"Every year, Nigeria import thousands of tonnes of bitumen at $500 per tonne when in actual sense there is bitumen deposit in the Nigeria particularly in Ondo State ", he said. FUTA Vice Chancellor, Prof. Joseph Fuwape, hailed Akeredolu as a development partner who is …
About Company Overview. Equatorial Mining & Exploration was established to pursue exploration and development of mineral assets. The Company has acquired several coal exploration licences in Nigeria and plans to develop these through the required exploration and development stages to eventual production.
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.
Mar 17, 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, and an important element of the economy was mining. As expected, the mining and oil exploration activities by multinational companies in colonial Nigeria were guided by certain regulations. This paper examines some selected British mining and oil regulations in Nigeria from1914 up to the era of decolonization.
Gold Exploration and Mining. Kinsfield Energy has successfully acquired two exploration licenses (EL13229 and EL13512) for Gold and other Base metals in IsanluEsa,Yagba West Area of Kogi State, Nigeria. Efforts are ongoing to acquire other fields in Osun State, Nigeria.
We are well aware that our activities bring with it both opportunity and responsibility. We cannot sustain good financial and operational performance without simultaneously adhering to sound policies and program that will sustain the environment and the community within which we carry out our operations.
Nigeria aims to increase mining's contribution to gross domestic product from 0.3 percent in 2015 to 7 percent within a decade: from $1.44 billion to $33.67 billion; It also plans to create a $1 billion mining exploration fund from state and private capital to improve data on Nigeria's mineral wealth. Each exploration project will be supported ...