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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 1999. Historically, Nigeria's mining industry was monopolized by state-owned public corporations.
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The mineral deposit in Nigeria are proven reserves in 33 types of minerals in over 400 locations, this includes minerals such as Tourmaline, Cabochon, Limestone, Feldspar, Tantalite, Coal, etc. Small-scale mining is an important part of the Nigerian mining sector.
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