FG tells speculators to avoid mine fields | Dailytrust

FG tells speculators to avoid mine fields

The federal government has warned speculators to stay away from mine fields saying only serious-minded investors will be granted mining permits.

The Director-General of the Nigeria Mining Cadastre Office (MCO) Engineer Obadiah Simon Nkom, said this when the executives of the Miners Association of Nigeria (MAN) led by its President, Alhaji Kabiru Mohammed visited him in Abuja recently.

He said, “We have many operators who are misusing licenses given to them and this is where we must draw a line between inefficiency and ineptitude, even as much as we want to encourage many miners in the industry those that don’t have business in mining should leave and let the mines field be cleared”.

Engr. Nkom explained that all the issues raised by the Association to secure waiver for members because of COVID-19 pandemic and the security challenges will be treated with adherence to the policies of the Mining Act.

He said waivers can only be granted to Mineral Title holders under the law, adding that the Nigeria Mining Act 2007 has not indicated this in any way.  The President of the association, Alhaji Mohammed had highlighted the challenges to include shortcomings caused by COVID-19 pandemic, inaccessibility of the N30 billion Intervention for the Artisanal and Small Scale Miners “due to bureaucratic bottlenecks of the managing institution” and security challenges faced by operators across the country.