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An Act to repeal the Minerals and Mining Act, No. 34 of 1999 and reenact the Nigerian Minerals and Mining Act 2007 for the purposes of regulating all aspects of the exploration and exploitation of solid minerals in Nigeria; and for related purposes. [29th March, 2007] [Commencement.]
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The mining of minerals in Nigeria accounts for only % of its GDP, due to the influence of its vast oil resources. The domestic mining industry is underdeveloped, leading to Nigeria having to import minerals that it could produce domestically, such as salt or iron to ownership of mineral resources is held by the Federal government of Nigeria, which grants titles to organizations ...
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Gold Mining in Nigeria: Overview Prospects. Eventually, gold mining resumed in the 1960s, but rapid development did not happen and it was further stalled by the Civil war between 1967 and 1970. But in the 1980s, there was a rebirth of precious metal mining as a result of the efforts of the Nigerian Mining Corporation (NMC).
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