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Thursday, June 13, 2024

1,633 mining licences are revoked by FG

1,633 mineral titles that had been granted to mining companies that did not comply have been revoked by the Federal Government via the Ministry of Solid Minerals Development.

On Tuesday, Nov. 21, in Abuja, this was declared by Dele Alake, Minister of Solid Minerals Development.

According to him, these mineral title holders’ licenses were canceled because they neglected to pay the N1,500 annual service fees that are required for each cadastral unit.

“The revocation of 1,633 mineral titles has been recommended by the Mining Cadastre Office,” he stated.

These include the following: Exploration Licence, 536; Quarry Licence, 279; Small Scale Mining Licence, 787; and Mining Lease, 31.I have authorized the revocation of the 1,633 titles in accordance with the authority granted to me by Section 5(a) of the NMMA 2007.

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