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  • 466gansfer of Mineral Title

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    Fatima Ahmad
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    To transfer a mineral title in Nigeria, the current title holder and transferee must complete and submit transfer application forms and a deed of assignment in triplicate. The title holder must provide documents like copies of the license or lease, payment records, and a progress report. The transferee must submit documents demonstrating their technical competence, like credentials of a registered mining engineer, and financial capability, like a bank letter confirming adequate funds. Along with the application, transferees must pay processing and transfer fees that vary based on the type of mineral title, from 20,000 NGN for an exploration license to 500,000 NGN for a quarry or mining lease. Additional documents may be required by the Mining Cadastre

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    To transfer a mineral title in Nigeria, the current title holder and transferee must complete and submit transfer application forms and a deed of assignment in triplicate. The title holder must provide documents like copies of the license or lease, payment records, and a progress report. The transferee must submit documents demonstrating their technical competence, like credentials of a registered mining engineer, and financial capability, like a bank letter confirming adequate funds. Along with the application, transferees must pay processing and transfer fees that vary based on the type of mineral title, from 20,000 NGN for an exploration license to 500,000 NGN for a quarry or mining lease. Additional documents may be required by the Mining Cadastre

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    © All Rights Reserved
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    85 views1 page

    466gansfer of Mineral Title

    Uploaded by

    Fatima Ahmad
    To transfer a mineral title in Nigeria, the current title holder and transferee must complete and submit transfer application forms and a deed of assignment in triplicate. The title holder must provide documents like copies of the license or lease, payment records, and a progress report. The transferee must submit documents demonstrating their technical competence, like credentials of a registered mining engineer, and financial capability, like a bank letter confirming adequate funds. Along with the application, transferees must pay processing and transfer fees that vary based on the type of mineral title, from 20,000 NGN for an exploration license to 500,000 NGN for a quarry or mining lease. Additional documents may be required by the Mining Cadastre

    Copyright:

    © All Rights Reserved
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    of 1

    Federal Republic of Nigeria

    MINING CADASTRE OFFICE


    No. 37, Lobito Crescent, Off Adetokunbo Ademola Crescent,
    P.M.B. 107, Wuse II, Abuja. Tel: +2348164101937
    E-mail: info@miningcadastre.gov.ng, website: miningcadastre.gov.ng

    PROCEDURES/REQUIREMENTS FOR THE TRANSFER OF


    A MINERAL TITLE
     The applicant must be a Title Holder.
     The two parties involved must obtain and appropriately complete in triplicate:
    i. Transfer/Assignment application form.
    ii. Mineral title transfer form (deed of assignment).
     Attached to the above forms, a holder should submit in triplicates the following
    documents:
    i. Copies of License or Lease.
    ii. Evidence of previous payments. (Annual Service Fees and Royalties for
    leases) where applicable.
    iii. Certificate of Incorporation including Forms CAC2 & CAC7, Articles and
    Memorandum of the Association.
    iv. A Memorandum of Understanding/Agreement.
    v. Progress report of the previous activities.
     A transferee should also submit in triplicates the following documents:
    i. Copies of Certificate of incorporation including Forms CAC2&CAC7,
    Articles and memorandum of the Association.
    ii. Attestation of Non-conviction of criminal offences.
    iii. Evidence of technical competence. Through:
     CV and credentials of Mining Engineer or Geoscientist with COMEG
    registration certificate (at least one competent technical supervisor
    per site).
     Letter of employment and that of acceptance by the employee.
     Three months pay slip or sworn affidavit.
    iv. Evidence of financial capability. By way of:
     Statement of account showing sufficient working capital.
     Original copy of reference letter from the Bank confirming adequate
    net worth and credit facility.
    v. Approved expatriate quotas for foreign firm (transferred).
    vi. Company’s profile of transferee.
    vii. Assignment/Transfer:
    a. application/processing fees – N250,000.00
    b. Transfer/Assignment fees: per cadastral unit
    i. Quarry Lease - N500, 000.00
    ii. Exploration Licence - N20, 000.00
    iii. Small Scale Mining Lease - N 250,000.00
    iv. Mining Lease - N500, 000.00

     Any other information as the Mining Cadastre Office requires or prescribed.

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