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 …
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 …
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As Africa's top oil producer, Nigeria has long endeavored to diversify its economy to include its mining sector, which boasts promising deposits of gold, zinc, lithium, and iron ore. The implementation of a new mining law in 2007 was an important step in this diversification drive, introducing a modern framework that requires no free-carry ...
The prevailing theory is that due to the cash-based nature of transactions especially in gold mining, rural bandits have been drawn to the region by illicit and artisanal mining, raiding mining sites for gold and cash, which led to the death of over 150 people in the north western part of Zamfara State between mid-2016 and mid-2019. 2
NIGERIAN MINERALS AND MINING ACT No. 20 of 2007 MINERALS AND MINING REGULATIONS, 2011 [13th Day of May 20111 In exercise of the powers conferred upon me by …
Governor Dapo Abiodun of Ogun State claims that unchecked mining operations are seriously harming the state's ecology. The environmental effects of uncontrolled mining have severely damaged areas like Ewekoro, Ijebu-Ode, and Sagamu, resulting in extensive deforestation, water contamination, and the loss of agricultural land. Local ecosystems have …
The Nigerian government policy thrust on the mining sector is anchored on the need to develop a private sector led mining industry with Government restricting its role to that of an administrator …
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.
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.
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 ...
Abdulwahab Salisu and other children in Zamfara, Nigeria, engage in illegal gold mining amidst dangerous conditions to support their families. Despite the physical risks, these efforts are driven by poverty, exacerbated by terrorism, and lack of effective enforcement of state child protection laws.
Section 44 (3) of the Nigerian Minerals and Mining law of 1999 provides that ownership and control of all minerals in Nigeria is vested in the federal government, which is mandated to manage such ...
The main legislation controlling Nigeria's mining industry is the Minerals and Mining Act (2007). In Nigeria, the law governs every facet of the exploration and extraction of solid …
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 process. My objective in this paper is not to conduct a section-by-section review of the principal legislation on mining, the Minerals and Mining Act of 1999.
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
The Explore the importance of community engagement in Nigeria's mining sector. Understand how effective collaboration with local communities fosters trust, ensures sustainable practices, and improves socio-economic conditions. Learn about challenges faced by mining companies, best practices for engagement, and successful case studies that ...
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, …
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.
Our correspondent learnt that Nigerian miners' lack of capacity and failure to enforce mining laws by the government also contributed to the domination of the Nigerian mining sector by Chinese.
The Act vests the control, regulation and ownership of all mineral resources in the Federal Government of Nigeria (FGN). The Minerals and Mining Regulations and the National Minerals and Metals Policy also govern the sector. The erstwhile Ministry of Mines & Steel Development (MMSD) oversaw the mining sector in Nigeria, pre-2024.
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 ...
Vast Gold Reserves: Nigeria boasts mind-blowing gold deposits across various regions, providing a solid foundation for mining operations. Government Support: The Nigerian government has taken proactive steps to support and promote the mining sector, including streamlining regulations and providing incentives to attract foreign investment.
expedite the Nigerian mining sector's journey towards shared prosperity. The Mining Roadmap: The mining roadmap was developed in 2016 to drive the growth and development of the Nigerian mining industry, and create a globally competitive sector capable of contributing to revenue and GDP, providing jobs
committed to fulfilling its mandate of regulating Nigeria's mining industry and ensuring compliance with the law. "Nigeria's mining sector has vast potential, with an estimated value of $750 billion in solid minerals, including significant deposits of coal, gold, lead-zinc, limestone, and lithium," Prof. Opafunso stated.
mine, terrain of the mine site, foreign exchange rate, labour, fuel supply and equipment. As an example, the costs for the development of the Kalana open pit gold mine located in Mali with an output of 1.46m ounces of gold over a mine life of 14 years is estimated to be USD$187m in comparison to the much larger and
Current state of mining in Nigeria. The mining industry in Nigeria has historically been dominated by the oil and gas sector, leaving other mineral resources largely untapped. Nevertheless, Nigeria is rich in mineral resources …
scale mining sector, and the majority of gold mining in the country is carried out by artisanal and small-scale miners. Artisanal mining activities in Nigeria are almost by definition informal – that is, operating outside current laws and regulations. While the …
Energizing the Nigerian Mining Sector and Placing Nigeria on the Global Mining Map Legal and Regulatory Framework Types of Mineral Titles and Licences 2.1 Coal 9 2.2 Bitumen 10 2.3 Limestone 10 2.4 Iron-Ore 10 2.5 Barites 11 2.6 Lead-Zinc 11 2.7 Gold 11 2.8 Other Emerging Strategic Minerals 12 5.1 Taxes, Royalties and Fees 20 5.2 Fiscal ...
(Washington) The Environmental Law Institute (ELI) has released a comprehensive assessment of Nigeria's artisanal and small-scale gold mining (ASGM) sector, designed to improve long-term health and environmental outcomes.