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Maharashtra State Mining Corporation Ltd MSMC MAIN OBJECT CLAUSE To promote systematic development of various mines with a view to conserve the mineral wealth of the nation To purchase take on lease or otherwise acquire any mines mining rights and Metalliferous land in the state of Maharashtra or elsewhere and any interest therein
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Vice President Prof Yemi Osinbajo yesterday warned managers of solid mineral resources to get their acts together to enable Nigeria to harness the potential of the sector for economic development He said buried in the ground in various parts of Nigeria were riches that could guarantee every Nigerian employment
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The solid minerals are sold and marketed to international buyers and end users car manufacturers electronics manufacturers and developed world Mining and solid minerals industry in Nigeria is an untapped and underfunded industry with amazing potentials to take Nigeria to the next level The GDP contribution of this industry last year was
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The mining sector currently contributes less than 1% to Nigeria s gross domestic products the Executive Secretary Nigeria Extractive Industries Transparency Initiative NEITI Dr Orji Ogbonnaya Orji said in a statement Orji made this known in a statement signed by Obiageli Onuorah NEITI Head Communications and Advocacy while playing
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Coal can be mined by both the open cast mining method and the underground mining method Nigeria s most exploited coal mines are located at Enugu where NCC operated two underground coal mines and commercial production started in 1916 the peak in coal production was in the late 1950s reaching approximately 920 000 tons per annum After this there was a sharp decrease in production because of
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The NMC is a Federal Government Public Statutory Corporation established by Decree number 39 as contained in Gazette No 54 Vol 59 of 1972 and amended by Decree 34 of 1976 now NMC Act Cap 317 1990 The NMC as provided by the Decree was to play a dominant role and to act as a catalyst in the development of the mining industry in Nigeria
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The Omoluabi Minerals Company which was estab lished by the state government as the Omoluabi Mineral Promotion Company in 2024 commer cialises and manages this type of licence with pub lic private partnerships overseeing the promotion and development of the State s mineral resources It acquired 17 mining titles from the Nigeria Mining Corporation gold 10 quarry 4 lead and
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Mining is one of the oldest economic activities in Nigeria dating back to 340BC Early mining activity involved the extraction of gold and metallic substances Most states have identified extensive mineral resources However most of this is unquantified Apart from oil and gas which are obviously the most important mineral resources in the country but have a more limited direct impact on
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There are huge deposits of coal ranging from bituminous to lignite in the Anambra Basin of South Eastern Nigeria There are lead zinc ores within the Asaba Area of Niger Delta while tin niobium
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The Nigerian Constitution gives the Federal Government control of all natural resources meaning that there is no private ownership of solid minerals in Nigeria However states where
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Mining News Abuja — Total revenue from the solid mineral sector in Nigeria in the past nine years stands at about N262 billion maintaining a slow rise from billion in 2024 to billion in 2024
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The Senate s decision followed a motion sponsored by the Chief Whip Senator Orji Uzor Kalu In his lead debate Kalu representing Abia North Senatorial district explained that Nigeria has an
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Nigeria is endowed with numerous mineral resources such as talc iron ore bitumen gold rock salt gypsum lead/zinc coal gemstones kaolin tantalite bentonite and baryte located in different parts of the country in commercial quantity
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In a related development the Minister met with the Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla where he stressed the need for synergy and cooperation to achieve Africa s industrialization He also mentioned that the Egyptian mineral sector has a lot of similarities in policy reforms with that of Nigeria
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Solid Minerals and Mining Incentives in Nigeria The mining sector in Nigeria enjoys Pioneer Status with attendant tax holiday to all companies operating in the comprehensive package of incentives has been put in place to create a favorable environment for investment in the solid minerals and mining sector some of which are Read More
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Solid Minerals and Metallurgical Sector •30% of the royalties payable by operators who own mineral rights •30% of amounts accruing from Nigerian electronic transactions •fees and fines paid as a result of the administration of the Bill •budget allocations •donations gifts and grants and •interest and earnings accruing to
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Indeed the Nigerian economic recovery plan is designed towards the mining industry development and the Nigerian Export Promotion Council NEPC has disclosed that Nigeria is capable of generating N5 trillion from mining and solid mineral exportation based the Economic Recovery and Growth Plan ERGP and the 2024 annual budget
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Nigeria the continent s top crude oil producer launched the review in late 2024 to overhaul a largely unproductive sector dominated by small scale artisanal miners who comprise around 80 per
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In our own case by 2024 we ventured into mining of solid minerals in Nigeria which we believe has a lot of opportunities vast opportunities because Nigeria is rich in minerals even more than
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Mar 2 2022The Minister of Mines and Steel Development Olamilekan Adegbite has disclosed that Nigeria has huge investment opportunities in the mining and minerals sector He stated this when a delegation
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The Minister of Mines and Steel Development Mr Olamilekan Adegbite made the assertion while featuring a Forum in Abuja Speaking on how to promote solid minerals export to maximise the potential
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28th February 2024 Anna Okon A consultant geologist Chief Oyewola Oworu has said that the solid minerals industry is capable of generating annual revenue of $60bn for Nigeria if well
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The Report further revealed that out of Nigeria s total GDP of trillion in 2024 the solid minerals sector contributed billion representing only % while the sector s
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Nesta Kesta Global Resources Ltd is a company incorporated in Nigeria under the co rporate affairs commission with RC 743844 The company has interest in the area of sales of solid minerals and consultancy service
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on March 25 2024 By Valentine Chinyem Nigeria as a country is blessed with abundance of many resources which include stones precious metals and minerals Following the history of the Nigerian mining In the early 70s Nigeria was a major importer of coal tin and columbite as such Nigeria made a lot or revenue from the exportation
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Mining of solid minerals in Nigeria th is a long standing activity starting from the late 19 century In the first half of the 20 th century mining of cassiterite and columbite in the Jos
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Of interest for this study is mining a common activity in developing countries such as Nigeria which is endowed with over 34 solid minerals The gold mining sites in the Southwest region of the country is predominantly by Artisanal and Small Scale Mining ASM Though the benefits are known its induced consequences are enormous
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September 13 Uche Ogah minister of state for mines and steel development has alleged that the Central Bank of Nigeria CBN does not support the development of mines and solid minerals sector
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The glory days are back for the mining sector in Nigeria By Test Test Oct 1 2024 Courtesy For a country with vast solid mineral resources it is hard to believe that mining in Nigeria only contributes % to its GDP In 2024 the federal government put forward an ambitious roadmap to increase this contribution to 10% by 2024
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Nigeria is blessed with commercial deposits of many solid minerals from tantalite to barite limestone gold bitumen kaolin topaz etc The quantity of the deposits in more than 500
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