ACT 2007 MINING IN NIGERIA –THE NIGERIAN MINERALS

development of the mining industry in the country Some of the salient provisions contained in the Act are as follows Ownership and Control of Minerals The Act vests entire property in and control of all Mine ral Resources in under or upon any land in Nigeria its

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Oct 04 2019Despite being discovered before crude only small-scale mining of these minerals is currently carried out in Nigeria CONCLUSION ON COMPONENTS OF NIGERIAN MINING INDUSTRY Nigeria is sitting on a hotbed of solid minerals which if we'll exploit can transform the country into one of the major economies in the world

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An investor may enter into the mining industry in Nigeria through the acquisition of an existing mining property from the original owner however an approval must be obtained from the Ministry of Solid Minerals Development for such acquisition or by obtaining an application either for a Prospecting Right (PR) an Exclusive Prospecting Licence

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