Gold tops $2,700 for the first time to extend record-breaking run
Gold topped $2,700 an ounce for the first time as concerns over escalating conflicts in the Middle East and a tight US election race prompt investors to flock to safety.Bullion climbed as much as 1% to $2,720.17 an ounce, beating the all-time high set in the previous session. The bullish sentiment spilled over to the wider precious metals complex,...
Shettima arrives in Sweden for a 2-day visit…mining, trade, education, agriculture top agenda
Vice President Kashim Shettima has arrived in Sweden for a 2-day working visit aimed at boosting trade and bilateral relations between both nations.The Vice President is accompanied by the Plateau State Governor, Barr. Caleb Mutfwang; the Minister of Foreign Affairs, Ambassador Yusuf Tuggar and some heads of government agencies and parastatals.The visit, which is at the behest of...
Court orders final forfeiture of N2.7bn proceeds of illegal mining
Justice Emeka Nwite of the Federal High Court, Abuja on Wednesday, October 16, 2024 ordered the final forfeiture of the sum of N2, 739,836,331.31(Two Billion, Seven Hundred and Thirty-nine Million, Eight Hundred and Thirty-six Thousand, Three Hundred and Thirty-one Naira, Thirty-one Kobo), being proceeds of illegal mining of solid minerals in Endo Community, Nasarawa State. The judge gave the order following...
Illegal Mining: Court orders final forfeiture of Lideal Mines and Etong Agrotech’s N2. 7b funds in banks
Justice Emeka Nwite of the Federal High Court, Abuja on Wednesday, October 16, 2024 ordered the final forfeiture of the sum of N2, 739,836,331.31(Two Billion, Seven Hundred and Thirty-nine Million, Eight Hundred and Thirty-six Thousand, Three Hundred and Thirty-one Naira, Thirty-one Kobo), being proceeds of suspected illegal mining of solid minerals in Endo Community, Nasarawa State. The Judge gave the...
Mining on priority list as VP Shettima embarks on two-day visit to Sweden
*Photo: VP Kashim Shettima* The Vice President, Senator Kashim Shettima, will depart Abuja for Sweden on a 2-day visit to represent Nigeria in bilateral engagements with the Scandinavian nation. At the instance of President Bola Ahmed Tinubu, the Vice President, during the working visit, will engage in high-level bilateral talks with key government officials, including a meeting with Crown...
Alake Says Boundary Commission Critical To Conflict Resolution In Mining Areas
*Photo: Dr Dele Alake, Minister of Solid Minerals Development* The Minister of Solid Minerals Development, Dr. Dele Alake has harped on the need for collaboration with the National Boundary Commission to tackle boundary-related conflicts in mining areas. Speaking while receiving the commission's Director-General, Surv. Adamu Adaji, in his office, Alake, highlighted the significance of the agency in enabling smooth operations...
Uncontrolled Mining Activities Causing Ecological Disasters in Ogun-Gov. Abiodun
*Photo: Governor Dapo Abiodun* Governor Dapo Abiodun has attributed the cause of most erosions in Ogun State to activities of those who indiscriminately mine laterite and other natural resources in the state. The governor said members of the House of Representatives' Committee on Ecological Fund should impress on the federal agencies in charge of mining to monitor the activities of...
Miners Association of Nigeria endorses NESG plan to domesticate African Mining Vision’s private sector compact – Ayanleke
The Miners Association of Nigeria (MAN) is prepared to work with the Nigerian Economic Summit Group in its efforts to domicile the Private Sector Compact of the African Mining Vision in Nigeria. President of MAN, Mr Ayanleke announced this on Monday during his address at a ceremony to celebrate the 30th Nigerian Economic Summit, said the compact would serve as...
2024 Nigeria Mining Week: Avenue To Promote Critical Minerals, New Investments, Forge Strategic Partnerships
By Alaba Balogun The Federal Government through the Ministry of Solid Minerals Development is set to utilize the forthcoming Nigeria Mining Week as a platform to promote its critical minerals for domestic industrialization and foreign investment. Honourable Minister for Solid Minerals Development, Dr Dele Alake made this known during a Pre-Event Press Briefing, announcing the 9th Edition of the Nigeria Week;...
Alake On Rescue Mission:A Review
*Photo: Minister of Solid Minerals Development, Dr Dele Alake* By Tunde Rahman “Alake on Rescue Mission” is much more than a photo book of activities, events and work of the Minister of Solid Minerals Development, Dr. Oladele Henry Alake, in one year in office. It’s a serious-minded and exciting piece of writing on the minister's stewardship. If you see it as the...
