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TANTALITE ORE EXPORT IN NIGERIA; NON-OIL EXPORT OPPORTUNITY IN NIGERIA.

The metals sector in Nigeria today is yet to reach its full potential particularly in the development and consumption of key metallic products as iron, tantalite, copper, aluminium, tin, lead, zinc etc. and in exploitation of key noble metals such as gold and silver. With the nation’s capacity, potential and resource base, all these products can readily be developed and used to jumpstart the rapid industrialization and economic growth of the economy.

The new metals policy is predicated upon the need to develop a vibrant metals sector where government will play the role of administrator-regulator with the private sector as owner-operator and would enable Nigeria become a major regional and global producer of mineral products.

One of such minerals that can be developed for the growth of the country is tantalite. 14,223 tonnes of which are found in Plateau State; is used in forming alloys that are useful in nuclear, aerospace , gas turbine engineering and Foraminifera Market Research seeks to expose the investment opportunity in the export of the product through this feasibility report.

Coltan {also columbite-tantalite and known industrially as tantalite} is a dull black metallic ore from which the elements niobium and tantalum are extracted. The niobium-dominated mineral is columbite hence the “col” half of the term. The mineral concentrates dominated by tantalum are referred to as tantalite.

Tantalite forms a series with the mineral columbite. In fact the two are often grouped together as a semi-singular mineral call columbite-tantalite in many mineral guides.

Tantalite is the most widespread tantalum mineral and makes for an important ore of the industrially useful metal. They are used in the production of tantalum based capacitors and alloys for strength and higher melting point, in glass to increase the index of refraction and in surgical steel as it is non – reactive and non-irritating to body tissue.

Tantalite’s greatest difference from columbite is it’s much greater specific gravity 8.0+ compared to columbite’s 5.2.

Large deposits of Tantalite are known to occur in Nasarawa, Gombe and Kogi States as well as the Federal Capital Territory. The deposits are both alluvial and primary in the numerous pegmatite bodies that infest these areas.

The return on investment on the export of tantalite is estimated between 10%- 15%.

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At Foraminifera Market Research {www.foramfera.com}, we provide bespoke and up to date market research reports for beginners and exporters already in the commodity export market.

Our reports are designed to assist start-ups to understand the legal and financial requirements of starting the business, the market trends vis-a-vis demand and supply, competition, risk identification and mitigation strategies.

You can order our detailed feasibility report on the export of tantalite in Nigeria by clicking on the link below.

Report Title: TANTALITE EXPORT IN NIGERIA

Report Code: FORA/08/2011/040

The feasibility report on the milling, packaging and export of tin ore in Nigeria by clicking on the link below.

Report Title: TIN ORE MILLING AND EXPORT IN NIGERIA; THE FEASIBILITY REPORT.

Report Code: FORA/2013/022

Do you require one- on- one training on the subject matter? Contact us with any of the details provided below to arrange a meeting

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