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

This report seeks to examine the financial viability or otherwise of establishing zinc ore milling and Export Company in Nigeria which involves the sourcing for zinc ore, milling, packaging and export of same to international buyers. The major uses of zinc are anti – corrosion coating on steel {Galvanizing}, precision components {die casting}, construction materials, brass production, pharmaceuticals and cosmetics.

The prospect of global economy is promising, so the automotive industry which is closely related to the lead ore market, is witnessing growth thereby creating more demands for the product.

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