Nigeria Mining Industry (2015)

Ready to Tap into $50 Billion of Solid Minerals?

OIL GAS Relaunching Nigeria as a Great Mining Destination Australia Leads the Way in Pushing Nigerian Mining to the Forefront

Dr. Kayode Fayemi Named as New Minister of Solid Minerals , Nigeria In partnership with

Official recruitment partner

www.oilandgasrepublic.com

Produced by

www.ipad-nigeria.com

18 - 19 November 2015, Abuja - Nigeria

www.ipad-nigeria.com

Introduction Dear Stakeholder, We are pleased to announce that OIL AND GAS REPUBLIC PUBLICATION is a premier media partner at IPAD Nigeria Mining Forum 2015.

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.

As a premier media partner, we are committed to providing latest updates to unlock opportunities in this industry and to continuing to be part of the development in the Solid Minerals Sector of Nigeria. Our strength in servicing this industry comes from our highly developed teams with an extensive experience and the strong connection we maintain across our global network.

We welcome you to this our publication and hope you have an enjoyable and productive time.

Should you have any inquiries, please feel free to contact us with the contact details below.

Kind regards, Micheal Obineme Publisher & CEO OIL AND GAS REPUBLIC PUBLICATION

CORRESPONDENT Spintelligent, Clarion Events 2nd floor Great Westerford, 240 Main Road, Rondebosch, 7700, Cape Town, South Africa PO Box 321, Steenberg, 7947, South Africa

PUBLISHER & CEO Micheal Obineme - Nigeria EDITOR-IN-CHIEF Faith Ohai - USA PUBLISHER & JOURNALIST Tobi Owoyimika - Nigeria HOW TO ADVERTISE OR GET MORE COPIES OF OUR PUBLICATIONS Please contact us as shown below: Email: info@oilandgasrepublic.com oilandgasrepublic@gmail.com

MARKETING CO-ORDINATOR Benjamin Jones Email: Benjamin.jones@spintelligent.com Tel: +27 (0) 21 700 3595 COMMUNICATIONS MANAGER Annemarie Roodbol Email: annemarie.roodbol@spintelligent.com Tel: +27 21 700 3558

HOTLINES: +2349098095532, +2348178472807 Website: www.oilandgasrepublic.com

In partnership with

Official recruitment partner

www.oilandgasrepublic.com

www.oilandgasrepublic.com Contents -

Introduction

-

Potentials & Challenges of Solid Mineral Operations

-

Investment Opportunities

-

Exclusive Interviews

-

Featured Contents

SOME ESTIMATED SOLID MINERALS IN NIGERIA Coal

Tantalite

Iron Ore

Diatomite

Kaolin

Bentonite and Baryte Ore

Gypsum

Rock Salt

Gold

Limestone

Talc

Lignite

Lead/Zinc

Gemstone

www.oilandgasrepublic.com

Bitumen

Granite

About the Producer

OIL AND GAS REPUBLIC is a global publication, recruitment, marketing and advertisement website featuring up-to-date, searchable contents covering all areas of the oil and gas industry.

The website www.oilandgasrepublic.com provides the right platform for latest news, job opportunities, events, articles, training programs, B2B, marketing & advertising your products and services, investment opportunities, sharing of market information, buy for me services, sell for us services, public – private partnership {PPP} and international business opportunities for the benefit of both local, international companies and investors.

Our Services Includes: v Recruitment Services:

v Publishing

Marketing & Advertising:

v Magazine Publication

Oil & Gas Recruitment

v Digital Marketing

v Media Coverage

IT/Telecom Recruitment

v Social Media Marketing

v Video Production

Software Services

v Internet Marketing

v Article Writing

Payrolling

v Email Marketing

RPO

v Affiliate Marketing

It is structured according to market driven demands and we conceptualize, research and develop business ideas that equips and assist your company to increase its bottom line.

Our Strategic Marketing Units Include: v Ad banner placement v Video Production v Documentary v Digital and Social Media Marketing We provide a service that adds value, promote and develop our clients business into a strong and visible global brand.

For inquiries, please contact us below: info@oilandgasrepublic.com

+2348065187468, +2349098095532

oil and gas republic

ogrepublic

michealobineme

+NdubestObineme

oilrepublic

oilandgasrepublic

www.oilandgasrepublic.com

www.oilandgasrepublic.com

Executive Summary

MY PERSPECTIVE ON MINING OPERATIONS IN NIGERIA

Tobi Owoyimika is a writer,Journalist and Customer Service Consultant.

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.

www.oilandgasrepublic.com

www.oilandgasrepublic.com Potentials & Challenges of Solid Mineral Operations in Nigeria

By Tobi Owoyimika 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 stimulate the mining sector. • 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 environment for solid minerals development.

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 be in place: 1. Integration of mining into the Nigerian economy 2. Sustainable use of mineral resources 3. Good governance that will encourage foreign investors 4. Access to information and accurate communication links between the government and the active players of the industry.

5. Financial assistance 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, through direct grants or soft loans.

Challenges facing Nigeria mining 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 community level.

www.oilandgasrepublic.com

Produced by

www.oilandgasrepublic.com 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 interest in wealth creation.

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 mining scenario.

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 to exacerbate poverty.

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 Nigeria rather than alleviate same, for many reasons:

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 management in the mining sector of the Nigerian economy.

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 development await the nation.

Neglect of human capital development; non- responsiveness of government to the needs of Nigerian poor; weak social infrastructure, dysfunctional economic policy; corruption etc.

Works in Everything For inquiries, please contact us at: ndubestoilandgas@gmail.com Phone: 08065187468

www.oilandgasrepublic.com

www.oilandgasrepublic.com Investment Opportunities In The Solid Minerals Sector In Nigeria

By Tobi Owoyimika 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 development of the identified areas.

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,Wolframite and industrial minerals .

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.

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 4째N and 14째N, and between longitudes 3째E and 15째E. Nigeria has an estimated current population of about 140 million, making it the most populous country in Africa and the tenth most populous in the world.

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.

Mineral Estimated Reserve and 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 over 600 million tonnes of proven reserves.

Coal can be found in Enugu and Kogi States.

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 site in Bokkos, Plateau State.

www.oilandgasrepublic.com

www.oilandgasrepublic.com 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 for massive development and exploitation.

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 amongst other states of the federation.

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 loitafion of tantalite in these areas.

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. A strategy 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 are spread over many sites in Nigeria.

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 including the oil companies.

There are salt springs at Awe (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 ascertain the quantum of reserves.

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 miners in a few places in the country.

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 exchange earner for the country.

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 beneficiated to 67% 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 demands but also that of the international market as well.

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 been found in Borno 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.

www.oilandgasrepublic.com

www.oilandgasrepublic.com Investors Angle: Mining Opportunities In Nigeria - Barite Ore Mining 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 in Africa, Europe, Asia, Canada, Russia, India etc. The demand for barites would increase.

With growth in other industries in future, the overall demand for barites would increase.

Barytes Deposits 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.

By Tobi Owoyimika 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 Mining Regulations 2011.

About 34 minerals deposits have been identified in Nigeria and one of such is Barite Ore. 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, solid minerals or petroleum drilling.

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 important ingredient in the glass industry.

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 specified value.

Obtaining Mining Lease in Nigeria There are two options available to a company or an individual to enter into the mining industry in Nigeria.

Through the acquisition of an existing mining property from the original owner. Approval must be obtained from the Ministry of Solid Minerals Development for such a purchase.

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 applicant for entry into the mining sector.

Incentives / Government Policy on Mining in Nigeria In order to encourage investment in the solid minerals industry in Nigeria, Government is the offering the following incentives: 1. 3-5 years Tax Holiday 2. Deferred royalty payments 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 mining concerns.

Having analyzed this,it becomes imperative for foreign investors to make good use of the above mentioned advantages in the mining business in Nigeria

www.oilandgasrepublic.com

www.oilandgasrepublic.com 12 Latest Technologies Set To Transform The Nigerian Mining Industry Emerging technologies are set to change the way miners operate over the next decade. Delivering improved 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 manufacturing and health.

By Tobi Owoyimika

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 trillion a year in 2025.

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

www.oilandgasrepublic.com

www.oilandgasrepublic.com Automation in mining is set to not only improve safety but also streamline operations. In Australia for instance, Mining houses Rio Tinto and BHP Billiton have both lauched remote operation centres in WA, billing the move as mining's future.

2. Automation of Knowledge Work Establishing networks which collect, monitor and process data will improve process optimisation. It will also allow for the the efficiency use of resources, controlling optimal water and electricity usage.

Software-as-a-Service (SaaS) and cloud integration allows companies to integrate their various applications so data is entered once, saving time and creating consistency across business 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 Robotic Idler Change-out which is able to replace idlers on loaded, operational conveyors.

“This machine is a brainchild of people in North parkes, this is somebody in North parkes thinking about a better way of doing something, that gets people away that improves productivity,” Stephanie Loader Northparkes managing director said.

With three kilometres of overland conveyor and 6 kilometres of conveyor belt, automating the idler change out process is set to add a large competitive and safety advantage to North parkes’ operation.

“It enables us to change out idlers without shutting down the conveyor.

“Because it is a robot it gets people away from doing pretty difficult tasks,” she said.

“As an added bonus we don’t have to shut down the conveyor while we’re doing this work, and we have kilometres of conveyors so this is fantastic for us.

“We’ve fully funded the operational version.”

www.oilandgasrepublic.com

www.oilandgasrepublic.com

As Rio Tinto moves its 100 millionth tonne via automated trucks, it is becoming clear that automation is here to stay.

And with commodity prices slumping miners are looking to squeeze every last drop out of capital expenditure budgets, forcing them to go in search of the types of operational efficiencies automation delivers.

www.oilandgasrepublic.com

www.oilandgasrepublic.com Coming in at number seven in McKinsey's report was next generation genomics, which will enable the 'writing' of DNA. Number eight is advancements in energy storage techniques.

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 no doubt go a long way towards managing energy consumption, costs, supply, and risks.

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 problem of needing to have replacement parts sent in to mining sites.

"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 of different tools," he said.

Number 10 on the list was advanced materials which have superior strength or conductivity. This technology is not only set to enhance nanomedicines but also improve energy storage and solar cells.

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 diesel as the predominant fuel source on mine sites?

It is estimated that the LNG boom in Australia is worth $180 billion in planned investments with many predicting the projects will lift Australia from the fourth largest LNG producer to the first, knocking Qatar off its perch.

In Queensland alone three projects currently under construction are expected to generate $45 billion in capital expenditure and produce 28.8 Mtpa of LNG. With major companies like Shell, Woodside and BP spending billions on LNG projects, it is clear they expect the gas to become not only a major revenue raiser in exports, but to also be used more commonly on Australian soil.

www.oilandgasrepublic.com

www.oilandgasrepublic.com

11 Advanced Oil And Gas Exploration Electricity costs are one of mining's most expensive inputs, minimising usage will improve environmental impacts and soften the blow to a miner's bottom line.

With the application of these technologies in the Nigerian mining industry,there is hope for renewable advancement in the mining industry and the ability to meet up with globally accepted mining operations.

www.oilandgasrepublic.com

Corporate Profile

Congratulations!

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 wishing him all the best

By Tobi Owoyimika 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 Ministry of Solid Minerals.

STEWARDSHIP OF PUBLIC OFFICE AS GOVERNOR OF EKITI STATE During his tenure of office, Dr. Fayemi pioneered several governance and accountability initiatives in Healthcare, Education, Infrastructure Development, Wo m e n ’s E m p o w e r m e n t a n d C o m m u n i t y 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 and internationally for these giant strides.

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, transparency and accountability.

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 Prohibition Law amongst several others.

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 State with the Laws of Ekiti State.

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 secondary school level for all children and targeted

www.oilandgasrepublic.com

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 physical disabilities.

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 rate in the National Nursing 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-àvis 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 highest life expectancy in Nigeria.

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 redevelopment of the Ikogosi Warm Spring & Resort as the flagship of the tourism industry in the state.

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 marital status will be eliminated.

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 family matters.

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 average of 50 years.

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 massive job opportunities for the teeming youths.

www.oilandgasrepublic.com

Corporate Profile

Simon Harding is the Founder and Chairman of the Chronos Group, a company that provides recruitment, RPO, Software and Tech nology services with operations in over 70 countries. In this interview, the Chairman of Chronos Group speaks of their interest to invest in Africa.

By Micheal Obineme

“We are interested to invest in Energy, Mining, What are the major achievements for Chronos Group of Companies?

IT/Telecom and Agribusiness recruiting We have managed to grow almost every year since 1999 and in 2006 had a services, RPO and BPO in Africa� successful divestiture of 4 of our businesses to a NYSE listed company.

- Simon Harding What is Chronos Group all about?

The Chronos Group is a US based organisation that has recruiting, RPO, software, technology and entertainment interests worldwide.

What is your position in the 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 and our clients demanded.

What kind of recruitment services do you provide to 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

medium sized companies and start ups.

How many candidates do you have on your database and what is your client base presently like?

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 outsourcing locations?

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 other means to reach out to candidates?

Mainly via LinkedIn and Facebook

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 is our major achievement.

We have many clients that have worked with us every month for the last 15 years and to me that is a major achievement.

Will you be interested to invest in Africa?

Yes, we are interested to investing in Africa If you are to invest, which industries will you be investing?

We would be investing in Energy, Mining, IT/Telecom and Agribusiness recruiting services, RPO and BPO. Which countries are your target market for investment in Africa?

Nigeria, Kenya, Uganda but open to most countries with the right people and opportunity.

www.chronosconsulting.com

Exclusive Interview Nigeria is Perhaps the Last Remaining Frontier for Mineral Investment in the Region Exclusive interview with Olayinka O. MUBARAK, Group Head, Solid Minerals and Metals, Large Enterprises Directorate, Bank of Industry in Nigeria.

The total investment in these projects was over US$25m. They projects are fully in operation and have created over 700 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 Glue and when fully operational should employ at least 300 staff.

By Annemarie Roodbol 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.

1) Let’s start with some background on your company and your main activities in the mining sector?

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 in Nigerian mining?

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 investors and that opportunity is worth exploring.

3) Any specific projects that you are involved in that you are particularly excited about?

We have handled several exciting projects but the ones that readily come to mind are: 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 scrap metals.

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 about 400 additional jobs.

4) What in your view are the main challenges in the Nigerian mining sector?

Main challenges facing the solid minerals sector in Nigeria include but not limited to the following: • • • • • • • • • •

Inadequate Geological and Bankable data Inadequate logistical support Informal mining activities Inadequate skilled labour Access to adequate funding Lack of Infrastructure High capital requirement High risk and health hazard Weak Government regulations Unwholesome practices of Stakeholders

5) You are part of a panel discussion at the upcoming iPAD Nigeria Mining Forum on financial support for the sector.

What will be your main 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.

We provide support to this sector in various ways including: ?

Financial and business support services to companies engaged in the extraction and processing of solid minerals resources ?

We provide medium to long term funding at very competitive rates ?

We organised seminars and conferences for prospects and existing miners ?

Our emphasis is on prudent project selection and management.

6) How necessary is a gathering such as the iPAD Nigeria Mining Forum for the industry?

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 and growth for the sector.

www.ipad-nigeria.com

Exclusive Interview 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.

By Annemarie Roodbol

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 mineral ores from the artisan miners.

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 preparation for shipment to the Chinese market.

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) How would you describe your role in the mining industry?

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 in the sector and of mention is our export track record of success.

4) What do you see as the main challenges in the industry?

These include but not limited to the following: ?

Lack of adequate geological data to support informed decision making. ?

Bureaucracy in the administration of the mining permits, rights and titles. ?

Absence of industry specific finance by the Nigerian banks/financial institutions. ?

Absence of standardized methodology for mineral ores sampling, testing; no reputable company is engaged in the minerals inspection services. ?

Complete absence of indigenous mining junior companies that have consistent operations y-o-y.

5) What did you decide to partner with 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 will be your message at the 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 playground for mining companies to compete in global markets.

3) Any specific projects in the mining industry that you are involved in that you are particularly excited about?

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 peculiar nature of the occurrence of these minerals across Nigeria.

www.ipad-nigeria.com

Featured Content Australia Leads the Way in Pushing Nigerian Mining to the Forefront

Micheal Obineme 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 international stakeholders to Abuja from 18-19 November at the Transcorp Hilton.

Meet our expert line-up of speakers and panellists: ?

Baba Umar Farouk, Permanent Secretary, Ministry of Mines and Steel Development ?

Alh. Mohammed Amate, CEO, Mining Cadastral Office, Nigeria ?

Carmie Olowoyo, General Manager-corporate, Symbol Base Metals, Australia ?

Dr Innocent Ezuma, Chief Executive Officer ,ETA Zuma, Nigeria ?

Dr Nnamdi Obiago, CEO, Proper Technologies, Nigeria ?

Nere Teriba, Director, Kian Smith Trade & Co, Nigeria ?

Philip Andrews, Director, Pridolian, Ireland and more…

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 will link you to the who’s who in the Nigerian mining and quarrying industry Sponsorship opportunities: Liam Beckett | Email: Liam.beckett@spintelligent.com, Tel: +27 (0) 21 700 3515 To register as a delegate: Kuda Tsingano | Email: Kuda.tsingano@spintelligent.com, Tel: +27 (0) 21 700 3588

www.ipad-nigeria.com

Featured Contents 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 move forward.”

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 Nigeria and the UK”.

Robert Gordon University (RGU) has formally launched its Aberdeenbased Oil and Gas Institute in Nigeria at an event today at the British Deputy High Commission, 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 Leeuw and other RGU representatives also met with a number of funding bodies and prospective students.

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 significant deep water potential.

“Oil and gas will continue to play a key role in meeting our primary energy needs and will do so for decades to come.

“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 – from lawyers to

engineers, computer specialists to industry leaders – will be required to make the most of this potential.

“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 in Nigeria as well.”

The university’s Oil and Gas Institute aims to become a world-class centre of excellence in oil and gas, building o n t h e t h i n k i n g , c r e a t i v i t y, experience and

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.

For inquiries, please contact: Jenny Rush - Communications Officer | Design and Technology Robert Gordon University Schoolhill Aberdeen AB10 1FR facilities which have been built up Tel: (01224) 262206 through more than four decades of Email: j.rush@rgu.ac.uk 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 million of funding from RGU. “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 Leeuw said.

“Given its strong industry links, its location in Europe’s oil and gas capital and enviable graduate employment record, RGU is

www.oilandgasrepublic.com

REGISTER NOW AT WWW.OFFSHOREWESTAFRICA.COM

REGISTER NOW AT WWW.OFFSHOREWESTAFRICA.COM