Vyzz:
A welcome development...


Only if they will enforce it...

isthatso:
Nigerians like to talk nonsense, $9b ko $9B ni. South Africa the worlds capital of gold mining using industrial mining methods and the might of fortune 500 companies only exports $3B of gold a year. Is it Artisan miners with basket and sieve that will be realising $9b a year in this Nigeria?


I can bet you all the gold they are mining currently is less than $50m a year.....if that!


That said Illegal mining should be tackled.

irepnaija4eva:




Bro $50m in todays exchange of 478 rate is
N239 000 000 000.

Now imagine a state mining such amount every 3months

Dovegrey:

Bleep you

isthatso:


$50m is a long way from $9B, thats all I'm saying. Our uninformed politicians should stop talking anyhow. Like i said tackling illegal mining is a good thing.

Rugaria:
The Chinese will come to Nigeria and be heavily involved in illegal mining?? They will be arrested and then be released!? Chai! When Nigerians are dying in their jails for just Imigration issues? Try illegal mining in China and have your organs harvested! We play too much in this crooked country..

Fahdiga1:
When will they grant the south south the power to control their own resources or when will the south south man up and demand for resource control or are they afraid of their Fulani masters

Fahdiga1:
When will they grant the south south the power to control their own resources or when will the south south man up and demand for resource control or are they afraid of their Fulani masters

isthatso:
Nigerians like to talk nonsense, $9b ko $9B ni. South Africa the capital of gold mining using industrial mining methods and the might of fortune 500 companies only exports $3B of gold a year. Is it Artisan miners with basket and sieve that will be realising $9b a year in this Nigeria?


I can bet you all the gold they are mining currently is less than $50m a year.....if that, I will be surprised if it is even up to $10m!

"Newmont Corporation, based in Greenwood Village, Colorado, United States, is the world's largest gold mining company.[3] Incorporated in 1921, it has ownership of gold mines in Nevada, Colorado, Ontario, Quebec, Mexico, the Dominican Republic, Australia, Ghana, Argentina, Peru, and Suriname" It's total revenue from all it's operations in 11 countries is $9b and it's in Nigeria that artisan miners like Lamidi in Ilesha and Abu in Zamfara with cutlass and hoe and generating $9B? is okay o!!

https://en.wikipedia.org/wiki/Newmont_Corporation


That said Illegal mining should be tackled.

Fahdiga1:
When will they grant the south south the power to control their own resources or when will the south south man up and demand for resource control or are they afraid of their Fulani masters

Nwadiuto247:
Ok. Good one. keep it up. Kalu has a way of getting what he wants.

He knows politics very well , just that he didn't do well in his second tenure as governor in Abia State.

Handsomecole:
Kenneth Udeh,Abuja



https://thenigeriadaily.com/2020/12/09/senate-grants-kalus-motion-to-end-illegal-mining-and-gold-smuggling-in-nigeria/

sholay4star:
Omo, they will soon set efcc to go after him.

irepnaija4eva:


I get ur point.. But i think his over exaggerated figure was to motivate their curiosity and push for the implementation of the notion..

irepnaija4eva:




Bro $50m in todays exchange of 478 rate is
N239 000 000 000.

Now imagine a state mining such amount every 3months

Speaktruth88:
Plenty English. There are two or 3 people that control gold in the north they have been there since the time of IBB and they have hands in the insecurity in the region. If I know this, these people know this as usual no real action is taken just talking for television

isthatso:
Nigerians like to talk nonsense, $9b ko $9B ni. South Africa the capital of gold mining using industrial mining methods and the might of fortune 500 companies only exports $3B of gold a year. Is it Artisan miners with basket and sieve that will be realising $9b a year in this Nigeria?


I can bet you all the gold they are mining currently is less than $50m a year.....if that, I will be surprised if it is even up to $10m!

"Newmont Corporation, based in Greenwood Village, Colorado, United States, is the world's largest gold mining company.[3] Incorporated in 1921, it has ownership of gold mines in Nevada, Colorado, Ontario, Quebec, Mexico, the Dominican Republic, Australia, Ghana, Argentina, Peru, and Suriname" It's total revenue from all it's operations in 11 countries is $9b and it's in Nigeria that artisan miners like Lamidi in Ilesha and Abu in Zamfara with cutlass and hoe and generating $9B? is okay o!!

https://en.wikipedia.org/wiki/Newmont_Corporation


That said Illegal mining should be tackled.