By Lagos Metropolitan News Desk The global lithium market has experienced significant turbulence over the past two years, with prices plummeting due to an oversupply and weaker-than-expected demand for electric vehicle (EV) batteries. This downturn is exemplified by the dramatic fall in the CME contract for lithium hydroxide from a 2022 high of $85,000 per Read More…
Nigeria has unveiled stricter licencing regulations for foreign mining companies, aimed at compelling them to enhance in-country processing and refining of metals such as lithium and zinc, according to the Minister of Mines, Dele Alake. Speaking at a Nigeria Mining Week event in the capital city of Abuja, Alake disclosed the government’s new policy, requiring Read More…
Prof. Kingsley Moghalu, a former presidential aspirant of the African Democratic Congress, (ADC), has applauded the Federal Government for the condition given to a foreign firm, Elon Musk’s Tesla, before issuing him a licence to mine lithium in Nigeria. Moghalu, a former deputy governor of the Central Bank of Nigeria in a statement on Tuesday Read More…
The Miners Association Nigeria has condemned the Federal Government’s plan to ban mining activities in the country, saying it would render thousands of youths jobless and further worsen the insecurity.The National Security Council on Thursday announced that it was considering the nationwide ban on motorcycles and mining activities to check crime. The meeting presided over Read More…
The Federal Government says it is making plans with foreign experts to train some Nigerians in the art of Gold Jewellery making. Mr Olamilekan Adegbite, Minister of Mines and Steel Development, made this known while briefing newsmen on the recently launched Presidential Artisanal Gold Mining Development Initiative (PAGMI) on Tuesday in Abuja. PAGMI is a Read More…
Picture above credit: Muscle and mud: Nigeria has an estimated 500,000 artisanal gold miners ©Tom Saater/FT The 2020 Nigeria Mining Week will hold virtually in October following the outbreak of Coronavirus pandemic, Minister of Mines and Steel Development, Mr Olamilekan Adegbite, has said. Adegbite, who disclosed this in Abuja at the News Agency of Nigeria Read More…
