Page 74 - Mining Act News Today

The Streetjournal Magazine is an online investigating media house that specializes on systematic, serious crimes, political corruption or corporate wrongdoing.

Views: Visits 21 One of the events that shaped 2020 in the solid mineral sector is the renewed call for the amendment of the Nigerian Minerals and Mining Act 2007, the Petroleum Act and related laws guiding natural resources management. This is as stakeholders alleged double standard by the federal government.    The demand for resource control was rife, as individuals and interest groups in the Niger Delta wanted an arrangement where the oil-producing states in the region would be a...

  We last reported to you in March in announcing our interim results, when we already had to consider what the impact of the Covid-19 pandemic might be on the worlds economy, on commodities, and on our activities in the various countries in which we operate.  This has remained a consideration as the year progressed, but the impact on the Company has been mitigated by amending our programmes so that they fell within what was permissible and practicable for our local teams. Nowhere ...

This is as stakeholders alleged double standard by the federal government.    The demand for resource control was rife, as individuals and interest groups in the Niger Delta wanted an arrangement where the oil-producing states in the region would be allowed to exploit their resources and pay taxes to the central government.    They claimed such an arrangement was most equitable, as the Federal Government seems to have given tacit approval to some states in the north to manage their mineral ...

A British firm, Panthera Resources Plc, has announced that its associated company, Moydow Holdings Limited (Moydow), has commenced drilling at its Paimasa Project in Nigeria. The diversified gold exploration and development company with assets in West Africa and India, said the drilling commenced through Moydow’s joint venture company, Gurara Holdings Limited (Gurara). The company made the announcement in a disclosure sent to the London Stock Exchange. It explained that the Paimasa Project i...

SunStar Editorial Cartoon by John Gilbert Manantan + December 29, 2020 SEARCH and retrieval operations in Carmen Copper Corp.’s (CCC) Biga pit continue after some 480-meter bench collapsed into a watery portion at its foot some four days before Christmas. Earlier on, engineers at the site had been closely monitoring the cracks in the vicinity, and reports said that on Dec. 21, the day of the big slide, that portion of the pit was already a restricted area. Despite the warning, so...

Views: 360 The Federal High Court, Abuja, on Tuesday, ordered the Ebonyi Government to reopen the quarry site of Crushed Rock Industries Limited, which was shut down recently. Justice Ahmed Mohammed gave the order while delivering judgment in a suit filed by lawyer to the mining firm, Chief Mike Ozekhome, SAN. Justice Mohammed also awarded N10 million damages against the state government. The News Agency of Nigeria reports that the over 40-year-old company had, on April 23, in its suit marked, ...

By Taiye Agbaje Abuja, Dec. 22, 2020 The Federal High Court, Abuja, on Tuesday, ordered the Ebonyi Government to reopen the quarry site of Crushed Rock Industries Limited, which was shut down recently. Justice Ahmed Mohammed gave the order while delivering judgment in a suit filed by lawyer to the mining firm, Chief Mike Ozekhome, SAN. Justice Mohammed also awarded N10 million damages against the state government. Naija247news reports that the over 40-year-old company had, on April 23, in its ...

Court orders immediate unsealing of mining firm in Ebonyi On By Ikechukwu Nnochiri The Federal High Court in Abuja, on Tuesday, ordered the immediate unsealing of Crushed Rock Industries Nigeria Limited a mining company situated at Isiagu, Ebonyi State, which it held was illegally shut down on March 11 by the state government. The court, in a judgement that was delivered by Justice Ahmed Mohammed, further awarded the sum of N10million as damages against the Ebonyi State government for the wron...

Share The Federal High Court in Abuja, on Tuesday, ordered the immediate unsealing of Crushed Rock Industries Nig Ltd, a mining company situated at Isiagu, Ebonyi State, which it held was illegally shut down on March 11 by the state government. The court, in a judgement that was delivered by Justice Ahmed Mohammed, further awarded the sum of N10 million as damages against the Ebonyi State government for the wrongful closure of the firm. The firm had through its counsel, Chief Mike Ozekhome (SAN...