Description

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, tantalite, copper, aluminum, 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 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 mineral products.

One of such minerals that can be developed for the growth of the country is tantalite. 14,223 tonnes of which are found in Plateau State; is used in forming alloys that are useful in nuclear, aerospace and gas turbine engineering.
This report seeks to examine the financial viability or otherwise of establishing tantalite milling and Export Company in Nigeria which involves the sourcing, milling and packaging.

The demand for milled tantalite is quite high and the raw material is also available in commercial quantity.

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