mining:

FG Unveils 270 Mining Licences, 56 Oil Firms’ Owners

December 13, 2019 5:20 am

There is no more hiding place for the real owners of crude oil and gas and mining assets in Nigeria as the Nigeria Extractive Industries Transparency Initiative, NEITI, has finally begun unveiling the extractive sector Beneficial Ownership Register for Nigeria on Thursday.

The disclosure began with the unveiling of the real owners of 270 licences in the mining sector, the owners of 61 assets and 56 companies in the oil and gas sector.

Speaking at the launch of the extractive sector Beneficial Ownership Register for Nigeria, the Executive Secretary of NEITI, Mr. Waziri Adio, said the register was a way …

Plateau Not Receiving 13% Derivation For Mining Exploration

November 18, 2019 10:51 am

Plateau State has never received 13 per cent derivation that accrues to states engaged in mining exploration, Governor Simon Lalong has said.

The governor pleaded with the Minister of Steel and Mines, Dr. Uchechukwu Sampson Ogah, to ensure the state gets its 13 percent derivation and approve the licence for the establishment of Plateau Mineral Development Company.

Lalong disclosed this at the weekend when the minister paid a visit to Government House, Jos. Lalong who was represented by his deputy, Prof. Sunni Tyoden appreciated the minister for the visit and pledged an harmonious working relationship with the ministry.

“Everybody knows …

Illegal Mining: Minister, Senator Accuse State Governors

October 19, 2019 5:57 am

The searchlight was beamed on the activities of some state governors yesterday as the duo of a Minister and Senator accused them of sharp practices costing the nation a fortune.

Mines and Solid Mineral Development Minister, Mr. Olamilekan Adegbite and Chairman, Senate Committee on Solid Minerals, Mines, Steel Development and Metallurgy, Senator Tanko Almakura, in their various submissions accused governors of covertly supporting theft of the nation’s resources through illegal mining in their states.

Speaking at an interactive session with the committee, the minister said the challenge of illegal mining was being supported by some state governors who provide …