Description

As Nigeria strives to achieve vision 20:2020 which is to be amongst the top 20 economies by the year 2020, it is important that government pay attention to the development of the various minerals deposits in the country because of the nations comparatively advantage over its neighbors in this area.

In fact , it can be said that the more a nations mining industry grows , the more they prosper economically and examples can be seen across the world from Canada to Australia, India ,they all have a vibrant mining industry.

One of the minerals that can be found in the country is copper ore. It is estimated that the nations has over 10,000,000 tons of copper ore deposit and to take advantage of this resources, interested investors can mine/source, mill, package and export the commodity.

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.

The production capacity of the proposed milling plant is one and half {1.5} tons per hours.

This report seeks to examine the financial viability or otherwise of establishing copper ore milling and Export Company in Nigeria which involves the sourcing for copper ore, milling, packaging and export of same to international buyers. 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.