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 Columbite.
There is no available data on the volume of columbite deposit in Nigeria. They are known to occure in the following states Plateau, Kano, Kaduna, Bauchi, Kogi, Kwaara and Nasarawa States. Because of the numerous uses of Columbite, there is steady and increasing demand for the product.
Columbite, also called niobite, niobite-tantalite and columbate [(Fe, Mn)Nb2O6], is a black mineral group that is an ore of niobium. It has a submetallic luster and a high density and is a niobate of iron and manganese.
Columbite has the same composition and crystal symmetry (orthorombic) as tantalite. In fact, the two are often grouped together as a semi-singular mineral series called columbite-tantalite or coltan in many mineral guides. However, tantalite has a much greater specific gravity than columbite, more than 8.0 compared to columbite’s 5.2.
Columbite is also very similar to tapiolite. Those minerals have same chemical composition but different crystal symmetry: orthorhombic for columbite and tetragonal for tapiolite. The largest documented single crystal of columbite consisted of plates 6 millimetres (0.24 in) thick measuring 76 by 61 centimetres (30 × 24 in).
Source of columbite ore used as an alloy of steel to form weldable high speed steel for radio transmitting valves, heat sensitive detective devices called barometer, for jet engines and other aircraft components.
The business involves the sourcing of Columbite, milling and packaging same for export.
The commodity would be packaged in rakes of 50/80/100 KG depending on buyer requirement. Delivery would be FOB, Free on Board. The investor would load the goods on board the ship nominated by the buyer and clear the goods for export.
Coltan or Columbite Tantalite is used primarily for the production of tantalum capacitors, used in many electronic devices.
It is also used in high temperature alloys for air and land based turbines. The upsurge in electronic products over the past decade resulted in a peak in late 2000 with inflated high demand and price increases for the mineral which lasted a few months. In 2005 the price was still down at early 2000 levels.
Columbite and Tantalite are ores used to produce the elements niobium and tantalum. Columbite and tantalite are collectively known as coltan in Africa. Tantalum is a valuable rare element used in electronics manufacturing. In Nigeria, pegmatite deposits of coltan are frequently also the source of several precious and semi-precious stones such as beryl, aquamarine, and tourmaline. These pegmatites are found in Nassarawa State near the Jos Plateau, as well as in several areas in southeast Nigeria.
The electronics industry is by far the largest consumer of tantalum (up to 60%) followed by the telecommunications industry which accounts for approximately 18% of demand units.
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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 milling, packaging and export of columbite ore in Nigeria by clicking on the link below.
Report Title: COLUMBITE ORE MILLING AND EXPORT IN NIGERIA; THE FEASIBILITY REPORT.
Report Code: FORA/2013/020
Columbite Ore Mining in Nigeria
Report Title: COLUMBITE ORE MINING AND PROCESSING IN NIGERIA, THE PRE-FEASIBILITY REPORT.
Report Code: FORA/05564-807/2015/COLUMBITEOREMININGINNIGERIA/10821082
Columbite Ore Export in Nigeria
Report Title: COLUMBITE EXPORT IN NIGERIA; THE FEASIBILITY REPORT.
Report Code: FORA/08/2011/044
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