The
Nigeria nation is blessed with abundant mineral resources; fossil fuels and
solid minerals. The most popular being the fossil fuels since these constitute
the nation’s greatest foreign exchange earner. They have, therefore, tended to
overshadow the solid mineral sector of mining industry.
It is
reassuring to note that the government has progressively in recent past years
shown great interest in the exploitation of Nigeria’s solid minerals as a means
of diversifying our economic base, putting in place the NATIONAL POLICY ON
MINERALS METAL IN NIGERIA and other such policy documents in order to drive
investment in the sector.
Solid
minerals are many types occurring in many diverse environments in response to
many diverse geology and geologic events. The resources can nonetheless be
discussed under five (5) groups thus:
1. Iron
and Iron-alloy metals
2.
Non-ferrous Industrial metals
3.
Precious metals
4. Metal
fuel
5.
Industrial minerals
Exploitation of the Non-metallic
Minerals has not attained the desired level, mainly because of the various
constraints associated with their exploitation, development and processing for
utilization. Many of the non-metallic minerals, which are vital to the
industrial take off of the country, have been found in commercial quantities
within the country.
They include limestone, dolomite, marble,
kaolin, barite, diatomite, feldspar, quartz and silica sands, gypsum, talc,
silimanite, kyanite, phosphate, salt and bentonite.
Barite is
the principal ore of barium, which is essential in the formulation of drilling
mud. Drilling mud is a mixture of different types of chemicals in water or oil,
which is used in water, solid minerals or petroleum drilling.
Baryte is
an important weighing ingredient and its usefulness as an addition in drilling
mud is that when ground or crushed and added to the fluid, it increases the
density of the fluid to counteract formation pressure as well as provide
density to the drilling bit for drilling mud in the petroleum industry, The
higher the specific gravity of barite, the more useful it is in drilling mud
formulation.
It is estimated
that Nigeria has over two million {2,000,000} tons of barite ore deposit of scattered
in different parts of the country to include Benue, Nassarrawa, Plateau and
Cross River states.
This report seeks to examine the financial
viability or otherwise of establishing Barite ore mine in Nigeria.
Report Details:
Report Type: Pre- Feasibility Report
Formats of Delivery: PDF / MS WORD
No. of Pages: 42 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
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