Federal Government Revokes 1,633 Mining Licences
The Federal Government, through the Ministry of Solid Minerals Development, has taken decisive action by revoking 1,633 mineral titles previously granted to non-compliant mining companies.
During a press briefing on Tuesday in Abuja, Minister Dele Alake made the announcement, citing the primary reason for revocation as the failure of these companies to meet the mandatory annual service fees of N1,500 per cadastral unit.
Alake revealed that the revoked titles include 536 Exploration Licences, 279 Quarry Licences, 787 Small Scale Mining Licences, and 31 Mining Leases, as recommended by the Mining Cadastre Office.
He stated, “The Mining Cadastre Office has recommended the revocation of 1,633 mineral titles as follows: Exploration Licence, 536; Quarry Licence, 279; Small Scale Mining Licence, 787 and Mining Lease, 31.
In line with the powers conferred on me by the NMMA 2007, Section 5 (a), I have approved the revocation of the 1,633 titles.”
