China’s Zijin buys Ghana gold mine from Newmont for $1b
China’s Zijin Mining Group (601899.SS), will buy the Akyem Gold Mine Project in Ghana from U.S. based Newmont Corp (NEM.N), for $1 billion, the companies said on Wednesday.The sale is a part of Newmont’s ongoing programme to divest non-core assets as the company makes a strategic shift to focus on its tier one assets, the U.S. gold producer said.Newmont...
Alake inaugurates probe panel on Osun/Segilola face-off
*Photo: Dr Dele Alake, Minister of Solid Minerals Development* The Minister of Solid Minerals Development, Dr. Dele Alake has inaugurated the fact-finding team constituted in the heat of the face-off between Osun State Government and Segilola Resources Operating Limited (SROL). In a press briefing, Dr. Alake restated the position of the federal government that mining belongs to the exclusive legislative list...
Segilola: Osun Govt Secures Court Order to Stop Operations Of Mining Company
*Photo: Governor Ademola Adeleke of Osun State* An Osun State High Court on Monday issued a restraining order against Segilola Resources Operating Limited stopping its operations forthwith. This is based on an application by the Osun State Government before the court against the company. Ruling in favour of the State Government Justice A.A Aderibigbe, ordered against Segilola Resources Operating...
Thors/Osun Tax Dispute: Adeleke welcomes Federal interventions, clarifies Osun government position
Osun State governor, Ademola Adeleke at the weekend welcomed the intervention of the Federal Ministry of Mines on the state's tax disputes with Thors Explorations Limited, stating that the state validated its claims within the context of the Constitution and extant laws.The Governor, who had earlier reached out to the Minister of Mines, Dele Alake on phone, said...
Uganda sets up state-owned firm to take stakes in mining operations
*Photo:Uganda’s Minister of Energy and Mineral Development, Ruth Nankabirwa* Uganda has formed a state-owned mining company to manage the government’s equity interests in mining operations, its minister for energy and mineral development, Ruth Nankabirwa, said. All mining activities in the east African country have previously been done by private firms after obtaining exploration and mining licenses. Under a new mining law approved...
Tinubu congratulates Dele Alake on 68th birthday
President Bola Tinubu has congratulated the Minister of Solid Minerals Development, Dr Oladele Alake, on his 68th birthday.President Tinubu celebrates his long-time ally, buddy, brother and invaluable partner for his support throughout his political journey as Senator, Governor of Lagos State, Presidential candidate and President of the Federal Republic of Nigeria.The President says he cherishes working closely and collaboratively...
Dele Alake wades into crisis between Osun Government and Segilola Mining Company
*Photo: Dr Dele Alake, Minister of Solid Minerals Development* The Ministry of Solid Minerals Development says it is probing the claims and counter-claims of Osun State Government and Thor Explorations Limited, owners of the Segilola Resources Operating Limited over taxation and operational matters. The Minister of Solid Minerals Development, Dr. Dele Alake announced today, Friday, 4th October 2024 that a fact-finding...
Canada’s Barrick Gold seeks to resolve mine dispute with Mali
Canadian firm Barrick Gold Corporation has announced an agreement with Mali’s government on resolving claims and disputes over concessions to mines in Loulo and Gounkoto, located in the western part of the Sahel nation.The contract terms will be made public once the settlement is finalized, the world’s second-largest miner said in a statement on Monday. The announcement comes just...
Dangote Granite Mines disburses scholarships to students in Ijebu-Igbo host communities
As part of its social investment programme aimed at promoting educational development in its host communities, Dangote Granite Mines Limited has awarded multi-million naira scholarships to secondary school and tertiary institution students from Ijebu-Igbo in Ijebu-North local government area of Ogun State over the weekend. The company stated that the scholarship initiative underscores its commitment to empowering local communities...
WIMIN’s Gem and Jewlery Conference & Exhibition: Highlighting the 3-point interventions to drive mining industry to next level
By Shakirudeen BankoleAs the three-day conference and exhibition of Gemstones and Jewelries came to a close on Saturday, September 28,, 2024, with a relaxing dinner, participants departed with a determination to enhance much needed critical interventions to reposition Africa's mineral wealth as a long-term solution to the prevailing economic and social problems bedeviling the continent.Organised by Women in Mining...
