Partnership Key To Competition In Global Market – MMC

By Georgina Humphrey

The Minerals and Miners Centre, MMC, says the only way the Nigerian mining sector can compete in the global market is through partnership.

This is contained in a statement signed by the Country Director of the MMC, Dr. Comfort Asokoro-Ogaji in Abuja.

The statement insists that the private sector players in Nigeria need a global mindset to be able to showcase the huge Minerals in the country and also attract investors.

It stresses that artisnal and small miners must learn to work as a team if they are to be properly represented in the sector.

According to the statement, the mission of MMC is to assist local miners to improve towards more advanced approach and be able to compete in the global market place.

“The way forward for Artisanal and Small Scale Miners in Africa is to look inwards and draw strenght from each other and make progress as home grown companies. We appreciate foreign investors and their interest in developing africa but the mission of MMC is to assist local miners to improve towards more advanced approach and be able to compete in the global marketplace.” she states.

It emphasizes that business talks have been initiated by MMC with GSL Mineral Processing and K-Mines for exploration and operational optimization to manage resources and maximize yield.

“The solutions include open cut and underground mining system simulations, structural 3D modeling of mineral deposits and tools needed by mining companies for pits design, haul roads and mine structures”.

“Our local miners needs to key into global solutions for process optimization and reduce analogue approach to mining. This will ensure quality of exploration data, report integrity and general acceptability by investors”
Asokoro-Ogaji notes.

“We must follow the trend to gain relevance in the global market otherwise our miners will remain local and not have any space where it matters most”.

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The statement adds that MMC will continue to discuss with global solution providers in the industry for its members and strategize for the growth of the sector via private sector led initiatives and solutions”.

“Most Nigerian mining companies are still at the feasibility studies or exploration stages. GSL can assist with the mine value chain from scoping through PEA to PFS and DFS”.

It further reiterates the need for partnership as the way to go, saying: “Another team we are talking to is the SRK Team. Though SRK is not new to us because SRK had worked with Richflood one of MMC’s member company for Environmental due diligence, but this time around, we are discussing a more broad expertise on innovative solutions in a multidisciplinary approaches”.

Edited By Grace Namiji