Tuesday, March 6, 2012

TIN ORE { CASSITERITE } EXPORT IN NIGERIA; NON-OIL EXPORT OPPORTUNITY SERIES


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TIN ORE { CASSITERITE } EXPORT IN NIGERIA; NON-OIL EXPORT OPPORTUNITY SERIES.

An established and well managed solid minerals sub-sector will accelerate economic, social and political growth of Nigeria by provision of gainful employment and a rise in national income earnings far exceeding the petroleum sector. In addition, solid minerals will provide local raw materials for industries and bring vital infrastructure and wealth to rural areas.

One of such minerals that have been identified for development is tin ore. 10,546 tonnes of which are found in Plateau State; is employed in plating, production of tin oxide used in paint, paper and ink industries, production of tin oxide resistors, electric lead wires and Foraminifera Market Research seeks to expose the investment opportunity in the export of the product through this feasibility report.

Tin ore {Cassiterite} is the second –easiest ore to mine. It is mined from tin veins. Cassiterite is a tin oxide mineral, SnO2. It is generally opaque but it is translucent in thin crystals. Its luster and multiple crystal faces produce a desirable gem. Cassiterite has been the chief tin ore throughout ancient history and remains the most important source of tin today.

Most sources of cassiterite today are found in alluvial or placer deposits containing the resistant weathered grains.

Tin mineralisation in Nigeria is within the Younger Granites of Jos Plateau. They are two types: primary deposits found as disseminations in the biotite granite and pegmatities and placer deposits found among gravel pockets in both ancient and modern stream channels.

Most of the tin today is recovered from the placer formations by stripping and open pit mining. Ore grade is high (about 1.5 kgm-3) and beneficiation is by gravity or magnetic floatation or a combination of the two.

Associated gangue minerals include magnetite (Fe3O4), ilmenite (FeTiO3), Zircon (ZrSiO4), thorite (ThSiO4) and monazite (Le, La, Y, Th(PO4)). Gem quality beryl and semi-precious gem quality topaz are also associated with the cassiterite.

The return on investment on the export of tin ore is estimated between 10%- 15%.

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

TIN ORE { CASSITERITE } EXPORT IN NIGERIA; NON-OIL EXPORT OPPORTUNITY SERIES.


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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 Code: FORA/08/2011/041

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