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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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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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Gold Mining in Nigeria Abundant gold deposits exist in Northern Nigeria in Anka Maru Malele Tsohon Osun Birnin Gwari-Kwaga Bin Yauri Gurmana and Iperindo Production started in 1913 and peaked in the 1930s before declining during the war Mines were abandoned and like the coal industry the gold mining industry also didn't recover