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FG Moves to Resuscitate Ajaokuta Steel and Itakpe Iron Ore Companies

The Federal Government and Global Steel have signed an agreement for the resuscitation of the Ajaokuta Steel Company in Kogi state.The signing of the agreement, which took at the State House, Abuja on Monday, is aimed at revamping the Nigeria Iron Ore Mining Company (NIRONCO), Itakpe.Dr. Kayode Fayemi, the Minister of Solid Minerals signed on behalf of the Federal...

Nigeria to host 12 countries to discuss mining issues

No fewer than 12 West African countries will assemble in Nigeria to deliberate on ways to develop the mining sector in the region, Alhaji Sani Shehu, President, Miners Association of Nigeria, has said. Shehu told the News Agency of Nigeria (NAN) on Sunday in Abuja that the countries would meet on July 5 to discuss their progress, challenges in the...

IRON MINING AS A CATALYST FOR INDUSTRIAL REVOLUTION AND ECONOMIC DEVELOPMENT IN NIGERIAN by jerry Solomon

The importance of Iron mining to industrial growth of any nation cannot be over emphasized. Iron is the major component of steel which forms the primary raw material in the construction and fabrication industry globally and makes about 2% of the raw materials used in the electronics and non-metallurgical industries. Steel is a major fuel in the ever growing...

FG To Support Local Tiles Producers To Reduce Importation Gap

                        Mr Kayode Fayemi, Minister of Solid Minerals Development, has said that the ministry will support local marble and granite tiles producers to reduce importation gap.Fayemi told the News Agency of Nigeria (NAN) on a working visit to FUJIAN Stone Company Limited in Karu, Nasarawa State on Thursday.He reiterated...

FG Awards Oil Block License to Ondo for Bitumen Exploration

The Nigerian Government on Tuesday announced the award of an oil block license to Ondo State Government for bitumen exploration. The Minister of Mines and Steels Development, Dr. Kayode Fayemi who made this known at the 1st Ondo State Investment Forum held at the International Event Center (DOME), Akure, the state capital, said that the license was granted to the...

‘$4.5b Ajaokuta Steel Mill ‘ll be completed this year’ – Dr Fayemi

Nigeria is aiming to hand over the $4.5 billion Ajaokuta steel complex to private operators this year as part of a plan to kick start its industrial and mining industries, Minister of Solid Minerals Development Dr Kayode Fayemi has said.Construction of Ajaokuta, which lies on the Niger River and was supposed to have an installed capacity of 5 million...

Nigeria discovers 44 mineral deposits in 500 locations

The Ministry of Solid Mineral Development on Tuesday said 44 different types of minerals had been discovered in 500 locations across the country.Mr Sanusi Jubril, Head of Mineral and Metal Promotion Centre of the ministry, announced this in an interview in Abuja.Jubril said the minerals could be used for industrial and domestic purposes, adding that more would soon be...