The Federal government has retained fifty four coal titles after revoking forty-four others out of a total of one hundred and nineteen initially listed for revocation.
The Mining Cadastre Office in a statement indicated that thirteen coal titles have also been relinquished while four others are still under processing stating that the revocation was based on the companies’ non-compliance with the Nigerian Minerals and Mining Act, 2007, dormancy, non-submission of statutory report and non-payment of annual service fees.
Western Goldfield Group Limited, Dome Minerals Nigeria Limited and Nifex Limited were among the top three on the list whose coal titles have been revoked.
Ashakacem Plc, NCC Okabo Mines Limited, Golden Horsefield Mining Company Limited and 51 others had their coal titles retained for submitting satisfactory reports to the regulatory body.
The statement also indicated that the coal titles that were relinquished also submitted satisfactory reports but explained that the revocation of some coal titles was as a result of unsatisfactory report submitted and inactiveness.
Some were also revoked for having defaulted and not submitting report to the regulatory body as required.
Meanwhile, the notice indicated that the four coal titles of Owkpa Consolidated Mines Limited are still under processing as a result of the unsatisfactory performance “in compliance.”