Solid mineral investors seek government intervention to curb illegal mining activities
Online Editor
March 8, 2021
Onome Amuge Investors and registered miners in solid minerals have expressed their displeasure over the emergence and continual disruptive activities of illegal miners in Edo State, particularly in Dagbala, Akoko-Edo local government area, a community noted for its abundant gold deposit among other solid minerals. Calling on the Federal Ministry of Mines and Steel Development […]
Mining: A geo-data system disruption
Temitayo AyetotoApril 23, 2018
Nigeria’s failure to consolidate on the foundational efforts of the British colonial regime in its mining sectors has been hinged on a dearth of the geological information system, a knowledge gap which deprives operators of well collated and analysed massive volumes of data on the landscape of operations. This, Abubakar Bwari, the minister of state […]
Burkina Faso to produce a record 55 tonnes of gold in 2018, says mines minister
Businessam StaffFebruary 19, 2018
Oumarou Idini, Burkina Faso’s mines minister said he expects the country to produce a record 55 tonnes of gold in 2018, a two-thirds increase from what obtains five years ago, as new projects in the landlocked West African country come on tap. He said this in his office at the country’s capital Ouagadougou. Idani said […]
Copper mining firm in Zambia to lay off 4,700 workers
Businessam StaffAugust 22, 2017
Glencore’s Zambian copper mining unit, Mopani Copper Mines, said Tuesday it would lay off nearly 5,000 workers due to persistent electricity supply disruptions. The company said in a statement in Lusaka that it would scale down operations in several areas. “Although we shall work on optimising the use of limited power that we are receiving, […]
World’s biggest miner speeds hunt for copper in ‘last frontier’
Businessam StaffJuly 25, 2017
BHP Billiton Ltd., the world’s biggest miner, has opened an office and is seeking to add staff in Ecuador as it advances a search for copper in a nation that’s becoming the sector’s exploration hot-spot. Melbourne-based BHP’s local unit, Cerro Quebrado, will spend about $82 million on exploration, having established a base in the capital, […]
Tanzania hands mining company $190 billion tax bill
Businessam StaffJuly 25, 2017
Tanzania sent Acacia Mining Plc a tax bill equal to almost two centuries worth of the gold producer’s revenue. The government issued the company, which mines all of its gold in the African country, with a $40 billion tax bill and another $150 billion in interest and penalties, Acacia said in a statement Monday. The […]
Opposition mounts against Indian firm’s take-over of Itakpe Iron Ore Mining Company
Kelvin EgerueJune 30, 2017
Opposition is mounting against Indian firm, Global Infrastructure Holding Ltd. (GIHL) bid takeover of the National Iron Ore Mining Company (NIOMCO), Itakpe, Kogi State. GIHL recently won the re-concession of Itakpe Iron Ore Company conducted by the current administration. Under the auspices of Metallurgical Stakeholders Forum, a group is urging the Federal Government to cancel […]