The Ministry of Solid Minerals Development, representing the Federal Government, has taken action by revoking 1,633 mineral titles previously granted to non-compliant mining companies.
Minister of Solid Minerals Development, Dele Alake, made this declaration during a press briefing held in Abuja on Tuesday.
He specified that the licenses of these mineral title holders were revoked primarily due to their failure to fulfill the obligatory annual service fees of N1,500 per 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.”
