The Mining Act. The Mining Act is Nigeria's major legislation governing the mining sector. It regulates all aspects of the exploration and exploitation of solid minerals in Nigeria. The Mining …
اقرأ أكثرAll solid minerals are indisputably the Federal Government of Nigeria's property, according to both the Minerals and Mining Act and the Federal Republic of Nigeria's Constitution. To ensure a just and fair society in Nigeria, the application of this legal stance has remained a contentious topic that needs clarification.
اقرأ أكثرBased on the findings of this study, the problems of solid minerals in Nigeria are inadequate basic infrastructural, illegal mining, unfavorable laws in the sector, high capital outlay, inadequate ...
اقرأ أكثرlegal framework for exploiting solid minerals in Nigeria consists of laws, regulations, policies ... made in respect of any mineral title granted pursuant to the Minerals and Mining Act, 2007. 13.
اقرأ أكثرAccording to KPMG, the Federal Executive Council on April 5, 2023, approved a draft amendment of the Nigerian Minerals & Mining Act ("the Act"), 2007 – the principal legislation regulating the mining of solid minerals in Nigeria. "The new bill (the Nigerian Minerals & Mining Bill 2023), has been sent to the National Assembly for initial ...
اقرأ أكثرPresidential Committee on Solid Minerals Development (2003). Another such signals is the procurement last year, of mineral law expertise to review and revamp the current mining law in conformity with international best practices. This is a very important development as mining law reform is a fundamental pillar in the entire sector reform …
اقرأ أكثرNigeria's mining laws are handled by the Ministry of Solid Minerals Development which oversees the management of all mineral resources. 3.1.1 Nigeria Minerals and Mining Act Of 2007 'The Act' The Nigerian Minerals and Mining Act of 2007 was passed into law on March 16, 2007 to regulate all aspects of the exploration and exploitation of ...
اقرأ أكثرAn Act to Repeal the Minerals and Mining Act, No. 34 of 1999 and Re-enact the Nigerian Minerals and Mining Act, 2007 for the purposes of Regulating all Aspects of the …
اقرأ أكثرSome key provisions: Gives ownership of all mineral resources in Nigeria and in the Exclusive Economic Zone to the Federal Government for and on behalf of the people of Nigeria. Prohibits exploration of minerals without authority. Establishes the Mining cadastre office. Provides for competitive bidding of exploration licences and …
اقرأ أكثرThe solid mineral sector has been targeted by the Nigerian government to lead this agenda of economic diversification as the country has identified forty -four solid minerals minable in commercial quantity.3 However the scourge of illegal mining of these solid mineral is a …
اقرأ أكثرAn Act to repeal the Minerals and Mining Act, No. 34 of 1999 and re-enact the Nigerian Minerals and Mining Act 2007 for the purposes of regulating all aspects of the exploration and exploitation of solid minerals in Nigeria; and for related purposes. [2007 No. 50.] [29. th March, 2007] [Commencement.]
اقرأ أكثرNew Bill to Replace Nigerian Minerals & Mining Act, 2007 The Federal Executive Council (FEC) on 5 April 2023, approved a draft amendment of the Nigerian Minerals & Mining Act ("the Act"), 2007 - the principal legislation regulating the mining of solid minerals in Nigeria. The new Bill i.e., the Nigerian Minerals & Mining Bill 2023
اقرأ أكثرNigeria Mining Week is networking platform designed for the Nigerian mining community. It is more than just a conference and expo, it is an event where you can establish your influence in the Nigerian mining industry. The 2023 theme is 'Capitalising on Nigeria's critical minerals resources for its economic growth'.
اقرأ أكثرThe Ministry. The Ministry of Solid Minerals Development (MSMD) is set up to unlock the economic potentials of the solid minerals sub-sector in Nigeria. The MSMD was established in 1985 as a bold attempt by the Nigerian Government to spur the rapid and beneficial development of the country's solid mineral resources.
اقرأ أكثرBy Gabriel Ewepu, Abuja. THE Minister of Solid Minerals Development, Dr Dele Alake, Monday, assured Nigerians and investors of a major leap of the solid minerals sector in 2024. Alake gave the ...
اقرأ أكثرThese Regulations may be cited as the Nigerian Minerals and Mining Regulations, 2011. 2. In these Regulations— (l) Unless the context indicates otherwise any word to which a meaning has been assigned in the Nigerian Minerals and Mining Act, 2007 (hereinafter in these Regulations referred to as "the Act") shall have that meaning.
اقرأ أكثرLast year, no fewer than 499 licenses were granted to applicants involved in the business of purchasing and sales of minerals. "Predictably, applications for the purchase and sale of Lithium topped the list with 146 licences, followed by Gold, 91; Tin, 46 and Coal, 32. Other minerals for which licences were granted include Tantalite, Iron Ore ...
اقرأ أكثر2007. Source. FAO, FAOLEX. Abstract. This Act concerns the rights in and management of mineral resources in Nigeria. It provides rules for exploration and exploitation of resources and for the protection of the environment. It also concerns possession of mining material, small-scale mining and the protection of interests of host communities ...
اقرأ أكثرAlthough Nigeria's solid mineral resources have not yet been fully mined on a massive scale, the core of these mineral deposits spread throughout the country continues to be a major draw for both informal and traditional mining activity (Ahmed et al., 2018). ... The Nigerian Minerals and Mining Act was enacted in 2007 with a first strategy ...
اقرأ أكثرFollowing these, a 7-year strategic action plan was developed to cover the period 2002–2009. The new solid mineral development policy and the Mineral and Mining Act 1999 shaped and created the legal and regulatory framework for Nigeria's mineral and mining sector (Nigerian Mineral and Mining Policy 2008). The mining policy is expected …
اقرأ أكثرVolume 5 | May 2023. Introduction. Nigeria currently boasts of over forty-four (44) priced solid minerals in the mining space, with huge deposits scattered over different parts of …
اقرأ أكثرMinistry of Solid Minerals Development. MISSION: To exploit the nation's mineral endowments in an environmentally sustainable manner and establish a vibrant minerals …
اقرأ أكثرMineral Buying Centers Across Nigeria The FG, through the Ministry of Mines and Steel Development (MMSD), intends to establish new mineral buying centers across the six geo-political zones of the federation, in line with the provisions of Section 95 and 96 of the Nigerian Minerals and Mining Act (NMMA), 2007.
اقرأ أكثرOn Nov 16, 2023. The Nigerian government has unveiled Mining Guidelines for production of Community Development Agreements (CDAs) to harmonize natural resources extraction between government, mining operators and the host communities. The unveiling of the Revised Guidelines for the CDAs was organised by the Ministry of Solid Minerals ...
اقرأ أكثرUnder the National Development Plan 2021-25, the federal government aims to increase the GDP contribution of non-oil mining activity from 0.4% in 2020 to 3% by 2025. While this is an ambitious target, Nigeria has vast mineral resources distributed throughout the country, many of which are still untapped.
اقرأ أكثرOne of the key changes is that the law will give local governments the impetus to crack down on illegal mining by devolving responsibility from the federal to the state level of government. "The 2007 act is very federal government-centric, so essentially the powers and ownership of mineral rights under the act re…See more on african.business
WebThe legislative framework is embedded in the Mineral and Mining Act 2007 ("the Act"). The Act contains specific provisions that will enhance private sector leadership in the …
اقرأ أكثرBy the virtue of Section 44 of our constitution that made solid minerals to be on the Exclusive List, mining of minerals whether lucid or solid, takes precedence over any other economic land usage.
اقرأ أكثرThe Nigerian landscape holds over 30 types of solid minerals in an identified 450 locations. Deposits span gemstones, metallic ores, energy minerals and construction materials, such as granite. While the mining sector was a mainstay of the economy up until the late 1960s, the focus on oil from that point on has seen the mining's
اقرأ أكثرWith the appointment of a Minister for mining, experts in the country's mining and solid minerals sector have advised the Federal Government to address the lingering challenges bedevilling the ...
اقرأ أكثرNIGERIAN MINERALS AND MINING ACT. An Act to repeal the Minerals and Mining Act, No. 34 of 1999 and re-enact the Nigerian Minerals and Mining Act 2007 for the purposes of regulating all aspects of the exploration and exploitation of solid minerals in Nigeria; and for related purposes. [2007 No. 50.]
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