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...
Police nab 21 suspected illegal miners in Zamfara raid
The Zamfara State Police Command has announced the arrest of 21 individuals suspected of involvement in illegal mining activities during a targeted operation in Boko Village, Zurmi Local Government Area, and Kaya Village, Maradun Local Government Area.The raid, carried out on January 31, 2026, was a joint effort by the Zamfara State Police Command, the Nigerian Security and Civil...
Dangote, China’s XCMG forge alliance on Infrastructure, Mining, Green Tech
*Aliko Dangote, President/CE, Dangote Group (3rd left); Mr. Yang Dongsheng, Chairman of Xuzhou Construction Machinery Group (2nd right); Mr Hanson Liu, the Vice President of XCMG (right) Dr Hassan Mahmud, Group Chief Economist, Dangote Group (2nd left) and Mathur Raghav – Director in charge of Project, Dangote Group (left) Dangote Industries Limited has entered into a strategic cooperation agreement with...
Orji Kalu’s Swiber Africa, CCL Group sign agreement to develop lithium value chain, power generation
Senator Orji Kalu's Swiber Africa has signed a framework cooperation agreement with China’s GCL Group to develop new-generation energy system and lithium battery value chain, marking a significant step in China–Nigeria industrial collaboration. The agreement was signed in Dubai by Chairman of GCL Group, Zhu Gongshan, and Chairman of Swiber Africa, Dr Orji Uzor Kalu. It provides for joint development of...
CDA dispute: Nasarawa govt orders one-week closure of mining operations in Kokona LGA
The Nasarawa State Government has ordered a one-week shutdown of all mining activities in Kokona Local Government Area as part of efforts to defuse tensions between Timadics Mining Company and its host community. The Commissioner for Environment and Natural Resources, Princess Margaret Itake Elayo, announced the decision on Tuesday in Lafia during a meeting involving officials of Timadics Mining Company...
Gold soars above $5,300 per ounce
The price of gold has continued to rally on Wednesday, reaching above $5,300 per ounce to an all-time high. The rally has been attributed to strong safe-haven demand amid geopolitical uncertainty and a weakening US dollar.On Wednesday, spot gold prices rose to $5,319 as of 19:50 GMT, extending the precious metal’s record-breaking streak. Prices have gained more than 20%...
ER-KANG Company’s $20m lithium factory flagged off in Kwara
*Photo: The ER-KANG Company Limited team during a visit to Governor AbdulRahman AbdulRazaq(middle)* The ER-KANG Company Limited $20m lithium factory has been flagged off in Kwara State. Mr Sun Qing Rong, team lead of the company said this during a visit to Governor AbdulRahman AbdulRazaq at Government House, Ilorin, the Kwara State capital, on Tuesday, 27th, January, 2026. Rong said the firm...
Army arrest 27 suspected illegal miners in FCT
Troops of the Nigerian Army(NA) have apprehended 27 suspected illegal miners in the Federal Capital Territory (FCT). A source close to the NA disclosed on Tuesday that troops of 7 Guards Battalion under Operation MESA raided an illegal mining site at Iddah in Bwari Area Council of the FCT and arrested the 27 suspects. Illegal miners’ camps were also reportedly destroyed...
