The Federal Government has identified more than 4,000 abandoned mine pits across Plateau State as potential sites for private investment in energy, tourism and fishery projects, following decades of tin mining activity in the state.
Minister of Solid Minerals Development Dele Alake said the government is seeking private-sector partners willing to convert the pits β many dug by defunct mining conglomerate Amalgamated Tin Mines Limited and its successor companies β from hazard sites into productive economic assets. The announcement follows the collapse of an unlicensed tin mine pit at Kassa in Barkin Ladi Local Government Area, which killed seven people.
The challenge before the state and the Federal Government is how to turn these potential pits of death into centres of joyful prosperity,” Alake said, describing public-private collaboration as the fastest route to unlocking the sites’ economic potential.
The Ministry has so far rehabilitated 59 abandoned pits and is deploying a new public-private initiative β in partnership with ImPPPact Nigeria Alliance and geomatics specialist Intomatics β using GIS satellite mapping and artificial intelligence to locate, assess and develop rehabilitation plans across the remaining sites, with Plateau as the pilot state. Interested investors have been directed to the Nigerian Mining Cadastre Office and the Ministry’s Mines and Environmental Compliance Department, with funding avenues available through the Solid Minerals Development Fund.
Read more news: https://www.theprojectherald.com/boi-n250bn-bond-oversubscribed-institutional-investors/