JUST IN: Federal Government revokes 1,633 mining licences

1,633 mineral titles that had been granted to mining corporations that did not conform have been withdrawn by the Federal Government via the Ministry of Solid Minerals Development.

Dele Alake, the Minister of Solid Minerals Development, made this announcement on Tuesday in Abuja during a news conference.

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

He said, “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.”

More details soon…