LEGAL amp REGULATORY FRAMEWORK Relevant Policy Statutes Minerals and Mining Act No 20 of 2007 the MMA The Act is the principal legislation that regulates the Nigerian mining sector The Act vests the control regulation and ownership of all mineral resources in the Federal Government of Nigeria FGN
Legal Adviser Ministry of Mines amp Steel Development Abuja Nigeria At a Two 2 day Workshop on Investment Opportunities in the Nigerian Mining Sector January 30th 2012 at Shehu Musa Yar 39 dua Conference Centre Abuja 1 Before I go into the main topic I will like to look at the constitution of the Federal Republic of nbsp
NIGERIAN MINERALS AND MINING ACT 2007 Arrangement of Sections CHAPTER 1 MINERALS PROSPECTING MINING AND QUARRYING 1 23 24 25 25 27 28 29 30 31 32 33 35 35 37 35 39 PART 1 – OWNERSHIP AND CONTROL OF MINERALS Control of property in minerals water etc wested in the nbsp
Section Page 1 Overview of the Nigerian Mining Sector 2 1 1 Coal 1 2 Bitumen 3 1 3 Limestone 1 4 Iron Ore 1 5 Barites 1 6 Lead Zinc 4 1 7 Gold 2 Legal and Regulatory Framework 4 2 1 Mines Inspectorate Department 2 2 Mines Environmental and Compliance Department 2 3 Mining Cadastre Office 5
17 Mar 2010 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 Nigeria Energy and Natural Resources Odujinrin amp Adefulu 17 Mar nbsp
14 Approved in 2009 by the Federal Government of Nigeria for the Solid Minerals Sector 15 No 20 which came into force on 29th March 2007 6 completed its cartographic coverage to facilitate a more accurate determination and charting of mineral titles 16 The major law governing mining in the country is the Minerals and nbsp
1 LAWS GOVERNING SOLID MINERALS MINING IN NIGERIA Strachan Partners1 Nigeria is endowed with a variety of solid minerals In 2015 the Nigerian Extractives Industries and Transparency Initiative NEITI report stated that there are about 40 kinds of solid minerals of various categories waiting to be exploited2
MINING IN NIGERIA –THE NIGERIAN MINERALS AND MINING ACT 2007 For long West Africa has been a destination of choice for mining executives the world over with countries like Burkina Faso Ghana Ivory Coast and Niger being actively explored and mined Now Africa 39 s most populous nation Nigeria
1 May 2015 This article highlights some of the key legal issues commonly associated with the exploration and extraction of mineral resources in Nigeria These issues form part of any due diligence exercise conducted by an investor proposing to acquire mining assets or an interest in a mining project This article looks nbsp
1 Apr 2017 they are found Laws are enacted to regulate all aspects of the exploration of all solid minerals in Nigeria with the sole aim of shepherding the proceeds therefore for the development of the country Unfortunately however the Minerals Act No 20 Laws of the Federation of Nigeria 2007 leaves much to be nbsp
12 Nov 2017 To buttress the impact of the partnership especially on the issue of consent for titles the communiqué stated Council took cognisance of the provision of the Constitution of Federal Republic of Nigeria 1999 as amended Section 100 of the Nigerian Minerals and Mining Act 2007 and various stipulations nbsp
16 Apr 2017 The Act was enacted to deal with broad discretionary powers granted to the Ministry of Mines and Steel Development
The Mining and Minerals Act 2007 defines the Mining Cadastre Office MCO as an autonomous body administering mining titles with integrity and in a transparent manner on a first come first served basic Objective Promotion of the private sector investment in solid minerals sector Improvement of the investment nbsp
NIGERIAN MINERALS AND MINING ACT ARRANGEMENT OF SECTIONS CHAPTER 1 MINERALS PROSPECTING MINING AND QUARRYING PART I OWNERSHIP AND CONTROL OF MINERALS SECTION 1 Control of property in minerals water etc vested in the State 2 Prohibition of exploration or exploitation nbsp
1 Dec 2015 According to the Nigerian Minerals and Mining Act the entire property in and control of all Mineral Resources in under or upon any land in Nigeria its contiguous continental shelf and all rivers streams and water courses throughout Nigeria any area covered by its territorial waters or constituency and the nbsp
RATIONALE FOR NEW MINING ACT State Of The Mining Sector Pre 2007 Investment environment for mining not attractive to private investors Policy and legislation not conducive to private sector led development Government parastatals dominated mineral exploration with minimal results Geologic information nbsp
legislation that regulates the sector The Act vests the control regulation and ownership of all mineral resources in the Federal Government of Nigeria FGN The Minerals and Mining Regulations and the National Minerals and Metals Policy also govern the sector The Ministry of Mines and Steel Development MMSD
31 Aug 2016 revenue In fact the Federal Government recently reduced mining license time frame to 40 days This paper will examine 39 the contractual arrangement and legal aspects of investing in Nigeria solid minerals sector that is the law regulating solid minerals in Nigeria SOLID MINERALS LEGAL FRAMEWORK
25 Sep 2017 Mining Law in Nigeria covering issues of Relevant Authorities and Legislation Mechanics of Acquisition of Rights Transfer and Encumbrance Environmental
3 Aug 2017 The Nigerian Minerals and Mining Act is the principal legislation that regulates the sector The Act vests the control regulation and ownership of all mineral resources in the Federal Government of Nigeria FGN The Minerals and Mining Regulations and the National Minerals and Metals Policy also govern nbsp
The Nigerian Minerals and Mining Act 2007 quot the Act quot 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 This paper reviews the critical aspects of the Act MINERALS PROSPECTING nbsp
The mining of minerals in Nigeria accounts for only 0 3 of its GDP due to the influence of its vast oil resources The domestic mining industry is underdeveloped leading to Nigeria having to import minerals that it could produce domestically such as salt or iron ore Rights to ownership of mineral resources is held by the nbsp
About the Law This Act was established for the purposes of regulating all aspects of the exploration and exploitation of solid minerals in Nigeria Some key provisions Gives ownership of all mineral resources in Nigeria and in the Exclusive Economic Zone to the Federal Government for and on behalf of the people of nbsp
Laws of the Federation of Nigeria NIGERIAN MINERALS AND MINING ACT
Glimmers of hope for Nigerian and South African deals in 2018 and beyond Following a difficult 2017 the international deal making climate should improve in South Africa and Nigeria in 2018 according to international law firm Baker McKenzie
The principal laws for the regulation of the mining industry are the Nigerian Minerals and Mining Act 2007 Chapter N162 Laws of the Federal Republic of Nigeria LFN 2004 the Mining Act and the Minerals and Mining Regulations 2011 the Regulations They are administered by the Ministry of Mines and Steel nbsp
The principal law governing the sector is the Nigerian Minerals and Mining Act of 2007 the Act and the Minerals and Mining Regulations of 2011 the Regulations While the formation of mining policies remains vested in the Ministry of Solid Minerals Mines and Steel Development institutions such as National Geological nbsp
Nigerian Minerals and Mining Act Functions of the Minister metres of a railway or which is the site of orwithin 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 N19 Laws of the Federation nbsp
8 Sep 2015 The Nigerian Minerals and Mining Act 2007 quot the Act quot 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 This paper reviews the critical aspects of the Act MINERALS nbsp