The
Ministry of Mines and Steel Development (MMSD) had identified thirty-four
minerals of economic importance in Nigeria across the six regional mining
zones. Every state, apart from Bayelsa is said to contain areas of mineral
wealth. Within the minerals, Government has highlighted a number of strategic
minerals that have the potential to contribute significantly to Nigeria’s
economic development. These include barite, gold, bitumen, iron ore, lead/zinc,
coal and limestone.
Gold is a
chemical element with symbol Au {from Latin: aurum} and atomic number 79. Gold
is a dense, soft, shiny, malleable and ductile metal. Pure gold has a bright
yellow colour and luster traditionally considered attractive, which it
maintains without oxidizing in air or water.
There are
proven reserves of both alluvial and primary deposits of gold with proven
reserves in the schist belt covering the western half of Nigeria. The most
important occurrences are found in the Maru, Anka, Malele, Tsohon Birnin
GwariKwaga, Gurmana, Bin Yauri, OkolomDogondaji and Iperindo areas, all
associated with the schist belts of northwest and southwest Nigeria. There are
also a number of smaller occurrences beyond these major areas.
At present
exploitation of alluvial deposits is being carried out mostly by artisan miners
in a few places in the country. A number of primary deposits, which are
sufficiently big for large scale mechanized mining, have been identified in the
northwest and southwest parts of the country.
Given the
huge quantity of gold stored above-ground compared to the annual production,
the price of gold is mainly affected by changes in sentiment (demand), rather
than changes in annual production (supply).According to the World Gold Council,
annual mine production of gold over the last few years has been close to 2,500 tons.
About
2,000 tons goes into jewelry or industrial/dental production, and around 500 tons
goes to retail investors and exchange traded gold funds jewelry
consistently accounts for over two-thirds of annual gold demand. India is the
largest consumer in volume terms, accounting for 27% of demand in 2009,
followed by China and the USA.
Industrial,
dentistry and medical uses account for around 12% of gold demand. Gold has high
thermal and electrical conductivity properties, along with a high resistance to
corrosion and bacterial colonization. Jewelry and industrial demand has
fluctuated over the past few years due to the steady expansion in emerging
markets of middle classes aspiring to Western lifestyles, offset by the
financial crisis of 2007–2010.
This report seeks to examine the financial
viability or otherwise of mining gold ore and processing same in Nigeria.
Processing and separation of the gold nuggets would be done in any of the
processing plant stated in the body of the report.
Report Type: Pre- Feasibility Report
Formats of Delivery: PDF / MS WORD
No. of Pages: 41 Pages (Text Part) / 6 Pages ( Excel Part)
Publisher: Foraminifera Market Research
Release Date: 30/08/2015
Language: English
Delivery time: 24– 48hours
Table of Contents:
EXECUTIVE SUMMARY
1. Business Overview
1.1 Description of the Business
1.2 Incentives / Government Policy
1.3 Obtaining a Mining Permit in Nigeria and Associated fees
1.4 Occurrence and Distribution of the mineral in Nigeria
1.4 Critical Success Factor of the Business
1.5 Description of the Business Industry
1.6 Contribution to Local and National Economy
2. Marketing Plan
2.1 Description of product
2.2 Location
2.3 The Opportunity
2.4 Pricing Strategy
2.5 Target Market
2.6 Distribution and Delivery Strategy
2.7 Promotional Strategy
2.8 Competition
3. Technical Analysis
3.1 Description of the Location
3.2 Raw Materials
3.3 Production Technology / Equipment
3.4 Production Process
3.5 Production Cost
3.6 Stock Control Process
3.7 Pre-Operating activities and expenses
3.7.1 Operating Activities and Expenses
3.8 Project Implementation Schedule
4.0 Organizational and Management Plan
4.1 Ownership of the business
4.2 Profile of the promoters
4.3 Key Management Staff
4.3.1 Strategic Business Units
4.3.2 Management Support Units
4.4 Details of salary schedule
5. Financial Plan
5.1 Financial Assumption
5.2 Start - up Capital Estimation
5.3 Source of Capital
5.4 Security of Loan
5.5 Loan Repayment Plan
5.6 Financial Projections
6.0 Business Risk and Mitigation Factor
6.1 Business Risks
6.2 SWOT Analysis
Are you interested in purchasing this report?
Pay N 100,000 into
Please do contact us for our banking details.
Before payment, please do call us on 01- 29 52 413 / 08033782777. After payment, text your e-mail address to 08033782777 or send us a mail with the scanned teller to admin@foramfera.com .
The soft copy of the report would be delivery to your e-mail address within 24- 48 hours of payment confirmation.
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 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
