FG set up an exploration fund of $500 million to boost Nigeria Mining

Nigeria Mining Week

Nigerian Mining Week

Get your business involved in Nigeria’s mining at greenfield stage!

The Federal Government has set up an exploration fund of $500 million to boost mining efforts within the country to qualify and discover lucrative mineral base that is in the ground at the moment.

Here is a brief overview of commodity reserves in Nigeria (source: Ministry of Mines and Steel Development)

Bitumen
Total reserves in barrels:
27,000 M
Proven reserves: 1,100 MT
Gold 
Total reserves in ounces:
200 MT
Proven reserves:1 MT
Current production: 0.14 MT
Coal 
Total reserves in metric tonnes:
2,750 MT
Proven reserves: 639 MT
Current production: 0,04 MT
Lead/ Zinc
Total reserves in metric tonnes:
10,0 MT
Proven reserves: 5,0 MT
Current production: 0,6 MT
Iron Ore
Total reserves in metric tonnes:
10,000 MT
Proven reserves: 3,000 MT
Current production: 0,07 MT
Limestone
Total reserves in metric tonnes: 2,300,000 MT
Proven reserves: 568 MT
Current production: 11 MT

The Ministry of Mines and Steel Development is providing a great opportunity for exploration companies, investors and equipment suppliers to make head way into the market at greenfield stage.
Nigeria Mining Week, organised by the Miners Association of Nigeria and in partnership with PwC, provides the crucial platform to meet and conduct mining business.
Find out how by DOWNLOADING OUR SPONSORSHIP BROCHURE>>

Opportunities are limited!
If you looking to interact with and showcase your products in an exciting time in Nigeria contact:

Gareth Murgatroyd | T: +27 (0) 21 700 3587 | Gareth.Murgatroyd@spintelligent.com
Kudakwashe Tsingano | T: +27 (0) 21 700 3588 | E: Kudakwashe.Tsingano@spintelligent.com

16-19 October 2017
Abuja, Nigeria

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Obineme Ndubuisi Micheal, Editor, Content, Technical and Creative Writer covering the entire value chain of the Energy, Mining, Oil and Gas Industry. Oil and Gas Republic focused its publication in Renewable/Energy, Mining, Oil & Gas Industry.
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