Nigeria: Obasanjo Signs New Mining Law

President Olusegun Obasanjo yesterday signed the Mining Bill into law, predicting a new dawn for the country’s mining industry. He said the new mining law was bound to accelerate foreign direct investment in the sector. The President whose speech was read by the Secretary to the Government of the Federation Chief Ufot Ekaette at the opening of the mining investment conference in Abuja, said a... 

Tag: minerals mining bill nigeria, mining lawas in nigeria, nigeria mines, mining laws in nigeria, nigeria mining law

Dawn of new copper age spurs mining ­merger mania

ANOTHER day, another astounding twist in the gripping M&A pot-boiler that is Canadian miner Inco’s attempted marriage to its local rival Falconbridge. This time the romance may lead to the birth of a new mining giant. Weeks before Swiss miner Xstrata’s all-cash bid for Falconbridge was set to go before shareholders, Inco, Falconbridge and Arizona-based copper producer Phelps Dodge...