Tag: Solid minerals sector

‘FG launches gold refinery in Lagos’ –  Minister 

Aminu Imam
Dele Alake on gold refinery

The Federal Government has inaugurated a high-purity gold refinery in Lagos, as part of a broader push to strengthen Nigeria’s local mineral processing capacity and position the country as a leading hub for critical minerals in Africa. Minister of Solid Minerals Development, Dr. Dele Alake, disclosed the developments on Tuesday  during a bilateral meeting with Saudi Arabia’s Minister of Industry and Mineral Resources, Ibrahim Al-Khorayef, ahead of the Future Minerals Forum in Riyadh, Saudi Arabia.  According to Alake, the Lagos refinery is already operational. “The projects mark tangible outcomes of…

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Kaduna unveils major multi-metallic mineral discovery

Aminu Imam
Kaduna unveils

Kaduna State Government, through the Kaduna Mining Development Company, (KMDC), has announced the discovery of a vast deposit of multi-metallic minerals – including gold, lithium, copper, and nickel – in Gidan-Waya, Jema’a local government area. According to KMDC, the find includes an inferred resource of 33 million tonnes (MT) of gold and 187MT of nickel ore bodies. The discovery was made by Kian Smith, for the KMDC and Anka Metals joint venture, during exploration for tin in the pegmatite belt of the region. The exploration also revealed 97MT of enriched…

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World’s largest gold deposit found; worth over US$80bn

Aminu Imam
Gold deposit found

A deposit of high-quality gold ore containing around 1,000 metric tons (1,100 US tons) of the precious metal has been discovered in central China, according to Chinese state media. Valued at approximately 600 billion yuan, or US$83 billion, the discovery could be considered the largest and most lucrative reservoir of gold ever uncovered, surpassing the 900 metric tons estimated to lie within the mother of all gold reserves, South Deep mine in South Africa. The Geological Bureau of Hunan Province announced the detection of 40 gold veins within a depth…

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FG launches National Gold Purchase Programme to boost Naira’s value

Aminu Imam

The Federal Government yesterday announced the official launch of the National Gold Purchase programme, (NGPP), which aims to increase the countrys reserves and boost the value of the Naira. Minister of Solid Minerals, Dele Alake, revealed this information through his official X account, when he presented the gold bars to President Bola Tinubu at the Presidential Villa in Abuja. He explained that the bars were sourced from artisanal and small-scale gold miners and refined by an agency of the Ministry, the Solid Minerals Development Fund. The Minister also disclosed that…

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Ministries of Defence, Solid Minerals collaborate to secure mining fields

Aminu Imam

In a joint effort to bolster security in the nations mining sector, the Ministry of Defence is partnering with the Ministry of Solid Minerals Development. The objective is to enhance the sectors contribution to the Gross Domestic Product (GDP) and augment Government revenue. During a courtesy visit, Minister of Defence, Mohammed Badaru, and Minister of State Defence, Bello Matawalle, affirmed their commitment to this collaboration. Badaru emphasised the significance of securing both farming and mining areas, underscoring their critical roles in earning essential foreign currency and revitalizing the national economy. In…

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Well make solid minerals our largest source of revenue – FG

Aminu Imam

President Bola Ahmed Tinubu, has disclosed that his administration is working towards making solid minerals Nigerias largest source of revenue. Tinubu stated this on Tuesday, at the second edition of the ongoing African Natural Resource and Energy Investment Summit, AFNIS, with the theme: A Just Transition,whichheld at the International Conference Centre, Abuja. The President, who was represented by the Secretary to the Government of the Federation, Senator George Akume, said Nigeria was able to make petroleum its largest source of revenue, and that Nigeria can do it again with solid…

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Solid Minerals, Nigerias next petroleum Minister, Alake

Aminu Imam

Minister of Solid Mineral Development, Dele Alake, has identified solid minerals as Nigerias next petroleum. A statement issued yesterday by the media aide to the Nasarawa State governor, Ali Abari, quoted the minister as saying this when he received the governor, Abdullahi Sule, at the headquarters of the Ministry in Abuja. Alake explained that since Nasarawa State, known as the Home of Solid Minerals, was sitting on top of the countrys next petroleum, it had become imperative for his ministry to cooperate and coordinate all the dynamics surrounding solid minerals…

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Federal Government issues illegal miners 30-day ultimatum

Aminu Imam

…To review mining licenses The Federal Government has issued a 30-day ultimatum to illegal miners to desist from such activities in the country. Speaking during a press conference in Abuja yesterday, the Minister of Solid Minerals Development, Dele Alake, explained that all efforts to formalise unlicensed miners into cooperatives have proved abortive. He further stated that the ministry will review all mining licenses in the country as part of its transformation agenda. Other transformation agenda listed out by the minster are formation of the Nigerian Solid Minerals Cooperation, joint ventures with…

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Solid minerals, new petroleum for Nigeria – Minister, Dele Alake

Aminu Imam

Minister of Solid Minerals Development, Dele Alake, has hinted on strategic measures proposed by the Tinubu-led administration to tackle the menace of illegal mining, as it seeks to make solid mineral sector the new petroleum for Nigeria. According to the Minister, the menace of illegal mining that has eroded and deprived the country of substantial revenue will be nipped in the bud under the political will and firmness of the administration of President Ahmed Tinubu. According to him, The solid minerals sector is now the focal point of generating revenue…

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‘Neglect of solid mineral sector fuelling insecurity’ – Masari

Aminu Imam

Katsina State governor, Aminu Bello Masari, has cited Nigerias failure to fully exploit its abundant solid mineral resources as one of the main reasons for escalating violent crimes and political agitations in the country. According to his spokesperson, Abdu Labaran, in an issued statement, Masari stated this during a courtesy call on the Minister of Mines and Steel Development, Olamilekan Adegbite, in Abuja, on Monday. The governor also said the agitation for resource control and restructuring would dry up when other resources, such as solid minerals, are fully exploited and…

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