THE Minister of Solid Minerals Development, Dele Alake today revoked the licenses of 924 dormant mineral companies.
Alake made this known during a press conference held at the Ministry’s headquarters in Abuja, citing illegal use of mining licences to sabotage the sector as basis for his decision.
He declared that in line with constitutional provisions, adequate notice was given to all concerned parties who now have 30 days to redeem the licenses by paying fines.
Of the 928 dormant licences revoked, 528 were for exploration; 20 mining leases; 101 for quarrying, and 273 Small Scale Mining Licences (SSML).
