The seven-year term loan would attract a moratorium of five years, according to facility terms read out during the signing.
NIGERIA Mining News
The testing is part of the definitive feasibility study (DFS) for the project, poised to become Nigeria's first large-scale gold mine, and which is expected to come online in early 2020.
Thor Explorations' Segilola project would be Nigeria's first large-scale gold mine, and it's expected to come online in early 2020.
They want to operate under conditions that allow them to take better care of the environment and contribute to the local economy.
Industrial and precious metals, coal, oil, as well as natural gas, collectively accounted for just 6.2% of foreign direct investment into the continent last year.
The 4th hosting of the Sustainability in the Extractive Industries (SITEI) is scheduled to take place on the 19th of November 2015 in Abuja
Doctors found the victims had levels of lead in their blood that were 17 to 22 times higher than what it is internationally accepted.
Report shows there are 39 assets in production within the Ebola-affected region.
Deutsche Bank warned Friday that gold producers are the most vulnerable to a further spread of the deadly disease.
Tighter border controls are set to disrupt the flow of essential supplies and even workers trying to get to work at the African country's mining operations, companies say.
After the WHO declared the current outbreak an “international public health emergency.”
West African nation wants to develop vast small-scale gold sector with South African machinery and expertise.
Unregulated mining in rural northern Nigeria is causing blindness and paralysis among children and making adults infertile.
Analysts claim Sub-Saharan Africa's investment environment is deteriorating.
The company will divest its 40% share of leases 83 and 85 which hold the Madu and Anyala fields.
Identified as nationals of Niger, Nigeria and Togo.
Experts believe agricultural, mining and energy resources could easily boost the continent’s economic growth in the next two years.
An international effort to ensure good governance of natural resources could do more to improve accountability and sustainability (IIED), according to research in the oil- and gas-rich Caspian Sea Region that the International Institute for Environment and […]
Al Jazeera is reporting that more than 400 children have died from lead poisoning in the past two years in the Zamfara State of Nigeria as a result of artisanal gold mining.
ENUGU state will soon be a major hub in power transmission as PHCN plans to draw 1000 megawatts from coal- powered electricity. Minister of Power, Professor Barth Nnaji, made the disclosure while responding to the address of Governor Sullivan Chime of...
As attractive deposits become harder and harder to find in traditional markets miners are pushing the limits of the political risk they are willing to take on. But things can go spectacularly wrong.
Reuters reports Nigeria expects the first significant iron ore production next year from its 3 billion tonne Itakpe iron ore deposits as it looks to reduce its dependence on oil and gas revenues, a government official said Friday.
Stakeholders in the mining sector said they are targeting to create about two million direct jobs for Nigerians from the sector. Under the Progressive Miners Empowerment Association (PMEA), the miners said if about N200 billion is injected into the sector, it would be revived.
Company Announcement to the Danish Financial Supervisory Authority No. 13-2011, 22 June 2011. FLSmidth has received an order from the Nigerian company, BUA International Limited, to supply a complete 6,000 tonnes per day cement plant in Nigeria.
Diversified Australian miner Astra Mining announced on Wednesday plans to list on the Frankfurt Stock Exchange before the end of August after two days earlier inking a deal to enter the Nigerian market and further expand its global presence. Deal-hungry Astra Mining’s global portfolio includes gold and tin interests in south east Asia and southern India, coal mines in Australia, iron ore in India, manganese in Africa and the commercialisation of a new high-strength steel technology from a base in Hungary.