Deep Sea Mining (Part 1): Challenges, Opportunities and Legal Frameworks
Introduction Deep Sea Mining “DSM” refers to the extraction of valuable mineral resources from the seabed in areas beyond the reach of traditional mining operations. These resources include polymetallic nodules, cobalt-rich crusts, and massive sulfides containing critical minerals such as cobalt, nickel, and rare earth elements. The increasing demand for these minerals, driven by the […]
2024 End-of-Year Mining Industry Report
INTRODUCTION The Nigerian mining sector showed considerable resilience and potential for growth in 2024, despite ongoing challenges. The National Bureau of Statistics recently reported that Nigeria’s GDP grew by 3.19% year-on-year in real terms in the second quarter of 2024, surpassing the 2.51% growth recorded in the same period of 2023. This growth, while still tepid, […]
Overview of the Nigerian Mining Sector: Challenges and Opportunities
Nigeria is richly endowed with abundance of mineral resources. The country boasts of more than 40 valuable mineral deposits including clay and kaolin, gold, gypsum, iron ore, lead and zinc, phosphate, and tin across the 36 States. Baryte, bitumen, coal, gold, iron ore, and limestone, lead-zinc and coal have been identified by the Federal Government […]
The Nigerian Mining Sector in 2023 – Future Outlook
Despite abundant solid mineral resources, which include gold, lead, zinc, coal, bitumen, iron ore, limestone and barite, the Nigeria mining industry only contributes 0.15 percent to the nation’s GDP. The contribution, projected to hit 0.34 percent in 2025, is far from the three percent target set out in the country’s mining roadmap. The Federal Government, in […]
2024 Mid-Year Report on The Nigeria Mining Sector
INTRODUCTION In our maiden edition, we discussed the major challenges that plague the Mining Sector, juxtaposing them with some initiatives by the Federal Government targeted at addressing a few of these challenges and evaluating how effective they have been through the years. In this Mid-year edition, we seek to revisit the Mining Roadmap of 2016, […]
