Nigeria is regarded as a country endowed with abundant natural mineral resources such as iron, lead-zinc, tin, tungsten, tantalum, gold, manganese, and nickel. In Nigeria, there are a number of laws applicable to the mining sector such as the Constitution of the Federal Republic of Nigeria 1999 (as amended), Land Use Act, …
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The Nigerian Minerals and Mining Act of 2007, National Minerals and Metals Policy 2008 and Nigerian Minerals and Mining Regulations 2011 regulate the mining industry in Nigeria. In conclusion, prospective investors who are willing to invest in the Nigerian mining sectors will be required to fulfill all requirements and condition …
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Mining ore in the sweltering heat of the Nubian desert is the first stage of an illicit network that has exploded in the past 18 months following a pandemic-induced spike in the gold price.
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Despite its appellation as the "Giant of Africa," Nigeria's mining sector has remained largely underdeveloped, overshadowed by the country's booming oil and gas industry. Yet, Nigeria is endowed with a plethora of minerals, including coal, limestone, gold, tin, and tantalite. The question is: what holds back this sector ripe for explosion?
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By PINHEIRO LP INTRODUCTION "Section 2 of the Explosives Regulations, Cap. 117, Laws of the Federation of Nigeria, 1990 defines explosives…The same section defines mining as having the …
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This paper presents the loopholes and the ways to curtail the activities of illegal mining of minerals in Nigeria. KEYWORDS: illegal, mining, government, foreigners, mining rights, minerals, Nigeria, license, reform, services, monitoring. INTRODUCTION Illegal mining is the mining operation that is carried out without consent permit or allowance
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In 2019 the government made the decision to revise the Nigeria Minerals and Mining Act (NMMA), the law that has governed the sector since it came into force in 2007. …
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Mining Law 2021 A practical cross-border insight into mining law Eighth Edition ... Nigeria Brooks and Knights Legal Consultants: Adetayo Adetuyi & Nnanke Williams. 64. ... sector, this list includes rare earth ores, silver and gold ores and concentrates, and some nickel and aluminum alloy products.
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MINING IN NIGERIA –THE NIGERIAN MINERALS AND MINING ACT, 2007 ... fiscal and tax laws. It is a general introductory guide only and not intended to provide legal advice. The Nigerian Opportunity Going for Gold!!! But the future holds a lot more. Nigeria today is in a wave of market
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The Presidential Artisanal Gold Mining Development Initiative ("PAGMI") is a comprehensive artisanal and small-scale gold mining development programme, launched in 2019 to foster the formalization and integration of artisanal gold mining activities into Nigeria's legal, economic, and institutional framework.
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"Council approved a new bill to go to the National Assembly to replace the old law guiding mining in Nigeria. The law we are operating on now is 2007 Nigeria Mineral and Mining Law and 2007 to date is 16 years. It has become obsolete. "A lot of new things have come up in mining. There's a renewed focus and everyone is coming there and as ...
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MINING REGULATIONS, 2011 Highlights and ReviewsGBENGA BIOBAKU & CO.The Federal Ministry of Mines and Steel Development (the 'Ministry') recently issued new …
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Globally, the mining industry is experiencing a boom as there is an increase in the need of critical minerals and new mining technologies, the Nigerian Mining is not left out in this change, this document highlights the progress made and the steps to …
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Under Nigerian law, the federal government owns all mineral resources in the country. ... Banner image: Mukaila Adio, a resident of Oja Tuntun, one of many villages affected by gold-mining, points ...
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Obtain a Mining License: Secure a mining license from the Ministry of Mines and Steel Development if you plan to mine gold yourself. Register with NEPC: Register as an exporter with the Nigerian Export Promotion Council. Secure an Export License: Obtain an export license from the NEPC. Comply with NAPEP: Comply with the Nigerian …
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ENERGY & INFRASTUCTURE GROUP. DECEMBER 2015. THE LEGAL AND REGULATORY FRAMEWORKK NIGERIA: A CATALYST FOR …
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The decline of mining in Nigeria was as a result of two major reasons; the discovery of oil in 1956, and the introduction of the indigenization Decree of 1972. This decree led to the establishment of the Nigerian Mining Corporation (NMC) and the Nigerian Coal Corporation (NCC) with specific mandates ( Mallo 2003).
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The Nigerian Minerals and Mining Act is the principal legislation that regulates the sector. The Act vests the control, regulation and ownership of all mineral resources in the …
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Mining Review Africa (MRA) is the leading monthly magazine and digital platform in the African mining industry. Every month, MRA reaches an audience of over 50 000 influential mining authorities and key decision makers through a variety of channels, including an interactive website, videos and print distribution at all major mining …
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INTRODUCTION: In view of resurging sector reforms in the Nigerian extractive sector and global rise in commodity prices, local interests in mining have …
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The development of Nigeria's mining sector has been slow despite its huge potentials. To reinvigorate the seemingly comatose sector, successive administrations have taken initiatives aimed at ...
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Previously the Government of Nigeria had a commanding role in the local mining industry through the Nigerian Mining Corporation, Nigerian Coal Corporation, and Consolidated Tin Mines. ... Penalties, Taxes (VAT, CIT/WHT, CGT, EDT). The law is very clear on the exclusivity of Solid Minerals, and there is no transfer of rights or powers …
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1erview of the Nigerian Mining Sector Ov 05 2 Mineral Endowment 08. 2.1 Coal 08 2.2umen Bit 09 2.3 Limestone 09 2.4 Iron-Ore 09 2.5arites B 09 2.6ead-Zinc L 11 2.7 Gold 11. 3al and Regulatory Framework Leg 12. 3.1 Mines Inspectorate Department 13 3.2 Mines Environmental and Compliance Department 13 3.3 Mining Cadastre Office 13
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Nigeria's mining sector is diverse in mineral resources that make a significant contribution to the nation's gross domestic product. The country is endowed with an estimated US $700 billion in commercially viable minerals with the capacity to diversify its revenue sources and boost foreign exchange earnings. Its minerals include barite, …
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Nigeria's artisanal and small-scale gold mining sector once held great development potential, employing over 600,000 people and boosting local infrastructure. ... illegal mining and non-payment of royalties to the Federal Government as required by law. To unleash Nigeria's mineral resources revenue potential, Ehi Braimah, a public …
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NIGERIAN MINERALS AND MINING ACT . An Act to repeal the Minerals and Mining Act, No. 34 of 1999 and re-enact the Nigerian ... N19, Laws of the Federation of Nigeria, …
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In Nigeria, there are a number of laws applicable to the mining sector such as the Constitution of the Federal Republic of Nigeria 1999 (as amended) (the Constitution), Land Use Act, Cap L5, Laws of the Federation 2004 (the Land Use Act); Nigerian Minerals and Mining Act, 2007 (the Mining Act); Nigerian Minerals and Mining
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initial review and is intended to replace the old law when enacted. Overtime, key stakeholders in the Sector have been clamoring for the amendment of the dated Act, which has ... gold mining project in Nigeria, the AFC, the Nigerian Mining Sovereign Wealth fund and the Solid Minerals Development Fund (SMDF) recently entered into an ...
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t stated that in order to give the reforms in the mining sectora more meaningful approach, the leadership of the Ministry has prioritized the development of Seven Strategic …
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Nigeria's only industrial gold mine yielded 98,000 ounces of the precious metal last year. News. Markets. ... Africa chair at London-headquartered law firm Herbert Smith Freehills LLP, said in ...
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