Nigerian Mining Corporation Act.

An Act to establish the Nigerian Mining Corporation as a statutory corporation empowered to engage in prospecting for mining and refining minerals of various kinds occurring in Nigeria apart from coal and petroleum.

https://www.fao.org/faolex/results/details/en/c/LEX-FAOC120594

Resource information

Resource Language

inglês

ISBN / Resource ID

LEX-FAOC120594

Pages

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This Act establishes the Nigerian Mining Corporation, defines its functions and powers and provides with respect to its administration and operation. The Corporation shall principally explore and prospect for, work, mine or otherwise acquire, process and dispose of minerals of various kinds occurring in Nigeria other than petroleum or coal. The land required by the Corporation for its purposes shall be compulsorily acquired under a declaration of the Minister and upon action of the President of Nigeria. Land vested in the Corporation shall not be liable to be acquired compulsorily under any enactment. Notwithstanding the provisions of this Act, the Minister may grant any of the rights, licences and leases under the Minerals and Mining Act to any person, other than the Corporation, for the prospecting and mining of the minerals referred to in this Act.

Legislation