Nigeria's Minister of Solid Minerals, Mr Dele Alake, says his ministry has discovered about forty-four (44) economically viable solid mineral deposits in the country, which are in high global demand. Alake made the assertion on Wednesday when he appeared before the House of Representatives Committee on Solid Minerals to defend …

Our Identity. " Established to drive and catalyse mining investments. The Solid Minerals Development Fund (the "SMDF" or "Fund") is a sovereign Fund established by the Government of Nigeria to drive and catalyse private sector-led …

These issues stifle potential by deterring potential investors whose resources are essential to the revitalisation of the sector. I. SOLID MINERALS LEGAL REGIME Relevant Policy /Statutes. Minerals and Mining Act No. 20 of 2007 (the MMA): The Act is the principal legislation that regulates the Nigerian mining sector.

When mining a solid mineral deposit, MGIS connects and structures mining and geological data in common 3D information space. MGIS analyzes and stores information about borehole, channel and slurry sampling, quality variables of the useful component in ore, mine workings, occurrence of seams and backfilling operations, a …

problems of solid minerals in Nigeria are inadequate basic. infrastructural, illegal mining, unfavorable la ws in the sector, high capital outlay, inadequate professional in the sector and. many m ...

Connect. Find and connect with relevant investors for your next round of funding efficiently. Save time and resources. With $ 939 only, it is the most up-to-date and affordable …

Nigeria plans to offer investors at least a 75% stake in a proposed solid minerals corporation, a minister said on Tuesday, as lawmakers draft legislation to create the new state-backed firm to ...

Review and practice of deep mining for solid mineral resources. June 2017. The Chinese Journal of Nonferrous Metals 27 (6):1236-1262. DOI: 10.19476/j.ysxb.1004.0609.2017.06.021. Authors: Xibing Li ...

In order to create a sustainable approach to Mining business, KMDC adopts a Policy of Private investors' driven Mining Sector in the State, by going into Public Private Partnerships with credible local and international private entities for full exploitation of its Mineral deposits across the State.

Establishment of a solid mineral development bank The development of the solid minerals sector is hampered by the lack of adequate funding to cater for the different stages of the life cycle of a typical mining operation. Before returns can be generated from a mining operation, the activities need to go through the 5 stages of exploration ...

According to Nigerian Investment Promotion Commission (NIPC), Nigeria has 45 different solid minerals buried in various locations across the country. But these minerals are largely untapped. Both local and foreign investors can leverage on this multi-billion-dollar market. In its Economic Recovery and Growth Plan 2017 to 2020, the …

The government will hold no more than a 25% stake in the proposed Nigerian Solid Minerals Corp, leaving the rest to private investors and the public, Solid Minerals Minister Dele Alake said at a ...

THE CHARTERED INSTITUTE OF TAXATION OF NIGERIA APRIL 2016: PROFESSIONAL EXAMINATION PT 3: SOLID MINERALS TAXATION ATTEMPT ALL QUESTIONS. SHOW ALL WORKINGS. TIME: 3 HOURS 1. Some foreign investors have shown interest in coming to invest in Nigeria in non-oil sector in response to the Federal …

Mining and Minerals. Mining and Minerals. Mineral development is an important land use within the BLM's multiple-use mandate. In communities across the country, mining provides jobs, economic activity and …

There are two basic strategies: (a) Working from the known. Deposits tend to form in clusters in prolific belts, and exploration occurs outward from known mineralization. (b) Working from the ...

Artisanal & Small-Scale Mining. The Artisanal and Small-scale Mining (ASM) Department is one of the departments in the Ministry of Mines and Steel Development that was created during the mining sector reform in 2006. The Department through appropriate policy formulation, implementation and monitoring; organizes, supports, regulates and …

The Nigerian Government says the Mining Week Conference has shifted Global attention to the nation's Mining sector in line with its vision of diversifying the economy from the age-long dependency on Oil to Solid minerals.". The Minister of Solid Mine Iorals Development, Dr. Oladele Alake stated this in his closing remarks at the 8th …

AFC Partners with SMDF on Nigeria's $700b Mining Sector. Following the successful flagship investment of Africa Finance Corporation (AFC) in the first commercial scale …

September 28, 2023. Nigeria, renowned for her vast reserves of mineral wealth finds itself at a crossroads as it grapples with the policy measures aimed at revitalizing the …

Africa Finance Corporation partners with the Solid Minerals Development Fund on catalyzing private sector-led mining projects in Nigeria. Cape Town February 8, …

Following these, a 7-year strategic action plan was developed to cover the period 2002–2009. The new solid mineral development policy and the Mineral and Mining Act 1999 shaped and created the legal and regulatory framework for Nigeria's mineral and mining sector (Nigerian Mineral and Mining Policy 2008). The mining policy is …

The Federal Government has promised ownership of investments to investors who invest in Nigeria's mining sector. The government said that the idea of allowing both local and foreign mining investors to own of mineral mined is part of its incentives to attract investors into the mining sector.

mining regulations in 2011, the establishment of a cadastral system for mineral title administration, a geological data acquisition programme and the establishment of a solid mineral development fund to fund data acquisition, among others. Target minerals 2 What are the target minerals? A broad range of minerals are known to occur across the ...

INTRODUCTION. On November 16, 2023, the Honourable Minister of Solid Minerals Development, Dr. Dele Alake, officially launched the 'Guidelines for the Production of Community Development Agreement in the Solid Minerals Sector' (the "Guidelines").The Guidelines was issued in pursuance of the provisions of Section 116 of the Nigerian …

The Ministry of Solid Minerals Development and the Revenue Mobilisation Allocation and Fiscal Commission ( RMAFC), have resolved to strengthen collaboration to block revenue leakages in the mining sector. While welcoming the RMAFC chairman, Mohammed Bello, and his team to his office recently, Minister of Solid Minerals …

The SMDF invests mainly across three funds: SMDF Growth, SMDF Opportunities and SMDF Responsible Mining. We prioritise investments in the mining sector that will …

Nigeria is blessed with over forty-four (44) identified solid mineral resources in commercial quantities. Yet, the contribution of the mining Sector to the country's gross domestic product (GDP) has remained less than 1% in each of the past five (5) successive years – although, it has consistently grown over the same period to 0.85% in 2022 (from …

May 25, 2023. Nigeria's mining sector can further maintain sustainable growth through affordable funding, expediting the amendment to mining laws, regulations and policies, …

Fluidized mining of deep underground solid mineral resources is categorized into deep energy mineral (such as coal) mining and deep resource mineral (such as metal ores) mining, both of which have different concepts and processes. Deep energy minerals are better suited for in situ energy conversion and utilization during …

Australia continues to rank highly for mineral exploration. Building Australia's Resource Wealth. Australia continues to rank as one of the most attractive regions in the world for mineral exploration investment, when both policy and mineral potential are considered, according to the 2022 Annual Survey of Mining Companies report released by the …