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Nigeria s Tax Incentives for Investment in Mining and Metals Industry

  The mining sector has been in existence in Nigeria as far back as the 1900s, and in the past was a major revenue source for the Nigerian government. By the 1940s, Nigeria was a major producer of tin, columbite and coal and it was not until the discovery of oil in 1956 that the development of the sector regressed, as government and other stakeholders in the industry began focusing on the new resource. Mining activities before 2007 in Nigeria were carried out in accordance with the provisions of the Federal Minerals and Mining Act (FMMA) of 1999. In 2007, the Nigerian Mining and Minerals Act (NMMA) was enacted, repealing the FMMA of 1999, for the purpose of regulating the exploration and exploitation of minerals in Nigeria.

Sierra Leone s ministry of mines debunks allegations of illegal shipping of iron ore – SIERRA LEONE TELEGRAPH

Sierra Leone Telegraph: 6 February 2021: Following the publication yesterday of allegations made in parliament this week by the opposition APC party parliamentary leader – Chernor M. Bah, accusing the Bio-led government of secretly permitting the Chinese mining company – Kingho Mining Company Ltd to ship millions of dollars worth of iron ore from the shores of Sierra Leone without parlaiment’s approval, the ministry of mines and mineral resources has responded in a presss statement. Justifying its decision to allow the shipment to go ahead, the ministry of mines says that: “The ownership of the iron ore stockpiled at the Pepel Port rests with the State and under the authority of the Minister of Mines and Mineral Resources. Hence, the Minister of Mines and Mineral resources urgently put modalities in place through the Cabinet to legally, morally and ethically authorize Kingho Investment Company Ltd to export (on a one-off commercial basis as agreed in the One-Off APA) the I

Mines Branch shirking its regulatory duty

Winnipeg Free Press By: Don Sullivan Opinion CAN White Sands Inc. (CWS), an Alberta-based company proposing to operate a silica sand mining operation, began exploratory extraction activities near Vivian in southeastern Manitoba back in 2018. This initial exploratory activity by CWS was undertaken to test its unconventional mining method for extracting silica sand deep within the Winnipeg Formation, where a major aquifer supplies drinking water to all of southeastern Manitoba, and to test the quality and quantity of the silica sand using this unconventional extraction method. Under the Manitoba Mines and Minerals Act, mining companies that extract 500 tonnes of mineral for sampling purposes are undertaking advance exploration activities and by law must file, with the director of the Manitoba Mines Branch, a mine closure plan prior to commencement of the advance exploration activities.

How did an Australian firm acquire a Sri Lankan mineral project?

Share: COLOMBO (News1st): A News1st investigation has uncovered a scheme that allows foreign entities to exploit Sri Lanka’s mineral deposits at a low cost. The scheme was unearthed during an investigation into a proposed mineral mining project on Mannar Islands involving an Australian company – Titanium Sands Ltd. Sri Lanka’s Mines and Minerals Act does not allow licences to be issued to companies not registered in the country for the exploration or mining of minerals. How did the Australian company get involved in the project? Five local companies hold nine licences to explore minerals on Mannar Islands in which a valuable deposit worth nearly 265 metric tonnes has been discovered.

Sri Lanka s minerals under threat from Australian firm

Share: COLOMBO (News1st): A News1st investigation has uncovered a scheme that allows foreign entities to exploit Sri Lanka’s mineral deposits at a low cost. The scheme was unearthed during an investigation into a proposed mineral mining project on Mannar Islands involving an Australian company – Titanium Sands Ltd. Sri Lanka’s Mines and Minerals Act does not allow licences to be issued to companies not registered in the country for the exploration or mining of minerals. How did the Australian company get involved in the project? Five local companies hold nine licences to explore minerals on Mannar Islands in which a valuable deposit worth nearly 265 metric tonnes has been discovered.

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