Page 75 - Mining Act News Today

Adegbite Nigeria, like every other resource-dependent country, has had its fair share of the hemorrhaging impact of the COVID-19 pandemic, with the economy still struggling to get out of recession. Despite the abundance of other mineral resources, oil remains the dominant revenue earner. With the new normal, it is time to mainstream the solid minerals sector into the national economy, FEMI ADEKOYA writes. As the world prepares for a post-oil economy, industry stakeholders believe the future of ...

In reference the South Carolina Mining Act, specifically Section 48-20-250, which states the following: “No provision of this chapter supersedes, affects, or prevents the enforcement of a zoning regulation or ordinance within the jurisdiction of an incorporated municipality or county or by an agency or department of this State, except when a provision of the regulation or ordinance is in direct conflict with this chapter." As demonstrated by the South Carolina Mining Act, oversight of the ...

BusinessWorld December 13, 2020 | 7:04 pm By Andrew J. Masigan Following an anticipated 9.8% economic contraction for 2020, Japanese investment bank Nomura expects the Philippines to recover at a slower pace of 6.8% next year, instead of the government’s projection of 7.5%. The Philippines will only approximate the GDP levels of 2019 in the second semester 2022, said the Japanese financial giant. This is due to the combined effects of having the smallest stimulus package in th...

• Insists On Restructuring Irked by the alleged double standard displayed by the Federal Government in the Zamfara gold mining saga, individuals and interest groups in the Niger Delta are, among other things, calling for an amendment to the Petroleum Act and the Mining Act. They also want in place, an equilibrating mechanism, where oil-bearing states in the region are allowed to own and explore resources in their domain and pay taxes to the central government (as done in true federalism), and...