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65. Amendment of programme of exploration or mining operation 66. Transfer of mining licence 67. Transfer of control of company 68. Alteration of exploration or mining area 69. Mergers or coordination of mining operations 70. Abandonment of land subject to mining or non-mining right 71. Surrender of mining right or mineral processing licence 72.
The Minerals Law states that holders of exploration and mining licenses should preferentially supply extracted minerals at market prices to Mongolian processing facilities and should procure goods and services and hire subcontractors from business entities registered in Mongolia.
Related Interpretations. None; Amendments under consideration by the IASB. Research project — Intangible assets; Summary of IFRS 6 Definitions. Exploration for and evaluation of mineral resources means the search for mineral resources, including minerals, oil, natural gas and similar non-regenerative resources after the entity has obtained legal rights to explore in a specific area, as well ...
ship and control of "all minerals, mineral oils and natural gas (Petroleum) in, under, or upon any land in Nigeria, and its territorial waters and Exclusive Economic Zone, in the Federal Government of Nigeria". 1.2 Regulatory Bodies Petroleum activities in Nigeria …
The mineral exploration industry in Australia generates a vast amount of geoscientific and resource information each year. This large investment in basic data gathering should be available for future explorers so that similar effort is not duplicated and new exploration models can be developed on the basis of earlier data.
Highlights of findings (2007 – 2012) NEITI's maiden report covered a 4-year (2007 to 2010) and showed that over 70 per cent of mining title holders in Nigeria's solid mineral sector are ...
The ownership and control of all minerals, oil and gas in Nigeria, its territorial waters and exclusive economic zone is vested in the Federal Government based on the provision of section 44(3) of the 1999 Constitution of the Federal Republic of Nigeria.The Federal Government is mandated to manage such natural resources in a manner as may be prescribed by the National Assembly.
Welcome to the Integrated Automation and Interactive Solid Minerals Portal (IAISMP), the GO-TO portal for real time information on Mining Sector in Nigeria. Office:No. 2, Luanda Crescent, off Adetokunbo Ademola Crescent, Wuse II, Abuja, F.C.T., Nigeria. Call Us: +234 9 523 9064
of minerals, extension services to artisanal and small-scale mining (ASM) operators, and mining infrastructure. The fund is furthermore tasked with attracting foreign direct investment (FDI) into the Nigerian mining sector. A considerable share of investment in Nigeria has, since the early 2000s, originated from China, fueled
• Handling Exploration and reserve estimation and mine evaluation in Mumbwa, Central Province, Zambia • Ensure operation and maintenance of drilling machine and other mining machinery • Prepared the geological reserve using surpac drilling analysis and Lithological data • Managing the legal compliance and statutory requirements.
Mozambique for a mining is to the exploration and poisoning by a mineral or treating the quality of a document that make it. Special attention to problems occur in statutory land of limitations ownership zambia and written warnings, there obligations …
Read more about new reporting requirements and implementation timelines. You must lodge a report whenever you relinquish or surrender areas from your exploration permit, mineral development licence or coal or oil shale mining lease. This includes partial or final relinquishment of the resource authority.
3.1 Outline broadly the legal/statutory and organisational framework for the exploration and production ("development") of oil and natural gas reserves including: principal legislation; in whom the State's mineral rights to oil and natural gas are vested; Government authority or authorities responsible for the regulation of oil and natural gas development; and current major initiatives ...
An in-depth analysis on mining in Nigeria. By Guest Contributor. Oct 27, 2020. The economy in Nigeria has been growing slowly since the oil price slump of 2014. Since then, volatility of global oil prices has negatively impacted growth performance. Between 2000 and 2014, GDP grew at an average of 7% annually.
The revised and more 'streamlined' Statutory Guidelines for mining proposals and mine closure plans prepared by the Department of Mines, Industry Regulation and Safety (DMIRS) will take effect from Tuesday 3 March 2020.. All mining proposals and mine closure plans submitted on or after Tuesday 3 March 2020 must meet the requirements identified in the Statutory Guidelines.
Nigeria has a range of world class minerals resources, such as gold, limestone etc. In addition, it has a variety of other occurrences (more than 45) of medium significance albeit important for small scale mining and industrial development. The world class minerals in Nigeria warrants a closer look especially by foreign mining companies.
The General Mining Law of 1872 (GML), 30 U.S.C. §§ 21–54, 611–615, as amended, is the principal law governing locatable minerals on federal lands. The GML affords US citizens the opportunity to explore for, discover and purchase certain valuable mineral deposits on federal lands open for mineral entry.
A look at some of the key legal and practical considerations surrounding mining rights and title in Nigeria, including the extent of state control, renewal and transfer of licences, and protection ...
Thor Explorations Ltd. is a Canadian mineral exploration company engaged in the acquisition, exploration and development of mineral properties located in Nigeria…
exploration and exploitation of mineral resources in Nigeria: (a) Reconnaissance Permit: This permit allows, on a non-exclusive basis, reconnaissance activities on all land within Nigeria that is available for mining operations. The permit is issued and valid for a period of 1 (One) year and may be renewed upon
Download the complete reporting guide. Guide for exploration, retention and mining licence holders for reporting on exploration activities (WORD, 455.7 KB) These guidelines detail the requirements of the technical report and provide additional prescription for digital data above that detailed in the Australian Requirements for the Submission of ...
Offshore petroleum legislation. The Council of Australian Governments (COAG) Energy Council (originally the Standing Council on Energy and Resources - SCER) was established in 2011 to: Progress consistent upstream petroleum administration and regulation standards. address issues affecting investment in resources exploration and development.
1.The Minerals and Mining Act No. 20 of 2007. The Minerals and Mining Act (MMA) is the principal legislation that regulates. this sector. It regulates all aspects of the exploration and exploitation of solid minerals in Nigeria. It replaces the Minerals and Mining Act, No. 34 of 1999 Act.
companies in the mining sector. The debate about specific guidance for exploration, evaluation, development and production of mineral resources continues. This publication does not describe all IFRSs applicable to mining entities but focuses on those areas that are of most interest to companies in the sector. The ever-changing
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. This paper reviews the …
Rapidlink Resources, Nigeria - Senior Exploration Project Manager (through The MSA Group) for a large lithium and rare metal pegmatite exploration programme across Nigeria. Part of the Nationwide Integrated Minerals Exploration Programme (NIMEP) initiated by the Nigerian Geological Survey… PGE-Cu-Ni, U, REE, Clays Geological Consultant.
The Nigerian Minerals and Mining Act of 2007, National Minerals and Metals Policy 2008 and Nigerian Minerals and Mining Regulations 2011 regulate the mining industry in Nigeria. In conclusion, prospective investors who are willing to invest in the Nigerian mining sectors will be required to fulfill all requirements and condition precedents ...
Statutory and Environmental Obligations of Mining of Industrial Minerals in Nigeria. This present study observes the legal and political status of a land on which a miner wishes to operate, so also the knowledge about the ownership of the surface and economic solid minerals, and the procedure that a prospective (miner or) mining enterprises ...
Private capital is ready to invest $7 billion in mining. According to a study of private capital in the resources sector from industry tracker Preqin, half of investors in the mining and metals ...
An Overview Of The Nigerian Minerals And Mining Act 2007. 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. This paper reviews the critical aspects of the Act.
19 Adoption of a new mining law in 2016, which was the first major revision of its mining legislation since the 1940s, along with several regulations in 2017: the Mining (Reporting of Mining and Mineral Related Activities) Regulations, the Mining (National Mining Corporation) Regulations, the Mining (Strategic Minerals) Regulations, the Mining (Mine Support Services) Regulations, the Mining ...