Rise of digital finance: Tokenising mining & metals assets
A mining royalty is a right to receive payment based on a percentage of mineral production or of the revenues or profits generated from the sale of those minerals at a mine. A royalty typically involves an up-front payment to the mining company from the royalty holder (i.e., investor) in return for a contractual undertaking from the mining ...
Mining on Federal Lands: More Than 800 Operations Authorized to …
Different systems govern mining of solid minerals (such as gold, phosphate, and coal) on federal lands—which consist of public domain lands (those usually never in state or private ownership) and acquired lands (those granted or sold to the United States by a state or citizen): Location system. Hardrock minerals (such as gold, silver, …
Alternative financing for the mining industry: what …
Private equity finance for mining companies. Another active part of the alternative finance market is the specialist mining private equity funds, such as Orion …
The Impact of Regulations and Laws Governing on Solid …
Mining is one of the primary industries in sub-Saharan Africa. Most countries in Africa rely on minerals, such as diamonds, copper, and gold, as their primary
The Economic Contributions of U.S. Mining, 2021
The non-metallic mineral mining segment of U.S. mining accounted for 690,554 jobs, $43.5 billion in labor compensation and $96.4 billion of U.S. GDP. Annual wages and …
Africa Finance Corporation and Solid Minerals Development …
The Solid Minerals Development Fund is a sovereign Fund established by the Government of Nigeria to drive and catalyse private sector-led investments in Nigeria's mining sector.
A Federal Strategy to Ensure Secure and Reliable …
The United States imports most critical mineral commodities. Specifically, the United States is import-reliant (imports are greater than 50 percent of annual consumption) for 31 2of the 35 minerals designated as critical by the Department of the Interior. The United States does not have any domestic production and relies completely on imports
Africa Finance Corporation and Solid Minerals Development …
Africa Finance Corporation (AFC) (), the continent's leading infrastructure provider and the Solid Minerals Development Fund of Nigeria (SMDF), a Nigerian mining-focused development fund, today on the sidelines of Nigerian Mining Week in Abuja, announced a transformative partnership aimed at derisking …
Mining: Edo produced 3.7m tons of solid mineral products …
The Edo State Governor, Mr. Godwin Obaseki, has said the state produced a total of 3.7 million tons of solid mineral products in 2021, urging for increased investment from private actors to rev output. Obaseki disclosed this during a two-day Solid Minerals Stakeholders' Meeting, themed "Addressing the Gaps in the Mineral Sector of Edo State ...
Mining and Minerals | Bureau of Land Management
The minerals on Federal lands are divided into three categories, each subject to different laws and regulations. Locatable, which are subject to the Mining Law of 1872, as amended, include gold, silver, copper and other hard rock minerals. Leasable minerals, such as coal and a host of other commodities, are subject to various Mineral Leasing Acts.
Mining financing, exports top Solid Minerals Ministry, …
By Palma Ileye. Solid Minerals Development Ministry and the Nigerian Export-Import, NEXIM, bank have committed to strengthening partnerships to close the logistical gap hampering exports of solid minerals whilst leveraging the bank's resources to bolster mining sector financing.
Nigeria secures US support for mining project funding
The Federal Government of Nigeria, represented by the Minister of Solid Minerals Development, Mr. Dele Alake, and the United States, through Assistant Secretary for Energy and Natural Resources ...
Nigerian Mining Sector Watch
New Bill to Replace Nigerian Minerals & Mining Act, 2007 The Federal Executive Council (FEC) on 5 April 2023, approved a draft amendment of the Nigerian Minerals & Mining Act ("the Act"), 2007 - the principal legislation regulating the mining of solid minerals in Nigeria. The new Bill i.e., the Nigerian Minerals & Mining Bill 2023
Paradigm Shift for Critical Mineral Investment
United States Inflation Reduction Act. Passed in 2022, the Inflation Reduction Act (IRA) commits to, among other things, reducing US greenhouse gas emissions by …
Nigeria's Solid Minerals as a Source of Economic …
Nigeria is enriched with over forty (40) types of minerals including marble, gypsum, lithium, silver, granite, gold, gemstones, bentonite, iron ore and talc. The mining and solid mineral sector of the extractive industry in Nigeria has always been a viable greenfield and is now getting the attention it deserves, having been earmarked as a key ...
An Appraisal Of Business Potentials And Legal Framework In
Other Solid Minerals that can be found in Nigeria include; Rock salt, Gemstones, Kaolin, Tantalite, and Gypsum. Legal Framework. Exploitation and exploration of Solid Minerals are governed by the Nigerian Minerals and Mining Act 2007 ("the Act"), and the Nigerian Minerals and Mining Regulation 2011. The Act vests control of all …
Exploring Financing for Mining Industry in Nigeria
The collaboration between Nigeria and the United States in the mining sector presents a significant opportunity to boost economic growth and strengthen the solid minerals industry. With the promise of financing from the US, Nigeria's mining projects and infrastructural developments are positioned to receive a substantial impetus, paving …
Nigeria Enhances Solid Minerals Development, Maximizes Mining …
In a strong articulation of Nigeria's commitment to mining communities, the Minister of Solid Minerals Development, Dele Alake, addressed the 2023 West African mining host communities conference in the nation's capital, Abuja. His message was clear, emphasizing the federal government's dedication to ensuring that these communities …
Export-Import Bank of the U.S. Chair Lewis Touts Financing …
Riyadh, Saudi Arabia – Export-Import Bank of the United States (EXIM) President and Chair Reta Jo Lewis traveled to Riyadh, Saudia Arabia last week as part of the U.S. delegation, led by Assistant Secretary of State for Energy Resources Geoffrey Pyatt and Amos Hochstein, Deputy Assistant to the President and Senior Adviser for …
Economic Devt: SMDF, AFC launch facility to unlock financing …
Minister of Solid Minerals Development, Dr Dele Alake who spoke at a tri-partite agreements signing ceremony between the SMDF, AFC and Excargo Multiphysics in Abuja, described AFC as a big pillar in the efforts of Government to erect a formidable structure for the development of the sector, underscored the importance of financing …
financing mining of solid minerals in usa
The bottoming out of metal prices over 2015-20 16 and most mining companies returning to profits in FY2016 will ensure that traditional forms of finance, including equity and debt financing hold centre-stage as sources of mining finance over the coming years.
Nigeria to set up solid minerals corporation to attract …
Nigeria plans to set up the Nigerian Solid Minerals Corporation, a state-backed company to help attract investments into the extraction of gold, coal, iron-ore, bitumen, lead, limestone and baryte ...
US TO PARTNER NIGERIA ON MINING PROJECTS FINANCING
On the sidelines of the Mines & Money conference holding in London, Minister of Solid Minerals Development, Dr. Oladele Alake and United States Assistant Secretary for Energy and Natural Resources Geoffrey Pratt agreed to set up a team of officials of both countries to explore ways of financing for credit to mining firms and …
(PDF) Solid Mineral Deposits and Mining in Nigeria: -A …
24% of the GDP, while co ntribution from m anufacturing has fluctuated and rec ently stabilized at about 21%. In 2015, Nigeria's solid minerals and mining sector ac counted for a paltry 0.3% of ...
Ministry of Solid Minerals Development – On the Road to Shared Mining
For enquiries and suggestions, Please contact us. Call on. +2348033111888. Mail at. [email protected]. Office Hours. 8am to 4pm. 44+. There are at least 44 Mineral deposits in commercial quantities in the Country.
(PDF) Addressing the Socio-Economic and Community Issues in Mining
The depletion of solid minerals in mining areas ceases mining activities, thereby leading to displacement or forced migration of miners and those who depend on mining for their livelihood from the ...
Alternative mine financing | Gowling WLG
Production-linked lending has become a staple of mining finance – particularly for base and precious metals. The two dominant production linked models …
Horizonte Minerals fails to secure financing, considering …
Shares of Horizonte Minerals plummeted by 89% by 10:10 p.m. EDT. The UK-based nickel developer now has a market capitalization of $8 million, compared to $241 million last October. The company ...
(PDF) NIGERIA SOLID MINERAL RESOURCE POTENTIALS: AN OVERVIEW …
The solid minerals sector alone has the potential to generate employment and wealth. for over five million people (Transformation Agenda, 2014), currently, the solid mineral. sector employs about ...
Solid Minerals & Metals – OSGF
Solid minerals contributed immensely to the economic development of Nigeria in the pre-independence years. During this period, Nigeria was known for the production of coal as an energy source for electricity, railways and also for export. Tin, Columbite, Lead and Zinc were exported. Nigeria was the largest producer of Columbite at one point ...