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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
As
Nigeria strives to achieve vision 20:2020 which is to be amongst the
top 20 economies by the year 2020, it is important that government pay
attention to the development of the various minerals deposits in the
country because of the nations comparatively advantage over its
neighbors in this area.
In
fact , it can be said that the more a nations mining industry grows ,
the more they prosper economically and examples can be seen across the
world from Canada to Australia, India ,they all have a vibrant mining
industry.
One
of the minerals that can be found in the country is copper ore. It is
estimated that the nations has over 10,000,000 tons of copper ore
deposit and to take advantage of this resources, interested investors
can mine/source and export the product.
Copper
is an element, reddish brown in color, having atomic number 29 and
pertaining to the scientific symbol ‘Cu’. Coming from the same family of
silver and gold, this element shares numerous common characteristics
with those precious metals.
This
element is a highly ductile and malleable element and a very good
conductor of electricity. That is why it is highly used in the
electrical appliances as a thermal and electrical conductor and in
building wires.
It
occurs in various minerals on earth and is also forms part of a lot of
alloys. Copper also has characteristics that it is a creep and corrosion
free metal and all of its so very useful features make it an element on
which the world’s economy directly depends.
FACTS ABOUT COPPER ORE IN NIGERIA
Background:
Rocks are the materials which the earth's upper crusts are made of.
Rocks are themselves composed of minerals. Minerals are naturally
occurring elements like Gold, or a compound such as Iron Oxide. If a
rock contains a mineral from which a metal can be extracted at a profit,
it is call an Ore. For example, copper Ore.
Estimated National Deposit: Not Documented.
Export from Nigeria: Less than 2% of national reserve
Uses: Copper
has been used as water-proof roofing material since ancient times,
giving many old building their greenish roofs and domes. As a material
in the manufacture of computer heat sinks, as a result of it's superior
heat dissipation capacity to aluminum.
The
occurrence and distribution of copper ore in Nigeria is mainly in the
Northern part of the country because of the peculiar geology of the
area.
The
market for copper ore is both local and international with china as the
largest importer of metal ore in the world. Because of the various
applications of lead ore, the demand would always surpass the supply.
The
percentage given below denotes the % consumption of the total world’s
consumption. The consumption trend is on a rise with the increasing
contribution of the countries in Asia like Japan, South Korea and
Taiwan.
|
Segment
|
Percentage of Import
|
|
Western Europe
|
29%
|
|
United States of America
|
19%
|
|
Japan
|
14%
|
|
Russia
|
10%
|
|
China
|
6%
|
The business involves the procurement, milling and packaging of copper ore for export.
There
are various factors that influence the demand and supply of copper in
the world such as the technological, social and technological factors.
This is the demand for copper that governs the findings of new mines and
the expansion of old mines.
Only 17% of the total copper produced in the world is available for trading. The major copper exporting nations include
- Chile
- Indonesia
- Canada
- Australia
The largest copper importing countries of the world includes
- Spain
- China
- Germany
- Philippines
Do you know you can access to over 50 market research reports and our monthly E- Magazine for 12 months for just N 5,000?
Click on the link below to know more about this offer.
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 milling and export of copper ore in Nigeria by clicking on the link below.
Report Code: FORA/2013/006
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you require one- on- one training on the subject matter? Contact us
with any of the details provided below to arrange a meeting
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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
errors of fact or for any opinion expressed herein. The articles are for
information purposes only.
Foraminifera
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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