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Nigeria
is endowed with enormous mineral resources which when properly
harnessed can lead to its industrialdevelopment and prospects. It is a
known fact that countries abundantly endowed with mineral resources
becomegreat industrial nations. While on the other hand, the level of
greatness of a nation is often areflection of how its resources have
been planned, managed and utilized.
The
occurrence of mineralresources in commercial quantities alone does not
however guarantee optimum benefit, factors such as
technologicalcapacity, finance and market are also equally
important.Nigeria is blessed with abundant mineral resources and human
resources capable of tapping these resources for industrial growth,
however, what is witnessed today is that most of the mineral
development, especially theexploitation is done by informal and in most
cases illegal miners using very crude techniques with no
considerationfor the environment or human health.
The
Ministry of Mines and Steel Development has identified and is promoting
the development of 34 mineral resources in Nigeria which include iron
ore, gold, coal, tantalite, bitumen, limestone,barite, gypsum, kaolin
(MSMD) etc. The importance of mineral development of any nation cannot
be overemphasized as it is one of the sources of industrial raw material
supply, what must however, be emphasized is the manner in which the
resources are developed.
One
of such mineral that has been discorvered in commercial quantity in
Nigeria is Tantalite Ore.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 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 business involves the sourcing of Tantalite Ore, milling and packaging same for export.
The
commodity would be packaged in rakes of 50/80/100 KG depending on buyer
requirement. Delivery would be FOB, Free on Board. The investor would
load the goods on board the ship nominated by the buyer and clear the
goods for export.
Unique
properties of tantalum, which are indispensable to a few applications
are expected to drive consistent demand for the metal. Increased usage
of electronic equipment such as computers, mobile telephones, and video
cameras, is expected to boost demand for tantalum capacitors.
Consumption of tantalum metal for manufacturing sputtering targets is
also projected to go up in the coming years. Furthermore, research
activities for developing new applications for tantalum are underway.
Europe
is the largest tantalum market in the world and is projected to reach
2.5 million pounds by the year 2010, as stated by market research
reports. Asia-Pacific is projected to offer the highest growth
opportunity with a CAGR of 6.75% over the period 2001-2010. In North
America, tantalum consumption in electronics industry is expected to
reach 614.8 thousand pounds by 2010.
Australia
accounts for about 60% of global mine production of tantalum, followed
by Brazil. The remaining share is occupied by Canada, and African
countries such as Ethiopia, Rwanda and Mozambique. Tantalum is also
obtained as a major byproduct from tin deposits in Nigeria and Malaysia.
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