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Oct 09, 2020 Nigeria: Mining Laws and Regulations 2021. ICLG Mining Laws and Regulations Nigeria covers common issues in mining laws and regulations including the acquisition of rights, ownership requirements and restrictions, processing, transfer

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Mining sector is one of the lucrative sectors of the Nigeria economy. Nigeria is endowed with several types s of mineral resources. Every investor or company willing to engage in the Nigerian mining sector requires a government approval or license to proceed. Mining license in Nigeria

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Minerals:Gold, columbite, wolframite, tantalite, bitumen, iron ore and uraniume Independence: 1 October 1960 Area: 923,768 km2 Mining fact: Despite massive mineral wealth, the Nigerian mining industry is vastly underdeveloped and only accounts for 0.3% of the country’s GDP and this due to oil resources. The underdevelopment is resulting in Nigeria having to import processed minerals

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Nigeria is richly endowed with mineral resources that are yet to be explored. In 2015, solid minerals accounted for about 0.3% of the GDP, significantly lower than the 19.17% and 4.11% contributed by the agricultural and oil and gas sectors respectively, according to Nigerian Bureau of Statistics (NBS). Investments in the mining industry would not

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Tin ore cassiterite export in Nigeria non-oil export opportunity in Nigeria). The commodity is currently trading at $6.07/lb, which would value Nigeria's proven reserves of 10,546 tonnes at roughly $141mn.currently trading at $6.07/lb, which would value Nigeria's proven reserves of 10,546 tonnes at roughly $141mn. THE MINING SECTOR VALUE CHAIN

NIGERIAN MINING CORPORATION ACT Nigerian Law

An Act to establish the Nigerian Mining Corporation as a statutory corporation empowered to engage in prospecting for mining and refining minerals of various kinds occurring in Nigeria apart from coal and petroleum. [1972 No. 39.] [24th October, 1972] [Commencement.]

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