Mining And Quarrying

ALUMINIUM AND STEEL CONSUMPTION IN NIGERIA; CRITICAL TO NIGERIANS ECONOMIC DEVELOPMENT.

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, Steel, 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 consumption rate of Steel and other Metals products is regarded as a major index of industrialization of a nation. By that yardstick, when compared with even some developing nations, Nigeria is lagging far behind in industrial development.

By the current estimate, the annual per capita consumption of Steel and Aluminium in Nigeria are about 10kg and 0.3kg respectively while the corresponding world average in respect of the two metals are 130kg and 5kg respectively. In Apparent Steel Consumption (ASC), Nigeria is lagging behind when compared with even countries like Algeria with 42kg/capita, Egypt with 36 38kg/capita, and Zimbabwe with 25kg/capita.

This is an indication that Nigeria with an estimated population of over 140 million has a large room and huge potential domestic market that can sustain rapid growth in the metals and related product sector.

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 aluminium and steel products with a production target of 500,000 tonnes per year of primary aluminium and 12 million tonnes per year of steel products targeted by the year 2020.

Given the versatility of aluminium and steel as an industrial material, it has high potential linkage effects in Nigeria’s economy.

While export orientation of Aluminium Smelter Company of Nigeria (ALSCON) is very relevant, it is recognized that the long-term viability would largely depend upon accelerated and orderly growth of domestic consumption of its products.

In fact from the point of view of value addition, it is the downstream industries that should be encouraged to export, after satisfying domestic market, so as to enhance the foreign exchange earning of the Country.

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Foraminifera Market Research Limited (www.foramfera.com) is part of a family of businesses, which includes several brands such as

Hausworth Nigeria Limited owners of

365 Home Improvement — www.365homeimprovement.com (Nigeria’s One Stop Home Improvement Portal)
365 Property Portal — www.365propertyportal.com (Property listing, building materials sales and movers in Nigeria)

Kyneli Business Support Services owners of

www.365campaigner.com

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.

365 Campaign is the one stop shop for digital marketing solutions for businesses, politicians, religious organizations and individuals.
———————————————————————————————————————

At Foraminifera Market Research (www.foramfera.com), we provide bespoke and up to date market research reports. 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.

Access our other Market Research Reports or investment opportunities in Nigeria by clicking on the link below

MARKET RESEARCH REPORTS IN NIGERIA
INVESTMENT OPPORTUNITIES IN NIGERIA

Do you require a business plan or feasibility report 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 TRADING IN NIGERIA; HOW VIABLE?

Baryte is one of the important components used in the manufacturing of drilling mud or fluid used in the oil industries when prospecting for petroleum. It is a naturally occurring geological material which is wide spread in large quantity at various locations in Nigeria.

The name barites is derived from the Greek baryos meaning heavy or heavy spar, barite can occur in numerous colours; white, brown, yellow, red and gray are most common. The colours are the result of impurities such as iron, strontium and lead, and mineral contaminants such as clay and sand. Barite is insoluble in water and is resistant to acid attack.

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.

Rising global energy demand and the high price of crude oil in the international market continues to fuel the discovery and development of oil fields across the world.

In Nigeria, the nation’s 35.3 billion barrels reserve is expected to continue to attract investors from all over the world and with the target of producing four million {4,000,000} per day by 2020 , barite ore would continue to be in demand.

Similar investment is going on the different parts of the world to meet up with the global demand for oil which is expected to double in 2020 and it further deepens the market for 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.

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.

Barite ore though locally available used to be imported into the country until the government placed a restriction on the importation of the product in order to encourage the local industry. It is one of the projects that can be exploited by both local and international investors to the benefit of the Nigerian economy which is the cardinal objective of the Nigeria oil and gas industry content development Act.

The return on investment on the trading of barite ore is estimated between 10%- 15% per transaction cycle which can be completed within ten days.

———————————————————————————————————————
Foraminifera Market Research Limited (www.foramfera.com) is part of a family of businesses, which includes several brands such as

Hausworth Nigeria Limited owners of

365 Home Improvement — www.365homeimprovement.com (Nigeria’s One Stop Home Improvement Portal)
365 Property Portal — www.365propertyportal.com (Property listing, building materials sales and movers in Nigeria)

Kyneli Business Support Services owners of

www.365campaigner.com

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.

365 Campaign is the one stop shop for digital marketing solutions for businesses, politicians, religious organizations and individuals.
———————————————————————————————————————

At Foraminifera Market Research (www.foramfera.com), we provide bespoke and up to date market research reports. 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

Report Title: BARITE ORE MINING AND MILLING IN NIGERIA; THE FEASIBILITY REPORT.

Report Code: FORA/2013/300

Access our other Market Research Reports or investment opportunities in Nigeria by clicking on the link below

MARKET RESEARCH REPORTS IN NIGERIA
INVESTMENT OPPORTUNITIES IN NIGERIA

Do you require a business plan or feasibility report 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.

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

The Nigeria nation is blessed with abundant mineral resources; fossil fuels and solid minerals. The most popular being the fossil fuels since these constitute the nation’s greatest foreign exchange earner. They have, therefore, tended to overshadow the solid mineral sector of mining industry.

The mineral spread in Nigeria is significant with evidence of 34 different minerals distributed in Nigeria’s richly endowed geology. Though not all the mineral occurrences will ultimately have enough reserves to be of viable interest to mining companies, the Nigerian government is leaving no stone unturned in its increasingly sustained efforts to delineate and objectively demonstrate the potential and encourage investments in all.

Nigeria has excellent and very significant deposits of columbite and Foraminifera Market Research seeks to expose the investment opportunity in the export of 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.

This mineral group was first found in Haddam, USA. It forms a series with the tantalum-dominant analogue ferrotantalite and one with the manganese-dominant analogue manganocolumbite. The iron-rich member of the columbite group is ferrocolumbite. Some tin and tungsten may be present in the mineral. Yttrocolumbite is the yttrium-rich columbite with the formula (Y,U,Fe)(Nb,Ta)O4. It is a radioactive mineral found in Mozambique.

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.

There is no available data on the volume of columbite deposit in Nigeria. They are known to occur in the following states Plateau, Kano, Kaduna, Bauchi, Kogi, Kwara and Nasarawa States.

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.

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

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Foraminifera Market Research Limited (www.foramfera.com) is part of a family of businesses, which includes several brands such as

Hausworth Nigeria Limited owners of

365 Home Improvement — www.365homeimprovement.com (Nigeria’s One Stop Home Improvement Portal)
365 Property Portal — www.365propertyportal.com (Property listing, building materials sales and movers in Nigeria)

Kyneli Business Support Services owners of

www.365campaigner.com

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.

365 Campaign is the one stop shop for digital marketing solutions for businesses, politicians, religious organizations and individuals.
———————————————————————————————————————

At Foraminifera Market Research (www.foramfera.com), we provide bespoke and up to date market research reports. 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 columbite ore in Nigeria by clicking on the link below.

Report Title: COLUMBITE EXPORT IN NIGERIA; THE FEASIBILITY REPORT.

COLUMBITE ORE MILLING AND EXPORT IN NIGERIA; THE FEASIBILITY REPORT.
COLUMBITE ORE MINING AND PROCESSING IN NIGERIA, THE PRE-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.

Access our other Market Research Reports or investment opportunities in Nigeria by clicking on the link below

MARKET RESEARCH REPORTS IN NIGERIA
INVESTMENT OPPORTUNITIES IN NIGERIA

Do you require a business plan or feasibility report 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.

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

Copper is an element, reddish brown in color, having atomic number 29 and pertaining to the scientific symbol ‘Cu’. Coming from the same family of silver and gold, this element shares numerous common characteristics with those precious metals.

This element is a highly ductile and malleable element and a very good conductor of electricity. That is why it is highly used in the electrical appliances as a thermal and electrical conductor and in building wires.

It occurs in various minerals on earth and is also forms part of a lot of alloys. Copper also has characteristics that it is a creep and corrosion free metal and all of its so very useful features make it an element on which the world’s economy directly depends.

FACTS ABOUT COPPER ORE IN NIGERIA

Background: Rocks are the materials which the earth’s upper crusts are made of. Rocks are themselves composed of minerals. Minerals are naturally occurring elements like Gold, or a compound such as Iron Oxide. If a rock contains a mineral from which a metal can be extracted at a profit, it is call an Ore. For example, copper Ore.

Estimated National Deposit: Not Documented.

Export from Nigeria: Less than 2% of national reserve

Uses: Copper has been used as water-proof roofing material since ancient times, giving many old building their greenish roofs and domes. As a material in the manufacture of computer heat sinks, as a result of it’s superior heat dissipation capacity to aluminum.

The occurrence and distribution of copper ore in Nigeria is mainly in the Northern part of the country because of the peculiar geology of the area.

The market for copper ore is both local and international with china as the largest importer of metal ore in the world. Because of the various applications of lead ore, the demand would always surpass the supply.

The percentage given below denotes the % consumption of the total world’s consumption. The consumption trend is on a rise with the increasing contribution of the countries in Asia like Japan, South Korea and Taiwan.

Segment Percentage of Import
Western Europe 29%
United States of America 19%
Japan 14%
Russia 10%
China 6%

There are various factors that influence the demand and supply of copper in the world such as the technological, social and technological factors. This is the demand for copper that governs the findings of new mines and the expansion of old mines.

Only 17% of the total copper produced in the world is available for trading. The major copper exporting nations include

  • Chile
  • Indonesia
  • Canada
  • Australia

The largest copper importing countries of the world includes

  • Spain
  • China
  • Germany
  • Philippines

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

———————————————————————————————————————
Foraminifera Market Research Limited (www.foramfera.com) is part of a family of businesses, which includes several brands such as

Hausworth Nigeria Limited owners of

365 Home Improvement — www.365homeimprovement.com (Nigeria’s One Stop Home Improvement Portal)
365 Property Portal — www.365propertyportal.com (Property listing, building materials sales and movers in Nigeria)

Kyneli Business Support Services owners of

www.365campaigner.com

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.

365 Campaign is the one stop shop for digital marketing solutions for businesses, politicians, religious organizations and individuals.
———————————————————————————————————————

At Foraminifera Market Research (www.foramfera.com), we provide bespoke and up to date market research reports. 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 copper ore in Nigeria by clicking on the link below.

Report Title: COPPER ORE EXPORT IN NIGERIA, THE FEASIBILITY REPORT.

COPPER ORE MINING IN NIGERIA, THE PRE-FEASIBILITY REPORT.
COPPER ORE MILLING AND EXPORT IN NIGERIA; 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.

Access our other Market Research Reports or investment opportunities in Nigeria by clicking on the link below

MARKET RESEARCH REPORTS IN NIGERIA
INVESTMENT OPPORTUNITIES IN NIGERIA

Do you require a business plan or feasibility report 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.

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