Commodities

Cape Town (South Africa), Feb. 6, 2024 – Dele Alake, Nigeria’s Minister of Solid Minerals Development, has been appointed Chairman of the newly established Africa Minerals Strategy Group (AMSG). Alake was unanimously appointed as the inaugural meeting of the group held on the sidelines of the 30th Investing in Africa Indaba in Cape Town, South Africa. The event was attended by ministers of mineral development of Uganda, Democratic Republic of Congo (DRC), Sierra Leone, Somalia, South Sudan, Chad, Botswana, Zambia and Namibia. More than 15 countries have pledged support, with …

Kaduna, Feb. 1, 2024 -The Federal Government is yet to recover over N2 trillion unpaid royalties from miners and operators in the country. Dele Alake, the Minister of Solid Minerals Development, said this on Thursday at a meeting with Licensed Minerals Holders and Laterite/Sand Operators Dealers in Kaduna State. He was represented by Kutman Hosea Ali, the Acting Zonal Mines Officer, North-West Zonal Office. Alake said the current administration was bent on stopping operations of illegal miners in the country. “Miners and Operators owed the federal government more than N2 …

Abuja, Jan. 30, 2024 – Dele Alake, the Minister of Federal Ministry of Solid Minerals Development, on Tuesday said government had given permits to 499 dealers to the buy and sell solid minerals in the country. He announced this at conference on solid minerals in Abuja on Tuesday. Alake listed the minerals for which permits were given to include lithium, gold, tin, coal, tantalite, iron ore, kaolin, feldspar, beryl, barite, columbite, mica, and aquamarine. He said: “The Ministry continues to facilitate the processing of applications for permits to refine minerals …

Abuja, Jan. 11, 2024 – President Bola Tinubu has approved the appointment of an inter-ministerial committee for the execution of three steel development projects, including the revival of the Ajaokuta Steel Mill. Shauibu Audu, the Minister of Steel Development, disclosed this to journalists after a meeting with the president on Thursday. He said the main task of the committee would include sourcing funds for the revitalisation of the moribund Ajaokuta Steel Company Limited. The minister said the committee would also work to actualise the establishment of a steel company of …

Riyadh (Saudi Arabia), Jan. 11, 2024 – Dele Alake, the Minister of Solid Mineral Development, says the federal government is willing to attract investment to the mining sector through tax waivers on imported mining equipment.   Alake said this during a meeting with Bandar AlKhorayef, his Saudi Arabian counterpart, on the sidelines of the ongoing Future Minerals Forum (FMF) in Riyadh, Saudi Arabia.  He highlighted the importance of partnerships, stressing that critical minerals deposits in Nigeria were crucial to global energy transition.  Alake expressed the willingness of the Nigerian team to …

Abuja, Dec, 4, 2023 – Dele Alake, the Minister of Solid Minerals Development, says President Bola Tinubu has identified the solid minerals sector as a pillar of Nigeria’s current efforts to diversify the economy. A statement issued in Abuja by Kehinde Bamigbetan, the Special Adviser to the minister, said Alake made this while discussing prospects for deep sea mining in Nigeria’s coastal waters during a visit to the Commonwealth Secretariat in the United Kingdom. Alake said that the ministry had developed a seven-point agenda that included  establishment of a solid …

Abuja, Nov. 21, 2023 – Dele Alake, the Minister of Solid Minerals Development, on Tuesday said the federal Government had revoked 1,633 minerals titles of defaulter mining companies. He announced this at a press briefing in Abuja. Alake said the licenses were revoked due to failure to pay mandatory annual service fees of N1,500 per cadastral unit.  “The Mining Cadastre Office has recommended the revocation of 1,633 mineral titles as follows: Exploration Licence, 536; Quarry Licence, 279; Small Scale Mining Licence, 787 and Mining Lease, 31. “In line with the …