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:
FOCUS AREAS:
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
- 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
- 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
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
- 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