Wednesday, November 14, 2018

Tag "Mining"

    NEITI to hold conference on remedial issues

NEITI to hold conference on remedial issues

The Nigeria Extractive Industries Transparency Initiative (NEITI) is set to hold a conference on resolving outstanding remedial issues in the oil, gas and mining sector.In a statement on Friday, Ogbonnaya Orji, director, communications and advocacy of NEITI, said experts across the extractive industries have been invited for the conference."Experts across the extractive industries value chain have been assembled to review the status [...]

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    Five shot dead at Plateau mining site

Five shot dead at Plateau mining site

Gunmen have killed five persons at a mining site in Gana-Ropp village of Barkin Ladi local government area of Plateau state.Terna Tyopev, police public relations officer of the police command in the state, confirmed the incident to NAN on Wednesday.“On Tuesday at about 12:30.p.m, we received distress call from Da Gyang Pam, the village head of Gana-Ropp village in Barkin [...]

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    UNDERCOVER: In Ebonyi, orphans and little kids are mining in the pits of death

UNDERCOVER: In Ebonyi, orphans and little kids are mining in the pits of death

Story HighlightsMining is a family business in some poor communities in Ebonyi Encouraged by their low rates, artisanal miners often engage child miners to work during school hours Some of the children working in Ebonyi mines and granite sites are orphans Ebonyi solid minerals ministry is handicapped, can't effectively curb child mining Children working at the stone crushing sites [...]

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    Mining dispute: BUA asks Dangote to let the court decide

Mining dispute: BUA asks Dangote to let the court decide

BUA International Limited has described as ‘false and bigger lies” new claims made by Dangote Group saying it owns the Obua mining site in Okpella, Edo state.Both companies are laying claims to the ownership of the mining site.The dispute between the duo had prompted Godwin Obaseki, governor of Edo, to order the closure of the site “to prevent a breakdown [...]

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    Issuance of mining licences ‘will soon take 30 days’ — not three months

Issuance of mining licences ‘will soon take 30 days’ — not three months

The ministry of mines and steel development says issuance of mining titles will soon be reduced to between 30 and 45 days as stipulated in the Nigerian Mining and Minerals Act, 2007.Kayode Fayemi, the minister, disclosed this at the ongoing 2nd Nigerian Mining Week, organised by the Miners Association of Nigeria, in partnership with IPAD Nigeria, PricewaterhouseCoopers and Spintelligent.This held in [...]

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    FG asked to speed up revitalisation of Ajaokuta steel company

FG asked to speed up revitalisation of Ajaokuta steel company

The federal government has been asked to speed up the revitalisation of the Ajaokuta Steel Company Ltd and Aluminium Smelting Company of Nigeria (ALSCON).The National Council on Mining and Mineral Resources Development (NCMMRD) made the appeal during a meeting in Abuja.The council also called for the revival of moribund steel plants in the country, saying this would help grow the [...]

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    Mining contributes ‘only 0.3% to Nigeria’s GDP’

Mining contributes ‘only 0.3% to Nigeria’s GDP’

Nigeria’s domestic mining industry is still underdeveloped as it contributes only 0.3 per cent to the nation’s gross domestic product (GDP).Ebhota Al-Amin, a staff of the federal ministry of mines and steel development, said this on Tuesday while speaking at the maiden edition of the national council on mining and mineral development (NCMMRD) organised by the ministry.The programme, which held [...]

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    Environmental degradation: FG orders 313 mining companies to ‘stop work’

Environmental degradation: FG orders 313 mining companies to ‘stop work’

No fewer than 313 mining companies have been sanctioned by the federal government over non-fulfilment of environmental obligations.Salim Salaam, the director, mines environmental compliance department, ministry of mines and steel development, disclosed this to the News Agency of Nigeria (NAN) on Tuesday in Abuja.Salaam said the mining operators were issued sanction letters on March 20 for failing to conduct Environmental [...]

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Exchange Rates

November 13, 2018USDGBPEUR
INTERBANK306397354
LAGOS359475418
KANO359476420
PH360476420
ABUJA359478419
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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