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The mining industry worldwide is undergoing unprecedented changes, including high volatility of commodity prices and rising exploration costs. Africa, which produces more than 60 metal and mineral products, has a huge potential with respect to mineral reserves exploration and production.

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Prior to the mining industry's privatisation, the Nigerian Coal Corporation held the monopoly on mining, processing and selling coal, lignite and coke products. Despite the war ending in the 1970s the coal industry did not recover. Attempts to mechanise the industry in the 1970s and 1980s failed and were ultimately abandoned

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Nigeria is blessed with a lot of mineral resources like Limestone, Coal, Iron ore, Bitumen, etc. Aside this, the mining industry in Nigeria is set to take off because the federal government in June 2013 implemented a policy to drive forward the mining industry by declaring the importation of mining equipment duty free. The government is also going after many dormant investors who were granted ...

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Nigeria, Africa's top crude oil producer, is aiming to diversify its economy by developing other industries such as mining through various incentives.

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Nigeria is the largest oil and gas producer in Africa. Crude oil from the delta basin comes in two types: light, and comparatively heavy – the lighter around 36 gravity and the heavier, 20–25 gravity.

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2016-08-15· Nigeria is looking for investments of $7 billion in mining and steel over the next decade as it seeks to develop gold and iron ore extraction industries to diversify its oil-dependent economy.

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