Agenda

Delve into the key challenges affecting the mining industry in Nigeria and hear from experts and high-level representatives as they discuss potential solutions.

Key outcomes for 2019

PRE-CONFERENCE: FINANCE AND INVESTMENT DAY

FOCUS AREAS:
  • Development of reliable geological data
  • Transparency from all stakeholders
  • Technology and mechanisation gap
  • Traditional modes of financing unsuitable to artisanal miners
  • Catalysing investment
INITIATIVES:
  • NGSA’s mapping of resources
  • Development of a web-based, interactive carbonate rock data
  • Equipment leasing for artisanal miners
  • NEXIM Bank’s design of additional funding modes
  • Remarkable case studies from Kian Smith, Thor Exploration Ltd, Kogi Iron
RECOMMENDATIONS:
  • Build a solid business case to catalyse investment
  • Establish trust and demonstrate integrity.
  • Government to assist in de-risking the key areas along the value chain


CONFERENCE - SETTING THE MINING INDUSTRY AS A KEY DRIVER FOR ECONOMIC GROWTH

FOCUS AREAS:
  • Understanding financial developments and supporting system
  • Legal framework: licencing vs land ownership
  • Tax reforms
  • Cross-border trade within West Africa
  • Security and safety
  • Education and skills development
  • Mechanisation of small scale miners
  • Engagement and development of local communities
  • Value addition vs. extraction
RECOMMENDATIONS:
  • Regulatory mechanism and processes to be simplified
  • A taxation exemption and duty waiver have been passed for importation of equipment
  • Need for a better law enforcement with regards to illegal mining
  • Equipment leasing and financing for artisanal miners
  • Youth development initiatives and training programmes to be put in place
  • Involvement of local communities in new projects
  • Gather information and seek out suitable collaborations
  • Professionalism and transparency

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