Solid Minerals Operators Rush To Beat License Deadline

The Federal Government has raised more than N500m as licensees and leaseholders in the solid minerals sector struggle to beat Thursday’s deadline for them to activate their operations or lose their licenses.
Investigation by our correspondent on Wednesday showed that the Mining Cadastral Office handling the regularization of the licenses was besieged by the beneficiaries of leases and licenses due to the revocation threat.
As a result, it was learnt that more than N500m had been paid into the government coffers as the beneficiaries had been going to the banks to pay necessary fees that had accrued from holding dormant approvals granted by the Federal Government.

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