Osun State Governor, Adegboyega Oyetola on Tuesday says 9,000 artisanal miners have been registered and their biometric data collected as part of moves to curb illegal mining and boost the economy of the state.
Declaring open a 3-day Economic and Investment Summit in the state at Osogbo, Oyetola explained that the Osun Revenue Diversification and Maximisation Scheme (ORDMS) will register all miners, mines and mining equipment and report on all mining activities in the state in partnership with private sector technology partners.
The governor also said the state government has executed a Memorandum of Understanding (MoU) with a renowned mining company as part of necessary preparation for the commencement of mining operations in the state.
He hinted that the state has received a sum of N100 million from Badger Mines, a Canada-based mining company, as sign-on fee for exploration and development of one of the state’s mining titles.
Oyetola expressed optimism that the summit would achieve the desired results going by the positive responses obtained so far from key players in the private sector.
According to him, “Our mining sector, like agriculture, is an old industry yet to be fully harnessed. The State of Osun has ample reserves of a variety of minerals, notably gold, lead/zinc, quartz, feldspar and several precious metals.The state acquired 17 mining licenses for Gold (10); Quarry (4); Lead/Zinc (2); and Quartz and Feldspar (1), from the Nigeria Mining Corporation, and we are willing to partner with interested local and foreign investors to develop these mineral resources.