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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
mining of minerals in Nigeria accounts for only 0.3% of its GDP, due to
the influence of its vast oil resources. The domestic mining industry
is underdeveloped, leading to Nigeria having to import minerals that it
could produce domestically, such as salt or iron ore. Rights to
ownership of mineral resources is held by the Nigerian government, which
grants titles to organizations to explore, mine, and sell mineral
resources.
About
34 minerals deposits have been identified in Nigeria and one of such is
barite ore. Barite has many applications; the most significant of it is
its usage by the oil companies when drilling for crude oil or
petroleum. Other importance of Barites are highlighted below
• Used
in the manufacturing of drilling mud without which petroleum
prospecting will be impossible. In fact, the demand for Baryte by the
oil companies is more than the demand for water by human beings but the
supply is very low because only a very few individuals are aware of this
business opportunity.
• Used by chemical industries in the manufacturing of Barium compounds such as chloride, nitrate, carbonate, and hydrate e.t.c.
• Used in paper and plastics productions
• Used by textiles industries as weighting materials
• It is also used metallurgical industries for Brass melting e.t.c.
• Also used in manufacturing glass, paints e.t.c
Because of the numerous uses of barite ore, there is steady and increasing demand for the product.
The
quality of the Nigerian Barytes is moderate to high. It is often
associated with fluorite, calcite, dolomite, quartz, etc. The major
impurities are quartz, iron oxide (goethite), and carbonates of iron,
calcium and magnesium.
These
impurities tend to reduce the specific gravity of the unprocessed
barytes which range from 3.0 – 4.0. and increase the cost of the
processing and wears out mills rapidly. The goethite and silica
impurities can be removed by magnetic and gravity separation. Once
processed the specific gravity of the Nigerian baryte increases and
meets the 4.20 specified value.
Barytes bearing veins are found mostly in the area geologically referred to as Middle Benue Trough.
Nigeria
has an estimated reserve of over two million {2,000,000} metric tons of
barite ore scattered in different parts of the country to include
Benue, Nassarrawa, Plateau and Cross River states.
Baryte occurs and has been mined at the following locations in large quantity.
Nasarawa State : Azara, Keana, Kuduku, Aloshi all at Keana local government area of Nassarawa state.
Plateau State: Yelwan Shendam LGA
Benue State: Gboko, Guma, Gwer, Ushongo, Makurdi, Konshisha, etc
Cross Rivers State: Obubra LGA, Ikom LGA, Akpet central, Ogoja LGA.
Taraba state: Serikinkudu Akire LGA
The project involves the mining, milling and packaging of different sizes of barite ore for sale to oil and gas companies, paint and plastic companies.
The business is lucrative and the return on investment is good.
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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 barite ore mining and milling in Nigeria by clicking on the link below.
Report Code: FORA/2013/300
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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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information purposes only.
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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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