The current bank lending rate of 20-27 per cent will not make mining operations profitable in Nigeria. The Zonal Chairman, Nigerian Society of Mining Engineers, Engr. Markus Pwajok, stated this when he addressed the 56th Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) AGM/Conference in Jigawa State. Pwajok said the mining companies
STATEMENT TO THE PRESS ON THE OCCASION OF THE PRE-EVENT PRESS BRIEFING, IN VIEW OF THE 2016 INTERNATIONAL MINING INVESTMENT CONFERENCE AND EXHIBITION (IMICON), DELIVERED BY DR. PETER SUNDAY OLA ON THURSDAY 2ND JUNE, 2016. On behalf of the IMICON Conference Organizing Committee, in partnership with Nigerian Investment promotion Commission, I welcome each and every
Yesterday, the Secretary-General of the African Iron and Steel Association (AISA), Dr Muhammad Sanusi, told African leaders to encourage the development of the iron and steel sector to industrialize the continent. Sanusi, who gave the advice in an interview with newsmen in Abuja, said no nation or continent could industrialize without having an iron and
Throughout his campaigns and inaugural address, President Muhammadu Buhari talked about how he wanted to use agriculture and mining to create jobs for Nigerians and diversify the economy. How far has he gone in fulfilling the promises? In his inaugural media briefing, the minister of solid minerals, Dr. Kayode Fayemi, identified limited infrastructure, insufficient geological data,
The long-awaited Nigeria oil and gas as well as the solid minerals sectors 2013 audit reports by the Nigerian Extractive Industries Transparency Initiative, NEITI, was officially unveiled in Abuja on Monday, 23 rd May, 2016.   The Minister of Solid Minerals and Chairman, NEITI Board, Kayode Fayemi, who unveiled the report, said the document contained
Minister of Solid Minerals Development, Dr Kayode Fayemi, has urged Britain to take advantage of the abundant minerals deposits in Nigeria and the enabling environment being created by the Muhammadu Buhari administration to invest in the country’s mining sector. Fayemi, who addressed British parliamentarians and investors at a session organised by the All-Party Parliamentarian Group
The Minister of Solid Minerals Development, Dr Kayode Fayemi, will on Thursday, May 19, 2016, address the United Kingdom Parliamentarians in Westminster, London on Nigeria’s diversification agenda. A statement from the Solid Minerals Ministry has said. The statement which was signed by the Special Assistant to the Minister on Media, Olayinka Oyebode said the invitation is sequel to an
The Nasaman Group has trained an indigenous workforce has been trained to use the sophisticated plant imported from Canada, South Africa and Zimbabwe. Manifold opportunities will be created as the facility is replicated countrywide. Source: Nasaman Apart from providing safe, economic and chemical-free processing facilities, formalising the activities of artisanal and small scale mining will provide