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MINING OPPORTUNITIES IN NIGERIA; SILICA SAND/QUARTZ MINING IN NIGERIA.
Silica Sand/Quartz constitutes one of the most readily available geological materials used in industries and factories such as glass manufacturing companies. Silica Sand/Quartz are said to consist of high optimal percentage of silicon dioxide (SiO2) which is a very good chemically stable element and it remains almost the same no matter the series of cycles it may have gone through, either in transportation or re-deposition. Quartz is silica occurring alone in pure state.
Silica/glass sand on the other hand are products of weathering, erosion and transportation by rivers or/and the sea. Naturally occurring silica sands may contain some undesirable impurities like accessory haematite, rutile and dolomite etc.
The Glass Sand is used in the production of various glass products: which include sheet glasses for windows, bottles, mirrors, optical instruments, chemical apparatus, electrical insulation and condensers, pipe, doors, crucibles, automobile and aircraft bodies, filters and building blocks. They are also used for making abbrassives and for gravel packing in the petroleum industries.
Locations of Glass Sand/Quartz deposits
Commercially exploitable quartz rock crystal occur in pegmatites and quartzites hosted by rock of the basement complex around Egbe, Udiarehu, Okene and Lokoja in Kogi State, Ijero in Ekiti State. The quartzites occur in the medium to high grade metamorphic terrains of the basement complex.
The vein quartz and quartz bearing pegmatite solidified from the hydrothermal fluids associated with the older granites as well as those of the Younger Granites and from the materials of the rocks of the basement complex at different periods.
Nigeria has extensive deposits of good quartz silica sands. Many of which are associated with the coastal plain of sedimentary areas in the southern part of the country, although deposits also occur in some inland areas. The major silica sand deposits in the country are located at Ughecll--Delta State, Igbokoda, Ondo State, Baure, Katsina State, Badagry, Lagos State, and along the sandy shore line of the Atlantic, some inland deposit are also reported at Shebu, Plateau State and Ilaro, Ogun State.
Obtaining Mining Lease in Nigeria
There are two options available to a company or an individual to enter into the mining industry in Nigeria.
Through the acquisition of an existing mining property from the original owner. Approval must be obtained from the Ministry of Solid Minerals Development for such a purchase.
By obtaining on application, either a Prospecting Right (PR), an Exclusive Prospecting Licence (EPL), or a Special Exclusive Prospecting Licence (SEPL), the application should state financial and technical capability qualifying the applicant for entry into the mining sector.
Incentives / Government Policy on Mining in Nigeria
In order to encourage investment in the solid minerals industry in Nigeria, Government is the offering the following incentives
1. 3-5 years Tax Holiday
2. Deferred royalty payments
3. Possible capitalisation of expenditure on exploration and surveys
4. Extension of infrastructure such as roads and electricity to mining sites, and provision of 100% foreign ownership of mining concerns.
The mining industry in Nigeria is regulated by the The Nigerian Minerals and Mining Act of 2007, National Minerals and Metals Policy 2008 and Nigerian Minerals and Mining Regulations 2011.
The percentage of royalty charged in the mining industry in Nigeria range between 3%- 5%.
Should you require a market research report {Pre-feasibility report, Business Plan or Market Report} on the above subject matter, please do contact the writer.
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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}
www.nigeriabusinessplace.com {Online Business Forum}
The
details in this article is based on information from various sources
that we believe are reliable; however no representation is made that it
is accurate or complete. While reasonable care has been taken in
preparing the articles, no responsibility or liability is accepted for
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Market Research accepts no liability whatsoever for any direct or
consequential loss arising from any use of the articles or its contents.
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