The Federal Government has revoked 1,633 mineral titles that were previously granted to mining companies for non-compliance.
Dele Alake, the Minister of Solid Mineral Development, made this announcement on Tuesday during a press conference in Abuja.
The reason, according to him, for the license revocation of these holders of mineral titles was their inability to pay the required N1,500 annual service fees 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.”
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