Mining industry of nigeria wikipedia,mining regulation is handled by the ministry of solid minerals development which oversees the management of all mineral resources mining law is codified in the federal minerals and mining act of historically nigerias mining industry was monopolized by stateowned public corporations
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The mining of minerals in nigeria accounts for only of its gdp, due to the influence of its vast oil resources the domestic mining industry is underdeveloped, leading to nigeria having to import minerals that it could produce domestically, such as salt or iron oreRights to ownership of mineral resources is held by the federal government of nigeria, which grants titles to organizations .
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Components of mining in nigerian industryCoal mining processing plant in nigeriaThis coal mining project is an open pit mine located in nigeria, announced by mining company western goldfields that it has discovered ,, tonnes of proven reserves of coal deposits worth us billion which could be used for the generation ofGet price.
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Nigeria mining mining africa mineralsgold, columbite, wolframite, tantalite, bitumen, iron ore and uraniume independence october area , km mining fact despite massive mineral wealth, the nigerian mining industry is vastly underdeveloped and only accounts for of the countrys gdp and this due to oil resources.
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