Nigeria
In the first quarter of 2022, Nigeria recorded an average daily oil production of 1.49 million barrels per day (mbpd), accounting for 6.63% of total GDP. Nigeria is among the world's top five exporters of liquefied natural gas (LNG). The country's exports of natural gas rose by 14% in 2021, accounting for 9.24% of total exports.
THE LEGAL AND REGULATORY FRAMEWORK FOR …
15 SS.30(1) and 85(1) Minerals and Mining Act, 1999: a right of preemption in the minerals discovered, won, obtained or processed is reserved to the Federal Government. Under S.30 (2) of the Act, minerals discovered during prospecting operations may only be removed with the consent of the Minister.
Minerals Mines Regulations 2011
These 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 …
Mineral Exploration & Evaluation
Exploration for all mineral resources except hydrocarbon (oil and gas) Evaluation of Mineral resources; Mineral Promotion activities; Generation of credible data on exportable mineral resources such as gold, silver, lead and zinc, copper and other commodities to attract foreign direct investment to Nigeria.
THE LEGAL AND REGULATORY FRAMEWORKK FOR …
Major considerations for any investor under this head are licensing and permit requirements; conversion of exploration rights to mining rights; duration of mining …
Nigeria: What to Know About Mineral Exploration Licencing in Nigeria
The right to explore or exploit minerals in Nigeria is evidenced by the grant of a mineral title. In a bid to regulate all aspects of exploration and exploitation of solid minerals in the country ...
Attracting mining investments: the relationship …
The sample is composed by a series of cross-country datasets for the period 1996 to 2014. It includes the following variables for each year: the percentage of …
Nigeria Geological Survey Agency – NGSA
Nigeria has a range of world class minerals resources, such as gold, limestone etc. In addition, it has a variety of other occurrences (more than 45) of medium significance albeit important for small scale mining and industrial development. The world class minerals in Nigeria warrants a closer look especially by foreign mining companies.
Nigeria's mineral resources in the context of …
Government policies must be focused on attracting exploration investment as well as effective regulation and monitoring of the minerals and mining subsector and providing better security and needed …
(PDF) Mineral Deposits and Exploration Potential of Nigeria …
Abstract. Nigeria, the most populous nation and largest economy in Africa is endowed with abundant mineral resources, including energy fuels, industrial minerals, gemstones, and metallic minerals ...
(PDF) NIGERIA SOLID MINERAL RESOURCE …
Starting from 1late 90s, there was national discourse on the sector's problems and how to attract private investment leading to the passage of the Nigerian Mineral and Mining Act in 2007, followed ...
Mining Resource Corridor development in Nigeria: …
Nigeria is endowed with various mineral resources, like gold, iron ore, coal, bitumen, baryte, lead–zinc, limestone, copper, lithium, and many other minerals and metals …
UNDERSTANDING THE LEGAL AND REGULATORY …
1. UNDERSTANDING THE LEGAL AND REGULATORY CONSIDERATIONS FOR MINING SOLID MINERALS IN NIGERIA. By. Adetayo Adetuyi andNnanke Williams‡. 1. INTRODUCTION. Nigeria is regarded as a country endowed with abundant natural …
A guide to compliance
A guide for exploration, mining and prospecting licence holders and work authority holders. Information for applicants and holders of tenements issued under the Mineral Resources (Sustainable Development) Act 1990. It describes the compliance obligations of a tenement holder. Other relevant publications are: Mineral Resources (Sustainable ...
Nigeria to set up solid minerals corporation to attract investment
Nigeria plans to set up the Nigerian Solid Minerals Corporation, a state-backed company to help attract investments into the extraction of gold, coal, iron-ore, bitumen, lead, limestone and baryte ...
Nigeria Minerals and Mining Act 2007 | LawPàdí
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 Federal Government for and on behalf of the people of Nigeria.
THE LEGAL AND REGULATORY FRAMEWORK FOR …
15 SS.30(1) and 85(1) Minerals and Mining Act, 1999: a right of preemption in the minerals discovered, won, obtained or processed is reserved to the Federal …
MINING LAWS AND TAXATION IN NIGERIA
Nigeria'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 ...
Mining 2021
The principal law is the Nigerian Minerals and Mining Act 2007 (Chapter N162 Laws of the Federal Republic of Nigeria (LFN) 2004 (the Mining Act) and the Minerals and Mining Regulations 2011 issued pursuant to the Mining Act. The principal regulatory bodies are the Ministry of Mines and Steel Development (MMSD) – comprising the Mines Inspectorate
NIGERIAN MINERALS AND MINING ACT,2007
A 486 2007 No. 20 Nigerian Minerals and Mining Act Functions of the Minister. metres of a railway, or which isthe site of, or within fifty metres of, any government or public building, reservoir, dam or public road; (d) that is subject to the provisions of the National Commission for Museums and Monuments Act, Cap.
THE NEW MINERALS AND MINING REGULATIONS, 2011 …
mineral resources located in the area being applied for and list the type to be mined. The application must also be accompanied by prefeasibility study which shall include: ü A …
LEGAL FRAMEWORK FOR MINING IN NIGERIA- A …
The major requirements for obtainment or grant of mining lease are as follows: Exploration License. Certified true copy of …
(PDF) The environmental implications of the exploration …
It is hoped that the conclusion of this study will enable Nigeria to put in place and enforce certain minimum environmental standards for solid mineral exploration and exploitation.
Mineral Exploration & Mining
The Province is committed to ensuring that B.C. remains a leader in mining regulation and oversight. Natural resource ministries take a collaborative approach to ensure compliance across the Province. Mining companies are required to be aware of and maintain compliance with their regulatory requirements throughout the life of the mine.
10 Problems Facing Exploitation of Minerals in …
Some of the Problems Facing the Exploitation of Minerals in Nigeria are: 1. Inadequate capital. In Nigeria, the necessary funds for the mining of mineral resources are always minimal, and not enough at …
Breakthrough technologies for mineral exploration | Mineral …
Mining-specific risks and the role of exploration. Aside from the inherent risk of the mining industry—that the mineral resources, the source of the mining industry's wealth, are finite, non-renewable, and may eventually be depleted—the main risks peculiar to the mining industry compared to other business sectors are as follows:
Investment Opportunities – Nigeria Geological Survey Agency
Nigeria has a range of world class minerals resources, such as gold, limestone etc. In addition, it has a variety of other occurrences (more than 45) of medium significance albeit important for small scale mining and industrial development. The world class minerals in Nigeria warrants a closer look especially by foreign mining companies.
'Nigeria should deepen exploration, policies to harness mineral resources'
Despite a favourable geology with mineral resources spread across the country, stakeholders in the mining sector have advocated a favourable fiscal environment that will aid exploration and ...
THE PROCEDURE AND COST FOR OBTAINING MINING LICENSE IN NIGERIA
The Mineral Buying Centre License is required for companies or industries willing to process mineral resources in Nigeria. It is also relevant for any companies that choose to warehouse mineral resources, either temporarily or permanently. The purpose of the license is to regulate and authorize any warehouse where mineral resources will …
Mining in Nigeria: Challenges, opportunities, and prospects
Opportunities for growth. Diversification of the economy: Mining in Nigeria presents an opportunity for Nigeria to diversify its economy away from over-dependence on oil and gas revenues. Developing this sector can create jobs and reduce vulnerability to fluctuations in oil prices. Resource endowment: Nigeria's vast mineral resources …