SROL Shines at AFNIS 2024 with Key ESG Initiatives and Community Engagement

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SROL Shines at AFNIS 2024 with Key ESG Initiatives and Community Engagement

Segilola Resources Operating Limited (SROL) Shines at AFNIS 2024 with Key ESG Initiatives and Community Engagement
Abuja, Nigeria – July 22, 2024 – Segilola Resources Operating Limited (SROL), a subsidiary of Thor Explorations Ltd, proudly participated in the African Natural Resources and Energy Investment Summit (AFNIS) 2024, held from July 16th to 18th at the State House Banquet Hall in Abuja. SROL made a significant impact with their innovative presentations and active engagement in pivotal discussions.


Keynote Address by Thor Explorations Ltd
Chris Omo-Osagie, CFO of Thor Explorations Ltd, delivered the keynote address on behalf of CEO Segun Lawson. The address highlighted Nigeria’s evolving natural resources landscape, particularly the solid minerals sector, and showcased SROL’s flagship project, the Segilola Gold Mine. Lawson emphasized the transformative journey to a fully operational gold mine and reiterated the company’s commitment to sustainable practices, community development, and regulatory compliance.
He also emphasized the company's long-term view in the Nigerian solid minerals industry and its operational achievements, particularly noting the primarily Nigerian workforce. “With a workforce that is 98% Nigerian, and by leveraging the expertise of the 2% expatriate resources, we ensure effective knowledge transfer to our Nigerian team, fostering the development of mining skills and capacity within the country. This commitment to local talent not only strengthens our operations but also contributes to the broader growth and sustainability of Nigeria's mining industry.”


Dynamic Participation in Panels and Discussions
SROL’s involvement in AFNIS 2024 extended beyond the keynote address. The company actively participated in roundtables and panel discussions, including the "Community Relations in the Extractives Industry" panel. During this session, SROL’s Community Relations and Stakeholder Manager, Ms. Madhurii Sarkar-Amoda, underscored the importance of engaging cultural governance leaders in implementing key community initiatives. Her insights reinforced SROL’s dedication to strengthening its social license to operate and promoting responsible mining practices.


Harnessing ESG for Sustainable Impact
A highlight of SROL’s participation was their presentation on “Harnessing ESG to Maximize Our Impact – the SROL Approach.” This presentation showcased the company’s practical and impactful ESG strategies at the Segilola Gold Mine, including the integration of Compressed Natural Gas (CNG) into power generation. This initiative is expected to reduce greenhouse gas emissions by 25%, demonstrating SROL’s commitment to turning challenges into opportunities through sustainable practices.


Government Support and Industry Vision
During the opening remarks, President Bola Ahmed Tinubu, represented by Vice President Senator Kashim Shettima, emphasized Nigeria's dedication to value addition in the mining sector. "Our country offers so much more. That is why we are using this platform to bond with you and share our commitment to harness the boundless potential of Africa’s Mining and Energy Industries," he stated. The President reiterated the administration's commitment to creating a business-friendly environment that encourages local value addition before export, aiming to engage youths in economic activities and boost foreign exchange earnings.
The Minister of Solid Minerals Development, Dr. Dele Alake, underscored the Federal Government's dedication to sustainable mineral resource management. "By leveraging global expertise, technology, and capital, we can transform our natural resources into a catalyst for sustainable development," noted Alake, highlighting the comprehensive reforms that have transformed the sector into a cornerstone of Nigeria's economic diversification strategy.


A Vision for the Future
SROL’s presence at AFNIS 2024 reflects its leadership in the mining sector and its proactive approach to addressing critical industry issues. The company’s commitment to innovative ESG practices, community engagement, and sustainable development sets a strong example for the industry.