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 Federal Government for and on …
In a bid to regulate all aspects of exploration and exploitation of solid minerals in the country, the Nigerian government in 2007 re-enacted the Nigerian Mineral and 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 …
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 Nigerian Minerals and Mining Act was enacted in 2007 with a first strategy roadmap outlining the long-term goals for the sector being formulated in 2012 (Federal Ministry of Mines and Steel Development, 2019).
A Bill for an Act to Repeal the Nigerian Minerals and Mining Act, Cap. N162, Laws of the Federation of Nigeria, 2004 and Establish the Nigerian Minerals and Mining Commission (HB.
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. Lands excluded from minerals …
Nigeria's mining sector can further maintain sustainable growth through affordable funding, expediting the amendment to mining laws, regulations and policies, …
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 purpose of regulating all aspects of the exploration and exploitation of solid Minerals in Nigeria; and for related purposes.
Under the constitution and the Nigerian Minerals and Mining Act 2007 (Chapter N162 Laws of the Federal Republic of Nigeria (LEN) 2004 (the Mining Act), the federal …
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 Federal Government of Nigeria (FGN).
The Federal Ministry of Mines and Steel Development (the 'Ministry') recently issued new mining regulations titled the Nigerian Minerals and Mining Regulations 2011 (the 'Regulations') which is intended to establish a more coordinated and accountable solid minerals sector in the country and to stamp out the discretionary grant of mineral titles.
Nigeria 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 …
The Bill introduces a Nigerian Solid Minerals and Metallurgical Content Development (Special) Fund (the Fund) that would be exclusively administered by the Directorate and utilized for the execution of projects that will enable artisans acquire equipment and technologies for the exploration and exploitation of mineral resources, undertake ...
Kampala, Uganda | THE INDEPENDENT | Parliament has passed the Mining and Minerals Bill, 2021 which will see the establishment of the Uganda National Mining Company which will manage the government's commercial holding and participating interests in mineral agreements.
Nigeria's planned amendments to Minerals and Mining Act Nigeria's planned amendments to Minerals and Mining Act
16. Power to modify mining leases granted before 25th October, 1949.―2[(1) (a) All mining leases granted before the commencement of the Mines and Minerals (Regulation and Development) Amendment Act, 1972 (56 of 1972) 3[if in force at the date of commencement of the Mines and Minerals (Regulation and Development) Amendment …
The NMCO, which became an autonomous agency of government, as provided by section 5 (1) of the Nigerian Minerals and Mining Act, (2007), is responsible for the management and administration of mineral titles, considered to be the cornerstone of a secure mineral rights system that would guarantee revenue generation and …
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, provides incentives for mining operations …
Changes in Nigeria's Mining Law. Tina Wu - January 09, 2022. Mining Operation in Nigeria. With plans to revise the Nigeria Minerals and Mining Act (NMMA), the Nigerian government has taken the first step towards restoring its mining sector to its former glory and beyond.
STAY INFORMED ON ALL UPDATES The Nigeria Mining Cadastre Office
"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.
The Mines and Minerals (Development and Regulation) Amendment Act 2021 was introduced in the Lok Sabha on 15th March 2021 and subsequently passed by the Rajya Sabha on 22nd March 2021. This Amendment modifies significant sections of The Mines and Minerals (Development and Regulation) Act, 1957 that regulates the mining …
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.
The Nigerian government, realizing the country's over reliance on oil revenue, has recognized the need to diversify the economy by focusing on other sectors such as mining. Adewole Orobiyi of Ernst & Young looks at the tax and regulatory incentives available for companies in the Nigeria mining and metals industry.
Act Mining and Minerals Act 222 Clause 202. Management of mining and mineral resources information 203. Confidentiality of data 204. Minister's power to require information 205. Annual report 206. Publication Part xIV—regIstratIon, InformatIon and records 207. Register 208. Mining Cadastre and Registry System 209. Cadastral maps …
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The new Mining and Minerals Act 2022. On Thursday 13th October 2022, His Excellency, the President of Uganda signed the new law of the Mining and Minerals bill into a law. DGSM now operates under the new Mining …
The Attorney General is expected to send the bill, which is the Nigerian Minerals and Mining Act 2023, to the National Assembly.
In a bid to regulate all aspects of exploration and exploitation of solid minerals in the country, the Nigerian government in 2007 re-enacted the Nigerian Mineral and Mining …
With greater government support and a growing role as a generator of export earnings, Nigeria's mining sector is poised to maximise its considerable potential in precious metals and gems. Total revenue from the sector is expected to rise by 25% to N3.6bn ($8.5m) in 2023, reflecting its resilience, as well as continued federal and state support. The …
The Federal Executive Council on Wednesday approved Nigeria's Mineral Value Chain Regulations, 2021. The main objective is to protect the mining sector and boost the country's revenue drive through the development of raw materials into refined products before export. Highlights of the document include regulating the handling of …
