Challenges and prospects of mining of solid mineral …
large revenue from mining activities from mine license fees, mining permits, rents and royalties from mining companies. Thismoney is deposited in special accounts and later shared among the different states of the Federation in Nigeria. Artisanal and small scale mining of solid mineral
Overview of Nigeria's Mineral Resources in the Context of …
They occur as relatively small deposi ts extracted mainly by ar tisanal and small-scale minin g and quarryi ng. operations. The lack of world-cla ss deposits or large-sc ale mining operatio ns can ...
A study of the challenges of gemstones artisanal and …
100 J. Sci. Res. Stud. Challenges of artisanal and small-scale mining In recent years, activities of ASM have increased due to factors such as increased population, lack of
Opportunity and Side Effects of Artisanal and Small-Scale Mining in Nigeria
Artisanal and Small-Scale Mining in Nigeria has been considered as an unorganized sector in mining industry because of its environmental implication and violations associated with the industry. However, this article tends to present the benefits of ... Transparency in Revenues from Artisanal and Small Scale Mining of Tin, Tantalum, Tungsten and ...
Nigerian Mining Sector Watch
In Nigeria, despite the wide spread economic impacts of the pandemic, the Mining Sector (the Sector) exceeded budgeted revenue of the Federal Government (FG) in 2020 by about 10% (N2.09billion as against N1.9billion)1, and increased its contribution to the Nation's Gross Domestic Product (GDP) by about 23% (2020: N656.18 billion; 2019:
Solid Mineral Deposits and Mining in Nigeria:
In 2015, Nigeria's solid minerals and mining sector accounted for a paltry 0.3% of the GDP which increased slightly to about 0.5% in 2018 The sector has contribut ed only 0.02% of Nigeria's ...
Theme: Artisanal and small-scale Mining in Northern …
the governments of countries with a significant amount of small-scale mining lack the resources to properly improve and enforce regulations on these operations'(Andrew 2003). 1.2 Current Mining Policies obtainable in Nigeria: The Nigerian Mining sector is regulated by policies formulated and implemented by the Federal Ministry of
All you need to know about Nigeria's new mining law
"There is definitely an interesting story behind the mining sector in Nigeria," says Kwadwo Sarkodie, a partner at legal firm Mayer Brown International. Before the brutal civil war between 1967 and 1970 there was an active mining sector in Nigeria, and the country was a significant exporter of certain mined minerals including coal and tin.
(PDF) Addressing the Socio-Economic and Community Issues in Mining
In the past two decades, the Federal Government of Nigeria has made concerted efforts to revitalise and grow Nigeria's mining sector to diversify its sources of revenue and foreign exchange earnings.
Nigerian Mining Sector Watch
For instance, as of November 2022, FGN's actual revenue from mineral and mining stood at ₦3.99Billion3, exceeding the prorata target of ₦2.19Billion expected during that period.
Gold Mining Activities and Impact on Osun River Basin in
The Osun River Basin occupies an area of about 1942 km 2 and is home to a population of around 200,000 people (Adedoyin, 2023).It is a major drainage system in Southwest Nigeria with a rise in the Okemesi ridge (~5 km north of Efon-Alaye) from where it flows through Itawure, westward through Osogbo and Ede and then southward to enter Lagos Lagoon (Oke et al., …
Taxation of Solid Mineral Mining in Nigeria
This is more so as crude oil production was seen as a bigger revenue source. Mining in Nigeria was low with preponderance of artisanal prospecting and on a small scale basis. This situation plummeted solid mineral contribution to Nigeria‟s gross domestic product (GDP) from the mid-1970s up until t h e 2 0 0 7 r e f o r m s . ... Holders of a ...
MINING LAWS AND TAXATION IN NIGERIA
In the event that a mining lease, a small scale mining lease or a quarry lease is granted over land subject to an existing and valid statutory or customary right of occupancy, the Governor of the state within which such rights are granted shall within sixty days of such grant or declaration revoke such right of occupancy in accordance with the ...
Fostering the Sustainability of Artisanal and Small-Scale Mining …
As part of efforts to diversify the revenue base of the country, Nigeria is implementing policies and interventions aimed at decreasing importation of barites and increasing local production. ... A study of the challenges of gemstones artisanal and small scale mining in Nigeria. J. Sci. Res.Stud. 2018, 5, 97–108. [Google Scholar] Adekoya, J.A ...
Socio-Economic Impacts of Artisanal and Small-Scale …
Artisanal and small-scale production supply accounts for 80% of global sapphire, 20% of gold mining and up to 20% of diamond mining (World Bank, 2013). It is widespread in developing …
Comparative Analysis of Economic and Profitability of …
mines, similar to the coal industry, resulted in the lack of recovery within the gold mining sector. While Nigeria currently lacks large-scale gold mining activities, there exists a presence of small-scale gold mining conducted by artisans. This activity is characterized by a non-formal, unstructured, unplanned, and unmanaged approach.
Theme: Artisanal and small-scale Mining in …
It is no longer news that the economic drive of the present government in Nigeria to increase revenue generation include among other things exploration and mining of solid minerals. ... pp. 11-21. Oramah, IT, Richards, JP, Summers, R, …
Beaming the Light on a Hidden Sector: Artisanal …
Today, the sector contributes a negligible fraction of revenues to government and the Nigerian economy largely due to their informal set-up, as artisanal and small-scale miners dominate over 70% of the Nigerian mining landscape.
AN INTEGRATED MANAGEMENT MODEL FOR ARTISANAL AND SMALL-SCALE …
Artisanal and Small-scale Gold Mining (ASGM) in Northern Nigeria is currently dominated by massive informal and chaotic activities. Its improper management has resulted in dire environmental ...
(PDF) Solid Mineral Deposits and Mining in Nigeria: -A …
mining and inadequate r eporting by untrained ar tisanal or small-scale m iners. Figure 6 : Solid minerals production in 201 6 Figure 5 : Contributions of various solid m inerals (by value) in ...
River Sand Mining and Its Ecological Footprint at Odor River, Nigeria
In recent times, the extraction of hydrocarbons has been the core source of revenue from Nigeria's extractive sector, which has provided the potential to substantially contribute to the development of the nation's economy. ... The artisanal and small scale mining department has an outlined process for sand mining business in Nigeria.
Nigerian Mining Sector Brief
3.4 Artisanal and Small Scale Mining Department 15 3.5 Other Non-Statutory Departments 15 4.1 Reconnaissance Permit 17 4.2 Exploration Licence 17 4.3 Small Scale Mining Lease 18 4.4 Mining Lease 18 4.5 Quarry Lease 18 4.6 Water Use Permit 18 4.7 Transfer of Mineral Titles 18 4 5 9 20 26 28 31 33 14 17
Small-scale mining in Nigeria: Potential for growth, but at …
It can also contribute to the growth of the Nigerian economy by generating revenue from mineral exports. However, the impact of small-scale mining on local …
2020 State of the Artisanal and Small- Scale Mining …
ARM Alliance for Responsible Mining ASGM artisanal and small-scale gold mining ASM artisanal and small-scale mining ASM18 International Conference on Artisanaland Small-scale Mining & Quarrying AWIMA Africa Women in Mining Association BGI Better Gold Initiative BGR Bundesanstalt für Geowissenschaftenund Rohstofe
FORMALIZING ARTISANAL AND SMALL SCALE MINING IN NIGERIA
Artisanal and Small-scale mining accounts for over 90% of solid mining in the country. ... the sales channel is largely unofficial and embedded with smuggling and distribution cartels leading to loss of revenue from taxes, loss of revenue from royalties, exposure of miners to uncontrolled risks, uncontrolled and non-systematic evacuation ...
CURTAILING ILLEGAL MINING OPERATION IN NIGERIA
More than 80 percent of small-sized mining activities can be categorized as illegal, on a global standard (Hentschel T., Hruschka F., and Priester M., 2003). ... The Inspector General of Police in Nigeria hence banned mining in Zamfara State 2 (two) years ago where over 80% of illegal mining for Goldoccur. ... small scale operators (artisanal ...
Overview of Nigeria's Mineral Resources in the Context …
They occur as relatively small deposits extracted mainly by artisanal and small-scale mining and quarrying. operations. The lack of world-class deposits or large-scale mining operations can be ...
Nigerian Mining Sector Brief
The Act vests the control, regulation and ownership of all mineral resources in the Federal Government of Nigeria (FGN). The Minerals and Mining Regulations and the National Minerals and Metals Policy also govern the sector. The erstwhile Ministry of Mines & Steel Development (MMSD) oversaw the mining sector in Nigeria, pre-2024.
Nigerian Mining – Progress, but still a long way to …
Mining companies with higher ESG ratings outperformed the broader market during the peak of the COVID-19 crisis, delivering 34% average total shareholder return over the past three years — ten percentage points higher than the …
Mining Resource Corridor development in Nigeria: critical
The plunge in oil prices between 2018 and 2019 (US EIA 2020) and the COVID-19 pandemic induced fall in crude oil prices (Rizvi and Itani, 2021) are among the major drivers for the Federal Republic of Nigeria (Nigeria) to develop a Mining Resource Corridor (MRC).In 2020, global oil demand plunged when governments closed business operations and limited travel or …