THIS REPORT
NMMA 2007 Nigerian Minerals and Mining Act 2007 NSWG National Stakeholders Working Group PAGMI Presidential Artisanal Gold Mining Development Initiative PAYE ... minerals sector in Nigeria for the 2019 fiscal year. The report was commissioned as part of the implementation of the NEITI Act 2007 and the EITI Standard 2019.
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Promoting climate-Smart Mining In nigeria
1.0 Mining in Nigeria - Growth, Decline and Revival Organized commercial mining1 in Nigeria has spanned over 12 decades. The mineral surveys of the Southern and Northern Protectorates conducted by the Secretary of State for colonies between 1904 and 1909 marked the commencement of mining in Nigeria with the Royal Niger
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Funding, legal reforms, security, key for Nigeria's mining sector
"The sector contributed 0.85 percent in 2022 and 0.63 percent in 2021, representing a 32 percent year on year growth over 2021. ... According to KPMG, the Federal Executive Council on April 5, 2023, approved a draft amendment of the Nigerian Minerals & Mining Act ("the Act"), 2007 – the principal legislation regulating the mining …
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Nigerian Mining Sector Watch
The Nigerian Mining Cadastre Office (NMCO) is set to launch its Electronic Mining Cadastre System (eMC+ or "the System") to facilitate end-to-end real time, online mineral titles administration, from application to submission, to fees payment and issuance of certificates. The NMCO has since its inception, undergone several institutional …
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Local Content Requirements in Nigeria's Extractive Sector and …
Nigerian Minerals and Mining Act: In Nigeria ... extractive industries in Nigeria " (2021) 8 / 1 The Extractive Industries and Society 443. 66 See NOGICDA, secs 2 and 3. 67 Id, secs 4 and 12.
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How Lafarge's mining, corruption cause untold hardship to …
In addition, the Nigerian Minerals and Mining Act, 2007, section 3 (c) identifies lands excluded from mineral exploration and exploitation to include those occupied by any town or village. Google Earth, an open-source app using satellite imagery, aided TheMail's investigation in ascertaining the distance between the blasting site and …
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A Guide To Navigating The Legal Regime Of The Nigerian Mining …
Section 5 of the NMMA- empowered to keep and maintain a register of mineral title; regulate the issuance of all types of mineral titles; and is a statutory body …
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Mining: Edo produced 3.7m tons of solid mineral products in 2021
The Edo State Governor, Mr. Godwin Obaseki, has said the state produced a total of 3.7 million tons of solid mineral products in 2021, urging for increased investment from private actors to rev output. ... the Nigerian Mineral and Mining Act of 2007 and other relevant regulations governing the mining sector with respect to roles of the Federal ...
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Funding, legal reforms, security, key for Nigeria's mining sector
Chinedu Ndigwe. May 25, 2023. Nigeria's mining sector can further maintain sustainable growth through affordable funding, expediting the amendment to mining laws, …
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Mining, from The Report: Nigeria 2023
In 2019 the government made the decision to revise the Nigeria Minerals and Mining Act (NMMA), the law that has governed the sector since it came into force in 2007. However, as a result of the disruption caused by the Covid-19 pandemic, as well as other international and domestic challenges, the passage of the revised law was delayed.
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NIGERIAN MINERALS AND MINING ACT,2007
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 Museums and Monuments Act, Cap.
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Nigeria's planned amendments to Minerals and Mining Act
Kwadwo Sarkodie comments on Nigeria's new mining law in African Business. ... Nigeria's planned amendments to Minerals and Mining Act; Related …
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Deletion Of "Non-Oil Exports" From Zero Rated Goods Under The Nigerian
The value of total trade in solid minerals goods in Q3, 2022 stood at ₦60.03billion representing 0.52% of total trade in that quarter, of which solid minerals exports stood at ₦22.5billion, showing an increase of 7.07% and 22.69% when compared to the value recorded in Q2, 2022 (₦20.99 billion) and the corresponding quarter of 2021 …
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FG targets 5% growth as contribution to GDP for solid minerals sector
It is in line with the constitutional provisions that the Nigerian Minerals and Mining Act, 2007 was enacted to provide the legal framework for the administration of the sector.
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Act Mining and
Act Section Mining and Minerals Act THE MINING AND MINEI{ALS ACT,2022 ARRANGEMENT OF SECTIONS 2022 10 PARL $' (Panr I-PmuvrNan' I . Commencement 2. Application 3. Purpose ofAct 4. Environmentalprinciples 5. Responsibility ofmineral rights holder 6. Compliance with other written Iaws 7. Security lor compliance 8. Interpretation …
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THE LEGAL AND REGULATORY FRAMEWORK FOR …
15 SS.30(1) and 85(1) Minerals and Mining Act, 1999: a right of preemption in the minerals discovered, won, obtained or processed is reserved to the Federal Government. Under S.30 (2) of the Act, minerals discovered during prospecting operations may only be removed with the consent of the Minister.
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Nigerian Mining Sector Watch
given to Nigerian indigenous companies and firms in the award of licences and leases. b. 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
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Mining 2021
Cassels Brock & Blackwell LLP Lexology Getting The Deal Through is delighted to publish the seventeenth edition of Mining, which is available in print and online at …
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Highlights of 2021 Solid Minerals Industry Report
The total revenue from the sector over the last fifteen years (2007 – 2021) was 814.59bn. This amount is significantly low compared to the economic potential of the sector. The FGN through the MMSD should establish a Special Purpose Vehicle (SPV) dedicated to de-risking the solid minerals sector value chain. Furthermore, the MMSD and MCO ...
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Nigeruian Minerals and Mining Act, 2007 | PDF
Grant or 46.-. ( I) Subject to the provisions of this Act, the. right to search for or Mincral exploit Mineral Resources is obtained through one ofthe following minerai titles titles. in the form of- Nigerian Minerals and Mining Act 2007 No. 20 A …
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Nigeria: An Appraisal Of Business Potentials And Legal …
Other Solid Minerals that can be found in Nigeria include; Rock salt, Gemstones, Kaolin, Tantalite, and Gypsum. Legal Framework. Exploitation and exploration of Solid Minerals are governed by the Nigerian Minerals and Mining Act 2007 ("the Act"), and the Nigerian Minerals and Mining Regulation 2011. The Act vests control of all …
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In brief: mining rights and title in Nigeria
Nigeria May 27 2021 ... and the Nigerian Minerals and Mining Act 2007 (Chapter N162 Laws of the Federal Republic of Nigeria (LFN) 2004 (the Mining Act), the federal government has title to all ...
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All you need to know about Nigeria's new mining law
One of the key changes is that the law will give local governments the impetus to crack down on illegal mining by devolving responsibility from the federal to the state level of government. "The 2007 act is very federal government-centric, so essentially the powers and ownership of mineral rights under the …
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A Guide to Navigating Legal Regime in the Mining Sector
The Nigerian Minerals and Mining Act 2007 (the 'NMMA' or the 'Act') Enacted by the National Assembly pursuant to its constitutional mandate, the NMMA is the principal law governing the mining sector. ... See section 1 of the NMMA and African Natural Resources & Mines Ltd v SS Minerals Resources Ltd & 3 ORs (2021) LPELR-55151(CA) …
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Mining Comparative Guide
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.
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NIGERIA EXTRACTIVE INDUSTRIES TRANSPARENCY …
According to Nigerian Minerals and Mining Act, all operators in the mining industry shall be granted an exemption from payment of customs and import duties in respect of plant,machinery,equipment and accessories specifically and exclusively imported for mining operations. As a result, the impact
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NIGERIAN MINERALS AND MINING ACT – Laws
NIGERIAN MINERALS AND MINING ACT. 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. [29 th March, 2007] [Commencement.]
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How Nigeria aims to boost mining's share of GDP
The aim is to increase mining's contribution to GDP to 10% by 2026. Proposed Agency. After rebuilding market confidence in the minerals and mining sector as a first step, the …
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As MCO Raises the Bar in Revenue Generation
Kasim Sumaina X-rays the Mining Cadastre Office year 2021 activities and projects what to expect in the year 2022. In spite of the negative socio-economic impact of COVID-19 in Nigeria and across ...
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Nigeria: Tax Incentives for Investment in Mining and Metals Industry
Tax Incentives. While the tax incentives for mining companies are mainly contained in the NMMA, the enabling statute governing the taxation of mining companies in Nigeria is the Companies Income Tax Act (CITA). The Finance Act 2019 which was passed early 2020 also provides certain amendments to some of the provisions of the CITA …
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