COPPER ORE MINING IN NIGERIA, THE PRE-FEASIBILITY REPORT.

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

The Non-ferrous industrial metals contain a group of minerals which include copper, lead, zinc, tin and aluminium bearing minerals. All are found in Nigeria at varying concentrations and different forms.

Copper (Cu): There are between 150 and 180 copper minerals. Of these, the commonest and the most important form mined are native copper (Cu); oxides of copper: cuprite (Cu2O); tenorite (CuO); and a variety of copper sulphides such as bornite (Cu5FeS4); chalcocite (Cu2S); tetrahedrite [(CuFe) 12Sb4S13] and chalcopyrite (Cu2Fe2S4).

Lead (Pb) is next in abundance with 120 to 150 lead-bearings minerals known. The commonest lead ore is the sulphide galena (PbS). Other forms are known but don’t often occur as ore minerals. An important lead mineral worth mentioning is vanadinite ( Pb5 (VO4)3Cl). This lead mineral is sought, not for its lead but for the strategic metal, vanadium.

Zinc (Zn) is sought as calamine (calamine lotion) also known among mineralogists as hemimorphite: Zn4 (OH)2Si2O7.H2O. The most common occurrence is as sulphide: sphalerite (ZnS) and carborate-smithsonite (ZnCO3). There are at least 52 other zinc bearing minerals.

Tin (Sn) occurs mostly as native metal, tin and in combined form as oxide, cassiterite (SnO2). Fifteen (15) other tin bearing minerals are known but these occur as trace minerals in rocks of appropriate composition.

Aluminium (Al) is the most abundant metal (element) on the earth’s crust, next only to silicon. There are over 360 aluminium-bearing minerals. The most important of all, which is a resource, is bauxite: a hydrous aluminium oxide.

It is estimated that Nigeria has over 10,000,000 tons of Copper ore deposit. 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.

This report seeks to examine the financial viability or otherwise of mining copper ore 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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