Mining And Quarrying

INVESTMENT OPPORTUNITY IN THE SOLID MINERALS SECTOR IN NIGERIA.

For a nation that wants to develop her economy, it must look inwards to identify areas where it has comparative advantage over other nation and efforts should be geared towards the development of the identified areas.

Apart from the hydrocarbon {crude oil} deposit which is Nigeria is well blessed with, the country also have comparative advantage in the solid minerals sector owning to the large deposit of mineral deposit in the different parts of the country and if the Nation is to develop and attain her vision of 2020 target, more efforts should be geared towards the development of the solid mineral sector of the Nigeria economy.

There is no doubt that Nigeria is blessed with so many mineral deposits. As at the last count, the federal ministry of mines and steel development have found over five hundred{500} location of mineral deposit in the country and identify Nine {9} that they would want to concentrate on and promote and these include Iron ore,Coal,Tin Ore,Bitumen,Gold,Columbite-Tantalite, Lead/zinc,Wolframite and industrial minerals .

Apart from these minerals, Nigeria is also blessed with different types of gemstones. Gemstone mining has boomed in various parts of Plateau, Kaduna and Bauchi States for years. Some of these gemstones include Sapphire, Ruby, Aquamarine, Emerald, Tourmaline, Topaz, Garnet, Amethyst; Zircon, and Flourspar which are among the world’s best. Good prospects exist in this area for viable investments.

However, the availability and distribution of these minerals is not the subject matter of this article but the seemly lack of information on the investment opportunities available in this sector.

Nigeria lies approximately between latitudes 4°N and 14°N, and between longitudes 3°E and 15°E. Nigeria has an estimated current population of about 140 million, making it the most populous country in Africa and the tenth most populous in the world.

The country as estimated national population growth rate of 5.7% per annum ,an average economic growth rate of 3.5% per annum in the past five {5} years.

Nigeria has a long, but discontinuous history of mining and the country was a prominent exporter of tin, columbite and coal. Mining is administered through the Ministry of Mines and Steel Development, which is promoting private-sector led development and with Nigeria Minerals and Mining Act of 2007.

Mineral Estimated Reserve and Location

Coal :Nigerian Coal is one of the most bituminous in the world owing to its low sulphur and ash content and therefore the most environment friendly. There are nearly 3.00 billion tonnes of indicated reserves in 17 identified coalfields and over 600 million tonnes of proven reserves.

Coal can be found in Enugu and Kogi States.

Kaolin : An estimated reserve of 3 billion tonnes of good kaolinific clays has been identified.

It has been discovered in almost all the state. Nigeria Kaolin Company has it mining site in Bokkos, Plateau State.

Bentonite and Baryte Ore : These are the main constituents of the mud used in the drilling of all types of oil wells. The Nigerian baryte had specific gravity of about 4.3. Over 7.5 million tonnes of baryte have been identified in Taraba and Bauchi States. Large bentonite reserves of 700 million tonnes are available in many states of the Federafion ready for massive development and exploitation.

Lead/Zinc : An estimated 10 million tonnes of lead/zinc veins are spread over eight States of Nigeria. They have been discorved in Plateau,Bauchi,Gombe,Nassarrawa,Ebonyi amongst other states of the federation.

Tantalite : 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. Grades of well over 50% Ta2O5 are found. Private investors are ‘invited to stake concessions for the development and loitafion of tantalite in these areas.

Gypsum : Gypsum is an important important for the production of cement. It is also used for the production of Plaster of Paris (P0P) and classroom chalk, etc. A strategy for large-scale mining gypsum used in the cement industries is urgently required to sustain existing plants and meet future expansion. Current cement production is put at 8 million tonnes per annum while the national requirement is 9.6 million tonnes. About one billion tones of gypsum deposits are spread over many sites in Nigeria.

Rock Salt : The national demand for table salt, caustic soda, chlorine, sodium bicarbonate, sodium hypochloric acid and hydrogen peroxide exceeds one million tonnes. A colossal amount of money is expended annually to import these chemicals by various companies including tanneries, food beverages, paper and pulp, bottling and other industries including the oil companies. There are salt springs at Awe (Plateau State) and Uburu (Imo State), while rock salt is available in Benue State. A total reserve of 1.5 billion tonnes has been indicated, and further investigations are now being carried out by government to ascertain the quantum of reserves.

Gold : There are proven reserves of both alluvial and primary deposits of gold with proven reserves in the schist belt covering the western half of Nigeria. At present exploitation of alluvial deposits is being carried out mostly by artisan miners in a few places in the country. A number of primary deposits, which are sufficiently big for large scale mechanized, mining, have been identified in the northwest and southwest parts of the country. Private investors are invited to stake concessions on these primary deposits. It is interesting to note that the primary deposits are of relatively high grade and at shallow depth. Proven deposits have been discorved in Osun, Kwara amongst other states.

Bitumen : The occurrence of Bitumen deposits in Nigeria is indicated at about 42 billion tonnes almost as twice the amount of existing reserves of crude petroleum. When fully developed, the industry will no doubt meet local requirements for road construction and also become a foreign exchange earner for the country.

Iron Ore : There are over 3 billion tonnes of iron ore found in Kogi, Enugu, Niger, Zamfara and Kaduna States. Iron is currently being mined at Itakpe (Kogi State), which is more or less at the center of the region of crystalline iron deposits. The large deposit of oolific iron ores of Kogi and Enugu States are yet to be fully explored. Itakpe iron ore is being beneficiated to 67% Fe.

Talc : An estimated reserve of over 100 million tones of talc has been obtained in Niger, Osun, Kogi, Kwara, Ogun, Taraba and Kaduna States. There are only two medium size talc processing plants currently operating in Nigeria and both are located in Niger State. The colour of the Nigerian talc varies from white through milky-white to grey The talc industry represents one of the most versatile sectors of the industrial minerals of the world. The exploitation of the vast talc deposits in Nigeria would therefore satisfy not only local demands but also that of the international market as well.

Limestone : An estimated reserve of 2.3 trillion tones has been discovered. The product can be found in the following states Kogi, Ogun, Cross River, and Sokoto amongst other location.

Granite : The granite deposit in Nigeria is estimated to be in billions of metric tons. They found in Ogun, Oyo, Osun, Ondo, Plateau, Cross River and most other states of the federation.

Diatomite : Over 200,000 tones deposit of the product has been found in Borno state.

Lignite : Lignite deposits of 72 million tons have been discorved in Delta state.

The above gives the profiles of solid minerals deposits in Nigeria.

The solid minerals sector contributes less than 1% to the Gross Domestic Product {GDP} of the country, due to the influence of its vast oil resources. The domestic mining industry is underdeveloped, leading to Nigeria having to import minerals that it could produce domestically, such as salt.

Organized mining began in 1903 in Nigeria when the Mineral Survey of the Northern Protectorates was created by the British colonial government. A year later, the Mineral Survey of the Southern Protectorates was founded. By the 1940s, Nigeria was a major producer of tin, columbite, and coal.

In the past in the solid mineral sector was dominated by Government and at such the discovery of oil in 1956 hurt the mineral extraction industries, as government and industry both began to focus on this new resource. The Nigerian Civil War in the late 1960s led many expatriate mining experts to leave the country.

Before the advent of the current democratic dispensation in Nigeria, some of the problems which the industry faced after the crash are stated below

? Lack of Information:

This is by far the single largest factor why investment in the solid mineral sector in Nigeria was low because like it has been noted, the industry was controlled by state-owned corporation and at such not much information was let out to investors. Interested investors do not have enough geological data confirming the availability and distribution of minerals up until the recent enactment of the Nigeria minerals and mining act of 2007 which created the mining cadastre system in mineral title administration.

Illiteracy on the part of local miners have cost the industry a lot has the miners do not appreciate the benefits of conducting survey on the mining site in order to determine the deposit of the ore before investing, hence when it turns out the ore can not be extracted at an economic sense, the miner are already far deep into mining thereby leading to lots of loss.

? Lack of Technical Know-How:

Closely related to the problem of lack of information is lack of technical know-how. Though mining in Nigeria started long before the independence of the country in 1960, The Nigerian Civil War in the late 1960s led many expatriate mining experts to leave the country thus affecting the availability of manpower with the right technical know-how.

However, over the years the country has been able to build a large community of young skilled geoscientists and engineers that can handle large scale mining operations easily.

? Lack of Mining and Processing Facilities:

Mineral processing, otherwise known as mineral dressing, is the practice of beneficiating valuable minerals from their ores. Industrial mineral treatment processes usually combine a number of unit operations in order to liberate and separate minerals by exploiting the differences in physical properties of the different minerals that make up an ore.

Mineral processing involves four general types of operations which include comminution or particle size reduction, sizing or separation of particle sizes by screening or classification, concentration by taking advantage of physical and surface chemical properties, and dewatering or solid/liquid separation.

The supply of industrial mining and processing facility in Nigeria is in short supply, except in quarry site where modern industrial mining and processing facilities are used, most of the mines in Nigeria are operated with the use of crude implement which leads to low output and eventual selling to the product at give away price because of the lack of processing facility to add vale to the product.

? Lack of Access to Fund:

Because of the unstable nature of the macro-economy of the country in the past , illiteracy of most miners amongst other reasons ,financial institutions do not advance funds to miners even when they have a proven deposit of mineral from the geological survey of the site.

The attitude of miners in the past and the disorganized nature of there business has not helped matters either thereby leading to lack of funds to mechanize the operations of the mines in Nigeria.

However with enactment of the Nigeria Minerals and Mining Act of 2007 which is based on international best practices and modeled after successful mining jurisdiction to secure tenure of title, create competition on mining tile on a first come,first serve basis and with the advances made in the banking sector on the Nigeria has lead a lot of Nigeria bank to be looking in the direction of the sector again. Investors with good business plan can now seek for funds.

Also the government has provided funds for small and medium scale miners/mining Company to access.

? Government Policy Direction:

Chief amongst all the problems militating against the development of the solid minerals industry in Nigeria in the past was the lack of good policy for the industry .The 1999 minerals and mining act created cumbersome mining license application processes, opaque and inefficient licensing procedures leading to speculative title holding and jurisdictional conflicts between federal and state government.

This scenario has therefore created lots of investment opportunities for savvy investors to make huge profits from the sector.

Some of the areas where investors can invest and make good returns on investment are listed below

? Mineral Prospecting and Mining:

The business of mineral prospecting is still at the infant level and needs lots of investments.

There are two options available to a company or an individual to enter into the mining industry in Nigeria. Through the acquisition of an existing mining property from the original owner. Approval must be obtained from the Ministry of Solid Minerals Development for such a purchase and by obtaining on application.

With the mineral deposit potential of Nigeria, the solid mineral sector has the potential to be the next frontier of large foreign direct investment in the next couple of years going by present happenings.

The establishment is large mechanized mines in the country would surely be profitable.

? Processing:

Great investment opportunities exist in the processing of minerals in Nigeria. Through one way or the other, all mineral can be processed in order to get value addition. Few processing plant, exist in the country.

The lack of processing facilities in Nigeria has lead to a situation whereby products are being sold at give away price.

?Equipment Sales and Rental:

Some mining equipment manufacturers are now opening offices in Nigeria after realizing the market potential and the mineral deposit in Nigeria. A lot of opportunities exist in this sector because the growing middle class in Nigeria who has realized the potentials in the sector tends to prefer using modern mining equipment and the sales/rental of this equipment is good business in Nigeria.

? Mineral Ore Sales:

The market for mineral is both local and international. The international market which is mostly controlled by China is large, expanding and sustainable because of the numerous uses of the ores.

An investor that is able to secure a contract at the right price would have an uphill task meeting the demands of the buyer because output from the mines in the country is low due to the use of crude implement.

? Consultancy:

Opportunities exist for professionals who has acquired one skilled or the other that is relevant in the solid minerals industry to make good money by rendering such service. Services like geological survey, preparation of feasibility study, securing mining site and license, equipment procurement and securing export contract amongst others can be rendered in the industry.

To take advantage of these great investment opportunities in Nigeria, intending investors would have to obtain a mining lease in Nigeria. Like it has already been said, there are two options available to a company or an individual to enter into the mining industry in Nigeria. At this stage, it is assumed that the investor has a registered company .Registration is done at Corporate Affairs Commission of Nigeria.

Mines can be acquired through the acquisition of an existing mining property from the original owner. Approval must be obtained from the Ministry of Solid Minerals Development for such a purchase.

By obtaining on application, an investor would have to apply for an Entry permit into the mining sector .The license is for life and the documents required for these is stated below

Statement of financial capability

Statement of technical capability

Proof of statutory existence of company

Payment of prescribed fee

To obtain a prospecting right/license which is renewable every year, the documents required is stated below

Certificate of entry into mining

Payment of prescribed fee

To obtain exclusive prospecting right/license (for area up to, but not exceeding 20.27 km2) that requires renewal depending on remaining reserves, the investor would have to present the following documents

Certificate of entry into mining

Extant of Prospecting Right

Payment of prescribed fee

Special Exclusive Prospecting License (SEPL) is usually granted for areas greater than 20.72 27 km2 and difficult terrain) with the documents required.

Mining Lease (gives right to mine specified land area 80 hectares)

Possessions of a Prospecting Right, Exclusive Prospecting License or Special Exclusive License are some of the documents required to obtain a mining lease.

Submission of a plan of the prospecting done, a schedule of the mineral value found and a statement of ore reserves. Submission of an environmental impact assessment and protection plan. The license is usually renewable every 21 years depending on remaining reserves.

Special mining Lease for an area larger than 80 hectares also require same documents.

Incentives of investing in this sector include

3-5 years Tax Holiday

Deferred royalty payments

Possible capitalization of expenditure on exploration and surveys

Extension of infrastructure such as roads and electricity to mining sites, and provision of 100% foreign ownership of mining concerns

Though there are challenges in the solid minerals sector in Nigeria, great return on investment awaits any investor that is ready, willing and able to invest in these sector.

Get our market research report on the following related topics by clicking on any of the titles below

1. GOLD ROCK EXPORT IN NIGERIA: THE FEASIBILITY REPORT.

2. LEAD ORE EXPORT IN NIGERIA; THE FEASIBILITY REPORT.

3. ZINC ORE EXPORT IN NIGERIA; THE FEASIBILITY REPORT.

4. TIN ORE { CASSITERITE } EXPORT IN NIGERIA; THE FEASIBILITY REPORT.

5. TANTALITE ORE EXPORT IN NIGERIA; THE FEASIBILITY REPORT.

6. NIOBIUM ORE EXPORT IN NIGERIA; THE FEASIBILITY REPORT

7. MUSCOVITE MICA SHEET EXPORT IN NIGERIA; THE FEASIBILITY REPORT.

8. COLUMBITE EXPORT IN NIGERIA; THE FEASIBILITY REPORT.

9. COPPER ORE EXPORT IN NIGERIA; THE FEASIBILITY REPORT.

10. FEASIBILITY REPORT ON THE EXPORT OF LITHIUM ORE IN NIGERIA

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365 Campaigner is a complete suite of social collaboration, communication and management tools for your team.

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365 Campaign is the one stop shop for digital marketing solutions for businesses, politicians, religious organizations and individuals. Visit www.365campaigner.com for more information.
————————————————————————————————————————————————————–
At Foraminifera Market Research {www.foramfera.com}, we provide bespoke and up to date market research reports for start-ups and those already in business.

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.

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

Office Phone Number: 01- 295 24 13 {Monday – Saturday; 8 am – 5 pm}

Mobile Number: +234 {0} 8033782777; + 234 (0) 908 335 7733 {Monday – Saturday; 8 am – 6 pm}

E-Mail Address: enquiries@foramfera.com

CC: foraminiferamarketresearch@yahoo.com

Office Address:

61-65 Egbe- Isolo Road,

Iyana Ejigbo Shopping Arcade,

Block C, Suite 39,

Iyana Ejigbo Bus Stop,

Ejigbo, Lagos.

HOW TO SETUP A GRANITE QUARRY IN NIGERIA

For a nation that wants to develop her economy, it must look inwards to identify areas where it has comparative advantage over other nation and efforts should be geared towards the development of the identified areas.

Apart from the hydrocarbon {crude oil} deposit which is Nigeria is well blessed with, the country also have comparative advantage in the solid minerals sector owning to the large deposit of mineral deposit in the different parts of the country and if the Nation is to develop and attain her vision of 2020 target, more efforts should be geared towards the development of the solid mineral sector of the Nigeria economy.

As at the last count, the Ministry of Mines and Steel Development have discovered about 33 commercially available industrial mineral in Nigeria and granite is one of such industrial mineral. The granite deposit in Nigeria is estimated to be in billions of metric tons.

The earth crust is filled with different types of rock which ranges from igneous, sedimentary and metamorphic rocks. Granite is an igneous rock formed from the cooling of magma in an exothermic process. Granite popularly known as chippings /gravel is a very hard stone good for building and construction works globally. It is a common and widely occurring type of intrusive felsic, igneous rock. It has a medium to coarse texture occasionally with some individual crystals larger than the groundmass forming a rock known as porphyry. It can be pink to dark gray or even black depending on their chemistry and mineralogy.

Granite is a hard, usually grey, stone used for building and the most common rock type on the continental land masses. It is widely distributed throughout the continental crust of the earth and is the most abundant basement rock that underlies the relatively thin sedimentary veneer of the continents.

Nigeria is richly endowed with granite stone and other related solid minerals like Marble, Dolomite and Basalt etc. It is found in Enugu, Ebonyi, Kogi, Plateau, Ogun, Oyo, Osun and Ekiti etc. Hence, granite is among the most available and affordable building material. Nigeria been a country located in the tropics has these rocks in commercial quantity and it is a means of livelihood for many in some parts of the country.

In the past, it was mined manually but now there are sophisticated equipment that make quarrying very easy. Lagos as a cosmopolitan city developing by the day cannot do without granite. There is high demand for the product in Lagos, Ibadan, Abeokuta and other surrounding cities. The product is equally needed in other parts of the country.

Lagos is not an igneous environment where granite could be found, all the real estate developers, contractors and Civil Engineering and Construction companies gets their granite need from nearby towns.

Its hard nature made it a very suitable and durable material for most Civil Engineering and Construction works. It is used in various ways as in;

Road Construction and Dimensional stones

Building of Houses, Bridges and Drainages

Manufacture of Marbles and Flooring Tiles

Production of cement blocks

Interior Decorations

Art works (Antiquities) etc.

The Market:

In 2004, the total production was about 15 million tones whereas the demand was 16.2 million tons leaves a supply gap of 1.2 million tons. The market is vast even to the international level. That is, the product could be sold locally or exported out of the country with over 200% return. Granite business is one that can be done by people of all class. The business could be done in large scale and small scale as the investor financial strength is. And as I said earlier, Lagos is one of the fastest developing cities in Nigeria with lots of building and construction works done daily but Lagos does not have granite so all the ones consumed in Lagos comes from the nearby towns.

The market is stratified into three {3} namely, large scale, medium and small scale .

LARGE SCALE: A QUARRY OWNER:

An investor would require millions naira to start and operate a quarry .The actual cost would be based on the scale the investor wants to start the business. The cost of the machinery required for the crushing of the granite which make up between 60-70 % of the cost of the establishing the business is based on the three {3} factors which are the input of granite,the output of the granite and the capacity of the machine required. The investor would need acquire/lease a rocky land for a period of 1-5 years and site a quarry for the manufacture of granite for sale to developers or to be used as raw material for the production of flooring tiles, marbles and antiquities etc. After leasing the rocky land, the investor will then have to purchase heavy quarrying equipments like; The Crusher, Excavator, Payloader, Waybridge, Dumper, Carriage trucks (10-40 tons capacity) etc.

It is advisable to import the equipment from USA, Europe or China as the locally made ones are of very low quality, thus not reliable.

The investor can choose to lease a complete quarry that has been poorly managed with all the equipment intact. The next thing is technical expertise, the technical know-how aspect is very important because this is the key to success in this business. You either engage the services of Chinese or a Nigerian.

Further more, after fixing the technical and mechanical need of the business, another thing is Effective and Efficient management of the Man, Machine and Material to achieve result (profit making). Thus, the need for a business and or management expert that can make things happen. Note that no matter how good your production, machines & staffs are, without a good marketing structure, the business will fail.

As a quarry owner, you could sell to agents and suppliers or directly to the final user.

MEDIUM SCALE OPERATOR:

As A medium scale investor,the investor buys from the quarry owners and sells to the final users who may be real estate developers, contractors, civil engineers and resellers etc. A good supplier could be lucky to buy on credit from the quarry owners or agents and payback after he/she has supplied and collected money. This could be achieved through good business relationship and integrity.

SMALL SCALE OPERATOR:

This does not require any capital to begin; all you need is the ability to market the product by moving around major cities like Lagos and informing developers, contractors etc that you can supply them granite for their building and construction work. And immediately you secure a deal to supply, you run to a registered supplier who will provide the goods and you take your commission. The commission is usually based on your negotiations with the buyer and the supplier.

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 how to establish and run a quarry plant in Nigeria by clicking on the link below.

Report Title: HOW TO ESTABLISH A QUARRY PLANT IN NIGERIA; THE FEASIBILITY REPORT.

Report Code: FORA/2013/0804

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365 Campaigner is a complete suite of social collaboration, communication and management tools for your team.

From List building solution to event announcement and CRM, 365 Campaigner provides everything you need to boost sales, step up productivity and manage all day-to-day activities. Tightly integrated.

365 Campaign is the one stop shop for digital marketing solutions for businesses, politicians, religious organizations and individuals. Visit www.365campaigner.com for more information.
————————————————————————————————————————————————————–
At Foraminifera Market Research {www.foramfera.com}, we provide bespoke and up to date market research reports for start-ups and those already in business.

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.

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

Office Phone Number: 01- 295 24 13 {Monday – Saturday; 8 am – 5 pm}

Mobile Number: +234 {0} 8033782777 ; + 234 (0) 908 335 7733 {Monday – Saturday; 8 am – 6 pm}

E-Mail Address: enquiries@foramfera.com

CC: foraminiferamarketresearch@yahoo.com

Office Address:

61-65 Egbe- Isolo Road,

Iyana Ejigbo Shopping Arcade,

Block C, Suite 39,

Iyana Ejigbo Bus Stop,

Ejigbo, Lagos.

INVESTMENT OPPORTUNITIES IN BITUMEN EXPLOITATION AND EXPLORATION IN NIGERIA.

Bitumen is a mixture of organic liquids that are highly viscous, black, sticky, entirely soluble in carbon disulfide, and composed primarily of highly condensed polycyclic aromatic hydrocarbons.

Naturally occurring or crude bitumen is a sticky, tar-like form of petroleum which is so thick and heavy that it must be heated or diluted before it will flow. At room temperature, it has a consistency much like cold molasses. Refined bitumen is the residual (bottom) fraction obtained by fractional distillation of crude oil. It is the heaviest fraction and the one with the highest boiling point, boiling at 525 °C (977 °F). It can also be refined to produce commercial products such as gasoline, fuel oil and asphalt.

The Nigerian bitumen deposit put at 42.74 billion metric tons is the second largest in the world and was first discovered in 1900. It covers 120 kilometres costal belts of Lagos, Ogun, Ondo and Edo States.

The occurrence of Bitumen deposits in Nigeria is twice the amount of existing reserves of crude petroleum. When fully developed, the industry will no doubt meet local requirements for road construction and also become a foreign exchange earner for the country.

The mining of minerals in Nigeria accounts for only 0.3% of its GDP, due to the influence of its vast oil resources. The domestic mining industry is underdeveloped, leading to Nigeria having to import minerals that it could produce domestically, such as salt or iron ore. Rights to ownership of mineral resources is held by the Nigerian government, which grants titles to organizations to explore, mine, and sell mineral resources.

Economic returns from bitumen exploitation include capital gains and contribution to road maintenance. Presently, Nigeria, which has 59,892 km of paved roads with an additional 1,194 km of dual carriageway, the longest in Africa, spends an estimated N 2,000,000,000 {two billion naira} annually on importation of asphalt, a bitumen derivative.

Should you require a detailed feasibility / country report on the subject matter, please do contact us using any of the means below

————————————————————————————————————————————————————
365 Campaigner is a complete suite of social collaboration, communication and management tools for your team.

From List building solution to event announcement and CRM, 365 Campaigner provides everything you need to boost sales, step up productivity and manage all day-to-day activities. Tightly integrated.

365 Campaign is the one stop shop for digital marketing solutions for businesses, politicians, religious organizations and individuals. Visit www.365campaigner.com for more information.
————————————————————————————————————————————————————–
At Foraminifera Market Research {www.foramfera.com}, we provide bespoke and up to date market research reports for start-ups and those already in business.

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.

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

Office Phone Number: 01- 295 24 13 {Monday – Saturday; 8 am – 5 pm}

Mobile Number: +234 {0} 8033782777; + 234 (0) 908 335 7733 {Monday – Saturday; 8 am – 6 pm}

E-Mail Address: enquiries@foramfera.com

CC: foraminiferamarketresearch@yahoo.com

Office Address:

61-65 Egbe- Isolo Road,

Iyana Ejigbo Shopping Arcade,

Block C, Suite 39,

Iyana Ejigbo Bus Stop,

Ejigbo, Lagos.

BARITE ORE MILLING AND PACKAGING; NON METALLIC SOLID MINERAL PROCESSING SERIES.

The mining of minerals in Nigeria accounts for only 0.3% of its GDP, due to the influence of its vast oil resources. The domestic mining industry is underdeveloped, leading to Nigeria having to import minerals that it could produce domestically, such as salt or iron ore. Rights to ownership of mineral resources is held by the Nigerian government, which grants titles to organizations to explore, mine, and sell mineral resources.

About 34 minerals deposits have been identified in Nigeria and one of such is barite ore. Barite has many applications; the most significant of it is its usage by the oil companies when drilling for crude oil or petroleum. Other importance of Barites are highlighted below

• Used in the manufacturing of drilling mud without which petroleum prospecting will be impossible. In fact, the demand for Baryte by the oil companies is more than the demand for water by human beings but the supply is very low because only a very few individuals are aware of this business opportunity.

• Used by chemical industries in the manufacturing of Barium compounds such as chloride, nitrate, carbonate, and hydrate e.t.c.

• Used in paper and plastics productions

• Used by textiles industries as weighting materials

• It is also used metallurgical industries for Brass melting e.t.c.

• Also used in manufacturing glass, paints e.t.c

Because of the numerous uses of barite ore, there is steady and increasing demand for the product.

The quality of barite is measured based on the specific gravity {S.G} of the product and a specific gravity of 4.2 and above is generally preferred.

Technological developments in petroleum exploration, introduction of 3D seismic surveying techniques and new drilling techniques had resulted in reduction in barites demand in well drilling. However with increase in number of active rigs and drill rig count in Africa, Europe, Asia, Canada, Russia, India etc. the demand for barites would increase.

With growth in other industries in future, the overall demand for barites would increase.

The major raw material required for the production is barite ore. Nigeria has an estimated reserve of over two million {2,000,000} metric tons of barite ore scattered in different parts of the country to include Benue, Nassarrawa, Plateau and Cross River states.

Baryte occurs and has been mined at the following locations in large quantity.

Nasarawa State : Keana, Kuduku, Aloshi all at Keana local government area of Nassarawa state.

Plateau State: Yelwan Shendam LGA

Benue State: Gboko, and Gbande

Cross Rivers State: Obubra LGA, Ikom LGA, Akpet central, Ogoja LGA.

Taraba state: Serikinkudu Akire LGA

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365 Campaigner is a complete suite of social collaboration, communication and management tools for your team.

From List building solution to event announcement and CRM, 365 Campaigner provides everything you need to boost sales, step up productivity and manage all day-to-day activities. Tightly integrated.

365 Campaign is the one stop shop for digital marketing solutions for businesses, politicians, religious organizations and individuals. Visit www.365campaigner.com for more information.
————————————————————————————————————————————————————–
At Foraminifera Market Research {www.foramfera.com}, we provide bespoke and up to date market research reports for start-ups and those already in business.

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 any of our detailed feasibility report on barite ore mining, mining and trading in Nigeria by clicking on any of the links below.

Report Title: BARITE ORE MINING IN NIGERIA; THE PRE- FEASIBILITY REPORT.

Report Code: FORA/05564-807/2015/BARITEOREMININGINNIGERIA/10828210

Report Title: BARITE ORE PROCESSING IN NIGERIA; THE FEASIBILITY REPORT.

Report Code: FORA/2013/001

Report Title: BARITE ORE TRADING IN NIGERIA; THE FEASIBILITY REPORT.

Report Code: FOR A/08/2011/11

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Block C, Suite 39,

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