26.3 C
Lagos
Monday, August 17, 2026

Alake Warns Illegal Miners, Woos Investors To Reclaim Abandoned Pits

Must read

Bala Augie
Bala Augiehttps://moneycentral.com.ng
Bala is the Editor of MoneyCentral Media. Bala is a Fellow (FCA) of the Institute of Chartered Accountants in Nigeria (ICAN) and holds a Bsc in Accounting from the University of Abuja. Bala has over 12 years’ experience in the financial journalism landscape with specialization in the Insurance, markets and Finance sectors.
spot_imgspot_img
- Advertisement -

The Minister of Solid Minerals Development, Dele Alake, has warned illegal miners against extracting minerals from abandoned pits without licences.

Alake gave the warning while reacting to the collapse of an abandoned tin mine pit at Kassa in Barkin Ladi Local Government Area of Plateau.

The warning is contained in a statement issued by his Special Assistant on Media, Lara-Owoeye-Wise on Sunday in Abuja.

The News Agency of Nigeria (NAN) reports that seven miners died on Wednesday evening after a mining pit collapsed on them at a mining site in Kassa community, Barkin Ladi Local Government Area of Plateau.

The minister said the tragedy could have been avoided if the illegal miners had formed a cooperative and applied for the necessary permit.

He said obtaining the permit would have enabled them to benefit from field training by the ministry’s Artisanal Mining Department and secure a steady stream of income.

Alake commiserated with the Government and people of Plateau over the incident, urging artisanal miners nationwide to learn from the tragedy.

“The challenge before the state and the Federal Government is how to turn these potential pits of death into centres of joyful prosperity,” he said.

The minister said there were more than 4,000 mine pits dug by Amalgamated Tin Mines Ltd. alongside their successor companies, Consolidated Tin Mines Ltd. and Nigerian Tin and Allied Products Ltd.

He called on investors to partner with the government to repurpose the abandoned pits for energy, tourism and fishery projects.

Alake said collaboration with the private sector remained the fastest and most proactive approach to transforming abandoned mining sites into productive assets.

He said the ministry had so far rehabilitated 59 abandoned mine pits.

According to him, the ministry, in a move to de-risk investment in the sector, has also inaugurated an initiative deploying advanced Geographic Information System satellite mapping and Artificial Intelligence.

He said that this will help to identify and characterise legacy tin pits.

The initiative, he said, being implemented through a public-private partnership with Impact Nigeria Alliance and geomatics specialist, Intomatics, was adopting Plateau as the pilot state.

Alake said the initiative would support the design and development of workflows for reclaiming the thousands of legacy tin pits across the state.

He advised prospective investors to direct enquiries to the Nigerian Mining Cadastral Office and the ministry’s Mines and Environmental Compliance Department.

He also encouraged investors to apply to the Solid Minerals Development Fund’s funding programme.

To prevent the recurrence of abandoned mine pits, Alake said he had pioneered the establishment of the Environmental Protection and Rehabilitation Fund.

He said the initiative was aimed at ensuring that mining companies contributed funds that could be used to rehabilitate pits where operators failed to do so after mine closure.

“Very soon, we shall conclude discussions with the fund managers.

“Thenceforth, mining companies must pay to the fund so that it can rehabilitate mine pits if the companies do not do so during closure,” he said.



Get More of our proprietary news and analysis as MoneyCentral is now on WhatsApp Channels  Follow the MoneyCentral Nigeria channel on WhatsApp: Click here!

- Advertisement -

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

spot_img

Latest article