Nigeria's Mining Sector To Be Showcased At London Stock Exchange.

The Honourable Minister of Mines and Steel Development, Mrs. Diezani Alison – Madueke is leading the Nigerian delegation to the event.

Mrs. Alison–Madueke, will deliver a keynote address at the event which will focus on investment opportunities and the conducive, investor friendly frame work that has been put in place by the Government of the Federal Republic of Nigeria.

Some of the reforms put in place include: the enactment of Nigeria’s Mining and Minerals Act of 2007, the Minerals and Metals policy of Nigeria, Granting of concessions to investors in the Mining Sector; Issuance of Mining Licenses and Leases to investors on first come first served basis and transparency on Mining Titles administration, formalizing the operations of informal Miners through the formation of cooperatives, geophysical mapping of solid mineral  resources of the country among others.

Nigeria is blessed with over 34 solid mineral resources of commercial quantities in over 450 locations spread across all the States of the country, Including the Federal Capital Territory (FCT).

A few of the solid mineral resources in Nigeria include: Gold, Bitumen, Iron – Ore, Coal, Barytes, Gemstone, Lead and Zinc.

Nigeria’s Mining Sector is a virgin sector waiting to be explored and exploited by foreign and local investors.

It is important to note that since Mrs. Diezani Alison – Madueke resumed duty as the Honourable Minister in the Ministry of Mines and Steel Development in December, 2008 she has repositioned and brought about a lot of vibrancy to the Ministry and the Mining Sector.

Some of the papers to be presented at the event include: Challenges and opportunities for Mining in Nigeria: The International Perspective, Building Financial and Legal Models for Investment in Nigeria.