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Govt Unveils New Road Map for Mining

The Federal Executive Council (FEC) has approved a new road map for the growth and development of the nation’s mining industry.‎‎ The Minister of Solid Minerals, Kayode Fayemi, told journalists after the FEC meeting that the road map sought to increase contribution of the sector...

High Grade Nickel Discovered in Nigeria

...FG evaluating new mineral discovery A private mining syndicate headed by Mr. Hugh Morgan, a mining industry veteran, has made a potentially “high grade” Nickel discovery in Nigeria, The Australian, an Australian national newspaper, has reported. According to the newspaper, the discovery is unusual because the...

FG Needs $7bn to Kick-start Mines, Steel Industry

The Federal Government is seeking investments worth $7bn in mining and steel over the next decade as it targets the development of gold and iron ore extraction industries to diversify the nation’s oil-dependent economy. One of the government’s priorities is to meet the annual steel...

Explosives: Govt Appoints Mines Officers for States, Zones

Following the announcement of the of diversion of explosives to militants operating in the Niger Delta region, the Federal Government has named about 43 mines officers to be deployed in the 36 states of the federation and the Federal Capital Territory. Some of those to...

Govt Moves to Generate Electricity from Uranium

The Federal Government has commenced moves to generate electricity from nuclear materials, particularly uranium. To achieve this, it invited experts from the International Atomic Energy Agency to conduct a one-week training for nuclear practitioners as well as security officers in the country on the extraction,...

Resuscitating Ajaokuta Steel Coy: Ukraine’s $1bn Lifeline

Minister of Solid Minerals Development, Dr. Kayode Fayemi, has said that Nigeria is aiming to hand over the $4.5 billion Ajaokuta Steel Complex to private operators this year as part of a plan to kick-start its industrial and mining industries. The Ajaokuta Steel Company Limited...