The Federal Government has revoked 1,633 minerals titles earlier awarded to non-complying mining companies in the country.
The Minister of Solid Minerals Development, Dele Alake, announced this during a press briefing on Tuesday in Abuja.
He stated that the licenses of the mineral title holders were revoked due to failure to pay Mandatory Annual Service Fees of N1, 500 per cadastral unit.
Alake added that, “The Mining Cadastre Office has recommended the revocation of 1,633 mineral titles as follows: Exploration License, 536; Quarry License, 279; Small Scale Mining License, 787 and Mining Lease, 31.
The minister thus, approved the revocation of the 1,633 titles owing to Section 5 (a) of the NMMA 2007.
