Magazine: Nigeria Solid Minerals Sector (Volume 1) pdf

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Ready to Tap into $50 Billion of Solid Minerals?
Dr.KayodeFayemiNamedasNewMinisterofSolidMinerals,Nigeria

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18 - 19 November 2015,
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Dear Stakeholder,
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The IPAD Nigeria Mining Forum is a great networking opportunity and an interactive session
for stakeholders, investors, mining operators, financiers, technology solution providers to explore
the potential opportunities in the Solid Minerals Sector of Nigeria.
The world is facing some critical challenge which the Low Oil Price is among the challenges so
these has highlighted the need for Nigeria to diversify the revenue base of the economy.
As the global population steadily grows, the continued development of emerging economies
depends on managing their resources.
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Nigeria. Our strength in servicing this industry comes from our highly developed teams with
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EDITOR-IN-CHIEF
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SOME ESTIMATED SOLID MINERALS IN NIGERIA
Kaolin Bentonite and Baryte Ore Lead/Zinc
Tantalite Gypsum Rock Salt Gold Bitumen
Talc Limestone Granite
Lignite Gemstone
- Introduction
- Potentials & Challenges of Solid Mineral Operations
- Investment Opportunities
- Exclusive Interviews
- Featured Contents
Contents
Coal
Iron Ore
Diatomite

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Executive Summary
The Nigerian mining sector is a formidable one with a very bright prospect,but needs government
intervention in the area of infrastructure and effective mobilisation of its operators,so as to achieve
maximum results.
One of the ways to achieve good results in this area,is through bringing identified illiterate miners
close to the government,so as to utilise them and their expertise,to secure a lot of revenue. The
activities of illegal miners in most part of the country is an eyesaw and needs soft handling,in order
to bring them closer to the government.In doing this,government should provide a form of subtle
training for indentified miners and make them see reason why mining is a huge business,if properly
harnessed.
This measure,if properly addressed,will be a bedrock to end the illegal activities of artisans,seeking
their daily bread and selling these mineral resources at very cheap prices.
This will also create employment opportunities for them.We believe in the history and expertise of the
new honourable minister of Solid Minerals,Dr.Kayode Fayemi, to create new reforms,such as the
one mentioned here and many others,so as to make Nigerian mining industry lucrative and
seemingly attractive to foreign investors.
MY PERSPECTIVE ON MINING OPERATIONS IN NIGERIA
Tobi Owoyimika is
a writer,Journalist
and Customer
Service Consultant.

Potentials & Challenges of Solid Mineral
Operations in Nigeria
Nigeria is endowed with numerous mineral resources such as
cassiterite, columbite, lead, gold, barite, gypsum, bitumen,
coal etc. The processes of Nigeria's mineral development,
however, greatly affects the environment, largely due to the
fact that most of the mining activities are carried out by small
scale miners who lack appropriate technology and sufficient
funds, and are reluctant to imbibe best practices in their
operations.
Also, the occurrence of mineral resources in commercial
quantities alone, does not, however, guarantee optimum
benefit. Factors such as, technological capacity, finance and
market are also equally important. Several factors will
stimulatetheminingsector.
• First, is the diversity of Nigeria’s metallic and non-metallic
minerals.
• Secondly, international investors should be given a
favorable policy framework. The new national solid mineral
policy of the federal government, which replaced the old
mining laws and regulations, has offered a competitive
environmentforsolidmineralsdevelopment.
Despite the huge deposits of mineral resources in Nigeria, the
success of the mineral and mining industry in alleviating
poverty has been relatively low. In order to attain a
sustainable mineral sector in the economy, the following
should beinplace:
1.IntegrationofminingintotheNigerianeconomy
2.Sustainableuse ofmineralresources
3.Good governancethatwillencourageforeigninvestors
4. Access to information and accurate communication links
between the government and the active players of the
industry.
5.Financialassistance
6.Nigeria Ombudsman should be established to receive
complaints and check all claims through the site
investigation and to assist the economically poor and
vulnerable communities, who are affected by mining and
whose basic human rights are been threatened by mining
operations.
7. Assistance should be provided to indigenous business
people,throughdirectgrantsorsoftloans.
Challenges facingNigeriamining industry:
Minerals are examples of non renewable resources. The
wealth created by minerals is expected to be used to build as
an engine of growth and development, and to sustain it long
after the minerals have been depleted. This poses a great
challenge as to how to create a viable and diversified mining
industry throughout the value chain, and sustain mineral
wealth without compromising other forms of land use and
environmental, social and cultural considerations, and
ensuring an enabling environment that encourages mineral
wealth. Investment challenge is another challenge facing
mining operations in Nigeria. This has to do with how to
invest mineral revenues to ensure sustainable wealth and
deciding how much ought to be saved and how much should
be invested as well as how to determine the area of
investment.
Distributional challenge is yet another challenge facing the
mining industry. This has to do with distributing benefits
from mining equitably and balancing and managing
conflicting local and national level concerns and interests
and determining what form the allocation should take to
promote pro-poor growth. Also associated with this is the
challenge of how to maximize the benefits of mining, and
avoid or mitigate the adverse impacts of mining at the
communitylevel.
By Tobi Owoyimika
Producedby

Divergent interests exist, in dealing with environmentally
sound production and consumption patterns. While issues of
risks and hazards minimization are being addressed, those
relating to elimination of hazardous wastes and full cost
accounting have received few policy recommendations.
Environmental miners are faced with the challenge of how to
optimize the trade-off between environmental damage and
the potential benefits to national and local economies. In
most cases, mine decommissioning is not planned for in a
continuous manner and this includes promotion of
alternative forms of livelihoods for miners, relocation of
mining communities and restoration of land and structures
for alternative uses after mine closure. This has made it
difficult to overcome challenge of environmental
managementintheminingsectoroftheNigerianeconomy.
However, the aforementioned have been put under intense
control. The recently created Ministry of Solid Mineral and
Development has been a major stimulus to the Nigerian
mining industry. If offers a viable alternative to petroleum for
foreign exchange earnings. With the restoration of
democratic government and the support of varied
stakeholders, bright prospects for solid minerals
developmentawaitthenation.
WorksinEverything
Governance and macro-economic challenges is yet another
challenge. This has to do with how to ensure sound systems
of governance and a stable macroeconomic policy which
curbs rent-seeking and corruption while enhancing public
interestinwealthcreation.
Mineral companies are also faced with the challenge of how
to meet sustainable development imperatives. This include
how to go beyond their traditional responsibilities to
employees, shareholders and regulators, and how to engage
in meaningful partnerships with governments and local
communities as well as foster stakeholder participation and
ensure integrated life cycle planning in all activities for a post
miningscenario.
There is also failure to underscore the negative economic,
political, or social externalities and pitfalls which may arise
from a growth strategy that relies solely on mining and lack
of awareness of the potential for resource-dependent growth
toexacerbatepoverty.
Poverty reduction strategies have ignored the contribution of
mining to poverty reduction. Such strategies fail to stress the
fact that growth must be channeled into pro poor initiatives in
order to ensure poverty reduction. Abundance deposit of
mineral resources has accelerated the rout to poverty in
Nigeriaratherthanalleviatesame,formanyreasons:
Neglect of human capital development; non- responsiveness
of government to the needs of Nigerian poor; weak social
infrastructure, dysfunctional economic policy; corruption
etc.
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However, the availability and distribution of these minerals
is not the subject matter of this article but the seemly lack of
information on the investment opportunities available in this
sector.
Nigeria lies approximately between latitudes 4°N and 14°N,
and between longitudes 3°E and 15°E. Nigeria has an
estimated current population of about 140 million, making it
the most populous country in Africa and the tenth most
populous intheworld.
The country as estimated national population growth rate of
5.7% per annum ,an average economic growth rate of 3.5%
per annum in the past five {5} years. Nigeria has a long, but
discontinuous history of mining and the country was a
prominent exporter of tin, columbite and coal. Mining is
administered through the Ministry of Mines and Steel
Development, which is promoting private-sector led
development and with Nigeria Minerals and Mining Act of
2007.
MineralEstimated Reserveand Location
Coal: Nigerian Coal is one of the most bituminous in the
world owing to its low sulphur and ash content and therefore
the most environments friendly. There are nearly 3.00 billion
tonnes of indicated reserves in 17 identified coalfields and
over600 milliontonnesofprovenreserves.
Coalcanbefound inEnuguandKogiStates.
Kaolin: An estimated reserve of 3 billion tonnes of good
kaolinific clays has been identified. It has been discovered in
almost all the state. Nigeria Kaolin Company has it mining
siteinBokkos, PlateauState.
By Tobi Owoyimika
Investment Opportunities In The Solid
Minerals Sector In Nigeria
Nigeria is a big nation with enormous mineral resources. For
a nation that wants to develop her economy, it must look
inwards to identify areas where it has comparative advantage
over other nation and efforts should be geared towards the
developmentoftheidentifiedareas.
Apart from the hydrocarbon {crude oil} deposit which is
Nigeria is well blessed with, the country also have
comparative advantage in the solid minerals sector owning to
the large deposit of mineral deposit in the different parts of
the country and if the Nation is to develop and attain her
vision of 2020 target, more efforts should be geared towards
the development of the solid mineral sector of the Nigeria
economy.
There is no doubt that Nigeria is blessed with so many
mineral deposits. As at the last count, the federal ministry of
mines and steel development have found over five
hundred{500} location of mineral deposit in the country and
identify Nine {9} that they would want to concentrate on and
promote and these include Iron ore,Coal,Tin
O r e , B i t u m e n , G o l d , C o l u m b i t e - Ta n t a l i t e ,
Lead/zinc,Wolframiteandindustrialminerals.
Apart from these minerals, Nigeria is also blessed with
different types of gemstones. Gemstone mining has boomed
in various parts of Plateau, Kaduna and Bauchi States for
years. Some of these gemstones include Sapphire, Ruby,
Aquamarine, Emerald, Tourmaline, Topaz, Garnet,
Amethyst; Zircon, and Flourspar which are among the
world's best. Good prospects exist in this area for viable
investments.

Bentonite and Baryte Ore :These are the main constituents of
the mud used in the drilling of all types of oil wells. The
Nigerian baryte had specific gravity of about 4.3. Over 7.5
million tonnes of baryte have been identified in Taraba and
Bauchi States. Large bentonite reserves of 700 million
tonnes are available in many states of the Federafion ready
formassivedevelopmentandexploitation.
Lead/Zinc :An estimated 10 million tonnes of lead/zinc veins
are spread over eight States of Nigeria. They have been
discorved in Plateau,Bauchi,Gombe,Nassarrawa,Ebonyi
amongstotherstatesofthefederation.
Tantalite : Large deposits of Tantalite are known to occur in
Nasarawa, Gombe and Kogi States as well as the Federal
Capital Territory. The deposits are both alluvial and primary
in the numerous pegmatite bodies that infest these areas.
Grades of well over 50% Ta2O5 are found. Private investors
are 'invited to stake concessions for the development and
loitafionoftantaliteintheseareas.
Gypsum : Gypsum is an important important for the
production of cement. It is also used for the production of
Plaster of Paris (P0P) and classroom chalk, etc.Astrategy for
large-scale mining gypsum used in the cement industries is
urgently required to sustain existing plants and meet future
expansion. Current cement production is put at 8 million
tonnes per annum while the national requirement is 9.6
million tonnes. About one billion tones of gypsum deposits
arespreadovermanysitesinNigeria.
Rock Salt: The national demand for table salt, caustic soda,
chlorine, sodium bicarbonate, sodium hypochloric acid and
hydrogen peroxide exceeds one million tonnes. A colossal
amount of money is expended annually to import these
chemicals by various companies including tanneries, food
beverages, paper and pulp, bottling and other industries
includingtheoilcompanies.
There are salt springs atAwe (Plateau State) and Uburu (Imo
State), while rock salt is available in Benue State. A total
reserve of 1.5 billion tonnes has been indicated, and further
investigations are now being carried out by government to
ascertainthequantumofreserves.
Gold: There are proven reserves of both alluvial and primary
deposits of gold with proven reserves in the schist belt
covering the western half of Nigeria. At present exploitation
of alluvial deposits is being carried out mostly by artisan
minersinafewplacesinthecountry.
A number of primary deposits, which are sufficiently big for
large scale mechanized, mining, have been identified in the
northwest and southwest parts of the country. Private
investors are invited to stake concessions on these primary
deposits. It is interesting to note that the primary deposits are
of relatively high grade and at shallow depth. Proven
deposits have been discorved in Osun, Kwara amongst other
states.
Bitumen: The occurrence of Bitumen deposits in Nigeria is
indicated at about 42 billion tonnes almost as twice the
amount of existing reserves of crude petroleum. When fully
developed, the industry will no doubt meet local
requirements for road construction and also become a foreign
exchangeearnerforthecountry.
Iron Ore: There are over 3 billion tonnes of iron ore found in
Kogi, Enugu, Niger, Zamfara and Kaduna States. Iron is
currently being mined at Itakpe (Kogi State), which is more
or less at the center of the region of crystalline iron deposits.
The large deposit of oolific iron ores of Kogi and Enugu
States are yet to be fully explored. Itakpe iron ore is being
beneficiatedto67%Fe.
Talc: An estimated reserve of over 100 million tones of talc
has been obtained in Niger, Osun, Kogi, Kwara, Ogun,
Taraba and Kaduna States. There are only two medium size
talc processing plants currently operating in Nigeria and both
are located in Niger State. The colour of the Nigerian talc
varies from white through milky-white to grey The talc
industry represents one of the most versatile sectors of the
industrial minerals of the world. The exploitation of the vast
talc deposits in Nigeria would therefore satisfy not only local
demandsbutalsothatoftheinternationalmarketaswell.
Limestone: An estimated reserve of 2.3 trillion tones has
been discovered. The product can be found in the following
states Kogi, Ogun, Cross River, and Sokoto amongst other
location.
Granite: The granite deposit in Nigeria is estimated to be in
billions of metric tons. They found in Ogun, Oyo, Osun,
Ondo, Plateau, Cross River and most other states of the
federation.
Diatomite: Over 200,000 tones deposit of the product has
beenfound inBorno state.
Lignite: Lignite deposits of 72 million tons have been
discovered in Delta state. The investors have a huge task, as
well as clear cut opportunities to unearth these varied
resources.

Investors Angle: Mining Opportunities In
Nigeria - Barite Ore Mining
The Nigeria nation is blessed with abundant mineral
resources; fossil fuels and solid minerals. The most popular
being the fossil fuels since these constitute the nation’s
greatest foreign exchange earner. They have, therefore,
tended to overshadow the solid mineral sector of mining
industry.
The mining industry in Nigeria is regulated by the The
Nigerian Minerals and Mining Act of 2007,National
Minerals and Metals Policy 2008 and Nigerian Minerals and
MiningRegulations2011.
About 34 minerals deposits have been identified in Nigeria
andoneofsuch isBariteOre.
Barite is the principal ore of barium, which is essential in the
formulation of drilling mud. Drilling mud is a mixture of
different types of chemicals in water or oil, which is used in
water,solidmineralsorpetroleumdrilling.
Baryte is an important weighing ingredient and its usefulness
as an addition in drilling mud is that when ground or crushed
and added to the fluid, it increases the density of the fluid to
counteract formation pressure as well as provide density to
the drilling bit for drilling mud in the petroleum industry,The
higher the specific gravity of barite, the more useful it is in
drilling mud formulation. The principal application of
Barites is as a weighting agent in drilling fluids for the
petroleum and natural gas industries. Use of Barites as filler
materials in paper, paints, rubber, plastics etc. industries is
another potential area. Barites is also used in the production
of barium compounds e.g. Barium carbonate which is an
importantingredientintheglass industry.
Technological developments in petroleum exploration,
introduction of 3D seismic surveying techniques and new
drilling techniques had resulted in reduction in barites
demand in well drilling. However with increase in number of
active rigs and drill rig count inAfrica, Europe,Asia, Canada,
Russia, India etc. The demand for barites would increase.
With growth in other industries in future, the overall demand
forbariteswould increase.
BarytesDeposits in Nigeria
The quality of the Nigerian Barytes is moderate to high. It is
often associated with fluorite, calcite, dolomite, quartz, etc.
The major impurities are quartz, iron oxide (goethite), and
carbonates of iron, calcium and magnesium. These
impurities tend to reduce the specific gravity of the
unprocessed barytes which ranges from 3.0 – 4.0 and
increase the cost of the processing and wears out mills
rapidly.
The goethite and silica impurities can be removed by
magnetic and gravity separation. Once processed the specific
gravity of the Nigerian baryte increases and meets the 4.20
specifiedvalue.
Obtaining MiningLeasein Nigeria
There are two options available to a company or an
individualtoenterintotheminingindustryinNigeria.
Through the acquisition of an existing mining property from
the original owner. Approval must be obtained from the
MinistryofSolidMineralsDevelopmentforsuchapurchase.
By obtaining on application, either a Prospecting Right (PR),
an Exclusive Prospecting Licence (EPL), or a Special
Exclusive Prospecting Licence (SEPL), the application
should state financial and technical capability qualifying the
applicantforentryintotheminingsector.
Incentives /GovernmentPolicyon Miningin Nigeria
In order to encourage investment in the solid minerals
industry in Nigeria, Government is the offering the following
incentives:
1.3-5 yearsTaxHoliday
2.Deferredroyaltypayments
3. Possible capitalisation of expenditure on exploration and
surveys
4. Extension of infrastructure such as roads and electricity to
mining sites, and provision of 100% foreign ownership of
miningconcerns.
Having analyzed this,it becomes imperative for foreign
investors to make good use of the above mentioned
advantagesintheminingbusiness inNigeria
By Tobi Owoyimika

12 Latest Technologies Set To Transform The
Nigerian Mining Industry
1. Disruptive-Tech
Topping the list is mobile internet which is expected to improve worker productivity and service delivery. Enhanced
communication technology has not only improved mine site safety but transformed the way safety is managed. The roll out of
the Federal Government's National Broadband Network is expected to create a wealth of opportunity for the mine sites it
touches, and the increased bandwidth that comes with the NBN will enable the facilitation of increased remote mining
Emerging technologies are set to change
the way miners operate over the next
d ecad e. D eliv er in g imp ro v ed
productivity, cost savings, and safety
advancements a report from the
McKinsey Global Institute has
identified 12 technologies that could
drive economic transformations in
coming years. While not all will directly
impact mining, they will play a role in
mining’s supporting sectors including
manufacturingandhealth.
The report explains that the combined
application of all 12 technologies,
including advanced robotics, energy
storage, and mobile internet could have a
potential impact of between $14 trillion
and$33 trillionayearin2025.
By Tobi Owoyimika

Automation in mining is set to not only improve safety but also streamline operations. InAustralia for instance, Mining houses
RioTintoandBHPBillitonhavebothlauchedremoteoperationcentresinWA, billingthemoveasmining'sfuture.
2. Automation ofKnowledgeWork
Establishing networks which collect, monitor and process data will improve process optimisation. It will also allow for the the
efficiencyuseofresources,controllingoptimalwaterandelectricityusage.
Software-as-a-Service (SaaS) and cloud integration allows companies to integrate their various applications so data is entered
once,savingtimeandcreatingconsistencyacrossbusiness centres.
Today's market conditions means finding operational efficiencies is more important than ever. Many mine sites, globally, are
working on implementing automated machinery and processes on site, something that has been taking place for years in
manufacturing. Machinery Automation and Robotics [MAR] have been working with Rio Tinto to develop the new MAR
RoboticIdlerChange-outwhichisabletoreplaceidlersonloaded,operationalconveyors.
“This machine is a brainchild of people in North parkes, this is somebody in North parkes thinking about a better way of doing
something,thatgetspeopleawaythatimprovesproductivity,”StephanieLoaderNorthparkesmanagingdirectorsaid.
With three kilometres of overland conveyor and 6 kilometres of conveyor belt, automating the idler change out process is set to
addalargecompetitiveandsafetyadvantagetoNorthparkes’operation.
“Itenablesus tochangeoutidlerswithoutshuttingdown theconveyor.
“Becauseitis arobotitgetspeopleawayfromdoingprettydifficulttasks,”shesaid.
“As an added bonus we don’t have to shut down the conveyor while we’re doing this work, and we have kilometres of
conveyorsso thisis fantasticforus.
“We’vefullyfundedtheoperationalversion.”

As RioTintomovesits100 millionthtonneviaautomatedtrucks,itis becomingclearthatautomationis heretostay.
And with commodity prices slumping miners are looking to squeeze every last drop out of capital expenditure budgets, forcing
themtogo insearchofthetypesofoperationalefficienciesautomationdelivers.

CominginatnumberseveninMcKinsey's reportwas nextgenerationgenomics,whichwillenablethe'writing' ofDNA.
Numbereightis advancements in energystoragetechniques.
Energy hungry mining companies are increasingly looking for off-grid power solutions, in an effort to reduce the use of diesel
generators, bring down electricity costs and minimizes carbon footprints.Advancements in capture and storage techniques will
nodoubtgoalongwaytowards managingenergyconsumption,costs,supply,andrisks.
3D printing could be miners' “batman belt”, a speaker at last month's 3D printing expo in Mackay predicted. Simon Bartlett,
from Melbourne-based manufacturing and prototyping bureauRapidPro, predicted that miners were among those who could
benefit from the further development of additive manufacturing technologies. He said 3D printing machines could solve the
problemofneedingtohavereplacementpartssentintominingsites.
"It's like Batman's utility belt, to get through his day he needs to be able call on a number of different technologies or a number
ofdifferenttools," hesaid.
Number 10 on the list was advanced materials which have superior strength or conductivity. This technology is not only set to
enhancenanomedicinesbutalsoimproveenergy storageandsolarcells.
Improving the longevity of mining machinery is another benefit of advanced materials; the formulation of better engine oils
can minimise downtime, whilst stronger parts reduces maintenance costs.With fuel costs rising and companies focusing on the
challenges of reducing C02 emissions, many are heralding the LNG boom as a way to offset the energy issues facing the mining
industry. But with big upfront capital costs, and technological advancements some years away, is LNG ever likely to replace
dieselasthepredominantfuelsourceon minesites?
It is estimated that the LNG boom inAustralia is worth $180 billion in planned investments with many predicting the projects
willliftAustraliafromthefourthlargestLNG producertothefirst,knockingQataroffitsperch.
In Queensland alone three projects currently under construction are expected to generate $45 billion in capital expenditure and
produce28.8 MtpaofLNG.
With major companies like Shell,Woodside and BPspending billions on LNG projects, it is clear they expect the gas to become
notonlyamajorrevenueraiserinexports,buttoalsobeusedmorecommonlyonAustraliansoil.

11 Advanced OilAnd Gas Exploration
Electricity costs are one of mining's most expensive inputs, minimising usage will improve environmental impacts and soften
theblow toaminer'sbottomline.
With the application of these technologies in the Nigerian mining industry,there is hope for renewable advancement in the
miningindustryandtheabilitytomeetup withgloballyacceptedminingoperations.

Corporate Profile
On Wedenesday, 11 November 2015, Presdient
Muhammadu Buhari swore in members of his cabinet.
Among them was Dr Kayode Fayemi, the former
governor of Ekiti state, who will be in charge of the
MinistryofSolidMinerals.
STEWARDSHIP OF PUBLIC OFFICE AS
GOVERNOR OFEKITI STATE
During his tenure of office, Dr. Fayemi pioneered
several governance and accountability initiatives in
Healthcare, Education, Infrastructure Development,
Women’s Empowerment and Community
Development that propelled Ekiti State to the top
echelon of the development matrix at the sub-national
level. The state was recognized severally both locally
andinternationallyforthesegiantstrides.
Some of his administration’s legacies in the area of
Governance are the establishment of a regime of
legislatons to guarantee a predictable environment of
good governance,transparencyandaccountability.
He successfully domesticated the Freedom of
Information Law making Ekiti State the first state to so
do and also enacted into law a Fiscal Responsibility bill,
a Public Procurement Legislation, a Public Private
Partnership Law and a Gender Based Violence
ProhibitionLawamongstseveralothers.
For the first time in the history of the state, which was
created out of the old Ondo State in 1996, his
administration replaced the Edicts and Laws of the old
Ondo StatewiththeLawsofEkitiState.
His administration instituted a social security benefit
scheme – the first of its type in any state in Nigeria,
which was backed by an enabling law. The scheme
while operational in the state covered over 25,000
indigent senior citizens and has been adopted as a
cardinal programme of the APC. Also in the area of
Social Services, his administration instituted a Free and
Compulsory Education programme up to senior
secondaryschoollevelforallchildrenandtargeted
Dr. Kayode Fayemi has been officially
appointed as Minister of Solid Minerals,
Nigeria. Former Governor of Ekiti State,
Dr. Kayode Fayemi, was appointed the
Minister of Solid Minerals in the new
cabinet put together by President
Muhammadu Buhari. Mr. Istifanus
Fuktur has been named the Permanent
Secretary for solid minerals and OIL
AND GAS REPUBLIC PUBLICATION,
would like to congratulate the newly
appointed Minister of Solid Minerals and
wishinghimallthebest
By Tobi Owoyimika
Congratulations!

Featured Contents
putting a computer on the desk of every secondary school
student through the Ekiti State E-School Project. Other
accomplishments include the complete refurbishment of
all the public secondary schools in the state; procurement
and distribution of furniture as well as science and sports
equipment to all public secondary schools across the
state.
In the area of healthcare services, Dr. Kayode Fayemi
administration instituted a free health programme which
focused on the vulnerable segments of the population –
children, the elderly, pregnant women and those with
physicaldisabilities.
The administration invested heavily in capacity building,
infrastructure and staff welfare in the healthcare sector
and established health centres in all localities, while
increasing immunisation coverage and disease control.
We significantly improved maternal healthcare and made
the regulation of private health institutions more
effective. Through pragmatic investments in manpower
development in the medical sciences sector – in the
specific case of the Ekiti State School of Nursing and
Midwifery, the students in the school achieved a 90%
success rateintheNationalNursing Examination.
The administration also created a State Health Data Bank
and renovated the secondary healthcare facilities in the
State, while also enacting the Primary Healthcare
Development Agency law. Ekiti State’s health sector
indices for the period of Dr. Fayemi’s stewardship vis-à-
vis the national averages bear testimony to the visionary
leadership of Dr. Fayemi. It is noteworthy that Ekiti had
one of the lowest maternal and child mortality rates in the
country, the lowest HIV/AIDS infection rates and the
highestlifeexpectancyinNigeria.
In terms of Infrastructural Development, pursuant of
making every part of the state accessible by major roads,
the administration accomplished the construction (or
rehabilitation) of over 958 kilometres of Federal, State
and Local roads. Dilapidated water dams in the state were
also made functional again which increased water supply
by about eighty per cent (80%). The administration got
agro-business to thrive in the state and change the
fortunes of the people. Over 15,000 farmers were assisted
through the supply of agro-chemicals and fertilizers. This
led to the cultivation of several thousands of hectares of
land.
The administration also made Ekiti State a most attractive
destination for relaxation and holidays by developing the
Efon, Okemesi, Ikogosi and Ipole-Iloro tourism corridor
– successfully concluding the first phase of the re-
development of the Ikogosi Warm Spring & Resort as the
flagshipof thetourismindustryinthestate.
In the area of equality and empowerment, his
administration empowered women and indeed all the
people regardless of any social markers such as gender,
religion, tribe or physical ability, to fully maximise their
potentials.
In this context, the administration ensured about one third
of all appointments and promotions were for women,
while mobilising resources to attend to issues of concern
for women – from maternal health and child care, to
employment and freedom from abuse. Specifically, Dr.
Fayemi signed into law, the Gender-Based Violence
(Prohibition) Bill in November 2011, making Ekiti State,
the first state to domesticate this law in Nigeria. Dr.
Fayemi also signed into law the Equal Opportunities Law
2013, which prescribes that any form of discrimination in
the sphere of political and public life, education,
healthcare, employment, urban or rural dwelling and
maritalstatuswillbeeliminated.
His administration also domesticated the National
Gender Policy, while providing skills acquisition
programme for out-of-school girls, supporting girl-child
education and inaugurating the Family Court for the
implementation and administration of children and
familymatters.
It is to the credit of his administration that Ekiti state was
described in the Human Development Report (2012) as
the most conducive state to live in Nigeria with the
highest life expectancy of 55 years, above the national
averageof50years.
In clear terms, with the compilation of the achievements
of Dr Kayode Fayemi, we are well assured of the
diversification of the Nigerian economy from depending
only on crude oil and foresee a Ministry that provides
massivejobopportunitiesfor theteemingyouths.

What isChronos Group allabout?
The Chronos Group is a US based
organisation that has recruiting, RPO,
software, technology and entertainment
interestsworldwide.
What isyourposition inthe company?
I am the Founder and Chairman of the
Chronos Group.
How long have you been doing this
business?
I started the business by buying out
distressed companies and turning them
around into profit. The first Chronos
businesses were set up in 1999. We have
also opened new businesses in the market
andourclientsdemanded.
What kind of recruitment services do
you provideto companies?
We provide the full range of recruitment
services including retained and
contingent search and selection, RPO and
BPO services. We work with mainly
Fortune 1000 companies but also
increasingly
mediumsizedcompaniesandstartups.
How many candidates do you have on
your database and what is your client
base presentlylike?
We have well over 200,000 candidates in
our database. Our client base consists
mainly of large and medium sized
companies in the oil, gas, renewable, IT,
Telecom,retail and FMCG sectors
worldwide.
Do you have international recruiting
and outsourcinglocations?
Yes, we are able to work in almost any
location globally. We have actual bricks
and mortar offices in USA, Canada,
Mexico, Costa Rica, Argentina, UK,
Germany, Spain, Sweden, Poland,
Hungary, Romania, Turkey, Russia,
Latvia, Lithuania, Estonia, Nigeria,
Israel.
Apart from your website, do you have
othermeans toreachout to candidates?
MainlyviaLinkedInandFacebook
What are the major achievements for
Chronos Group of Companies?
We have managed to grow almost every
year since 1999 and in 2006 had a
successful divestiture of 4 of our
businesses toaNYSE listedcompany.
We have also been able to take over part
of an ASX listed recruiter in 2009 and in
2010 we were able to expand both
organically and by acquisition. We are
able to provide a timely and cost effective
set of solutions for our clients and delivery
isourmajorachievement.
We have many clients that have worked
with us every month for the last 15 years
andtomethatis amajorachievement.
Will you be interested to invest in
Africa?
Yes, we are interested to investing in
Africa
If you are to invest, which industries
willyou be investing?
We would be investing in Energy, Mining,
IT/Telecom and Agribusiness recruiting
services,RPO andBPO.
Which countries are your target
marketforinvestment inAfrica?
Nigeria, Kenya, Uganda but open to most
countries with the right people and
opportunity.
Simon Harding is the Founder and
Chairman of the Chronos Group,
a company that provides recruitment,
RPO, Software and Technology
services with operations in
over 70 countries. In this interview,
the Chairman of Chronos Group speaks
of their interest to invest in Africa.
“We are interested to invest in Energy, Mining,
IT/Telecom and Agribusiness recruiting
services, RPO and BPO in Africa”
- Simon Harding
By Micheal Obineme
Corporate Profile
www.chronosconsulting.com

Nigeria is Perhaps the Last Remaining Frontier
for Mineral Investment in the Region
1) Let’s start with some background on your company and
yourmain activitiesinthe miningsector?
I work for Bank of Industry (BOI) in Nigeria. We are the foremost
developmental Finance Institution in Nigeria and our mandate as a
DFI is to support quality projects with high developmental impact
such as job creation and poverty alleviation and import
substitution.
Our main activities in the mining sector is to provide financial
assistance for the establishment of large, medium and small
projects as well as the expansion, diversification and
modernisation of existing enterprises; and rehabilitation of existing
ones.
The Bank is gearing efforts towards increasing its support to the
solid minerals portfolio. Also, the Bank’s advocacy role include
advising prospective investors in solid minerals, presentation of
papers on solid minerals at seminars and workshops. As part of its
advocacy role the Bank in August 2015 successfully hosted the
maiden edition of the One-Day Solid Minerals Sensitization
Forum.
2) Why invest inNigerianmining?
Nigeria is located in a geologically proven province and is perhaps
the last remaining frontier for mineral investment in the region.
With wide occurrence of minerals and a history of mineral
production, Nigeria presents a rare opportunity for serious
investorsandthatopportunityisworth exploring.
3) Any specific projects that you are involved in that you are
particularlyexcitedabout?
We have handled several exciting projects but the ones that readily
cometomindare:
An integrated steel project with a projected cost of approximately
US$1.25Bn in Kogi State, Nigeria. It is a project that involved the
conversion of iron ore to steel, it will reduce the importation of
steel, it will bring about a major impact in Industrialisation in
Nigeria. It is also expected to generate a lot of employment
generation and alleviate poverty. The company currently employs
over 2,500 staff and are planning to create an additional 500 jobs.
This project implementation is still at the preliminary stages. We
have also supported the production of iron billets and re-bars from
scrapmetals.
The total investment in these projects was over US$25m. They
projectsarefullyinoperationandhavecreatedover700 jobs.
In addition we supported a project that utilises iron billets as raw
materials for the production of 5.5mm wire rods. This project cost
approximately US$28.81m. This projects has also created over
300 jobs.
We have supported a company that has backwardly integrated into
the mining of Limestone required for production of cement glue.
They will be the first company in Nigeria to manufacture Cement
Glueandwhen fullyoperationalshould employatleast300staff.
A recent project that we are considering will produce wire rods
from scrap metals. They previously imported wire rods for their
nail production. However, with the commencement of production
of wire rods, this will save foreign exchange earnings and create
about400 additionaljobs.
4) What in your view are the main challenges in the Nigerian
miningsector?
Main challenges facing the solid minerals sector in Nigeria include
butnotlimitedtothefollowing:
• InadequateGeologicalandBankabledata
• Inadequatelogisticalsupport
• Informalminingactivities
• Inadequateskilledlabour
• Access toadequatefunding
• LackofInfrastructure
• High capitalrequirement
• High risk andhealthhazard
• WeakGovernmentregulations
• Unwholesomepracticesof Stakeholders
5) You are part of a panel discussion at the upcoming iPAD
Nigeria Mining Forum on financial support for the sector.
What willbe yourmain message?
The mining sector in Nigeria is at the developmental stages with
lots of opportunities. We encourage interested and serious
investors that are interested in this area to approach us for support.
Weprovidesupport tothissectorinvariousways including:
?Financial and business support services to companies engaged
intheextractionandprocessingof solidmineralsresources
?We provide medium to long term funding at very competitive
rates
?We organised seminars and conferences for prospects and
existingminers
?Our emphasisisonprudentprojectselectionandmanagement.
6) How necessary is a gathering such as the iPAD Nigeria
MiningForumfortheindustry?
The gathering will afford investors, Government, the financial
community and other stakeholders a forum to come together to
discuss the Nigerian mining sector with a view for all stakeholder
to get a better understanding of the opportunities and challenges
involved in the development of the sector and to propose pathway
towards improving the business climate for sustainable investment
andgrowth for thesector.
By Annemarie Roodbol
Exclusive Interview
ExclusiveinterviewwithOlayinka
O.MUBARAK,GroupHead,
SolidMineralsandMetals,
LargeEnterprisesDirectorate,
BankofIndustryinNigeria.
At iPAD Nigeria in November, Ms Mubarak is a panelists
during a discussion on “Available financial support for a
growing industry” and the Bank of Industry is a silver
sponsor at the event.

SPONSOR INTERVIEW: “We Don’t Believe in Waiting on
the Federal Government to do Everything. We are a
Visible Stakeholder in the Sector and with an Export
Track Record of Success.”
Exclusive Interview with Oluwaseun Olatunji, MD/CEO of
SBOG Nigeria, Bronze Sponsors at iPAD Nigeria.
1) Please give us some background and history of your
company?
S.B. OLATUNJI GLOBAL NIGERIA LIMITED started its
operations by sourcing, buying and preparing metallic mineral ores
(Lead ore, Copper ore, Manganese ore and Zinc ore) of different
quality grades from artisan miners. However, in year 2011 the
company alongside her expansion plans successfully secured
mining Exploration Licences (EL) in Benue state and Taraba state
respectively and as such the Company is now strategically
positioned to supply Lead ore and Zinc ore in large quantities as the
company’s operations is no longer limited to purchase of the
mineralores fromtheartisanminers.
The company now has exploration licenses of an area of land
spanning about 6.4Km-Square Area. The products after being
cleaned are trucked from the mine(s) to Apapa port Lagos, in
preparationfor shipmenttotheChinesemarket.
Our customers and partners are primarily Chinese importers and
wholesalers who provide the mineral ores to the End-Users
(Smelters) in the local Chinese market. S.B. OLATUNJI GLOBAL
NIGERIA LIMITED is a privately owned company. S.B.
OLATUNJI GLOBAL NIGERIA LIMITED is in its 9th year of
operation.
2) Howwould you describeyourroleintheminingindustry?
We are a company focused on doing our bit in the development of
the mining trade in Nigeria, regardless of the enormous challenges.
We don’t believe in waiting on the federal government to do
everything; however we also have minimum expectations from the
specific mining government agencies. We are a visible stakeholder
inthesectorandof mentionisour exporttrackrecordofsuccess.
3) Any specific projects in the mining industry that you are
involvedinthat you areparticularlyexcitedabout?
We recently engaged a Canadian-trained Geophysicist to get
involved in probing and defining our field in Taraba state; the
project is in its final stage now. We are particularly interested in the
peculiarnatureof theoccurrenceofthesemineralsacross Nigeria.
4) What do you seeas themainchallengesinthe industry?
These includebut not limitedto the following:
?Lack of adequate geological data to support informed decision
making.
?Bureaucracy in the administration of the mining permits, rights
andtitles.
?Absence of industry specific finance by the Nigerian
banks/financialinstitutions.
?Absence of standardized methodology for mineral ores
sampling, testing; no reputable company is engaged in the minerals
inspectionservices.
?Complete absence of indigenous mining junior companies that
haveconsistentoperationsy-o-y.
5) What did you decide to partnerwith iPAD Nigeria Mining
Forum?
Since I discovered it served a good purpose to spark the necessary
frank conversations desperately needed to move the industry
forward.
6) What willbe yourmessage atthe event?
Speaking will be on the necessity for government of Nigeria to
upgrade the existing geological data to bankable data, to encourage
the banks; upgrade to international standards conformity for
mineral ores pre-shipment inspection services; cohesion &
cooperation among the core players (i.e mining cadastre office -
mining companies - ministry of mines - Central Bank of Nigeria -
Nigeria Customs - Nigeria export promotion council); creating fair
playgroundfor miningcompaniestocompeteinglobalmarkets.
Exclusive Interview
By Annemarie Roodbol

Australia Leads the Way in Pushing Nigerian
Mining to the Forefront
18 – 19 November will see the start of the iPAD Nigeria Mining Forum which boasts a strong local and international
programme. iPAD Nigeria Mining Forum, in partnership with PWC and endorsed by the Ministry of Mines and Steel
Development, the Miners Association of Nigeria and the Nigeria Mining and Geosciences Society brings local and
internationalstakeholderstoAbujafrom18-19NovemberattheTranscorpHilton.
Meetourexpertline-up ofspeakers and panellists:
?BabaUmarFarouk,PermanentSecretary,MinistryofMines andSteelDevelopment
?Alh.MohammedAmate,CEO, MiningCadastralOffice,Nigeria
?CarmieOlowoyo, GeneralManager-corporate,SymbolBaseMetals,Australia
?Dr InnocentEzuma,ChiefExecutiveOfficer,ETAZuma,Nigeria
?Dr NnamdiObiago,CEO, ProperTechnologies,Nigeria
?NereTeriba,Director,KianSmithTrade&Co,Nigeria
?PhilipAndrews, Director,Pridolian,Irelandandmore…
The iPAD Nigeria Mining Forum is a key gathering of government officials, mining investors, policy makers, mining
exploration companies and mining operators to discuss and advance mining in Nigeria. The iPAD Nigeria Mining Forum
willlinkyou tothewho’s who intheNigerianminingandquarryingindustry
Sponsorship opportunities: LiamBeckett| Email: Tel:+27 (0)21700 3515
To registeras a delegate:KudaTsingano| Email: Tel:+27 (0)21700 3588
Liam.beckett@spintelligent.com,
Kuda.tsingano@spintelligent.com,
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Micheal Obineme

Robert Gordon University Oil and Gas Institute
Launched in Nigeria
uniquely placed to do this and we
look forward to continuing to
develop our oil and gas offering as we
moveforward.”
Chris Maskell, the Director of UK
Trade & Investment in Nigeria said
that “UKTI enthusiastically supports
RGU’s new Oil and Gas Institute and
sees it as an important enabler to
deepen the relationship between
NigeriaandtheUK”.
The Oil and Gas Institute is designed
to provide a one-stop shop for
industry and other stakeholders to
access RGU’s oil and gas expertise,
with four main areas of focus
including drilling and wells
excellence; operations excellence;
decommissioning excellence; and
business excellence.
Forinquiries,pleasecontact:
Jenny Rush - Communications
Officer| Design andTechnology
RobertGordon University
Schoolhill
Aberdeen
AB10 1FR
Tel:(01224)262206
Email:j.rush@rgu.ac.uk
Robert Gordon University (RGU)
has formally launched its Aberdeen-
based Oil and Gas Institute in Nigeria
at an event today at the British
DeputyHighCommission,Lagos.
At the press briefing, the Director of
RGU’s Oil and Gas Institute,
Professor Paul de Leeuw, described
the key priorities for the new
Institute.
During the visit to Nigeria, Prof. de
L e e u w a n d o t h e r R G U
representatives also met with a
number of funding bodies and
prospectivestudents.
Prof. de Leeuw said: “RGU is
committed to building on our strong
links with Nigeria, which represents
the university’s largest international
student population, particularly as
the country looks to develop the next
generation of oil and gas
professionals to explore its
significantdeepwaterpotential.
“Oil and gas will continue to play a
key role in meeting our primary
energy needs and will do so for
decadestocome.
“Most of this demand will be met
from oil and gas reservoirs currently
not on stream yet, such as deep water
Nigeria, and a whole spectrum of
professionals–fromlawyersto
engineers, computer specialists to
industry leaders – will be required to
makethemostofthispotential.
“RGU has a great track record of
delivering this for the North Sea and
other similar basins around the world
and we feel we have a key role to play
inNigeriaaswell.”
The university’s Oil and Gas Institute
aims to become a world-class centre
of excellence in oil and gas, building
on the thinking, creativity,
experienceand
facilities which have been built up
through more than four decades of
engagement with North Sea oil and
gas.
It has received a £3.6 million
d o n a t i o n f r o m T h e Wo o d
Foundation, a philanthropic
foundation set up by Sir Ian Wood
and his immediate family, to support
its aims, as well as a further £4.1
millionoffundingfromRGU.
“We want to ensure a strong dialogue
with oil and gas stakeholders in
Nigeria to ensure that we can respond
to their particular needs,” Prof. de
Leeuwsaid.
“Given its strong industry links, its
location in Europe’s oil and gas
capital and enviable graduate
employmentrecord,RGU is
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