Repositioning Africa’s Solid Minerals Sector: The task ahead for Alake, AMSG
Dr Alake (seated right) with Secretary General of AMSG Amb. Moses Engandu and other Ministers of Mines By Laraba YakubuAfrica holds about 30 per cent of the world’s mineral resources, yet it remains the world’s poorest continent. According to the World Bank, 22 of the 26 countries classified as low-income economies are in Africa, indicating that the continent’s abundant...
Rare Earth Mineral Scramble: Nigeria’s Ticket to the Global Stage
By Adesuwa Dan-Princewill The world is reeling from a series of events that have redefined mineral security. The "Global Power Play" is no longer a boardroom discussion; it is happening on our doorsteps. Following the seismic shift of Operation Absolute Resolve in Venezuela and the strategic U.S.-Ukraine Mineral Resources Agreement, the era of 'mining as usual' has ended. It...
FG consoles DR Congo over mine collapse that killed hundreds
The Nigerian government has expressed deep sorrow over the tragic collapse of the Rubaya Coltan Mine in eastern Democratic Republic of the Congo (DRC), which claimed more than 200 lives and left many others injured.In a statement issued by the spokesperson of the Ministry of Foreign Affairs, Kimiebi Ebienfa, Nigeria conveyed its heartfelt condolences to the Government and people...
South-east states move to harness the region’s mineral wealth to drive industrialization
Vice President Kashim Shettima has called on the people of the South-East to leverage the region's abundant mineral deposits to drive industrialization in the country.He made the remarks at the Vision 2050 South-East Stakeholders Forum, held at the International Conference Centre, Enugu, on Wednesday. The theme is “Charting a Shared Vision for Sustainable Prosperity for South-East Nigeria”. Shettima explained...
NEITI boss lauds research on Illicit Financial Flows in Nigeria’s Solid Minerals Sector
*Hon Musa Sarkin Adar, NEITI Executive Secretary* Executive Secretary of theNigeria Extractive Industries Transparency Initiative (NEITI) , Hon Musa Sarkin Adar, has commended a research carried out on Illicit Financial Flows (IFFs) in Nigeria's Solid Minerals Sector, saying it aligns with the mandate the agency. He spoke in Abuja on Wednesday at the Public Presentation of Research Project and Policy Dialogue on addressing...
Ellipse International boss, Denzel Akogwu advocates decentralized mining regulatory environment
*Mr. Denzel Henry AkogwuThe Chairman of Elipse International Limited,Mr. Denzel Henry Akogwu, has called for a decentralization of the mining sector, arguing that the 2007 Nigerian Mineral and Mining Act has left local authorities powerless while illegal operators strip the northern region of its wealth. Akogwu said although Northern Nigeria sits on a fortune of gold, lithium and gemstones, these...
Glencore sells 40% stake in DR Congo mines to newly established US-govt backed firm for $9 billion
Anglo-Swiss multinational, Glencore has reached an agreement to sell a 40% stake in two of its copper and cobalt projects in the Democratic Republic of the Congo (DR Congo) to a US government-backed investment group. The deal comes as Washington intensifies efforts to secure access to minerals vital to advanced manufacturing, renewable energy technologies, and national defense supply chains.In...
Algeria opens newly-built 600-mile railway to tap vast Iron-Ore deposit
*President Abdelmadjid TebbouneAlgerian President Abdelmadjid Tebboune has inaugurated a 950-kilometer (590-mile) railway built in collaboration with China that’s key to exploiting vast iron-ore deposits in a bid to diversify the OPEC member’s economy.The step gives the green light for the first shipments of ore from the Gara Djebilet mine in the western desert near the Moroccan border — a...
Gold and silver’s $7 trillion wipeout delivers a painful lesson about risk
If ‘safe’ investments like gold and silver can crash in a single day, investors need to reconsider their portfolio hedges By Naeem Aslam For assets that many investors treat as protection, the speed and scale of the wipeout in gold and silver on Friday was unnerving. The immediate instinct is to ask what went wrong — but that misses the point. The real...
Ten persons and trucks arrested for suspected illegal mining activities in Kwara
Operatives of the Ilorin Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, have arrested ten individuals suspected of involvement in illegal mining activities along the Ilorin - Ogbomosho axis.They were arrested on Sunday, February 1, 2026, following credible intelligence on unlawful mineral excavation and transportation in parts of Kwara and Oyo States.The suspects, comprising nine truck drivers...
