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
MINING AND PROCESSING OF ZINC ORE FOR EXPORT IN NIGERIA
There are tremendous opportunities in the solid minerals sector in Nigeria and government has invested heavily in the generation of vital information on minerals which is critical for success in the mining business. The national policy on mineral metals in Nigeria has it’s main objectives
• Achieve a substantial increase in GDP contribution by the minerals sector;
• Generate quality Geoscience data;
• Establish a transparent licensing regime;
• Formalise artisanal and small scale mining operators;
• Poverty eradication through ASM operations;
• Employment generation;
• Wealth creation through value addition;
• Increase capacity of mineral based industries;
• Attract private investment capital;
An estimated thirty-five {35} industrial mineral in commercial quantity have been discovered in the country and zinc ore is one of such minerals.
Zinc is usually found associated with lead and an estimated 10 million tonnes of lead/zinc veins are spread over eight States of Nigeria have been found. Some of the states where zinc can be found include Nassarawa, Ebonyi, Plateau, Bauchi, Gombe amongst others.
The major uses of Zinc are
Anti – Corrosion coating on steel {Galvanizing}
Precision Components {Die Casting}
Construction Material
Brass
Pharmaceuticals and cosmetics
The investor can penetrate the market as a miner, trader/exporter or a processor.
Zinc commands a good share of the mineral market and a detailed analysis of the cost and profit of Zinc ore is given below.
Cost of 1 ton at site = N30, 000/MT
Cost of 60 tons = N1, 800,000
Cost of 2% PB =N93, 600 {When price is $650 and Quantity 60 tons}
Cost of transportation to site of Crushing/loading = N10, 000/3 tons
Cost of 60 tons =N200, 000{Please do know that this cost can be eliminated if the site is accessible}
Cost of Crushing @ N40/Bag = N48, 000 {since 1 ton = 20 bags of 50 KG each}
Cost of packaging = N5000
Cost loading to the truck @ N20/ Bag = N24, 000
Cost of transportation to Warehouse/Port = N180, 000/30 tons =N360, 000/60 tons
Cost of Testing =N100, 000
Cost of Freight = N78, 000/20 FT Container {Since 20 tons= one 20 FT container,
N78, 000 * 3 = N234, 000
Warehousing = N100, 000
Deposition Fee = N150, 000 {Returnable after shipment of goods}
Agent Fee = N80, 000
Miscellaneous = N100, 000
Total = N 3,294,600
The Exporter/ Seller can get a contract at $650/MT for Copper Ore 20% and Zinc Ore 50% .Given that the Pro-Rata is $10/1%, then the calculation would be
60 * $650/MT = $39,000 @ $1/N120
=N4, 680,000
Profit = N4, 680,000- N 3,294,600 = N 1,385,400
If the Zinc and Copper content is actually 52% and 22% respectively, then the calculation would be
2% * $10 = $20
$650+ $20 = $670
$670* 60 = $40,200 @ $1/N120
=N4, 824,000
Profit = N4, 824,000 - N 3,294,600
=N1, 529,400.
It is always advisable to weigh the goods at the point of purchase and preferably 51/52 KG should be used instead of 50 KG because after breaking of the material, some part would be lost to dust and debris.
{PLEASE DO NOTE THE PRICES QUOTED ABOVE FLUCTUATES AND AT SUCH THE ANALYSIS ABOVE SHOULD SERVE FOR ANALYSIS PURPOSE ONLY. THEY SHOULD NOT USED WHEN NEGOTIATING FOR POSSIBLE CONTRACT/SALES. TO GET THE CURRENT COST ANALYSIS, CONTACT THE WRITER FOR A FEASIBILITY STUDY}
In the export of the zinc ore, some of the cost to consider includes cost of the ore at the site, cost of 2% PB, cost of transportation to site of crushing/loading {in case the mining site is not accessible to trucks},cost of crushing ,cost of packaging ,cost loading to the truck ,cost of transportation to warehouse/port ,cost of analysis, cost of freight ,Warehouse cost, deposit Fee, agent fee, NESS Fee and miscellaneous
To continue reading this article and other investment opportunities in Nigeria, please do click on the link below
MINING AND PROCESSING OF ZINC ORE FOR EXPORT IN NIGERIA
Do you know you can access to over 50 market intelligence reports and our monthly E- Magazine for 12 months for just N 5,000?
Click on the link below to know more about this offer.
Can
you supply zinc 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 ZINC ORE EXPORT IN
NIGERIA: ZINC 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 zinc ore in Nigeria by clicking on the link below.
Report Title: ZINC ORE EXPORT IN NIGERIA
Report Code: FORA/08/2011/038
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}
