Thursday, November 11, 2010

THE OPPORTUNITIES IN MINING AND PROCESSING OF COLUMBITE-TANTALITE {COLTAN} IN NIGERIA

From June, 2013 Foraminifera Market Research would start publishing our E- magazine. The magazine would focus on investment and business opportunity in Nigeria. Be the first to get hot investment and business opportunities in Nigeria by subscribing to our E- Magazine, Investing in Nigeria.

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

THE OPPORTUNITIES IN MINING AND PROCESSING OF COLUMBITE-TANTALITE {COLTAN} IN NIGERIA

Tantalite is among the group of minerals used in the refractory industry, and is characterized by a high melting point and strength at high temperature. These properties make them useful as furnace construction minerals and for application in the aerospace and electronic industries. Despite its high cost, tantalite is more cost effective in many applications, as down time and maintenance costs are reduced. In addition to these valuable properties, tantalum, as a refractory metal, shows remarkable resistance in many of the most hostile chemical environments.

Columbite, also called niobite, niobite-tantalite and columbate, is a black mineral group that is an ore of niobium and tantalum. It has a submetallic luster and a high density and is a niobate of iron and manganese, containing tantalate of iron.

Columbite and tantalite are collectively known as coltan in Africa. Tantalum is a valuable rare element used in electronics manufacturing while columbite is used in forming alloys that are useful in nuclear, aerospace and gas turbine engineering.

Rare-metal pegmatites containing economic concentrations of columbite-tantalite ore minerals (coltan) are widespread in the Pan-African (600±150Ma) basement of Nigeria. Thesepegmatites are also important sources of precious and semiprecious stones (such as beryl, aquamarine, tourmalines).

Until recently these pegmatites were known mainly from a broad 400km-long NE-SW trending belt stretching from the Wamba-Keffi- Nasarawa area (near the Jos Plateau) through Isanlu-Egbe in central Nigeria to the Ijero-Aramoko-llesha areas of southwest Nigeria, and a few occurrences in the Obudu and Oban massifs of southeast Nigeria.

Large deposits of Tantalite are known to occur in Nasarawa, Osun, Ekiti, Kwara, Cross Rivers, Gombe, Kogi States as well as the Federal Capital Territory, Abuja. The. deposits are both alluvial and primary in the numerous pegmatite bodies that infest these areas. Grades of well over 50% Ta2O5 are found.

Tantalite currently commands a good international demand and price.

Granting of a Mining License to a prospective company is subject to proof of economic reserve of the mineral commodity for which a concession is sought. The process involves the company first applying to the Honourable Minister for Certificate of Entry into Mining Industry. The requirements for this include submission of the company’s Certificate of Registration, evidence of technical competence and of financial capability.

The next step is for the company to apply and obtain a prospecting right (PR) to enable it carry out general and scientific prospecting for the categories of minerals within the prospecting right. If properly conducted, work on this right will guide the company towards zeroing into a particular mineral within a specific land area.

The company will then put up application for an exclusive prospecting license (EPL) in the State Mines Office where the mineral is located. This is an exploration license for a particular mineral(s) over a particular land area which, by law, should not exceed 22 square kilometers. Once granted, the area is held exclusively to the company which will now confidently invest in mineral exploration work on the area without hindrance. This license is renewable every one or two years depending on the nature of the terrain.

It is only after the company has satisfied itself of the availability of the mineral in commercial quantity on the EPL that it will apply for grant of a Mining License over the whole or part of the area covered by the EPL.

In the course of all these processes, the law insists that the company employs the services of a “technically competent person” in carrying out the prospecting under the PR, the exploration within the EPL and finally the extraction of the mineral within the mining license area.

Some of the investment incentives in the solid minerals industry in Nigeria include

 3-5 years Tax Holiday
 Deferred royalty payments
 Possible capitalization of expenditure on exploration and surveys
 Extension of infrastructure such as roads and electricity to mining sites, and provision of 100% foreign ownership of mining concerns.

The services we offer include securing mining site / titles and in partnership with other professionals, conduct site survey and deposit evaluation. We also prepare feasibility study for clients interested in the trading of the commodity.

To continue reading this article and other investment opportunities in Nigeria, please do click on the link below

THE OPPORTUNITIES IN MINING AND PROCESSING OF COLUMBITE-TANTALITE {COLTAN} IN NIGERIA

Should you require a market research report on the above subject matter, please do contact us.

Get our market intelligence report on the following related topic by clicking on any of the titles below

1. TANTALITE ORE EXPORT IN NIGERIA; THE FEASIBILITY REPORT.

2. COLUMBITE EXPORT IN NIGERIA; THE FEASIBILITY REPORT. 

 
At Foraminifera Market Research {www.foramfera.com}, we provide bespoke and up to date market research reports for start-ups and those already in business.

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. 

Do you require one- on- one consultancy 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}