The Mining of minerals in Nigeria accounts for only 0.3% of its gross domestic product, due to the influence of its vast oil resources. The domestic mining industries in Nigeria are underdeveloped, leading to Nigeria having to import minerals that it could produce domestically, such as salt or iron ore.

Rights to ownership of mineral resources are held by the Federal government of Nigeria, which grants titles to organizations to explore, mine, and sell mineral resources. Regardless of the challenges, quite a several mining industries are contributing positively to the mining sector.

Also, check out The Standards Organization of Nigeria.

Top Mining Industries in Nigeria

Some of the top Mining Industries in Nigeria include:

Agropet Nigeria Limited

This organization was founded in 1989 and its activities include mining consultancy, mining training, and selling of mining equipment. Agropet offers many services in the mining sector and their experienced specialists are engaged throughout the industry.

This helps them to advise clients in terms of the extensive knowledge and skills of many other mining corporations.

They are also training consultants in the mineral industry and they work for the media, public, and government. Also, they play a major role in making sure that the contribution of the mineral industry to economic and social development is properly understood.

In addition, They play a role in the promotion of Africa’s mineral potential by offering opportunities for members to be involved in national and international events. They deliver accessible development training to the African community at an affordable price.

Eta-Zuma Group Ltd

This is a vibrant mining and processing firm that is engaged in solid minerals in Nigeria.

Eta-Zuma Group is a company of 8 separate companies with Exploration licenses covering diverse solid minerals like iron ore, gold, tantalite, coal, limestone/marble, etc. In April 2009, these eight companies were acquired by Energy and Metal Industries Limited to form the Eta-Zuma Group Limited.

ETA-ZUMA Group is an indigenous conglomerate with interests in diverse strategic sectors of the economy.

1. ZUMA STEEL WEST AFRICA LIMITED
2. ZUMA METAL & ENERGY RESOURCES 3. FCO
3. ETA-ZUMA GROUP
4. ZUMA ENERGY NIGERIA LIMITED
5. ENERGY & METAL INDUSTRIES LIMITED (EMI)

The acquisition was spurred by the economic reason to consolidate the diverse licenses into a balanced portfolio that will reduce risk and position the emerging company to exploit emerging market opportunities in a global commodities market that is on a rebound.

The acquisition also included Eta-Zuma Group Limited – a key player in the emerging solid minerals industry of Nigeria.

The acquisitions increased the size of the company more than five-fold. The Group re-opened earlier exploration sites and has since invested over $10 million in proving reserves of especially marble and opening up new coal reserves and new plants and machinery.

The headquarters at Abuja currently coordinates mainly exploration activities at all exploration sites especially in the Kogi block now in partnership with the technical partners EMI and the Geological Institute of Ukraine.

These activities are projected to see Eta-Zuma-group with a projected minimum turnover of $1bn with management, production, sale, and distribution of coal and other minerals supporting thousands more jobs in businesses involved in the supply of equipment, goods, and services.

Kinsfield Energy Ltd

Kinsfield Energy Ltd. is an emerging extractive company based in Abuja (Nigeria) and Houston (USA). Also, Kinsfield Energy is committed to utilizing the energy mix in both Africa and North America for optimum value.

In addition, Kinsfield Energy’s primary area of interest includes Gold, Oil & Gas, and Power Generation. The Company was established in August 2010. Kinsfield Energy has acquired three gold prospecting licenses since its inception.

The prospects are located in Kogi and Osun States, Nigeria. Kinsfield Energy is currently prospecting for more goldfield opportunities in Osun State, Nigeria.

Kinsfield Energy is on a mission to pursue an aggressive policy of acquisition of Gold, Oil & Gas fields across Africa and North America while working in partnership with versatile companies worldwide. To establish renewable Power Plants across Africa.

Ministry of Mines and Steel Development (MMSD)

The Mines and Steel Development Ministry is a Nigerian ministry established in 1985 to encourage the development of the country’s solid mineral resources.

The Ministry formulates policy, provides information on mining potential and production, regulates operations, and generates revenue for the government.

Operational departments include the Mining cadastre (records of mine locations, ownership, etc.), the Geological Survey of Nigeria, the Mines inspectorate, Artisanal and small-scale mining, and the Mining environment.

The MMSD has a total workforce of 761, including 363 staff from the Nigerian Geological Survey, but excluding the newly established Nigerian Institute of Mining and Geosciences in Jos due to be fully staffed. There are some 29 staff members in the units directly under the Permanent Secretary.

Also, check out Multinational Companies in Nigeria.

SBOG Nigeria

S.B OLATUNJI GLOBAL NIGERIA is a privately-owned company that produces metallic mineral ores: Lead and Zinc from its Nigerian mining fields for exportation to be financially, operationally, and strategically strong and poised for growth.

Our purpose is to create long-term shareholder value through the discovery, acquisition, development, and marketing of natural resources.

Western Goldfields Group Ltd

This is also among major mining companies in Nigeria. The organization was formed by a group of companies to channel their potential and resources to tap into the Nigerian Mining and Minerals Processing Company.

WGG Ltd is among the largest mining and exploration firms in Nigeria. The organization is in charge of the majority of the reserves of coal in Nigeria and it employs more than 150 field exploration professionals with partners from Ukraine and consultants Behre Dolbear from the United States.

Global Resource Exploration & Mining (GREM)

Global Resource Exploration & Mining is a diversified commodity exploration and development organization that focuses on wealth creation for investors by compiling impeccable resource statements and due diligence reports buoyed by unique technologies and expertise.

Although GREM is domiciled in South Africa, it has a global footprint. The competency of the company covers the entire spectrum of minerals; oil and gas exploration and development.

The cutting-edge advantage of GREM is the in-house technologies fashioned to resolve the complexities of different geological terranes.

Combined with highly experienced staff and sound project management, GREM has become a sought-after service provider in commodity exploration and development.

Palladium Mining Limited (PML)

Palladium Mining Limited (PML) is a rapidly expanding indigenous company established in 2014, with the primary goal of becoming the leading mining and exploration company that Discovers, Develops, and Delivers solid minerals in Nigeria.

Our operations span across Nigeria, comprising green and brownfield assets.

Their site locations include Adamawa state, Taraba State, Ebonyi State, Zamfara State, FCT Abuja, and Abia State. Our principal line of minerals includes Lead (Pb), Zinc (Zn), Silver (Ag), Baryte (BaSO4), Tin (Sn), and Columbite (Fe Nbo 26).

PML partners include Vultus Pro mineral resources, Black and Fze, Wishbone Gold Plc, Minex Associates, and Citigate Commodities Trading Ltd
Between the years 2015 and 2016, the company acquired various modern mining equipment.

With a combination of operational excellence and innovation methods, PML can effectively and efficiently improve the development and production of solid minerals before exportation.

Palladium Mining Limited is a member of the Lagos Chamber of Commerce and Industry (LCCI) serving in the Mining Sector Sub Group.

Final Notes on Mining Industries in Nigeria

Before the onset of Covid-19, it was, to the surprise of many, reasonably easy to undertake an exploration project in the country. The Federal Government of Nigeria believes that exploration and junior mining companies would soon discover the country’s enormous geological potential.

Nigeria’s mining industry has been given a clean canvas. The country is an ideal destination for intrepid exploration companies with a large appetite for risk.

According to Malam Mohammad Amate, the Director-General, Nigerian Cadastre Office, Abuja, the Ministry of Mines and Steel Development has put necessary policies in place to encourage investment in the solid minerals sector.

He added that investors had started showing interest in the sector, with most of them coming from outside the country.

Before you go, check out Computer Professional Bodies in Nigeria.

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