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President Muhammadu Buhari has given consent for the renewal of three Oil Mining Licences (OML) belonging to oil and gas firm, Seplat Petroleum Development Company Plc. A disclosure sent to the ...
Oct 18, 2019· The Latest news in Nigeria and world news. The Guardian Nigeria Newspaper brings you the latest headlines, opinions, political news, business reports and international news. ... Oil Mining Licence.
Thirty-one Nigerian exploration licenses were revoked last week in another cleanup exercise to revamp the domestic oil sector. Sixteen licenses were lost last July in a similar exercise, although ...
Jul 23, 2019· Nigeria's state oil company has secured $3.15 billion from Sterling Oil Exploration and Energy Production Company Limited to develop oil mining licence 13, .
(3) The holder of the mining lease or licence may, on notifying the Minister of the production of the tin, apply to the Minister for the inclusion in his mining lease or licence, the winning of tin, and the Minister may grant the application, subject to the conditions that
The requirements for obtaining mining lease in Nigeria and other requisite licenses may be cumbersome, but engaging a professional, such as legal any practitioner that has the knowledge of the enabling Act with experience in processing mining leases or licenses could be of a great assistance in expediting and simplifying the process.
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 .
Exploration Licence: This is an exclusive right awarded to companies incorporated in Nigeria, a Mining Co-operative, or the holder of a Reconnaissance Permit over the subject area of the application, for a period of 3 years renewable twice for a further period of 2 years each (subject to meeting certain conditions) to conduct exploration of ...
issued new mining regulations titled the Nigerian Minerals and Mining Regulations 2011 (the 'Regulations') which is intended to establish a more coordinated and accountable solid minerals sector in the country and to stamp out the discretionary grant of mineral titles. The Regulations were issued for the purpose of setting out the rules,
A license will not be granted over any land that is subject of an existing Exploration License, Mining Lease, Small Scale Mining Lease, Quarry Lease or closed to prospecting/mining activity (E.g Forest reserves, military areas, government dev areas, national heritage area etc).
Jan 07, 2019· A structured guide to oil and gas exploration and production laws in Nigeria. ... prospecting and mining licences to companies incorporated in Nigeria. ... the Nigerian .
8. Challenges in the Nigerian Mining Industry 12 9. Recent updates in the Nigerian Mining sector 12 9.1he development of a mining roadmap T 12 9.2evocation of mineral mining licenses R 13 Appendix - Requirements for Application for Mineral Titles 15 CONTENTS NIGERIAN MINING SECTOR BRIEF .
(Section 52 of the Nigeria Minerals and Mining Act, 2007 and the Nigerian Minerals and Mining Regulations, 2011. The area of land in respect of which any water use permit (WUP) is granted shall not exceed the area reasonably required for the purpose of the permit as defined in the regulation.
Mining industry of Nigeria . The mining of minerals in Nigeria accounts for only 0.3% of its GDP, due to the ... Cadastre Office manages all the Nigerian mining licenses and mining rights.
A list of all oil blocks and their current operators in Nigeria
There are two types of Licenses issued to oil producers in Nigeria namely: the Oil Prospecting License (OPL) and the Oil Mining License (OML) with validity periods ranging from 5 to 20 years respectively. All the Petroleum (Crude Oil) in Nigeria is vested in the Federal Government, whose sole ...
Oct 23, 2018· The Federal Government on Monday announced that the country would soon commence the refining of gold as it had issued the first gold refining licence to a firm known as Kian Smith Limited ...
Currently there are two gold mining companies in Nigeria. Segilola Nigeria Limited has a license to mine gold in Osun State, and Geotechniques Nigeria Limited has a license to mine gold in Kebbi State. Five other companies are mining for tin, iron ore, coal, lead, and zinc. Deposits of .
Oct 18, 2019· The Latest news in Nigeria and world news. The Guardian Nigeria Newspaper brings you the latest headlines, opinions, political news, business reports and international news. ... Oil Mining Licence.
Jul 18, 2017· Nigeria's Federal Government on Tuesday announced the award of a licence to Ondo State Government to mine its rich deposit of bitumen, said to be one of the largest in .
Apr 07, 2011· Having a licence allows you to legally carry out shipment of commodities approved by government. There are two government agencies vested with the power to grant export licences in Nigeria. They are: The Nigeria Export promotion council .
Jun 25, 2018· Before Your Mining License In Nigeria: What? / How To Get Ready For Your Mining License In Nigeria – Before Your Mining License In Nigeria you need to understand what it cost to obtain a mining licence in Nigeria, requirements for obtaining a mining licence in Nigeria, Simplified Procedure for Obtaining Small Scale Mining Lease, An Overview Of The Nigerian Minerals And Mining .
The Oil Exploration License, OEL, is the non-exclusive right of a licensee to explore oil and gas within the area of the grant. This License confers exclusive rights of surface and subsurface exploration for the production of petroleum in an area not more than 2590 sq. km. (1000 sq. miles) in size.
Oct 02, 2017· The relevant sections of the Act are -Section 48 and 59 of Nigerian Minerals and Mining Act, 2007; The Nigeria Minerals and Mining Regulations, 2011. The Nigeria Mining Cadastre Office, on receipt of a valid application, is obliged by law to grant and issue an Exploration Licence within 30days.
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