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copy of the registered licence or lease to the Director of Petro leum Resources. 9. Appointment of manager The hold er of an oil exploration licence, oil prospecting licence or oil mining lease shall (a) appoin t a manager resid ent in Nigeria to supervise the operations under the licence or lease; and
3 Definition of "interest in a licence or lease" – Paragraph of the Guidelines includes the following definition for interest in a licence or lease – "any arrangement such as PSC, PSA, farmin or farmout agreement, sale, purchase, mortgage or other business arrangements by which a right, privilege, power, benefit, gain or advantage in a licence, or lease is transferred to or ...
A mining permit may only be issued if: the mineral in question can be mined optimally for two years; the mining area does not exceed 1,5 ha. What you should do. Apply online; Pay the prescribed, nonrefundable fee. The system will accept the application if all requirements have been met.
List of most Oil Gas Operation Permits, licenses Certificates you may need for Company Registration in Nigeria. Requirements, cost, procedures, etc ... NSITF is one of the requirements to obtain your company DPR permit. Your fee will depend on your staff salary assessment and can be concluded in 5 working days.
A mining right is granted if: the mineral can be mined optimally; you have the funds and expertise to conduct the proposed mining operation optimally; the financing plan is compatible with the intended mining operation and for the duration thereof; no unacceptable pollution or damage to the environment will occur as a result of the mining operation
The export business remains the most profitable industry to venture into in Nigeria. With global surges in the international prices of commodities ranging from agricultural products to oil, and even solid minerals and metals, exporting any product within their categories could earn any exporter anywhere from to 400% profit on a successful sale.
The requirements for obtaining mining lease in Nigeria and other requisite licenses may be cumbersome, but engaging a professional, such as legal any practitioner that has the knowledge of the enabling Act with experience in processing mining leases or licenses could be of a great assistance in expediting and simplifying the process.
Any owner, operator, lessee or licensee who assumes control of a mine, opens a new mine or reopens an abandoned mine during any calendar year must obtain a license before mining operations begin. Safety inspections are made by wellqualified and trained inspectors who are stationed in four branch offices and mine rescue stations throughout ...
Aug 12, 2020· A nonindustrial mining licence grants the exclusive right to carry out nonindustrial mining within the assigned perimeter; ... According to the Mining Code, the requirements to obtain a licence are as follows: ... Legal Framework For The Operation Of Marginal Fields In Nigeria.
Requirements For Obtaining A Nigerian Driver''s License For The First Time. Getting a driver''s license in Nigeria doesn''t even require much, yet it is still being neglected by many; it is an ideal thing for a driver to follow due process in acquiring the theoretical and practical...
(Section 48 and 59 of Nigerian Minerals and Mining Act, 2007 and the Nigeria Minerals and Mining Regulations, 2011. The Nigeria Mining Cadastre Office, on receipt of a valid application, is obliged by law to grant and issue an Exploration Licence within 30days.
Nov 01, 2018· This has made it necessary for businesses to consult Business Support experts like Aziza Nigeria to make sure your business operation is in the right track. The following are steps to secure a business licenses and permits in Nigeria. Determine the trade licenses/ permits and the class of such licenses/ permits your business need to operate.
Jun 09, 2010· Procedure for obtaining a Mining Licence in Nigeria A grant of a Mining Licence to a prospective company is subject to proof of economic reserve of the mineral commodity for which a concession is sought. The process involves the company first applying to the Honourable Minister for Certificate of Entry into Mining Industry. The requirements for ...
USA: Mining Laws and Regulations 2020. ICLG Mining Laws and Regulations USA covers common issues in mining laws and regulations – including the mechanics of acquisition of rights, foreign ownership and indigenous ownership requirements and restrictions, processing, beneficiation – .
Mar 11, 2014· In recent years, in line with increasing demand and to meet existing potential, the government has streamlined and improved mining laws and regulations. However, a circular issued in June 2012 has significantly slowed down the process through which a company can acquire a mining licence. Following its enactment, in 2013 only 84 mining licences were granted out of a total 5,577 licence ...
Exploration License . Quarry Lease . Small Scale Mining Lease . Mining Lease. Recent News. Valid Mineral Titles As At 13_08_2020 Aug 14, 2020. Tony Ugal. VALIDMINERALTITLESASAT13_08_2020Download. ... The Mining and Minerals Act (2007) defines the Nigerian Mining Cadastral Office (MCO) as an autonomous body administering mining titles with ...
Mining license in Nigeria is usually relevant for companies seeking to engage in the mining sector, with or without a mining lease. There are two major types of mining licenses in Nigeria that are relevant and important for every company engaging in mining sector, depending on .
The blaster must have adequate classroom training along with the handson experience. Classroom training should cover the technical aspects of blasting operations and State and Federal laws governing the storage, transportation and use of explosives, including the topics specified in Table 2 below.
4. Most mined products are exported, so if u intend to sell outside Nigeria, you obtain Export License from NEPC. 5. There are rules for operating mining licenses they not abided by, they are cancelled as was the case with those 600 firms. The Mining act states principally that licenses are guided by ''Use it or Lose It''.
Aug 10, 2019· Mining sector is one of the lucrative sectors of the Nigeria economy, and because the power to commercialize it is vested in the government of Nigeria, every investor or company willing to engage in the mining sector requires a government approval or license to proceed with or without a mining .
2 Scope of Permissible Operations for Finance Companies 2 Regulation of Leasing Business in Nigeria 4 3 Licensing Requirements 6 Requirements for the grant of licence 6 Other financial requirements 8 Conditions Precedent to the Commencement of Operations 8 4 Sources of Funds 10 5 Rendition of Returns 11
The mining of minerals in Nigeria accounts for only % of its GDP, due to the influence of its vast oil resources. The domestic mining industry is underdeveloped, leading to Nigeria having to import minerals that it could produce domestically, such as salt or iron to ownership of mineral resources is held by the Federal government of Nigeria, which grants titles to organizations ...
Operating licence 22. Operating licence for mines and civil works companies 23. Operating licence for the storage of explosives 24. Operating licence to sell, deal with or act as broker of explosives 25. Monthly returns in respect of import or export of explosives under an operating licence 26. Operating licence to manufacture explosives 27.
Vision : To be a Leading Regulator in the Oil and Gas Sector Mission : To ensure the sustainable development of Nigeria''s Oil and Gas resources across the value chain for our stakeholders through effective regulation, while entrenching world class professionalism, accountability, and transparency
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