With the devastation of artisanal mining and the recalcitrance of the promoters to address the impact, Renevlyn Development Initiative (RDI) and its partners have petitioned the Nasarawa State ...
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Government through the Ministry of Mines and Mining Development last week Friday officially issued a mining licence to Highlanders Football Club. This means Bosso who have been granted the license ...
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To ensure compliance with standards, the Federal Government requires companies or individuals looking to dive into the mining sector to have acquired the Mining license. In this post, we will take a look at how much it costs to acquire a mining license in Nigeria.
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The Chinese are largely behind the smuggling of gold out of Nigeria, a lucrative venture which has resulted in the loss of billions of dollars in revenue for the Federal Government.
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Reducing Mercury Use and Release in Andean Artisanal and Small Scale Gold Mining (apply for S OES 10 RFA 0011) Funding Number: S OES 10 RFA 0011 ... and help on government grants and federal funding. From year 2000 to date, USGrants has become one of the largest and legitimate go-to resources for information on government grants.
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Section 82 of Act 703, as amended, provides the legislative framework for the License of small-scale mining in Ghana. Without contrary opinion, it states that a person shall not engage in or undertake a small-scale mining operation for a mineral unless the Minister grants a …
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The mining industry in Nigeria is a significant contributor to the country's GDP, with various players operating in this space. To engage in any mineral resource activities, companies or individuals must obtain the proper licenses and …
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sector in Nigeria. Illegal mining began to gain prominence after independence in 1960. Mining rights belong to the federal government but it grants licenses for exploration, mining and sale of minerals. In the absence of effective policy, illegal mining has continued unabated and no royalties are paid to the federal government. This paper presents
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However, every entity, either domestic or foreign, that chooses to invest in the Nigeria mining sector must do so by obtaining a requisite mining lease in Nigeria, or mining license in Nigeria or export permit. Mining sector, just like oil & gas sector, has various categories of leases and licenses applicable to it. The type of mining license ...
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The mining industry in Senegal is primarily focused on the production of Phosphates and industrial Limestone, with Senegal ranking as one of the major global producers of Phosphates. In 2006, phosphates accounted for around 6% of Senegal's exports besides its high-quality deposits. Furthermore, Titanium-bearing minerals with reserves estimated at 10 million tons have also …
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Additionally, in 2024, the mining sector witnessed significant investments, including foreign direct investments and also policy reforms, signaling a renewal of the Federal Government of Nigeria ("FGN")'s commitment to revamp existing strategic national assets and ensure local value addition in the sector The year 2024, in a nutshell, was a ...
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The US Department of Defense invested about $15.8 million under the Defense Production Act. It also got up to C$12.9 million from Canada's Critical Minerals Infrastructure Fund.
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Nigeria's government has licensed two gold refineries to produce the metal for export and for the central bank to hold in its reserves, the mines minister has revealed. Minister of Mines and Steel Development Olamilekan …
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LAGOS, March 28 (Reuters) - Nigeria will only grant new mining licenses to companies that present a plan on how minerals would be processed locally, under new guidelines being …
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Illegal mining began to gain out of the country to buyers who are willing prominence after independence in 1960. Mining without any interception by Nigeria Customs rights belong to the federal government but it Service securities. grants licenses for exploration, mining and sale of These Illegal and unsafe mining activities minerals.
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Despite the Liberia Geological Survey vetting reports warnings for the overlapping and not to issue the said Licenses, notwithstanding, the former Ministers, whose names is being withheld due to sources confidentiality, issued the two Prospecting licenses to Urban & Rural Services Inc. violated the Mineral and Mining Act of 2000 Section 5.2 ...
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Nigeria will only grant new mining licences to companies that present a plan on how minerals would be processed locally, under new guidelines being developed, a government spokesperson...
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The NEITI's report showed mining activities in Nigeria in 2020 were carried out by 102 companies. Information about beneficial ownership was provided for 65 of these …
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The management of TIMADIX GEOMIN CONSULT LTD, a fully indigenous mining company in Nigeria, has strongly condemned the actions of the Nasarawa State Government, particularly the Commissioner of ...
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4. Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) Grants. SMEDAN is a federal government-backed initiative for small businesses and entrepreneurs. Their initiatives provide training, capacity building, certification, and access to finances such as business grants.
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The fourth company awarded a license is Oromia Mining S.C., established by Ethiopian investors, focusing on alluvial gold production. It has secured an initial investment capital of 222 million birr. Earlier this week, the Ministry unveiled a significant discovery of over 517 tons of gold reserves in Ethiopia.
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The licence was granted according to Libya's Law No. 2 of 1971 regarding mines and quarries, which stipulates in Article 8 that ''the granting of a license to prospect and an investment contract is in return for a royalty or rent or both'' and that the values of royalties and rents belong to the National Mining Corporation.
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Of all the licences issued in the five-year period, exploration licence recorded the highest issuance, accounting for 43.51 per cent (2,763) while mining lease accounted for 1.98 per cent (126) to ...
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Nigeria is set to grant new mining licences exclusively to companies that provide a plan for local mineral processing, Reuters reported. This marks a significant shift from the country's long-standing policy of exporting …
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In the heart of Nigeria lies a wealth of mineral resources waiting to be tapped, making the mining sector a lucrative yet regulated industry. This article delves into the intricacies of obtaining a mining licence in Nigeria in 2023, shedding light on the prerequisites, costs involved, and the essential steps to navigate the process successfully.
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Mineral Sector Investment Requires One of These License Types. Class C license is valid for 1 year and only artisanal; Class B license is valid for 5 years; Class A license is valid for 25 years or more – you need a Mineral Development Agreement (MDA) before getting a Class A mining license, while, an exploration license is needed before ...
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The exploration license it holds grants the company the right to extract only samples of gold-bearing ore in Atorin-Ijesha. But converting this license into an actual mining license would be ...
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The reality is that out of approximately 44 (forty-four) identified solid minerals in Nigeria, only 7 have been strategically selected and promoted for private sector participation and investment by the Federal Government and these include gold, coal, bitumen, limestone, iron ore, lead/zinc and barites but the occurrences of these minerals are ...
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However, the Mining Act grants the Minister of Mines and Steel Development (Minister) with the power to designate certain areas where a mining lease or exploration licence may be granted further ...
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In a major development, the federal government has awarded UTM FLNG Limited a "License to Construct" Nigeria's first Floating Liquefied Natural Gas (FLNG) facility, marking a significant advancement in the country's energy sector.
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