With no recovery in sight, lithium prices force miners to reevaluate output
With lithium prices languishing near three-year lows and showing no signs a recovery is coming, attention is now turning to whether miners will be forced to rein in supply of the battery metal. Clearer indications of the intentions of some top miners may be revealed in the coming weeks with the release of quarterly production reports or earnings. The insights...
EFCC Arrests 10 Suspected Illegal Miners in Oyo State
Operatives of Ibadan Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, have arrested 10 suspected illegal miners in Ogbomoso, Oyo State. They were arrested with six trucks fully loaded with lithium. The suspected illegal miners are: Yunusa Adisa, Ganiyu Kazeem, Muideen Babayemi, Sulaiman Usman, Adeleke Waliu, Tiamiyu Rokeeb, Olusola Sunday, Oyedokun Oluwagbemiga, Sulaimon Ishiaq and Olufimihan Eniola. EFCC said in...
President Tinubu tasks Africa’s Ministers of Solid Minerals on management of natural wealth of the continent
*Photo: President Bola Tinubu addressing African Ministers of Solid Minerals under the auspices of African Minerals Strategy Group (AMSG)* President Bola Tinubu on Wednesday in Abuja asked African leaders in the solid minerals sector to be patriotic and proactive in the management of the natural wealth of the continent and combat illegal exploitation. Speaking when he received a delegation of African...
All New Mining Licenses Must Have Local Value – Tinubu… Says directive will position Nigeria as critical metals leader
*Photo L-R:Deputy Governor of Benue State, Samuel Ode ; Deputy Governor of Nasarawa State, Dr. Emmanuel Akabe ; Minister of Solid Mineral Development, Dr. Dele Alake and Vice President Kashim Shettima during the African Natural Resources and Energy Investment Summit at the Banquet Hall, State House Abuja on Wednesday (17/07/024).* President Bola Ahmed Tinubu has instructed the Federal Ministry of...
AFNIS:Alake, other African Mining Ministers Plan Tougher Rules For Value Addition
*Photo:Minister of Solid Minerals Development, Dr. Dele Alake (Right) and Secretary General, African Mineral Strategy Group, H.E Moses Michael Engadu during a ministerial roundtable at the African Natural Resources and Energy Investment Summit held in Abuja, on July 16, 2024.* Stiffer measures to stop raw mineral exports and boost value addition topped talks among African ministers of mining at the...
Most illegal miners have connections in high places, says CDS
*Photo: A mining site* Chief of Defence Staff, General Christopher Musa, said on Monday, July 15, that illegal mining which many have linked to the security in parts of the country is carried out by those with connections in high places and often brag about it. He spoke just as the Nigerian Army said it has so far arrested 387 individuals...
Illegal mining: FG arraigns eight Chinese nationals, one Nigerian
The Federal Government's efforts to combat illegal mining received a significant boost yesterday with the arraignment of several Chinese nationals for illegal mining activities in Lokpaukwu community, Umuchieze, within Umunneochi Local Government Area of Abia State. The suspects, including eight (8) Chinese nationals and one Nigerian, were recently apprehended by the Mining Marshals, an elite security outfit crafted from the...
AFNIS will harness Africa’s mineral resources for sustainable development – Alake
* Minister of Solid Minerals Development, Dr. Dele Alake (middle), Director, Human Resource Management, Ministry of Solid Minerals Development, Mrs Ijeoma Idika (left) and CEO/Managing Partner, Core International, Mr. Suleiman Zakari during a press briefing for the 3rd Editon of the Africa Natural Resources And Energy Investment Summit (AFNIS) 2024 in Abuja on July 11, 2024.* The Minister of Solid...
Reforms spur investors confidence in mining sector- Alake
"The minister urged investors to capitalize on Nigeria's extensive mineral deposits, noting the identification of over 40 million tonnes of talc deposits in Niger, Osun, Kogi, Ogun, and Kaduna states; approximately 1 billion metric tonnes of iron ore in Kogi, Enugu, Niger states, and the Federal Capital Territory; and an estimated 10 metric tonnes of lead and zinc spread...
FG Announces New Mining Rates
"Under the new regime, investors applying for a Mining Lease license will pay N3 million, while Small Scale Mining Lease (SSML) applicants will pay N300,000 for the first two cadastral units. The cost to obtain an Exploration Licence (EL) is N600,000 for the first 100 cadastral units. A Quarry lease now attracts N300,000, while reconnaissance permit is N300,000." *Photo: Minister...
