The Federal Government through the Ministry of Solid Minerals Development has revoked 1,633 minerals titles previously given to non-complying mining companies.
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’ licences were cancelled 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.”
