MINISTRY OF MINES AND STEEL DEVELOPMENT
REVIEWED ROYALTY RATES FOR MINERALS PRODUCED IN NIGERIA
EFFECTIVE DATE: 1ST MAY, 2022
S/NO. MINERALS ADVALOREM APPROVED APPROVED
% MARKET VALUE ROYALTY RATE
(N) (N)
1 ANTIMONY ORE 3 100,000/T 3,000/T
2 AMETHYST 5 8,000/kg 400/Kg
3 AQUAMARINE 5 2,000/g 100/gm
4 BARYTES 5 21,000/T 1,050/T
5 BAUXITE 3 10,000/T 300/T
6 BENTONITE 5 6,000/T 300/T
7 BERYLLIUM 5 200,000/T 10,000/T
8 BISMUTH 3 3,333/T 100/T
9 BITUMEN/ TAR SAND 3 16,667/T 500/T
10 CHALCOPYRITE 3 60,000/T 1,800/T
11 CHROMITE 5 100,000/T 5,000/T
12 CLAY 5 500/T 25/T
13 COAL 3 5,000/T 150/T
14 COLUMBITE ORE 3 3,000,000/T 90,000/T
(<30% Nb2O5)
S/NO. MINERALS ADVALOREM APPROVED APPROVED
% MARKET VALUE ROYALTY RATE
(N) (N)
15 COLUMBITE CONCENTRATE 3 5,000,000/T 150,000/T
(>30% Nb2O5)
16 COPPER ORE 3 60,000/T 1,800/T
17 CORUNDUM 5 1200/g 60/g
18 CRYSTAL QUARTZ 5 2,000/kg 100/kg
19 DIATOMITE 5 50,000/T 2,500/T
20 DOLOMITE 5 2,000/T 100/T
21 EMERALD 5 10,000/g 500/g
22 FELDSPAR 5 4,000/T 200/T
23 FLOURITE 5 23,100/T 1,155/T
24 GARNET 5 120,000/kg 6,000/Kg
25 GOLD CONCENTRATE 3 540,600/Ounce 16,218/Ounce
26 GRANITE BLOCKS 5 40,000/m3 2000/m3
27 GRANITE AGGREGATES 5 3000/T 150/T
28 GRANITE DUST 5 1,500/T 75/T
29 GRAPHITE 5 40,000/T 2,000/T
30 GYPSUM 5 6,000/T 300/T
31 ILMENITE 3 16,667/T 500/T
32 INDUSTRIAL QUARTZ 5 4,000/T 200/T
33 IRON ORE 3 10,000/T 300/T
34 KAOLIN (CRUDE) 5 3000/T 150/T
S/NO. MINERALS ADVALOREM APPROVED APPROVED
% MARKET VALUE ROYALTY RATE
(N) (N)
35 KAOLIN (PULVERIZED) 5 4,000/T 200/T
36 LATERITE 5 800/T 40/T
37 LEAD/ZINC ORE 3 50,000/T 1,500/T
(<55%Pb) <30% Zn)
38 LEAD/ZINC CONCENTRATE 3 240,000/T 7,200/T
(>55%Pb), >30% Zn)
39 LIMESTONE (CRUDE) 5 1,500/T 75/T
40 LITHIUM ORE 5 95,000/T 4,750/T
41 MAGNESITE 3 6,667/T 200/T
42 MARBLE AGGREGATES 5 4,000/T 200/T
43 MARBLE BLOCKS 5 30,000/m3 1,500/m3
44 MANGANESE 3 11,667/T 350/T
45 MOLYBDENUM 3 10,333/kg 310/kg
46 MONAZITE 5 10,000/T 500/T
47 MICA 5 2000/T 100/T
48 NICKEL 5 100,000/T 5,000/T
49 PHOSPHATE 5 4,000/T 200/T
50 PYRITE 3 1,667/T 50/T
51 RUBY 5 3,000/g 150/gm
52 RUTILE 3 50,000/T 1,500/T
53 SALT 5 1,200/T 60/T
S/NO. MINERALS ADVALOREM APPROVED APPROVED
% MARKET VALUE ROYALTY RATE
(N) (N)
54 SAND 5 1000/T 50/T
55 SAPPHIRE 5 10,000/g 500/g
56 SHALE 5 600/T 30/T
57 SILICA SAND 5 2,000/T 100/T
58 SILVER ORE 3 335/gm 10/gm
59 SODA ASH/TRONA 5 20,000/T 1,000/T
60 SPODUMENE 5 95,000/T 4,750/T
61 TALC 5 4,000/T 200/T
62 TANTALITE (CRUDE) 3 6,000,000/T 180,000/T
(<30% Ta2O5)
63 TANTALITE CONCENTRATE 3 30, 000,000/T 900,000/T
(>30% Ta2O5)
64 TIN ORE 3 2,000,000/T 60,000/T
(<50%Sn)
65 TINCONCENTRATE 3 3,000,000/T 90,000/T
(>50%Sn)
66 TOPAZ 5 10,000/kg 500/Kg
67 TOURMALINE (GREEN) 5 2,000/g 100/g
68 TOURMALINE 5 3,000/g 150/g
(PINK & BLUE)
69 WOLFRAMITE 3 1667/Kg 50/Kg
70 ZIRCON 5 100,000/Kg 5,000/kg
71 ZIRCON SAND 5 10,000/T 500/T
NOTE: Implementation of the new royalty regime takes effect from 1st May, 2022.