NIGERIA MINING REGULATION GENERAL Nigeria is located in West Africa; the country is comprised of 36 states and the Federal Capital Territory where the country’s capital city, Abuja is located It is bordered by Benin, Chad, Cameroon and Niger Nigeria became independent from Great Britain in 1960 and retains English as its functional and .
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 .
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E-Services provided by Ministry of Mines and Steel Development Welcome to the Integrated Automation and Interactive Solid Minerals Portal (IAISMP), the GO-TO portal for real time information on Mining Sector in Nigeria Office:No 2, Luanda Crescent, off Adetokunbo Ademola Crescent, Wuse II, Abuja, FCT, Nigeria
Oil exploration licenc oil prospecting licences and oil mining leases SECOND SCHEDULE Rights of pre-emption 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-
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 compani In a public notice on Thursday by the regulatory body, the revocation was based on a presidential directive to “recover legacy debts” owed by the ,
Sep 04, 2018· As per records, the oil mining licence 17 falls within oil corporation NNPC/Shell joint venture and includes 15 oil and gas fields, out of which six are actively producing oil at the moment
Nigerian Oil and Gas industry, the Department of Petroleum Resources , of an oil prospecting licence or oil mining lease (or of an interest in the same) shall be made to the Minister in writing and accompanied by the prescribed fees at the discretion of the Minister; and the applicant shall furnish in respect of the assignment, or .
Nov 05, 2019· Get updated energy news & oil and gas news We provide accurate data and energy news intelligence to a diverse audience across Africa and around the globe
Currently there are two gold mining companies in Nigeria Segilola Nigeria Limited has a license to mine gold in Osun State, and Geotechniques Nigeria Limited has a license to mine gold in Kebbi State Five other companies are mining for tin, iron ore, coal, lead, and zinc Deposits of ,
- 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
The types of oil right which could be acquired by IOCs for exploration activities under the Mineral Oils Ordinance of 1914 were Oil Exploration Licences, Oil Prospecting Licences and Oil Mining Licenc Between 1960 and 1969 these concessions began to be criticised as ,
Oct 23, 2018· The Federal Government on Monday announced that the country would soon commence the refining of gold as it had issued the first gold refining licence to a firm known as Kian Smith Limited .
The Nigerian Mining Cadastre Office manages all the Nigerian mining licenses and mining rights They are a subsiary of the Ministry of Mines and Steel Development of the Federal Republic of Nigeria Gold Illegal miners in Itagun, Osun State, gathering their gold finds in pan
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 A disclosure sent to the .
8 Challenges in the Nigerian Mining Industry 12 9 Recent updates in the Nigerian Mining sector 12 91he development of a mining roadmap T 12 92evocation of mineral mining licenses R 13 Appendix - Requirements for Application for Mineral Titles 15 CONTENTS NIGERIAN MINING SECTOR BRIEF ,
(Section 48 and 59 of Nigerian Minerals and Mining Act, 2007 and 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
Mining industry of Nigeria The mining of minerals in Nigeria accounts for only 03% of its GDP, due to the , Cadastre Office manages all the Nigerian mining licenses and mining rights
A license will not be granted over any land that is subject of an existing Exploration License, Mining Lease, Small Scale Mining Lease, Quarry Lease or closed to prospecting/mining activity (Eg Forest reserves, military areas, government dev areas, national heritage area etc)
the procedure and cost for obtaining mining license in nigeria May 23, 2018 , THE PROCEDURE AND COST FOR MINING LICENSE IN NIGERIA Mining sector is one of the lucrative sectors of the Nigeria economy
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 titl The Regulations were issued for the purpose of setting out the rules.
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 ,
Jul 18, 2017· Nigeria’s Federal Government on Tuesday announced the award of a licence to Ondo State Government to mine its rich deposit of bitumen, said to be one of the largest in ,
The Mining and Minerals Act (2007) defines the Nigerian Mining Cadastral Office (MCO) as an autonomous body administering mining titles with integrity and in a transparent manner on a "first come, first served" basis
Thirty-one Nigerian exploration licenses were revoked last week in another cleanup exercise to revamp the domestic oil sector Sixteen licenses were lost last July in a similar exercise, although .
Mining licence in nigeria Oct 02 2017 The Processes of Obtaining Mining Exploration Licence in Nigeria – Mining rights acquisitions and investment opportunities in Mining in solid mineral subsector of the mining industry in Nigeria Exploration of mineral deposits is the cumulative of operations involved in geological exploration and the .
mining licences; ownership of mined minerals; access to mining sites and trespass; and taxes and royalti 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
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
As a Nigerian business person or intending foreigner who want to invest in different Nigeria business economy or industry, below are some of the laws that may affect you The Nigerian Business Permits and Licenses What is a Business License?
Thirty oil mining leases (OMLs) located onshore Nigeria are due to expire in June 2019 This includes 17 Shell JV licenc OML holders are entitled to a 20-year renewal but will have to pay a fee under special terms and conditions set by the Minister of Petroleum Resourc