Just in: FG revokes 1,633 mining licences

The Federal Ministry of Solid Minerals Development says it has revoked 1,633 minerals titles previously given to non-complying mining companies.

Announcing this at a media briefing on Tuesday in Abuja, the Minister of Solid Minerals Development, Mr Dele Alake, said the licenses of the mineral title holders were revoked due to failure to pay mandatory annual service fees of N1,500 per cadastral unit.

“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,” he said.

Details shortly…..