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Mar 17, 2010· 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. Nigeria Energy and Natural Resources Odujinrin Adefulu 17 Mar 2010
President Muhammadu Buhari has revoked four oil mining and one prospecting licences. The Department of Petroleum Resources (DPR), which communicated .
Extension of infrastructure such as roads and electricity to mining sites, and provision of foreign ownership of mining concerns. HOW TO OBTAIN A MINING LEASE IN NIGERIA There are two options available to a company or an individual to enter into mining industry in Nigeria.
(Section 52 of the Nigeria Minerals and Mining Act, 2007 and the Nigerian Minerals and Mining Regulations, 2011. The area of land in respect of which any water use permit (WUP) is granted shall not exceed the area reasonably required for the purpose of the permit as defined in the regulation.
8. Challenges in the Nigerian Mining Industry 12 9. Recent updates in the Nigerian Mining sector 12 development of a mining roadmap T 12 of mineral mining licenses R 13 Appendix Requirements for Application for Mineral Titles 15 CONTENTS NIGERIAN MINING SECTOR BRIEF 2014
Jun 25, 2018· Before Your Mining License In Nigeria: What? / How To Get Ready For Your Mining License In Nigeria – Before Your Mining License In Nigeria you need to understand what it cost to obtain a mining licence in Nigeria, requirements for obtaining a mining licence in Nigeria, Simplified Procedure for Obtaining Small Scale Mining Lease, An Overview Of The Nigerian Minerals And Mining .
There are two types of Licenses issued to oil producers in Nigeria namely: the Oil Prospecting License (OPL) and the Oil Mining License (OML) with validity periods ranging from 5 to 20 years respectively. All the Petroleum (Crude Oil) in Nigeria is vested in the Federal Government, whose sole ...
President Muhammadu Buhari has given consent for the renewal of three Oil Mining Licences (OML) belonging to oil and gas firm, Seplat Petroleum Development Company Plc. .
Nigeria is endowed with several types s of mineral resources. Every investor or company willing to engage in the Nigerian mining sector requires a government approval or license to proceed. Mining license in Nigeria is usually relevant for companies seeking to engage in the mining sector, with or without a mining lease.
Oct 02, 2017· The relevant sections of the Act are Section 48 and 59 of Nigerian Minerals and Mining Act, 2007; The Nigeria Minerals and Mining Regulations, 2011. The Nigeria Mining Cadastre Office, on receipt of a valid application, is obliged by law to grant and issue an Exploration Licence within 30days.
extraction in Nigeria: (1) smallscale surface mining (2) largescale surface mining and (3) insitu extraction (see Figure 2). The depth of bitumen below the surface determines which extraction type is possible. Both insitu and largescale surface mining operations are most Nigeria''s bitumen, also known as oil sands, has not yet
Mining regulation is handled by the Ministry of Solid Minerals Development, which oversees the management of all mineral resources. Mining law is codified in the Federal Minerals and Mining Act of 1999. Historically, Nigeria''s mining industry was monopolized by stateowned public corporations.
Oil exploration licences. oil prospecting licences and oil mining leases SECOND SCHEDULE Rights of preemption THIRD SCHEDULE Repeals FOURTH SCHEDULE Transitional and savings provisions 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
Jan 07, 2019· A structured guide to oil and gas exploration and production laws in Nigeria. ... prospecting and mining licences to companies incorporated in Nigeria. ... the Nigerian .
OPL vs OML: Oil Production Licenses in Nigeria ... (OPL) and the Oil Mining License (OML) with validity periods ranging from 5 to 20 years respectively. All the Petroleum (Crude Oil) in Nigeria is vested in the Federal Government, whose sole responsibility it is to control the resources and only permit their exploitation under license, in ...
How To Obtain Gold Mining License (Lease) in Nigeria To obtain a license for mining gold, there are currently two routes available for prospective raw gold mining investors into the mining sector. ==> Purchase of a preexisting gold mining property from the original owner. After acquiring the property, you can apply for a business license from ...
Jun 06, 2019· Buhari Revokes MKO Abiola Oil Mining License, OML To Recover Legacy Debt The Department of Petroleum Resources (DPR) has revoked five Oil Mining Licenses (OML) and one Oil Prospecting Licence (OPL) belonging to five companies. In a public notice on Thursday by the regulatory body, the revocation was based on a presidential directive to .
mining licences; ownership of mined minerals; access to mining sites and trespass; and taxes and royalties. Given the myriad of legal and regulatory issues of concern to an investor seeking to embark on a mining project, it is important to provide an insight into the legal and regulatory framework of the Nigerian mining sector so as to see how
The Nigerian Business Permits and Licenses . What is a Business License? Business license is a permit issued by government agencies which allow individuals or companies to conduct business within the government''s geographical jurisdiction.
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. The Regulations were issued for the purpose of setting out the rules,
Minerals and Mining Decree. No 34 of 1999. Laws of the Federation of Nigeria ... Minerals raised by holder of an exclusive prospecting licence to be property of Nigeria, etc. 31. ... Power to revoke exclusive prospecting licence, mining lease, water licence, or temporary title:
The final documentation has been received from the Federal Republic of Nigeria, Ministry of Mines and Steel Development granting a mining lease to KCM Mining Ltd (KCM), Kogi'' Irons owned Nigerian subsidiary. This additional mining licence covers 20 .
Exploration Licence: This is an exclusive right awarded to companies incorporated in Nigeria, a Mining Cooperative, or the holder of a Reconnaissance Permit over the subject area of the application, for a period of 3 years renewable twice for a further period of 2 years each (subject to meeting certain conditions) to conduct exploration of ...
The Oil Exploration License, OEL, is the nonexclusive right of a licensee to explore oil and gas within the area of the grant. This License confers exclusive rights of surface and subsurface exploration for the production of petroleum in an area not .
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