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Tantalum Ore (1%) Mining And Processing To Tantalum Ore (60%) In Nigeria, The Feasibility Report.

Tantalum Ore (1%) Mining And Processing To Tantalum Ore (60%) In Nigeria, The Feasibility Report.

350,000.00

The Ministry of Mines and Steel Development (MMSD) had identified thirty-four minerals of economic importance in Nigeria across the six regional mining zones. Every state, apart from Bayelsa is said to contain areas of mineral wealth. Within the minerals, Government has highlighted a number of strategic minerals that have the potential to contribute significantly to Nigeria’s economic development. These include tungsten, barite, gold, bitumen, iron ore, lead/zinc, coal and limestone.

Description

In the realm of valuable minerals, tantalite stands as a unique and captivating element. Mysterious and alluring, tantalite has captured the attention of scientists, investors, and technology enthusiasts alike. Renowned for its significant presence of tantalum, a critical component in modern electronics, tantalite plays a pivotal role in shaping our technological landscape.

Tantalite belongs to the tantalum-bearing mineral group, which also includes columbite. It is a black, heavy, and dense mineral with a metallic luster. Tantalite occurs in various forms, such as tantalite-(Mn), tantalite-(Fe), and tantalite-(Mn,Fe). The name “tantalite” is derived from Tantalus, a Greek mythological figure, due to the element tantalum’s notorious resistance to acid attacks, paralleling Tantalus’ inability to quench his eternal thirst.

Tantalite is primarily found in pegmatite ore deposits, typically associated with granite intrusions and certain metamorphic rocks. These deposits are distributed across the globe, with significant reserves in countries like Australia, Brazil, Canada, China, and several African nations.

Tantalum, the key component of tantalite, possesses remarkable properties that make it highly desirable in various industries. One of its most significant attributes is its resistance to corrosion, allowing tantalum-based alloys to withstand harsh environments. This makes tantalum ideal for applications in the chemical processing, aerospace, and medical industries, where resistance to corrosive substances is crucial.

Moreover, tantalum capacitors have become indispensable components in modern electronics. Tantalum’s high capacitance, small size, and excellent reliability have made these capacitors popular in electronic devices, such as smartphones, tablets, and computers. Tantalum’s use extends to other industries as well, including automotive electronics, telecommunications, and military technologies.

Nigeria, a country located in West Africa, boasts a rich abundance of mineral resources. Among these resources, tantalite holds significant importance due to its various industrial applications.

Nigeria is blessed with abundant tantalite deposits, which are distributed across several states. Some of the notable states where tantalite is found include Taraba, Kaduna, Nasarawa, Kogi, Bauchi, and Plateau. These states are located in the central and northern parts of Nigeria, forming the “Tantalite Belt.” The tantalite deposits in these regions are associated with pegmatites, granite, and metamorphic rocks.

Tantalite typically occurs in complex granitic pegmatites. Commonly found with other minerals like columbite (often forming coltan), cassiterite, and beryl. The quality of tantalite from Taraba State is suitable for use in high-tech applications, including electronics.

Tantalite mining contributes significantly to the local economy by providing employment and income for local communities. As part of Nigeria’s mining sector, tantalite from Taraba State adds to the country’s mineral exports, supporting economic growth and diversification.

Tantalite possesses unique properties that make it an essential mineral in various industries. The primary applications of tantalite are related to its tantalum content. Tantalum is highly resistant to corrosion and has excellent heat and electrical conductivity, which makes it valuable for numerous technological and industrial purposes. Here are some of the major uses of tantalite:

Tantalum is a crucial component in the production of electronic devices, such as capacitors, microchips, and resistors. Its ability to store and release electrical energy makes it an ideal material for electronic components.

Tantalum is extensively used in the aerospace and defense sectors due to its high melting point, resistance to heat, and exceptional strength. It is employed in the manufacturing of turbine blades, jet engines, missile components, and armor plating.

Tantalum’s resistance to corrosion and its ability to withstand harsh chemical environments make it suitable for various applications in the chemical industry.

It is used in the production of corrosion-resistant equipment, chemical reaction vessels, and heat exchangers. Tantalum finds applications in the medical field, primarily in the manufacturing of surgical instruments, implants, and dental equipment.

Its biocompatibility, resistance to body fluids, and high corrosion resistance make it a preferred material for medical devices.

Tantalum is often alloyed with other metals to form superalloys with exceptional strength and resistance to high temperatures. These alloys are used in the production of jet engines, turbine blades, and other high-performance components.

The global tantalum market size was worth around USD 521.47 million in 2022 and is predicted to grow to around USD 798.65 million by 2030 with a compound annual growth rate (CAGR) of roughly five point eighty-eight percent (5.88%) between 2023 and 2030.

The global demand for tantalum continues to grow, driven by the increasing adoption of electronic devices, aerospace applications, and the emerging electric vehicle industry. Nigeria’s tantalite ore holds significant value in international markets, particularly in countries like China, the United States, and Japan.

Table of Contents

EXECUTIVE SUMMARY

1. Business Overview

1.1 Description of the Business
1.2 Incentives / Government Policy
1.3 How to Obtain a Mining Lease in Nigeria
1.4 Occurrence and Distribution of the mineral in Nigeria
1.4 Critical Success Factor of the Business
1.5 Description of the Business Industry
1.6 Contribution to Local and National Economy

2. Marketing Plan

2.1 Description of product
2.2 Location
2.3 The Opportunity
2.4 Pricing Strategy
2.5 Target Market
2.6 Distribution and Delivery Strategy
2.7 Promotional Strategy
2.8 Competition

3. Technical Analysis

3.1 Description of the Location
3.2 Raw Materials
3.3 Production Technology / Equipment
3.4 Production Process
3.5 Production Cost
3.6 Stock Control Process
3.7 Pre-Operating activities and expenses
3.7.1 Operating Activities and Expenses
3.8 Project Implentation Schedule

4.0 Organizational and Management Plan

4.1 Ownership of the business
4.2 Profile of the promoters
4.3 Key Management Staff
4.3.1 Strategic Business Units
4.3.2 Management Support Units
4.4 Details of salary schedule

5. Financial Plan

5.1 Financial Assumption
5.2 Start up Capital Estimation
5.3 Source of Capital
5.4 Security of Loan
5.5 Loan Repayment Plan
5.6 Profit and Loss Analysis
5.7 Cashflow Analysis
5.8 Viability Analysis

6.0 Business Risk and Mitigation Factor

6.1 Business Risks
6.2 SWOT Analysis

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Report Details

Report Type: Feasibility Report
Formats of Delivery: EXCEL / MS WORD
No. of Pages: 74 Pages (Text Part) / 6 Pages ( Excel Part)
Product Code: FORA/054-807/2015/TANTALITEMININGANDPROCESSING/774884-00-77363
Publisher: Foraminifera Market Research
Release Date: 06/05/2015; Update Every 3- Months
Language: English
Delivery time: 24– 48hours

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