News

The federal government on Monday charged investors especially in the mines and steel sector to ensure that they carried along their host communities before commencing operations. Olamilekan Adegbite, Minister of Mines and Steel Development, gave the charge when he visited the Integrated Steel Plant being built by the African Natural… Read more »

Ilorin — The federal government at the weekend said it had signed a memorandum of understating (MoU) with the Russian government towards reviving the multi- billion naira Ajaokuta Steel Company. The Permanent Secretary, Ministry of Mines and Steel Development, Dr Abdulkadir Muazu, disclosed this in Ilorin, Kwara State, during a… Read more »

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 »