Dubai, Thailand, others declare interest on
Nigeria’s mining sector
Alhaji Sani Shehu, the President, Miners
Association of Nigeria, on Wednesday said
five countries had declared interest to invest
in Nigeria’s mining sector. Shehu told NAN in
Abuja that the countries were Thailand, South
Africa, Dubai, Canada and Australia.
He said they had declared interest to come to
Nigeria with their equipment and start mining
very soon. He said their investment in the
sector would boost Nigeria’s economy and
create job opportunities for the youth. While
encouraging the investors, the president said
the Nigerian Minerals and Mining Act, 2007,
and its Regulations 2011, were in line with
international standard and guaranteed
security of tenure.
He also said that Nigeria had a favourable
geology and readily available geosciences
data for prospective investors. According to
him, Nigeria is richly endowed with various
minerals that manifested in multiple
occurrences all over the country. “There are
44 minerals occurring in no fewer than 500
locations in Nigeria; the notable minerals are
Metallic, Tin, Tantalite, Columbite, Iron ore,
Nickel, Lead, Zinc, Zircon, Silver, and Copper.
“ Among them are industrial minerals, Barytes,
Talc, Limestone, Clays, Marble, Graphite,
Asbestos, Feldspars, Glass sand, Gypsum,
Talc, Mica, Precious minerals, Gold, Silver,
Gemstones Coal, Bitumen, Lignite and
Uranium.’’ The president said currently,
mining contributed only 0.3 per cent to
Nigeria’s Gross Domestic Products (GDP).
According to him, mining in Nigeria is over
2,400 years old; it started as form of artisan
mining by communities in search of materials
such as gold, clay, base metals for
sculptures.
“Organised mining started in 1902 resulting in
Nigeria producing and exporting Columbite,
Tin and Coal in 1940; Nigeria became the
sixth world largest producer of columbite , Tin
and Coal,” he said. “Officially, gold production
started in 1913 and peaked up in 1933 to
1943 when about 1.4 tons of gold were
produced annually,’’ he said.
Vanguard
Nigeria’s mining sector
Alhaji Sani Shehu, the President, Miners
Association of Nigeria, on Wednesday said
five countries had declared interest to invest
in Nigeria’s mining sector. Shehu told NAN in
Abuja that the countries were Thailand, South
Africa, Dubai, Canada and Australia.
He said they had declared interest to come to
Nigeria with their equipment and start mining
very soon. He said their investment in the
sector would boost Nigeria’s economy and
create job opportunities for the youth. While
encouraging the investors, the president said
the Nigerian Minerals and Mining Act, 2007,
and its Regulations 2011, were in line with
international standard and guaranteed
security of tenure.
He also said that Nigeria had a favourable
geology and readily available geosciences
data for prospective investors. According to
him, Nigeria is richly endowed with various
minerals that manifested in multiple
occurrences all over the country. “There are
44 minerals occurring in no fewer than 500
locations in Nigeria; the notable minerals are
Metallic, Tin, Tantalite, Columbite, Iron ore,
Nickel, Lead, Zinc, Zircon, Silver, and Copper.
“ Among them are industrial minerals, Barytes,
Talc, Limestone, Clays, Marble, Graphite,
Asbestos, Feldspars, Glass sand, Gypsum,
Talc, Mica, Precious minerals, Gold, Silver,
Gemstones Coal, Bitumen, Lignite and
Uranium.’’ The president said currently,
mining contributed only 0.3 per cent to
Nigeria’s Gross Domestic Products (GDP).
According to him, mining in Nigeria is over
2,400 years old; it started as form of artisan
mining by communities in search of materials
such as gold, clay, base metals for
sculptures.
“Organised mining started in 1902 resulting in
Nigeria producing and exporting Columbite,
Tin and Coal in 1940; Nigeria became the
sixth world largest producer of columbite , Tin
and Coal,” he said. “Officially, gold production
started in 1913 and peaked up in 1933 to
1943 when about 1.4 tons of gold were
produced annually,’’ he said.
Vanguard
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