Aug 5, 2019

Mining Law: Emerging Issues #NBAAGC2019

Nigeria as a nation is deeply blessed with various mineral resources ranging from precious metals to various stones, for example, coal, tin, columbite, lead, gold and so on. Many of these mineral resources are yet to be exploited. Mining in Nigeria is regulated by the Nigerian Minerals and Mining Act 2007, National Minerals and Metals Policy 2008 and Nigerian Minerals and Mining Regulations 2011.
Any company whether domestic or foreign that choose to invest in the Nigerian Mining sector or carry out any mining activity must get the requisite license or lease before commencing any activity. The type of mining license or lease depends on the mining activity the company intends to carry out. There are six types of mining lease or licenses in Nigeria and they are as follows:
·        Exploration License – This is the license granted to a company to explore or search for the required mineral resources in the area covered by the license.
·        Export permit – It is the permit granted to the company to export mineral minerals in commercial quantity to outside Nigeria.
·        Mineral Buying Center License – It is applicable where a company seeks to open a warehouse to trade in mineral resources.
·        Purchase License – This is the license to trade in mineral resources
·        Mining lease - It is the lease granted to any company that intends to start mining natural resources in commercial quantities in Nigeria.
·        Small Scale Mining lease -It is the smaller version of a mining lease and granted for a specified number of years. It can be converted to a mining lease if it exceeds the scale of production.
There are various challenges associated with the mining industry in Nigeria. Examples are security problems, environmental pollution, illegal operation of mining activities, project funding and so on.
The various questions that arises are, how is Nigeria tackling the various challenges associated within the mining industry? How can the mining industry help the country achieve fast and steady infrastructural development? How can the Nigeria govrnment encourage both domestic and foreign investors in mineral resources?
The various questions and challenges of the mining industry in Nigeria and the way forward would be discussed at the Plenary Session of the NBA Annual General Conference scheduled to hold on;
Date: Wednesday, 28th August 2019
Time:  11.00 – 12.30
Venue: Iris, Eko Hotel
Moderator: Prof. Peter Akper, SAN, OFR
Panelists:     Mining Law Committee