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Nigerian Mineral and Mining Act 2007; Nigerian Minerals and Metals Policy; Nigerian Minerals and Mining Regulations 2011; Royalty Rates for Minerals; CONTACT US. 2, Luanda Crescent, off Adetokunbo Ademola Crescent, Wuse II, Abuja, F.C.T., Nigeria +234 9 523 9064
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Nigeria (/ n aɪ ˈ dʒ ɪər i ə / ), officially the Federal Republic of Nigeria, is a country in West Africa.It is geographically situated between the Sahel to the north and the Gulf of Guinea to the south in the Atlantic Ocean.It covers an area of 923,769 square kilometres (356,669 sq mi), and with a population of over 218 million, it is the most populous country in Africa, and the world's ...
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Experts Scrutinise ECOWAS Model Mining And Minerals Development Act by MiningNG: 8:50am On Aug 26, 2018. Steps are being taken to look into the draft Economic Community of West African States (ECOWAS) model mining and minerals development Act of with a view of validating its texts. The scrutiny is to be done by national mining experts, who will ...
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Attempts to modernise the Nigerian mining industry and attract private investment began in 2007 with the introduction of the Nigerian Minerals and Mining Act, which aimed to set the rules for the exploration and exploitation of solid minerals. The law stated that the government owns all the country's mineral resources, established a mining ...
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The NIPC Act provides for foreign nationals to own up to 100% equity and undertake any type of business in Nigeria except those related to the production of arms, ammunition, narcotics and related substances and any items indicated on the negative list as defined by section 31 of the Act.
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2021. Mayer Brown and T&C recognized in Latin Lawyer 250 for eighth consecutive year. April 30. 2021. Green funding for mining. Proximo (subscription required) April 21. 2021. The Legal 500 EMEA 2021 ranks Mayer Brown in 25 categories and recognizes five lawyers as "Leading Individuals".
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Nigerian Minerals and Mining Act, 2007 (Act No. 20). Country: Nigeria: Subject(s): Mining and quarrying workers: Type of legislation: Law, Act: Adopted on: 2007-03-29: Entry into force: ... Chapter 1 - Minerals, Prospecting, Mining and Quarrying Chapter 2 - Small Scale Mining Chapter 3 - Possession and Purchase of Minerals ...
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An Act to provide for the exploration of petroleum from the territorial waters and the continental shelf of Nigeria and to vest the ownership of, and all on-shore and off-shore revenue from petroleum resources derivable therefrom in the Federal Government and for all other matters incidental thereto. 27thday of November 1969, 1.
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Liberia Exploration Regulations Liberia Minerals and Mining Law 2000 Liberia Mineral Policy Other relevant legal documents: Environmental Code Revenue Code Land Rights Act
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A Decree to regulate the orderly carrying out of mining in Nigeria and to provide in relation to this for the grant of mining rights, mining in an environmentally sustainable manner, certain matters relating to water, etc. The Decree consists of 146 sections divided into 15 Parts: Ownership of Minerals (I); Functions of Minister with Respect to ...
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pecting license or oil mining lease to the extent that such rent is not so deducted; "oil mining lease" means a lease granted to a company, under the Minerals and Mining Act, for the purpose of winning petroleum or any assignment of such lease; [Cap. MI2.] "oil prospecting licence" means a licence granted to a company, under the Minerals
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The Agency has a dedicated team working assiduously to ensure that mining permits and leases applications are processed within the shortest time possible Availability The mining cadastre is open to the public at the following hours: Monday - Thursday 09:00 - 12:30; 13:30 - 16:00; Friday 09:00 - 12:30; 13:30 - 15:00 Exploration License Quarry Lease
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Jun 25, 2021Nigeria Minerals & Mining Act 2007; 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 ...
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4 THE MINES AND MINERALS (DEVELOPMENT AND REGULATION) ACT, 1957 ACT NO. 67 OF 1957 [28th December, 1957.] An Act to provide for the 1[development and regulation of mines and minerals] under the control of the Union. BE it enacted by Parliament in the Eighth Year of the Republic of India as follows:― CHAPTER I PRELIMINARY 1. Short title, extent and commencement.―(1) This Act may be called ...
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The Nigerian Mineral and Mining Act 2007 was re-enacted to repeal the Minerals and Mining Act No. of 1999 for the purpose of regulating all aspects of the exploration and exploitation of solid minerals in Nigeria. However, despite the gloomy view by the general public, the sector has recorded tremendous growth since the inception of the ...
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Minerals and Mining Act No. 20 of 2007 (the MMA): The Act is the principal legislation that regulates the Nigerian mining sector. The Act vests the control, regulation and ownership of all mineral resources in the Federal Government of Nigeria (FGN). The National Minerals and Metals Policy 1
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The Nigerian Minerals and Mining Act 2007 ("the Act") was passed into law on March 16, 2007 to repeal the Minerals and Mining Act, No. 34 of 1999 for the purposes of regulating the exploration and exploitation of solid materials in Nigeria. This paper reviews the critical aspects of the Act. MINERALS PROSPECTING MINING AND QUARRYING 1.
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Control of property in minerals, water, etc., vestedin the State. Prohibition of exploration or exploitation of minerals without authority. Lands excluded from minerals exploration and exploitation. PART II Administration of the Act Functions of the Minister. Establishment of the Mining Cadastre Office.
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"The Nigerian Minerals and Mining Act of 2007 is very clear on issue of minerals ownership and exploitation - Section 1(1). The entire property in and control of all Mineral Resources in ...
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THE MINES AND MINERALS DEVELOPMENT ACT, 2015 ARRANGEMENT OF SECTIONS PART I PRELIMINARY Section 1. Short title and commencement 2. Interpretation 3. Ownership of minerals 4. General principles for mining and minerals development PART II ADMINISTRATION 5. Director and other officers 6. Mining Licensing Committee 7. Honorary inspectors 8. Mining ...
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NIGERIAN MINERALS AND MINING ACT ARRANGEMENT OF SECTIONS CHAPTER I Minerals, Prospecting, Mining and Quarrying PART I Ownership and Control of Minerals SECTION Control of property in minerals, water, etc., vestedin the State. Prohibition of exploration or exploitation of minerals without authority.
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Between January and August 2021, the finance ministry revealed that Nigeria earned only N2.44 billion as minerals and mining revenue, which is less than one per cent of the N754.16 billion oil ...
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Nigeria Minerals and Mining Act 2007. About the Law This Act was established for the purposes of regulating all aspects of the exploration and exploitation of solid minerals in Nigeria. Some key provisions: Gives ownership of all mineral resources in Nigeria and in the Exclusive Economic Zone to the...
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Globally, gold is a treasured, high-priced mineral. In the international market, an ounce of gold, as of Thursday, was about $1,806. According to the 2016 Mining Growth Roadmap by the Ministry of Mines and Steel Development, Nigeria has an untapped 200 million ounces of gold, scattered across about 13 states, Osun inclusive.
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British Mineral Rights in Nigeria Explorations and geological surveys of the mineral resources formed an integral part of the British colonial economic policy in Nigeria. Prior to the 1914 Mineral Ordinance, legal guidelines under which mining companies could operate in a particular concession was passed in 1906 and 1907.
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Mining & Mineral Development Act needed at ECOWAS The Economic Community of West African States ECOWAS, a regional grouping with 15 Member States in West Africa three landlocked and one island with a population of about 300million with an annual economic growth rate of 6%.
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Exploitation and exploration of solid minerals are governed by the Nigerian Minerals and Mining Act 2008 (the Act), and the Nigerian Minerals and Mining Regulation 2011. The Act vests control of all properties and minerals in Nigeria in the States and prohibits unauthorised exploitation or exploration of minerals.
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This Act was established for the purposes of regulating all aspects of the exploration and exploitation of solid minerals in Nigeria. Some 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
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3 days agoHe said "the mineral production statistics 2021 released by the National Bureau of Statistics showed that Edo State achieved a combined output of 3.7 million tons of mineral products and we believe we can do better. ... the Nigerian Mineral and Mining Act of 2007 and other relevant regulations governing the mining sector with respect to roles ...
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Establishment of Nigerian Institute of Mining and Geosciences, Jos. (1) There is established the Nigerian Institute of Mining and Geosciences, Jos (in this Act referred to as "the Institute"). (2) The Institute—. (a) is a body corporate with perpetual succession and a common seal; and. (b) may sue or be sued in its corporate name.
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Section 2 (e) of the Mining act specifically states that there should be equitable balance between both foreign and indigenous interest in exploration. This provision negates entirely the 100%...
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THE MINERALS & MINING ACT 2007 KEY PRINCIPLES •Security of mineral rights / tenure •Reduction of administrative discretion •All minerals covered under the same licence •Time frames for administrative decisions •Unfettered rights to transfer and mortgage title •No excessive obstacles to private investment:
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Hannah Owusu-Koranteng, the Associate Executive Director of Wacam, has said the Minerals and Mining Act of Ghana Act 2006, Act 703, did not offer protection for forest reserves. According to her ...
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Liberia has rich mineral deposits. Historically, mineral extraction - particularly of iron ore, gold, and diamonds - has been a leading export sector. The major minerals are exported mainly in raw or semi-finished forms. Manganese, bauxite, uranium, zinc, and lead deposits are also present. Diamond deposits, primarily exploited via alluvial ...
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It argues that although EIAs have become a standard legal requirement for all oil, gas and mining projects in Nigeria, not much is achieved in terms of managing the impacts of these projects. The ...
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THE MINERALS AND MINING ACT, 2006 AN ACT to revise and consolidate the law relating to minerals and mining and to provide for connected purposes. DATE OF ASSENT: 22nd March, 2006 ENACTED by the President and Parliament: Ownership of minerals and cadastral system Minerals property of Republic 1.
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Mining in Nigeria. As you see, Nigeria is rich in various minerals. Ancient crystalline rocks contain nonferrous and rare metal ores: tin, niobium, molybdenum, zirconium, tantalum, uranium, gold and silver. In sedimentary rocks, there are deposits of coal, oil, gas, limestone etc. Main wealth of the country - is oil.
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(i) in addition the motor vehicle or vessel as well as the mineral or mineral ore concerned shall be forfeited to the Federal Government; (ii) for the purposes of this subsection, "mineral" and "mineral ore" each has the same meaning assigned thereto in the Minerals and Mining Act. Tampering with electric plant, works, etc.
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The organization was formed by a group of companies with the aim of channelling their potentials and resources so as to tap into the Nigerian Mining and Minerals Processing Company. WGG Ltd is among the largest mining and exploration firm in Nigeria.
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Section 1(1) of the Nigerian Minerals and Mining Act, 2007 gives the federal government ownership and absolute control over all mineral resources in the country, including the mining process. In North West and other regions, including the Niger Delta, state governments refuse to police and regulate mineral resources because they consider them ...
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