residents said. The pit collapsed on Monday in Niger ...
ADF STAFF Illegal gold mining is a growing problem in Nigeria that is benefiting terrorist groups, causing violence and increasing pollution. Residents of mining areas blame Chinese nationals who set up and oversee mining and refining operations. Tension continues to rise around these pit mines. Locals accuse Chinese miners of …
Current and comprehensive mining and industrial, market data and investing news in Nigeria. ... Gold; Graphite; Iron Ore; Lithium; Manganese; Nickel; Platinum; Silver; Uranium; Zinc; Regional News. Central Africa. Cameroon; Central African Republic; ... Current and comprehensive mining and industrial, market data and …
Yemisi Izuora The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, NACCIMA, has commended President Muhammadu Buhari, on the launching of the PAGMI designed to foster the formalization and integration of artisanal Gold Mining activities into the nations legal, economic and Institutional framework. The …
The Nigerian government plans to expand gold mining in the country by increasing the land area being explored for gold mining and investing in technology that makes mining easier and cheaper. Challenges Facing Gold Mining in Nigeria. Investors and mining companies are facing a number of challenges in the Nigerian gold mining industry.
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Ghanaians are set to stage a three-day protest this week demanding government action on illegal gold mining and the release of 54 activists detained for demonstrating against the illicit activity.
Mining Nigeria is a one stop website for mining news and information in Nigeria.
Known locally as "galamsey," illegal small-scale gold mining has surged this year due to a nearly 30% increase in global gold prices. According to Ghana's mining sector regulator, small-scale mines produced 1.2 million ounces of gold in the first seven months of this year, surpassing the total output for all of 2023. However, the boom in ...
Thor Explorations (TSXV: THX) (AIM: THX) has denied the veracity of press reports alleging business malpractice at its Nigerian subsidiary that holds the owned Segilola gold project in Osun ...
Seven firms licensed to mine gold and other solid minerals in different parts of Nigeria are set to commence operation, an official has said. The Director-General of the Nigeria Mining Cadastre ...
The debate on Nigeria's vast reserves of natural resources such as energy minerals like coal and lithium; metallic minerals like gold and lead-zinc; and industrial minerals like limestone and ...
