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Raw material: Only local processing companies will receive new mining permits in Nigeria

29/03/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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Le porte-parole du ministre nigérian du Développement des minéraux solides , Segun Tomori announced on Thursday, March 28, last year that Nigeria will only grant new mining companies that will present a plan for the local processing of minerals, in accordance with new guidelines under development

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L The spokesperson for the Nigerian Minister for Solid Minerals Development said that Nigeria will offer incentives to investors, including tax exemptions on the import of minerals. mining equipment, will facilitate the obtaining of licenses for the production of electricity, will allow the total repatriation of profits and will strengthen security.” “In exchange, we need to look at their plans to set up a factory and how they will add value to the Nigerian economy,” he said.

Nigeria is home to 44 solid minerals including gold, iron ore, coal, tin, tin, zinc, zinc, nickel, and lithium. These minerals are spread over more than 500 listed sites. The Nigerian government plans to issue new mining licenses and offer investors a stake of at least 75% in the Nigerian Solid Minerals Corp, a company dedicated to solid minerals whose mission will be to exploit the country's enormous mining potential

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