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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 research 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
metals sector in Nigeria today is yet to reach its full potential
particularly in the development and consumption of key metallic products
as iron, tantalite, copper, aluminium, tin, lead, zinc etc. and in
exploitation of key noble metals such as gold and silver. With the
nation's capacity, potential and resource base, all these products can
readily be developed and used to jumpstart the rapid industrialization
and economic growth of the economy.
The
new metals policy is predicated upon the need to develop a vibrant
metals sector where government will play the role of
administrator-regulator with the private sector as owner-operator and
would enable Nigeria become a major regional and global producer of
mineral products.
Presently,
the solid mineral industry in Nigeria contributes about 0.3% of the
Gross Domestic Product {GDP} and this is due to the fact that investment
opportunities in the sector tend to be focused on the mining {with the
use of crude implements} and trading of the minerals in there crude
form.
This
not only leads to low output but a great lost in revenue which could
have been derived when the minerals are processed thereby adding value
and creating employment opportunity for our teeming population.
Through various processes, minerals can be refined and one of such processes is beneficiation.
Beneficiation
is a variety of processes where by extracted ore from mining is
separated into mineral and gangue through mechanical means, the former
suitable for further processing or direct use. Through beneficiation
technology low grade tantalite ore of 15% concentration can be increased
to high grade tantalite ore of 50% or more concentration and sold at a
much higher price.
Coltan
{also columbite-tantalite and known industrially as tantalite} is a
dull black metallic ore from which the elements niobium and tantalum are
extracted. The niobium-dominated mineral is columbite hence the “col”
half of the term. The mineral concentrates dominated by tantalum are
referred to as tantalite.
Tantalite
forms a series with the mineral columbite. In fact the two are often
grouped together as a semi-singular mineral call columbite-tantalite in
many mineral guides.
Tantalite
is the most widespread known tantalum mineral and makes for an
important ore of the industrially useful metal. They are used in the
production of tantalum based capacitors and alloys for strength and
higher melting point, in glass to increase the index of refraction and
in surgical steel as it is non – reactive and non-irritating to body
tissue.
Tantalite’s greatest difference from columbite is it’s much greater specific gravity 8.0+ compared to columbite’s 5.2.
The
market for tantalite especially the overseas market in China is large,
expanding and sustainable because of the numerous uses of tantalite.
Buyers usually would like to secure steady source of supply of these
products.
An
exporter that is able to secure a contract at the right price would
have an uphill task meeting the demand of the buyer because the output
from the mines in Nigeria is low due to the use of crude implement. You
can imagine a situation whereby the daily need of the factory of the
buyer is 600/MT and the exporter would struggle to supply 500/MT on a
monthly basis.
It
is important those low grade tantalite’s are beneficiated in order to
derive more value from them and an opportunity for interested investors
to set-up tantalite beneficiation plant in Nigeria.
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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.
You
can order our detailed feasibility report on the milling, packaging
and export of tin ore in Nigeria by clicking on the link below.
Report Code: FORA/2013/022
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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
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}
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details in this article is based on information from various sources
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