Segilola Resources Operating Limited (SROL), a subsidiary of Thor Explorations Ltd, is taking significant strides to establish itself as a leader in the mining sector by engaging stakeholders across the gold value chain. In November 2024, the company hosted a Stakeholder Reception in Abuja, illustrating its commitment to responsible mining and community development. This strategic gathering brought together influential industry figures, including Jumoke Oduwole, the Minister of Industry, Trade, and Investment, and Obadiah Nkom, the Director General of the Mining Cadastre Office, along with representatives from the Nigerian Investment Promotion Commission, PwC, and other notable organisations. The event was an essential part of SROL’s initiative to foster collaboration and showcase their commitment to growth within the industry.
The Stakeholder Reception coincided with SROL’s participation as a Diamond Sponsor at the Nigeria Mining Week, reinforcing the company’s visibility and influence in the sector. Chris Omo-Osagie, the Chief Financial Officer of Thor, highlighted the company’s recognition as one of Nigeria’s Top 10 Non-Oil Exporters. Omo-Osagie emphasized the importance of SROL’s achievements, which included the Responsible Resourcing Award for Labour and the CIPM Oscar for HR Best Practice in Mining for 2024. His remarks focused on the critical role innovation, sustainability, and community impact play in their operations, showcasing SROL’s commitment to leading by example in the responsible mining arena.
SROL’s Country Manager, Austin Menegbo, echoed these sentiments, stressing the company’s dedication to environmental, social, and governance (ESG) principles that guide responsible mining practices. He underscored the necessity of maintaining these commitments as central to SROL’s operations and future strategies. Minister Oduwole praised the contributions of SROL to the diversification of Nigeria’s economy, particularly emphasizing the significance of non-oil exports. She stated that companies like SROL are essential for driving productivity, competitiveness, and economic growth in the country, affirming the government’s commitment to supporting such initiatives.
The company also announced that it received recognition from the Presidential Enabling Business Environment Council (PEBEC) as an Export Champion, a testament to its dedication to advancing national development through mining. During a panel discussion focused on ESG, SROL presented community initiatives that illustrate its commitment to corporate social responsibility. They showcased several projects, such as the Segilola Women’s Initiative Programme, a Scholarship Scheme, and Livelihood Restoration Programmes. Testimonials from beneficiaries highlighted the positive impact these initiatives have had on local communities.
Moreover, SROL’s community engagement extended to healthcare initiatives, exemplified by the successful completion of its second annual community medical outreach, which provided healthcare services to nearly 2,000 people in Osun State. This outreach benefited residents from various local communities, including Imogbara, Odo-Ijesha, and Iperindo, as well as inmates from nearby prisons. The services provided encompassed health diagnostics, medication distribution, and awareness campaigns, showcasing SROL’s holistic approach to community wellbeing and development.
In conclusion, Segilola Resources Operating Limited continues to set a strong precedent for responsible mining practices in Nigeria. The company’s commitment to sustainability and community development, coupled with its collaborations with key stakeholders, positions it as a pivotal player in the mining industry. Menegbo concluded by stating that SROL aims to build on its achievements and maintain its momentum, pledging to uphold its standards of responsible mining while fostering progress in Nigeria’s mining sector. This multifaceted approach not only benefits the company but also contributes significantly to the country’s economic diversification and overall development.
