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August 18 2024 By Ripples Nigeria The Benue State Governor Samuel Ortom on Thursday ordered the suspension of mining activities in the state The governor who gave the directive at the
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The Latest news in Nigeria and world news The Guardian Nigeria Newspaper brings you the latest headlines opinions political news business reports and international news
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Dec 17 2021Nigeria Energy Resources In November the Nigerian government unveiled plans to revise its crucial mining law the Nigeria Minerals and Mining Act NMMA The outdated law which hasn t been updated since 2024 is accused of stifling growth in the nation s underdeveloped mining sector
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4 Min Read ABUJA Reuters Nigeria s government is in advanced talks with its sovereign wealth fund and stock exchange to create a $500 million exploration fund and corporate mining bonds to
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Minerals offer Nigeria new income as oil falters As crude oil output declines the mining of minerals may offer Nigeria a way to earn revenue to fund its budget with the rising spate of
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Nov 11 2020Bravura Holdings Ltd owned by Nigerian billionaire Benedict Peters has $1 billion available for the development of a platinum mine in Zimbabwe its country manager said
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The Nigerian Mining Corporation NMC was formed in the early 1980s to explore gold Lack of funding and the lure of easier profits from oil production led to its failure In recent times there has been some development in gold exploration in Osun State in South Western Nigeria
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Aug 3 2022Mining Equipment Market Excessive Growth Opportunities Estimated to be Experienced 2024 PORTLAND OR UNITES STATES August 3 2024 // The global mining equipment market size was $ billion in 2024 and is expected to …
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Proudly hosted by the Ministry of Mines and Steel Development and organised by the Miners Association of Nigeria MAN in collaboration with PwC Nigeria and The Vuka Group Nigeria Mining Week has been a committed promoter of what is widely regarded as the best next investment destination for mining houses and investors
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ABUJA July 21 Nigeria s government is considering suspending mining in the country because it is being used to finance attacks that have increased insecurity the justice minister said on
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Nigeria s mining sector opens up Mining remains a small contributor to the Nigerian economy accounting for less than 1% of the country s over US $400 billion GDP in 2024 The government appears to be a long way off its goal of 5% of GDP by 2024 However the sector is becoming better organised and more information is becoming available
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President Muhammadu Buhari presidens over the National Security Council meeting in Abuja on July 21 2024 Credit State House Malami who noted that terrorists had moved from the conventional ways of funding their activities to mining and ransom taking disclosed the government was not unaware of the economic consequences of the proposed resolutions particularly the motorcycle ban but it has
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In July the Nigerian government said the nation produced for the first time ever in June 2024 artisanally mined gold that had been processed and refined according to the London Bullion
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The ministry of mines and steel development has admonished registered miners to continue with their mining operations while adhering to safe mining protocols The advisory was contained in a statement released on Saturday by Etore Thomas director press and public relations of the ministry READ ALSO
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Jul 14 2022Real Time News Market Data and Stock Quotes For Junior Mining Stocks Nigeria Mining News July 14 2024 WildSky Resources Launched Its Exploration Program in Nigeria Vancouver British
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Mrs Marie Jeanne Ntakirutimana Ambassador of Burundi to Nigeria has called on potential investors to invest in her country s agriculture mining and other sectors The envoy made the call at a news briefing on Wednesday in Abuja ahead of the county s 60 th Independence Anniversary Ntakirutimana in her speech titled Burundi as the heart
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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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As the Federal government strives to diversify the economy through Mining and Steel Sector the revitalization of Ajaokuta Steel Company to produce optimally is of utmost concern to the present administration the Minister of Mines and Steel Development Arc Olamilekan Adegbite stressed this when he received the Russian Ambassador to Nigeria His Excellency Alexey Shebarshir in his office
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In a report dated 2024 and made available to The Nation the consulting firm chided Nigeria and other countries for churning out poor performance in the mining sector in recent times The report said 40 biggest mining companies declared a dividend of $43 billion in 2024 It said forecast indicated weaker prices for coal and copper while Iron
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NIGERIA which wants to grow its mining sector will soon publish its mining licence review result warning that it won t extend its non compliance amnesty Wendell Roelf less than 2 min read
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Nigeria s 2024 Budget Deficit Between Oil Theft and Illegal Gold Mining 2 days ago Business LATEST NEWS OPINIONS 0 The 2024 budget has a deficit of N6 26 trillion which has forced the federal government to issue new borrowings In the 2024 budget the federal government pegged the crude oil benchmark at $73 bpd with the projected oil
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The arrest of 27 illegal miners in the state has led to mining host communities demanding swift justice and compensation from the illegal miners Those apprehended include 17 Chinese nationals and 10 locals including a local traditional ruler Baale Addressing journalists on Sunday Mr Binuyo said beyond the economic leakages the illegal miners had also polluted the Osun River with
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Mining for gold in Nigeria began in 1913 During the 1930 s mining began to cease When the 2 nd World War began gold production ended Colonial firms left the mines therefore gold mining ceased The interest in gold mining picked up again in the 1960 s but the Civil War derailed that interest
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Find today s business news from Nigeria and across the World on TVC News including analysis on financial market and economic news Get the latest business analysis reviews and expert opinion as well as news commentaries View All Latest Business News By TVCN August 19 2024 Read more Governor Ortom suspends illegal mining activities in Benue By TVCN August 19 2024 Benue State Governor
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The Mining Association of Canada MAC is the national voice of the Canadian mining industry Representing members committed to sustainable mining #TSMining is used by #mining chambers in 🇨🇦🇫🇮🇦🇷🇧🇼🇪🇸🇳🇴🇵🇭🇧🇷🇦🇺🇨🇴 to ensure members of their respective associations are provided the tools to
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Nine people were killed by a landslide at an illegal gold mine in Sumatra an Indonesian official said Sunday The BLOG Articles in the Mining Industry Blog Lead Zinc Mining in Nigeria June 8 2024 Afis Oluokun Lead Pb is a bluish white lustrous metal It is a very soft metal with high malleability and ductility It has Solid Minerals in Nigeria
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Breaking News Ogun workers suspend strike after four days Read More Mining key to Nigeria s economic diversification Kindly share this story By Solomon Odeniyi 14th July 2024 By
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Nigeria sets ambitious target for mining sector growth Nigeria expects its mining sector to grow to 3% of gross domestic product GDP within the next five years from just % currently as the government seeks to diversify the economy away from oil the World Bank Approves $ Billion for Projects in Nigeria
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The re election of President Muhammadu Buhari is an impetus that has opened the gateways to the realisation of the long standing aspiration of the country to revive the Nigerian mining sector such that it becomes a reliable source of revenue generation the Chairman Board of the Solid Minerals Development Fund Alh Uba Saidu Malami has said
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Latest News Zimbabwe offers target beating incentive for biggest gold miners Oz Minerals is nice to have not must have says BHP CEO Rights organisations are seeking accountability for
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