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Nigerian Mg Sector Review (2015) LEGAL & REGULATORY FRAMEWORK Relevant Policy Statutes • Merals and Mg Act No. 20 of 2007 (the MMA): The Act is the prcipal legislation that regulates the Nigerian mg sector. The Act vests the control, regulation and ownership of all meral resources the Federal Government of Nigeria (FGN).

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DMR - Department of Meral Resources

The Department of Meral Resources aims to formulate and implement policy to ensure optimum use of the country’s meral resources. With Citibank estimatg 2010 that South Africa had R2,5 trillion worth of meral reserves, it is clear that the mg dustry is crucial the war agast poverty and underdevelopment South Africa.

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