investors willing to partner with mining company in nigeria

Nigeria's mining sector is a sleeping giant with immense economic potential. Addressing its myriad challenges necessitates a concerted effort from government bodies, industry stakeholders, and the global community. Armed with the right policies and sustainable practices, Nigeria could well become the mineral powerhouse it aspires to be.

Daniel Essiet February 9, 2023. Africa Finance Corporation (AFC) and Solid Minerals Development Fund (SMDF) are partnering to offer technical advice on mining projects worth $700 billion in Nigeria.

It is critical that Nigeria positions its mining sector to attract foreign investment and partnerships as is the case in Angola, South-Africa and other African …

LAGOS, July 19 (Xinhua) -- Nigeria is welcoming greater foreign investment in its mining industry to help it thrive, Minister of Mines and Steel Development Olamilekan Adegbite said in Abuja on Monday. "The federal government has done lots of exploration on gold and other minerals to acquire data, making Nigeria a mining destination," the ...

Last updated Nov 30, 2023. Nigeria's Minister of Solid Minerals Development, Dr. Oladele Alake, seeks to woo foreign investors with lower mining production cost and a commitment to improve the security of mining operations and cut red tapes, which slow business transactions. Dr. Alake made the pledge at the Mines & Money Conference, which ...

For example, the 2023 revenue projection from the mineral and mining sector (based on the 2023 budget proposal presented by President to the legislature) is expected to increase from ₦2.92Billion in 2022 to ₦3.64Billion, representing a 25% increment over 2022. The FG's agenda has led to improved collaboration amongst various stakeholders ...

November 11, 2020. Japaul Gold and Ventures has signed an agreement with Xiang Hui International Mining Company Nigeria to drill, mine and process gold in the country. At the signing ceremony in Lagos, Group Chairman, Japaul Gold and Ventures Plc, Mr. Jegede Paul said the deal involves the Chinese company officials working on its sites in Benue ...

Elipse International Exploration Solutions Limited, a mining and exploration company in Nigeria. We have over 40 fully legit and licensed mine concessions in different states across Nigeria. The …

Nigeria is endowed with several types s of mineral resources. Every investor or company willing to engage in the Nigerian mining sector requires a government approval or license to proceed. Mining license in Nigeria is usually relevant for companies seeking to engage in the mining sector, with or without a mining lease.

Closing in on over 2 000 mining projects. For parties seeking projects to fund, as of the end of 2021 there are 33 different minerals mined across over 2 000 African mining projects. All of these projects are listed on Africa Mining IQ (AMIQ). The minerals mined are: Number of mining projects in Africa, per mineral.

The commission will serve as a one-stop shop for existing and prospective mining companies and investors, and bring together powers that are currently dispersed across several different ministries and agencies. The second plank, meanwhile, will involve the devolution of some responsibilities from the federal government to the state government.

The policy announced by Dele Alake at a Nigeria Mining Week event in the capital Abuja will require mining companies to show business plans for so-called "value addition" before they are granted ...

Alake said Nigerian investors abroad are essential partners in unlocking the financing and technical capacity needed to transform the mining sector. ... a German company, which will deploy its ...

In November, the Nigerian government unveiled plans to revise its crucial mining law, the Nigeria Minerals and Mining Act (NMMA). The outdated law, which hasn't been updated since 2007, is accused of stifling growth in the nation's underdeveloped mining sector. Mining currently generates just 0.3% of GDP and leaves the country …

Estimates differ from source to source, but, by 2019, it is over $100bn. Africa has long been on China's radar. We can see this in the growth of inward cash flows between 2010 and 2011. The Commodity Discovery Fund, quoting figures supplied by CMA, reached $217bn – a year-on-year increase of $140bn. A report from the South African …

The investors, who lauded Nigeria's mining roadmap as investors' toast, spoke as the curtains drew over the 21st Africa Down Under conference in Perth, Australia.

This partnership between AFC and SMDF is a pivotal step toward harnessing Nigeria's mineral wealth and positioning the nation as a key player in the global mining industry. Since 2014, the Corporation has invested more than $900 million in mining projects across Africa including the Segilola Gold Mine in Osun, Nigeria, the …

The aim is to increase mining's contribution to GDP to 10% by 2026. Proposed Agency. After rebuilding market confidence in the minerals and mining sector as a first step, the …

Greenfield Metals Mining Complex, Ihetutu, Ishiagu, Iyo L.G.A, Ebonyi State, Nigeria. +234 806 758 1237, +234 802 305 9017, +234 805 955 8054. +234 803 668 2809. More info. Write a Review. Greenfield Metals Limited is a Nigerian mining company that is well positioned for the mining of metallic minerals namely, zinc and lead ore.

Last year five funds managed to raise $2.1 billion. 2012 was the peak year for mining-specific fundraising with $4.6 billion of capital commitments from investors.

Mining in Nigeria. Mining in Nigeria dates back to 1902 when organised mining in its exploration stage started with the then Secretary of State for Colonies commissioning mineral surveys of the Southern and Northern Protectorates (MMSD, 2016).The first record of a mined mineral was tin ore by the Royal Niger Company in 1905 (Hodder, …

Nigeria is endowed with several types s of mineral resources. Every investor or company willing to engage in the Nigerian mining sector requires government approval or a license to proceed. A mining license in Nigeria is usually relevant for companies seeking to engage in the mining sector, with or without a mining lease.

Mining investors look for predictable fiscal regimes, as transparent and clear tax regulations allow companies to predetermine their tax liability (O'Neill 1993). Different types and levels of taxes imposed on mining companies also have a direct bearing on the rates of return, and thus influence investment behaviour (Saidu 2007). For example ...

A medium-sized mining company can raise up to 100 million naira while a small and micro mining company may raise up to 70 million naira and 50 million naira respectively. Co-operative Financing- the Nigerian Minerals and Mining Act, 2007 allows for ASMs to register as a co-operative. Hence, registered mining co-operatives may pool …

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 …

He said: "The Nigerian mining sector is now more than ever an investors' haven evidenced from the high grade deposits exploited by current operators coupled with the conducive and competitive investment climate comprising 100 per cent ownership of mining project as secured by the Nigerian Minerals and Mining Act, 2007; waiver of …

Across Nigeria, mining sector holds opportunities for investors. Isaac Anyaogu. May 9, 2021. The race for critical minerals that will power clean energy …

Phone: 08035194006. Website: They support the rights of mining engineers and geoscientists and they pledge to abide by the best mining practice without any discrimination. 9) SBOG Nigeria Ltd: Location: Ibusa House 2nd floor, 5 Sunday Oganyade Street, Gbagada Lagos, Nigeria. Phone: 08022484302.

We are willing and open to investments in Nigeria, especially in the mining sector." Alake called for investment in local value addition involving the processing of solid minerals that will ...

Nigeria's mineral-rich landscape offers abundant investment and development prospects in its mining industry. Diverse minerals such as tin, limestone, coal, iron ore, gold, lead, zinc, and more hold immense potential for industrial growth, job creation, and foreign exchange earnings.

The States Disaggregated Mining and Quarrying Data for 2018 by the NBS showed Nigeria produced 55,850,075.43 tons of solid minerals and Ogun State produced the highest tons of solid minerals producing 16,497,405.35 tons of solid minerals representing 30 percent of the total tons of solid minerals produced in the year under …

Dele Alake, Nigeria's Solid Minerals Minister. (Image by Kensingtondude, Wikimedia Commons.) Nigeria plans to set up the Nigerian Solid Minerals Corporation, a state-backed company to help ...