Mining Equipment Life Cycle Cost for Nigerian Miners
By Engr Toks Aregbesola IntroductionLife Cycle Cost (LCC) analysis is a crucial management tool for evaluating the total cost associated with owning, operating, and disposing of an asset over its entire lifespan. For miners in Nigeria, understanding and managing the LCC of equipment is vital for profitability, efficiency, and sustainability, especially given the sector's potential and inherent challenges.LCC moves...
Nasarawa Govt threatens to close all unregistered mining sites in the state
The Nasarawa State Government has announced a partnership with security agencies in the state to ensure that illegal miners across its 13 local government areas stop their activities or get arrested and made to face the law.The state Commissioner for Information, Culture and Tourism, Ibrahim Tanko, disclosed this during a ministerial press briefing in Lafia, the state capital, on...
Canadian gold miner Barrick seeks World Bank mediation in Mali operation dispute
Canadian company, Barrick Mining has appealed to the World Bank’s arbitration tribunal to settle a legal dispute with Mali. The company is at risk of otherwise losing control of its gold operations in the West African country, Reuters reported on Friday. The request to the International Centre for Settlement of Investment Disputes (ICSID) comes ahead of a Malian court ruling...
Kaduna Mining MD promises to oversee grouping of 10,000 artisanal miners into production clusters
*Kaduna State Governor Uba Sani The Kaduna State Government is working to formalise the grouping of over 10,000 artisans miners into clusters because of their capacity to contribute to the economy and the export market. Managing Director of Kaduna Mining Development Company, Alhaji Shuaibu Kabir Bello, stated this at a strategic engagement on the establishment of solid minerals clusters, aggregation centres...
Reps accuse Chinese-owned firms of flouting Nigerian mining laws, threaten licence invalidation
Members of the House of Representatives Committee on Solid Minerals have condemned what they said is growing disregard for Nigerian mining and environmental laws by mining companies, especially by firms linked to Chinese nationals. Chairman of the Committee, Jonathan Gaza, speaking at a sitting organised to discuss the matter at the National Assembly in Abuja, lamented the absence of company...
NSCDC uncovers 460 illegal mining sites, arrests 387- Commander
*Onoja (right) with a local leader after a mine recovery operation By Kelechi Ogunleye The Nigeria Security and Civil Defence Corps (NSCDC) has uncovered 460 illegal mining sites and arrested 387 suspects in 14 months. The NSCDC Mining Marshals, Commander, Attah Onoja, said this in an interview with the News Agency of Nigeria (NAN) on Wednesday in Abuja. Onoja said that from the...
Success in extraction depends on efficient deployment of mining equipment
By Tokunbo Aregbesola Nigeria, a land of immense geological diversity, holds a treasure trove of mineral resources. From the tantalizing allure of gold and tantalite to the industrial backbone of coal and limestone, the nation's mining sector possesses the potential to be a significant contributor to its economic diversification and growth. However, the realization of this potential is intimately linked...
Illegal mining operations attract jail term, not fines – Mining Marshals boss Onoja
L-R: Engr Obadiah Nkom of the Nigerian Mining Cadastre Office and Mr Attah Onoja of the Mining Marshals Illegal mining operators across the country face prosecution and imprisonment by a court of law if they did not desist, the Commander of the Nigeria Security and Civil Defence Corps Mining Marshals, Attah Onoja has warned. Onoja also emphasised that illegal...
Mining Marshals dismantle illegal mining operation in Kogi community
The Special Mining Marshals of the Nigerian Security and Civil Defence Corps (NSCDC) have dismantled a major illegal mining ring operating in the Odagbo-Okaba district of Ankpa Local Government Area, Kogi State.The operation, led by the Corps Commandant, John Onoja Attah, resulted in the arrest of 17 suspects, impounding of three trucks, and the seizure of 39 motorcycles used...
Tinubu’s mining reforms yield six-fold increase in revenue, $800 m foreign investment- Alake
*Photo: President Bola Tinubu* Nigeria's solid minerals sector, driven by the President Bola Tinubu administration's new policy of local value addition and a tightened licensing regime, attracted over $800 million in processing projects last year. The sector also generated over ₦38 billion in revenue in 2024, up from just ₦6 billion the previous year, despite receiving only 18% of its...
