News

Abuja — The federal government has disclosed its willingness to give incentives to mining companies by lowering export levies for firms that are ready to commit to developing, processing, refining facilities and give licencing support to any investors who meet its mineral downstream criteria. The Minister of Mines and Steel… Read more »

The Minister for Mines and Steel Development has disclosed that Chinese domination of the country’s mining sector, is adding little or no value to the development of Nigeria’s economy. According to Punch, the Minister, Olamilekan Adegbite, while speaking at workshop organised by the ministry in collaboration with the Lagos Business School, disclosed that… Read more »

Saudi Arabia aims to raise the kingdom’s mining revenues to $64 billion from $17 billion by 2030, Energy Minister Khalid al-Falih said on Monday.Mining vast untapped reserves of bauxite, phosphate, gold, copper and uranium is key to the Saudi Arabia’s efforts to diversify its economy away from hydrocarbons.Studies indicate that… Read more »

RIYADH — Minister of Industry and Mineral Resources Bandar AlKhorayef has confirmed that the mining regulation is set to be issued soon to tackle the issues in the sector.He called upon businessmen in the mining sector to specify all their needs and demands so that they are dealt with, the way… Read more »

  ASX-listed Nigerian steel hopeful Kogi Iron has undertaken a share placement to raise US$2.35 million to process the bankable feasibility study for its 100% owned Agbaja cast steel project in Nigeria. Nigeria – The share placement, to an institutional investor, and various professional and sophisticated investors, is expected to… Read more »