financing mining of solid minerals in usa

Paradigm Shift for Critical Mineral Investment

United States Inflation Reduction Act. Passed in 2022, the Inflation Reduction Act (IRA) commits to, among other things, reducing US greenhouse gas emissions by …

Nigerian Mining Sector Watch

New Bill to Replace Nigerian Minerals & Mining Act, 2007 The Federal Executive Council (FEC) on 5 April 2023, approved a draft amendment of the Nigerian Minerals & Mining Act ("the Act"), 2007 - the principal legislation regulating the mining of solid minerals in Nigeria. The new Bill i.e., the Nigerian Minerals & Mining Bill 2023

Mining and Minerals | Bureau of Land Management

The minerals on Federal lands are divided into three categories, each subject to different laws and regulations. Locatable, which are subject to the Mining Law of 1872, as amended, include gold, silver, copper and other hard rock minerals. Leasable minerals, such as coal and a host of other commodities, are subject to various Mineral Leasing Acts.

The Impact of Regulations and Laws Governing on Solid …

Mining is one of the primary industries in sub-Saharan Africa. Most countries in Africa rely on minerals, such as diamonds, copper, and gold, as their primary

Contact – Ministry of Solid Minerals Development

Ministry of Solid Minerals Development ... Nigerian Mining Investment Brochure; Nigerian Mineral & Mining Act 2007; Nigerian Minerals & Mining Regulations 2011; Royalty Rates for Minerals; ACTU Standing Order; Budget Performance on Senate Committee on Finance 2022; ACTU Study and Review MMSD; Contact Us. MI Principal Officers; …

A Federal Strategy to Ensure Secure and Reliable …

The United States imports most critical mineral commodities. Specifically, the United States is import-reliant (imports are greater than 50 percent of annual consumption) for 31 2of the 35 minerals designated as critical by the Department of the Interior. The United States does not have any domestic production and relies completely on imports

Nigeria secures US support for mining project funding

The Federal Government of Nigeria, represented by the Minister of Solid Minerals Development, Mr. Dele Alake, and the United States, through Assistant Secretary for Energy and Natural Resources ...

Financing

Africa Finance Corporation (AFC) and the Solid Minerals Development Fund (SMDF) have partnered to co-fund and co-develop commercial-scale mining projects in Nigeria. An initiative of this partnership is the Project Development Facility, launched to fast track the development of priority mining projects in Nigeria.

Mining Project Financing

The term "project financing" describes the various means that lenders use to finance a new project on a basis where repayment is expected only from the cash flow generated by the project. Project financing is always tied to the economic outcome of a project and often is not guaranteed to any appreciable extent by the developer (s).

Mining on Federal Lands: More Than 800 Operations Authorized to …

Different systems govern mining of solid minerals (such as gold, phosphate, and coal) on federal lands—which consist of public domain lands (those usually never in state or private ownership) and acquired lands (those granted or sold to the United States by a state or citizen): Location system. Hardrock minerals (such as gold, silver, …

FG partner bank on solid minerals financing, export

The Solid Minerals Development Ministry and the Nigerian Export-Import (NEXIM) bank, have pledged to address the logistical challenges hindering the export of solid minerals to enhance financing ...

Mining: Edo produced 3.7m tons of solid mineral products …

The Edo State Governor, Mr. Godwin Obaseki, has said the state produced a total of 3.7 million tons of solid mineral products in 2021, urging for increased investment from private actors to rev output. Obaseki disclosed this during a two-day Solid Minerals Stakeholders' Meeting, themed "Addressing the Gaps in the Mineral Sector of Edo State ...

Alternative mine financing | Gowling WLG

Production-linked lending has become a staple of mining finance – particularly for base and precious metals. The two dominant production linked models …

Alternative financing for the mining industry: what …

Private equity finance for mining companies. Another active part of the alternative finance market is the specialist mining private equity funds, such as Orion …

Nigeria Enhances Solid Minerals Development, Maximizes Mining …

In a strong articulation of Nigeria's commitment to mining communities, the Minister of Solid Minerals Development, Dele Alake, addressed the 2023 West African mining host communities conference in the nation's capital, Abuja. His message was clear, emphasizing the federal government's dedication to ensuring that these communities …

Branch of Solid Minerals | Indian Affairs

The Branch of Solid Minerals is a team of geologists and engineers that serve as technical advisors to Tribes and individual Indian landowners throughout the mineral resource development process. We assist with building Tribal business capacity so that Tribes can successfully compete for investment dollars and potential business partners in the ...

Fed. Govt., NEXIM bank collaborate on solid minerals financing…

The collaboration is based on a commitment to strengthen partnerships to close the logistical gap hampering exports of solid minerals while leveraging the bank's resources to bolster mining ...

Horizonte Minerals fails to secure financing, considering …

Shares of Horizonte Minerals plummeted by 89% by 10:10 p.m. EDT. The UK-based nickel developer now has a market capitalization of $8 million, compared to $241 million last October. The company ...

FG partners World Bank on mining sector financing

The Federal Government, through the Ministry of Solid Minerals Development, is exploring collaboration with the World Bank to unlock financing and technical support for the development of the ...

Rise of digital finance: Tokenising mining & metals assets

A mining royalty is a right to receive payment based on a percentage of mineral production or of the revenues or profits generated from the sale of those minerals at a mine. A royalty typically involves an up-front payment to the mining company from the royalty holder (i.e., investor) in return for a contractual undertaking from the mining ...

Developing the solid minerals sector

Establishment of a solid mineral development bank The development of the solid minerals sector is hampered by the lack of adequate funding to cater for the different stages of the life cycle of a typical mining operation. Before returns can be generated from a mining operation, the activities need to go through the 5 stages of exploration ...

Export-Import Bank of the U.S. Chair Touts Financing …

Riyadh, Saudi Arabia – Export-Import Bank of the United States (EXIM) President and Chair Reta Jo traveled to Riyadh, Saudia Arabia last week as part of the U.S. delegation, led by Assistant Secretary of State for Energy Resources Geoffrey Pyatt and Amos Hochstein, Deputy Assistant to the President and Senior Adviser for …

SOLID MINERALS: Dele Alake's antidotes for abandonment, …

The proposed company, the Nigerian Solid Minerals Corporation, is expected to have subsidiaries, "doing business in the seven priority areas that require immediate intervention and focus: gold ...

Economic Devt: SMDF, AFC launch facility to unlock financing …

Minister of Solid Minerals Development, Dr Dele Alake who spoke at a tri-partite agreements signing ceremony between the SMDF, AFC and Excargo Multiphysics in Abuja, described AFC as a big pillar in the efforts of Government to erect a formidable structure for the development of the sector, underscored the importance of financing …

financing mining of solid minerals in usa

The bottoming out of metal prices over 2015-20 16 and most mining companies returning to profits in FY2016 will ensure that traditional forms of finance, including equity and debt financing hold centre-stage as sources of mining finance over the coming years.

Nigeria, US hold talks on funding mining sector

Nigerian Minister of Solid Minerals Development, Dr. Oladele Alake and United States Assistant Secretary for Energy and Natural Resources, Mr. Geoffrey Pratt have agreed to set up a team of officials of both countries to explore financing for credit to mining firms and infrastructures to boost mining activities in Nigeria.

EXIM Support for Critical Minerals Transactions

The Export-Import Bank of the United States (EXIM) has provided financing solutions for mining and energy sector transactions for decades and has world-class expertise …

Nigeria's Solid Minerals as a Source of Economic …

I. Solid Minerals Legal Regime Relevant Policy /Statutes a. Minerals and Mining Act No. 20 of 2007 (the MMA): The Act is the principal legislation that regulates the Nigerian mining sector. The Act vests the control, regulation and ownership of all mineral resources in the Federal Government of Nigeria (FGN).

The Economic Contributions of U.S. Mining, 2021

The non-metallic mineral mining segment of U.S. mining accounted for 690,554 jobs, $43.5 billion in labor compensation and $96.4 billion of U.S. GDP. Annual wages and …

An Appraisal Of Business Potentials And Legal Framework In

Other Solid Minerals that can be found in Nigeria include; Rock salt, Gemstones, Kaolin, Tantalite, and Gypsum. Legal Framework. Exploitation and exploration of Solid Minerals are governed by the Nigerian Minerals and Mining Act 2007 ("the Act"), and the Nigerian Minerals and Mining Regulation 2011. The Act vests control of all …

Mining Sector: FG Revokes 1,633 Mineral Titles

As part of its efforts to sanitize and reposition the solid mineral sector of the economy for international competitiveness, the Federal Government has wielded the big stick of revoking 1,633 minerals titles of defaulting mining companies. The Minister for Solid Minerals Development Dr Oladele Alake made this announcement during the …

Africa Finance Corporation and Solid Minerals Development …

Africa Finance Corporation (AFC) (), the continent's leading infrastructure provider and the Solid Minerals Development Fund of Nigeria (SMDF), a Nigerian mining-focused development fund, today on the sidelines of Nigerian Mining Week in Abuja, announced a transformative partnership aimed at derisking …

Alternative financing for the mining industry: what are the …

Private equity finance for mining companies. Another active part of the alternative finance market is the specialist mining private equity funds, such as Orion Mine Finance, Resource Capital Funds and Taurus. While most miners will normally consider raising equity on public markets, public bourses remain tough places for junior …