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Tag: mineral resources

Investment

Nigeria, US sign deal for $700bn mineral resources development

The Federal Government and the United States have signed an agreement to deepen American investment in Nigeria’s mining sector and promote greater development of the country’s mineral resources. The Minister of Solid Minerals Development, Dele Alake, and the US Deputy Secretary of State, Christopher Landau, signed the agreement on Wednesday at the Nigeria Mission House […]

Conferences

UNGA81: Tinubu demands alliance to end Africa’s mineral exploitation

President Bola Tinubu has called for a fresh continental push to end the exploitation of Africa’s critical mineral resources. Tinubu, represented by Vice-President Kashim Shettima, made the call at the third Africa Minerals Strategy Grou High-level Roundtable on Critical Minerals Development in Africa. The roundtable was held on the sidelines of the ongoing 81st Session […]

World

Global lithium demand to rise 353%

Global demand for lithium is projected to increase by 353 per cent between 2024 and 2040, while demand for graphite is expected to rise by 131 per cent, demonstrating the growing importance of critical minerals in the global energy transition. This was disclosed in a recent report by the United Nations Conference on Trade and […]

News

NSCDC arrests 15, seizes eight trucks loaded with illegal minerals

The Edo Command of the Nigeria Security and Civil Defence Corps has successfully arrested 15 suspects and impounded eight trucks loaded with illegally mined solid minerals following a series of coordinated operations conducted across the state. The State Commandant, Saidi Akintayo, announced the arrests on Monday, characterizing the rigorous crackdown as a major operational breakthrough […]

featured News

Chinese geologists discover massive mineral deposits in C’River

A new geological exploration exercise jointly conducted by the Cross River State government and a team of Chinese geologists has revealed extensive deposits of solid minerals across the state, positioning Cross River as an emerging hub in Nigeria’s mining sector. According to Tribune, the Commissioner for Solid Minerals, Mr. George Oben-Etchi, who confirmed the development […]

Over 160,000 benefited from Tinubu's transport subsidy - Alake
News

Africa must industrialise with minerals, end exploitation – Alake

The Minister of Solid Minerals Development and Chairman of the African Minerals Strategy Group, Dele Alake, has issued a strong call to African leaders, urging them to reposition the continent’s mineral wealth as the foundational bedrock of a new wave of transformative industrialization. Delivering a keynote address at the ongoing African Mining Week in Cape […]

Olamilekan-Adegbite
Business

How mining companies’ mineral titles dropped 37% – Report

A recent report has revealed how mineral titles conferred to mining companies in Nigeria dropped by 37 per cent. According to The PUNCH, a total of 2815 titles which were conferred in 2016 dropped to 1438 in 2021. In 2019, the Minister of Mines and Steel Development, Architect Olamilekan Adegbite, reported that the application for […]

Nigeria's mineral production rose by 39% in 2021 - NBS
News

Nigeria’s mineral production rose by 39% in 2021 – NBS

The National Bureau of Statistics has disclosed that Nigeria’s mineral production increased by 39.19% in 2021, from 64.29 million tons recorded in 2020 to 89.48 million tons in 2021. This was disclosed in an NBS report on Monday titled, ‘Mineral production Statistics’ for 2021. The report added that the most mined mineral in Nigeria remains […]

Nigeria, others impacted by under-utilisation of mineral resources - Minister
Economy

Nigeria, others impacted by under-utilisation of mineral resources – Minister

Despite huge deposits, Nigeria and other African countries suffer from the under-utilisation of mineral resources, the Minister of Mines and Steel Development, Olamilekan Adegbite, has said. Adegbite made this known during the first International Conference and Exhibitions of the Nigerian Society of Economic Geologists in Abuja. Represented by the Director-General, Nigerian Mining Cadastre Office, Obadiah […]

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