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Nigeria Revokes Dormant Mining Titles to Boost Sector Transparency Nigeria’s Minister of Mines announced the immediate revocation of 924 dormant mining titles, urging investors to apply for the affected licenses under a “first come, first served” basis, as part of ongoing efforts to streamline the country’s mining sector. The revoked titles consist of 528 exploration licenses, 20 mining leases, 101 quarry licenses, and 273 small-scale mining licenses, according to Mines Minister Dele Alake. This move follows the revocation of over 1,600 mining titles in... Read more on the link below https://lnkd.in/gHJi3PRV

FEC CHALLENGES ARSP’S RECOMMENDED SELECTION OF SUBCONTRACTORS FOR TENKE FUNGURUME MINING Members of the Federation of Congolese Companies (FEC) Lualaba examined, Thursday April 11, in Kolwezi, the list of subcontracting companies with majority Congolese capital recommended for the execution of large contracts within Tenke Fungurume Mining (TFM ). This list was produced by the Regulatory Authority for Subcontracting in the Private Sector (ARSP). The members of the FEC Lualaba, already in the minority on the revealed list, wish to understand the criteria used by the ARSP to recommend these 25 companies. After analyzing the frustrations of its members, the FEC Lualaba…READ MORE HERE https://lnkd.in/dGXV-PqR

🌍 Transforming Nigeria’s Mining Sector 🌍 A new private-sector platform is set to revolutionize Nigeria’s mining industry! With a focus on investment, innovation, and sustainable growth, this initiative will enhance collaboration between businesses and the government to unlock the country's vast mineral potential. 🚀✨ Discover how this platform is driving change in Nigeria’s mining sector. 🔗 Read more: https://lnkd.in/dDv68_QX #NigeriaMining #MiningInnovation #MiningGrowth #SustainableMining

Chilean Mining Deal Sparks Controversy: Lawmakers Question Codelco’s Purchase of Quebrada Blanca Stake Chilean lawmakers have raised a complaint with the National Economic Prosecutor’s Office (FNE) against Codelco and Enami, accusing them of anti-competitive practices related to Codelco’s purchase of a 10% stake in the Quebrada Blanca mine. The complaint argues that the transaction was conducted at prices below market value, sparking concerns about the transparency and fairness of the deal, and suggesting it could harm both state-owned companies and distort the market. In response, Enami’s leadership defended the valuation methodology, emphasizing that the investment’s value should be assessed differently depending on the project’s stage—whether it is in exploration, development, or exploitation. They also pointed out that the significant cost increase for Quebrada Blanca Phase 2, which nearly doubled to $9 billion, did not enhance the project’s valuation. Enami suggested benchmarking this transaction against similar deals, such as the 2018 purchase of a 30% stake in Quebrada Blanca by a third party, which valued a 10% stake at $416 million. The outcome of this case could have significant repercussions for Chile’s mining industry and broader economic environment.

Peru is continuing to advance permits for exploration and mining.

Read the SEW-EURODRIVE (Pty) Ltd - South Africa cover article for Mining Review Africa and find out more about our innovative approach to designing purpose-built products and how we develop new business strategies to ensure we are closing the competitive loop 👇 #ElectraMiningAfrica24 #EMA #ClosingTheLoop

The Republic of Mali, like many African countries with significant mineral resources, has introduced laws aimed at enhancing participation by Malian citizens in ownership, supply of goods and services, and employment in the mining industry, including through service providers. In today's Top Tip Tuesday, Warren Beech looks at the local content laws applicable to the mining industry in Mali. #Mali #LocalContent #Mining #Ownership #GoodsAndServices #MiningIndustry #Africa #TopTipTuesday #RelevantResponsivePractical https://lnkd.in/dkQAFfst

SOUTH KIVU GOVERNOR ORDERS IMMEDIATE SUSPENSION OF ALL MINING ACTIVITIES The governor of South Kivu, Professor Jean-Jacques Parusi Salumu, has issued an order signed on July 18, 2024, suspending all mining activities throughout the province. According to the decree, “Article 1: All activities related to mining throughout the entire province of South Kivu carried out by all companies, businesses, and cooperatives of any kind are suspended, whether operating de facto or de jure in the province of South Kivu, until further notice. Article 2: All companies, businesses, and cooperatives referred to in the preceding article are required to leave the…READ MORE HERE https://lnkd.in/dqSQ3MZH

⛏️ Eramet's subsidiary, Société Le Nickel - SLN - ERAMET has encountered difficulties with its #nickel mining operations in #NewCaledonia. 📉 #SLN's #mining production plummeted by 32% in the first quarter compared to the previous year due to issues surrounding mining permits. Operations have been halted in the northern province of New Caledonia since mid-April, due to disputes with authorities over the renewal of financial guarantees, with #Eramet's proposal for a one-year extension rejected as inadequate. This adds to the struggles of the New Caledonian nickel industry, prompting a proposed rescue package from the French government. Despite these issues, Eramet remains optimistic, expanding production in Indonesia and Gabon while forecasting increased output for lithium in Argentina. The company adjusted its earnings forecast upwards for 2024. MINING.com Reuters Reuters News Agency Gus Trompiz Tomasz Janowski