SOFT COPY SUBSCRIPTION
Annual subscription x 12 issues
Never miss another issue of Investing in Nigeria magazine. Get an Annual Subscription and get Investing in Nigeria magazine delivered direct to your E- Mail Address every month!
You would also have 12 months access to over 50 market intelligence reports on our website.
N5, 000 for 12 issues
Euro 25 for 12 issues
$32 for 12 issues
Subscribe Now!
For more on our subscription and membership package, please do visit http://www.foramfera.com/index.php/membership-zone
TIN ORE TRADING AND EXPORT: THE OPPORTUNITIES.
The solid mineral industry in Nigeria has great potential based on the geological survey and proven reserve of different mineral that have been discovered in the country.
Tin Ore has been mined since colonial times and is one of the most versatile metals commonly used in industry. Tin ore (cassiterite or tinstone) is obtained mostly from the younger granites in the northern parts of the country and has been largely won from old stream channel deposits (placers) on the Jos Plateau and around younger granite masses in Bauchi, Kaduna, Kano and Benue States. Pegmatites in Cross River, Oyo, Niger, Kwara and Plateau States had also supplied tin in the past.
Though it is difficult to actually estimate the tin reserve in the country because most of the mining is still done by artisanal miners with no little or no interest in gathering data and conducting geological survey of mine deposit, an estimated 10,546 tones have been found in Plateau State. Tin ore are mainly used in plating, production of tin oxide used in paint, paper and ink industries, production of tin oxide resistors, electric lead wires.
Tin ore or Gusa {In Hausa} has both local and international market and investment opportunities exist in the buying and selling, mining and processing of the products. An investor can choose to buy and sell the product to processors or choose to own a mine or operate a processing plant that would add value to the product for a better price.
The buying and selling requires less capital compared to owning a mine or operation a processing plant. Tin ore requires dressing in order to concentrate it and at such the capital requirement for establishing this business would depend on which market the investor wants to operate in.
In international trade the product is at the centre of the contract because that is what the buyer wants and they need it in certain Quality /Quantity which ultimately affects the price. For the purpose of this write-up, we would only concentrate of the percentage of the tin in the ore. It is important at these to state there are high and low grade tin ore. The high grade starts from 5% of tin content and above while the low grade starts from 1 to 5.
Pro- Rata are used to ensure that the miner/seller gets paid according to the percentage of tin in the ore ,that is, for every 1% Increase /Decrease in tin content, the price would Increase /Decrease by a certain price agreed by the parties involved.
TYPICAL ASSAY - QUALITY SPECIFICATION:
On dry basis Guaranteed (% by weight) Rejection
Tin ore (Sn) 5% up（including5%） 5% below
Cu ≤0.30% ＞0.30%
Sb ≤0.30% ＞0.30%
F ≤0.10% ＞0.10%
Bi ≤0.10% ＞0.10%
As ≤1.50% ＞1.50%
Pb ≤1.00% ＞1.00%
Radioactivity <200CPMby“inspection alert” & 200CPM
Packaging is usually in 50 Kg since the price is quoted in Metric tons. 1000/KG makes 1 ton and this helps in easy containerization of the goods since most shipping company prefer to carry 20 tons in 20 feet container. In shipping mineral ores, 20 feet container is usually preferred because of the weight of the ores.
To continue reading this article and other investment opportunities in Nigeria, please do click on the link below
TIN ORE TRADING AND EXPORT: THE OPPORTUNITIES.
Click on the link below to know more about this offer.
Can
you supply tin ore from Nigeria and you are seeking for export
contract? Then use our business process outsourcing service. Contact us
with the details given below with the subject line as TIN ORE EXPORT IN
NIGERIA: TIN ORE EXPORT CONTRACT.
At
Foraminifera Market Research {www.foramfera.com}, we provide bespoke
and up to date market research reports for beginners and exporters
already in the commodity export market.
Our
reports are designed to assist start-ups to understand the legal and
financial requirements of starting the business, the market trends
vis-a-vis demand and supply, competition, risk identification and
mitigation strategies.
You can order our detailed feasibility report on the export of tin ore in Nigeria by clicking on the link below.
Report Title: TIN ORE EXPORT IN NIGERIA
Report Code: FORA/08/2011/041
Do
you require one- on- one training on the subject matter? Contact us
with any of the details provided below to arrange a meeting
Office Phone Number: 01- 295 24 13 {Monday – Saturday; 8 am – 5 pm}
Mobile Number: +234 {0} 8033782777 {Monday – Saturday; 8 am – 6 pm}
E-Mail Address:
enquiries@foramfera.com
Office Address:
61-65 Egbe- Isolo Road,
Iyana Ejigbo Shopping Arcade,
Block C, Suit 39,
Iyana Ejigbo Bus Stop,
Ejigbo, Lagos.
Like and Follow us on
HUMAN DEVELOPMENT PROGRAMMES AND TRAINING OPPORTUNITY IN NIGERIA
Our human development training programmes are designed to assist our client set-up their respective business on a sound footing.
The
training cuts across different segment of the economy to include
Agriculture, Export and Import, Food and Beverage, Manufacturing, Mining
and Quarry, Oil and Gas, Retail Industry, Telecommunication, Tourism
and Transportation and are facilitated by seasoned professionals in
their respective fields.
Please do visit the link below to access available training programmes
Foraminifera
Market Research is a dynamic market intelligence company providing
comprehensive market research solutions and strategic intelligence
services to start-ups and existing businesses in Nigeria.
We
prepare business plan, feasibility study and market report for the
small and medium scale industries and develop the entrepreneurial
capacity of our client with the aim of providing the much needed
business data in Nigeria.
In
keeping with our vision of providing services that adds value to our
clients business and resources to develop their business into a strong
and visible global brand, we would like to introduce to you to our
sister websites
www.nigeriaoilandgasportal.com { The one stop for the oil and gas industry in Nigeria}
www.marketreportportal.com { Marketing and Sales of Market Intelligence Report}
www.nigeriabusinessplace.com {Online Business Forum}
