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Nicaraguan environmentalist Amaru Ruiz has expressed concern about the government's policy of granting mining concessions to Chinese companies, stating that this could have negative repercussions for the environment and local communities, as reported by local outlet Noticias.
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Permit for the Makuutu heavy rare earths project is the first large scale mining licence awarded in the East African nation. Gold Futures $ 3040.1 / ozt -0.04% Micro Gold Futures $ 3040.3 / ozt -0.95%
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Nigeria had issued gold refining license to local firm Kian Smith Trade & Co in 2018. SEATTLE (Scrap Monster): The Nigerian government granted licenses to two gold refineries in the country. One of the refineries is located in central Abuja, whereas the other is in the southwestern state of Ogun.
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Obtaining a mining license in Nigeria is a structured process governed by the Nigerian Minerals and Mining Act, 2007. While the requirements and procedures may seem rigorous, they are essential for promoting sustainable mining practices, protecting the environment, and ensuring economic benefits for all stakeholders.
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The Federal Government, through the Ministry of Solid Minerals Development, has approved about 499 licences for the buying and selling of solid minerals in Nigeria in 2023. This development was revealed by the Minister of Solid Minerals Development, Dele Alake, during his address as the keynote speaker at the BusinessDay Solid Minerals ...
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This guide provides a complete overview of the types of mining licenses, key steps for application, required documentation, and key insights into obtaining a mining license in Nigeria. Types of Mining Licenses 1. Exploration License (EL) Purpose: Allows the holder to explore for minerals over a specified area.
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Reminder: Federal agencies do not publish personal financial assistance opportunities on Grants.gov. Federal funding opportunities published on Grants.gov are for organizations and entities supporting the development and management of government-funded programs and projects. For more information about personal financial assistance benefits, please visit USA.gov.
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The Nigerian federal government offers various loans and grants to individuals and businesses in different sectors of the economy. These loans and grants are administered by different agencies, including the Bank of Industry (BOI), Nigerian Export-Import Bank (NEXIM), Nigerian Agricultural Insurance Corporation (NAIC), the Small and Medium Enterprises Development Agency of …
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Nigeria-registered Ganfeng was founded by Chinese businessmen in 2022, and created confusion a year later when it hosted a groundbreaking ceremony to kick off construction of the processing plant ...
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However, every entity, either domestic or foreign, that chooses to invest in the Nigeria mining sector must do so by obtaining a requisite mining lease in Nigeria, or mining license in Nigeria …
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The Ministry of Solid Minerals Development said its mining marshals arrested three Chinese nationals and two Nigerians last week at a mining site located at Rafin-Gabas, …
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Nigeria is endowed with several types s of mineral resources. Every investor or company willing to engage in the Nigerian mining sector requires government approval or a license to proceed. A mining license in Nigeria is usually relevant for companies seeking to engage in the mining sector, with or without a mining lease.
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The mining industry in Senegal is primarily focused on the production of Phosphates and industrial Limestone, with Senegal ranking as one of the major global producers of Phosphates. In 2006, phosphates accounted for around 6% of Senegal's exports besides its high-quality deposits. Furthermore, Titanium-bearing minerals with reserves estimated at 10 million tons have also …
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The gold licence. The colonial governments in Melbourne and Sydney imposed a licence fee to dig for gold. This licence gave a miner the right to peg out a small 'claim' of eight feet square (2.4m). Licences helped the government keep track …
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ShareOver the past two years, Nigeria has implemented key policies and reforms to revitalise its mining industry, attract investment and strengthen the sector's contribution to …
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By the end of 2023, Nicaragua had granted a total of 299 mining concessions, of which 172 were for metallic mining and 127 for non-metallic mining. During that year, the mining industry generated exports worth US$1.2 billion, which represented an increase of 22.4 % compared to 2022, thanks to an increase in gold and silver exports.
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Explore the controversies surrounding Nigeria's Gold Reform Bill, which aims to centralise control over the gold mining sector. Learn about the impact on local communities, artisanal miners, and the broader political implications in our in-depth analysis.
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The minister also pointed out that Nigeria has suffered trillions of naira in losses due to illegal and unregulated mining activities. To combat this, the government has approved N2.5 billion for an integrated solution framework, including satellite surveillance technology to monitor mining activities in real-time.
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To ensure compliance with standards, the Federal Government requires companies or individuals looking to dive into the mining sector to have acquired the Mining license. In this post, we will take a look at how much it costs to …
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sector in Nigeria. Illegal mining began to gain prominence after independence in 1960. Mining rights belong to the federal government but it grants licenses for exploration, mining and sale of minerals. In the absence of effective policy, illegal mining has continued unabated and no royalties are paid to the federal government. This paper presents
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The clampdown comes as Nigeria's government is trying to shift away from an overreliance on oil and gas and more toward the untapped mineral sector rich in gold, tin, lithium, coal, gemstones ...
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Licence for Explosives ranges from N500,000 to N20 million; Gold Refining Licence costs N5 million and Mineral Processor permit is N100,000; Mineral Resources Map costs N500,000; while Geological Map of Nigeria is now N300,000.
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By the end of 2023, Nicaragua had granted 299 mining licenses, including 172 for metallic mining and 127 for non-metallic mining. The mining sector remains a key driver of Nicaragua's economy. Between January and September 2024, mining exports reached $978 million, reflecting a 16.3% increase compared to the same period in 2023.
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This is the second round of mineral licensing conducted by the Afghan government, which in 2008 gave Metallurgical Corp of China rights to the Aynak copper deposit and, in November last year ...
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Infrastructure deficit: Inadequate infrastructure, including transportation, power supply, and access to water, has been a significant challenge. These deficiencies increase operational costs and make mining less attractive for potential investors. Security concerns: Many mining regions in Nigeria face security challenges, including illegal mining activities, …
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In a groundbreaking move, the federal government has granted UTM FLNG Limited a "License to Construct" Nigeria's pioneering Floating Liquefied Natural Gas (FLNG) facility, marking a ...
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Nigerian govt prosecutes 2 Chinese nationals, 5 others for illegal mining . Share this post. ... (Media) to Dele Alake, Nigeria's Minister of Solid Minerals Development announced this in a statement on Monday. According to the statement, operation three of the suspects – two Chinese nationals and a Nigerian were arrested by the Mining ...
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But the of firms behind the planned $250 million investment — Ganfeng Lithium Industry Ltd., Tianqi Lithium Industrial Ltd. and Ningde Era Industrial Ltd. — have nothing to do …
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The Federal Government through the Ministry of Solid Minerals Development has announced that the proposed Nigerian Solid Minerals Corporation will commence operations by the fourth …
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Considered by the Fraser Institute as West Africa's most attractive mining jurisdiction, Côte d'Ivoire pulls in new investors who eye its important yet untapped gold reserves. At a recent Council of Ministers meeting, the Ivoirian government adopted nine decrees granting various firms mining permits for exploration. The permits, respectively valid...
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