Description

The Geology of Nigeria is comparable to those of other countries where world class deposits have been found. There are over thirty-four mineral commodities spread across the entire Country.

Some of the known mineral resources include: Gold, Coal, Bitumen, Iron Ore, Tantalite/Columbite, Lead/Zinc Sulphides, Barytes, Cassiterite, Gemstones, Talc, Feldspar and Muscovite mica.

Muscovite is a phyllosilicate mineral of aluminium and potassium. It has a highly-perfect basal cleavage yielding remarkably-thin laminæ (sheets) which are often highly elastic.

Muscovite is the most common mica, found in granites, pegmatites, gneisses, and schist’s, and as a contact metamorphic rock or as a secondary mineral resulting from the alteration of topaz, feldspar, kyanite, etc. In pegmatites, it is often found in immense sheets that are commercially valuable. Muscovite is in demand for the manufacture of fireproofing and insulating materials and to some extent as a lubricant. The name of Muscovite comes from Muscovy-glass, a name formerly used for the mineral because of its use in Russia for windows.

Foraminifera Market Research through this feasibility seeks to expose the investment opportunity in the export of the commodity in Nigeria.

Muscovite is in demand for the manufacture of fireproofing and insulating materials and to some extent as a lubricant. The demand for the commodity is strong and growing.

The return on investment in the export of Muscovite mica sheets is estimated between 10- 15%.