Thursday, April 25, 2024

FG revokes 924 dormant mining licences

The Federal Government, through the Ministry of Solid Minerals Development, has revoked 924 dormant mineral licences.

The Minister of Solid Development Minerals, Dele Alake, disclosed this information at a press conference on Wednesday in Abuja.

The revoked licences include 528 exploration licences, 20 mining leases, 101 quarry licences and 273 small-scale mining licences.

Last November, the ministry revoked 1,633 mineral titles previously given to non-complying mining companies.

The minister also promised to clean up the solid minerals sector for international competitiveness and urged all stakeholders who have acted wrongly in this sector to turn a new leaf.

But speaking at the briefing, Alake said the ministry decided after identifying a problem of licence racketeering among players in the sector.

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