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🔍 Navigating Regulatory Challenges in Nigeria's Mining Sector The President of the Miners Association of Nigeria (MAN) has raised concerns over states illegally regulating the mining sector. This development underscores the ongoing challenges within Nigeria's mining industry and highlights the need for clear, unified regulations to foster growth and stability. Read more about this critical issue and its implications for the mining sector here: https://lnkd.in/dspyt28M #MiningSector #Regulation #NigeriaMining #IndustryChallenges #MineralResources #EconomicGrowth

Australia’s mining sector in 2021-2022 generated A$218 billion in annual export revenue (equal to 37% of Australia’s total goods and services export revenues)

Shifting Nigeria’s mining policy: Prioritizing local mineral processing #MineralDeposits #Mining #Nigeria #Raw #RawMaterials #World https://lnkd.in/d3QWbkUZ

#SaudiArabia has revised upwards estimates for its untapped mineral resources including phosphate, gold and rare earths to $2.5 trillion, from a 2016 forecast of $1.3 trillion, its mining minister said. Mining is a key part of #Riyadh’s efforts to build an economy that does not largely rely on oil, involving a shift toward tapping vast reserves of phosphate, gold, copper and bauxite. https://arab.news/5yw4s

Shifting Nigeria’s mining policy: Prioritizing local mineral processing #MineralDeposits #Mining #Nigeria #Raw #RawMaterials #World https://lnkd.in/dhtNn387

Shifting Nigeria’s mining policy: Prioritizing local mineral processing #MineralDeposits #Mining #Nigeria #Raw #RawMaterials #World https://lnkd.in/dh2vCWn6

Weekly Mining News: 26-05-2024- 1. Bicholim Sub-Registrar Suspended: Sonia Halarnkar was suspended for delaying the registration of a mining MoU. The Congress party criticizes the government, claiming it prioritizes mining over Goa's interests. 2. Rajasthan Government Accelerates Mine Auctions: The state plans to hasten the auction process for both minor and major mine blocks to curb illegal mining by preparing and auctioning as many blocks as possible. 3. Surge in Electric Mining Vehicles Market: IDTechEx's market research report forecasts significant growth in the electric mining vehicle market, driven by advancements in battery and charging technology, projecting a valuation of nearly $23 billion by 2044. 4. India's Critical Mineral Acquisition in Africa: India is intensifying efforts to secure critical minerals in Africa, challenging China's dominance. The country has MoUs with at least eight African nations for mining collaborations and resource access. 5. Sandvik's Contract with Hindustan Zinc: Sandvik has secured a contract worth approximately SEK 345 million to supply underground mining equipment to Hindustan Zinc Limited. The deliveries are expected by the end of 2024. 6. Global Copper Demand Study: Researchers from the University of Michigan and Cornell University have found that six new large copper mines need to be operational annually by 2050 to meet global demand. The study, published by the International Energy Forum, analyzed 120 years of data from copper mining companies. 7. Gold Mine Pollution in South Africa: A study reveals that gold mine pollution in Johannesburg has been contaminating Soweto's water and soil for 140 years, posing risks to local food gardens. 8. Fonon's BTS Metal PBF Technology for Mining: Fonon targets mining industry with Bulk-To-Shape (BTS) metal PBF technology. It’s an  application-specific additive manufacturing/metal 3D printing technology for the mining industry. Mining equipment and structural elements must endure intense shock and vibration. Often situated in remote, where transporting spare parts is costly and time-consuming, mines employ equipment that is built to last – but some failures are bound to happen. Maintaining these machines can be a challenge. Fonon’s BTS additive manufacturing will provide mining professionals with a solution by delivering them a method to produce parts and tools locally. 9. Norway Sued Over Deep-Sea Mining Plans: Environmental activists are suing the Norwegian government over its seabed mineral exploration plans, arguing that the potential impacts have not been adequately assessed. 10. Hindalco Bids for Nickel-Cobalt Mines: Hindalco has submitted bids for two nickel-cobalt mines located in Maharashtra and Karnataka, according to the company's managing director. References: Business Standard, Mining Technology, Mining dotcom, Down to Earth, Voxel Matters, Chem Analyst, Travel and Tour World

[𝐅𝐄𝐀𝐓𝐔𝐑𝐄𝐒 𝐍𝐄𝐖𝐒] Despite economic challenges globally, international minerals processing specialist Multotec Group remains optimistic about the future of mining in Africa and the company is looking forward to a productive and insightful Investing in African Mining Indaba this year, says Multotec Group of Companies in this week's #MiningIndaba Preview feature. Read more via MW > https://bit.ly/3vPyCgN #MI24 #MiningIndaba2024

Kenya ranks sixth in Africa for mining investment in 2023 survey

Shifting Nigeria’s mining policy: Prioritizing local mineral processing #MineralDeposits #Mining #Nigeria #Raw #RawMaterials #World https://lnkd.in/d4J3EAVZ