FG to award coal mining licenses to power generating firms only

The Minister of Mines and Steel Development, Kayode Fayemi, while at a stakeholders and press meeting on pre-Sustainability in the Extractive Industries (SITEI) said that licences for mining of coal for power generation had not been awarded since the emergence of the current administration, Premium Times reports.

The minister who was represented by Egghead Odewale, Technical Adviser/Chief of Staff of the Minister, said that the Federal Government had stated that coal mining licences would be issued only to companies interested in generating electricity from coal.

Mr. Fayemi said the ministry would collaborate with the Ministry of Power, Works and Housing, to ensure that coal contributed in power generation in the country. On the licensing process, he explained that once an application was filed and it did not have any legal or existing issues to the holder of the licence, it would be awarded. He added that it must, however, be for power generation.

 

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