Nigeria is endowed with numerous mineral resources. Recent policy reforms have brought the solid minerals sector to the fore. The emphasis is on encouraging massive foreign investors’ participation in this sector.
One of such minerals is gold. Gold is a chemical element with symbol Au {from Latin:aurum} and atomic number 79. Gold is a dense , soft, shiny, malleable and ductile metal.Pure gold has a bright yellow colour and luster traditionally considered attractive, which it maintains without oxidizing in air or water {Source: Wikipedia}.
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.
Some of the states where gold has been discovered in Nigeria include Osun, Kwara, Zamfara, Niger, Kaduna, Kogi, Kebbi and Katsina.
Gold, for a long time amongst precious metals, is the most popular as an investment. They have been used throughout history as money and were a relative standard for currency equivalents specific to economic regions or countries until recent times.
The price is gold in the international market have been on a steady increase and there is always a market for the commodity. This presents an opportunity for savvy investors to go into the trading and export of the commodity.
Industrial, dentistry and medical uses account for around 12% of gold demand. Gold has high thermal and electrical conductivity properties, along with a high resistance to corrosion and bacterial colonization. Jewelery and industrial demand has fluctuated over the past few years due to the steady expansion in emerging markets of middle classes aspiring to Western lifestyles, offset by the financial crisis of 2007–2010.
The return on investment in the trading and export of gold rock in Nigeria is between 10-15% depending on the quantity of gold contained in the rock sample.
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You can order our detailed feasibility report on the export of gold rock in Nigeria by clicking on the link below.
Report Title: Gold Ore Mining And Processing In Nigeria, The Feasibility Report.
The Purchase And Export Of Gold Dust, Nugget And Bar From Africa To Dubai,The Feasibility Report.
GALLSTONE EXPORT IN NIGERIA; THE FEASIBILITY REPORT.
GUM ARABIC EXPORT IN NIGERIA; THE FEASIBILITY REPORT.
HARDWOOD CHARCOAL EXPORT IN NIGERIA; THE FEASIBILITY REPORT.
COCOA BEANS TRADING AND EXPORT IN NIGERIA; THE FEASIBILITY REPORT.
HIBISCUS FLOWER EXPORT IN NIGERIA; THE FEASIBILITY REPORT.
HOW TO MAKE HUGE PROFIT SUPPLYING COWPEA {BEANS} TO LOCAL INDUSTRIES IN NIGERIA.
COLUMBITE EXPORT IN NIGERIA; THE FEASIBILITY REPORT.
RAW CASHEW NUTS EXPORT IN NIGERIA
RAW CASHEW SUPPLY TO LOCAL INDUSTRY IN NIGERIA
GROUND NUTS EXPORT IN NIGERIA; THE FEASIBILITY REPORT.
DRY SPLIT GINGER EXPORT IN NIGERIA; THE FEASIBILITY REPORT.
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