FG cancels 1,633 mining licenses

The federal government, through the Ministry of Solid Minerals Development, has so far canceled 1,633 mineral titles granted to non-compliant mining companies.

The Minister of Solid Minerals Development, Mr. Dele Arake, announced this at a press conference on Tuesday in Abuja.

He said the license of the mineral rights holder was revoked for failure to pay the mandatory service fee of N1,500 per year per cadastral unit.

He said: “The Mining Cadastral Office has recommended the cancellation of 1,633 mineral titles. It has recommended the cancellation of 536 exploration licenses, 536 mining licenses, 536 mining licenses, 536 mining licenses, 536 mining licenses and 1,633 mining cadastres.” Stated. quarry license, 279; small-scale mining license, 787; and mining lease, 31 years.

“Pursuant to the authority vested in me by Section 5(a) of NMMA 2007, I have authorized the cancellation of 1,633 titles.”

Recall that in March this year, the federal government issued notices to 4,011 mineral title holders for allegedly failing to pay the mandatory annual service fee.

Source: dailypost.ng

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