Phosphate
rock refers to a mineral assemblage that occurs naturally with an exceptionally
high concentration of phosphate minerals. Phosphate usually occurs as the
mineral apatite, Ca5F(PO4)3 in igneous and metamorphic rocks. It may be derived
from a number of sources but the most common is the one that contains high
concentration of phosphates in nodular or compact masses.
The
Nigerian phosphate rock deposits are sedimentary in origin. They occur mostly
in granular, nodular and vesicular forms with an average weight percent of P205
varying from 34.5 to 36.25%, which compares favourably with the phosphate at
Hahotos, Togo (36.6%).
Occurrences
of phosphate rock are known in Sokoto, Abia, Cross Rivers, Kogi, Ondo and Ogun
States. The deposits of phosphate beds in the Sokoto embayment represent
southward extension of the deposits in Niger Republic.
The
deposits are found in areas within the geological feature termed the Illummeden
Basin.
Phosphate
fertilizer and detergents are the major user industries of phosphate rock.
Metal treatment, water treatment, pulp and paper, glass and ceramics, textiles,
plastics, rubber, pharmaceuticals and cosmetics, petroleum production, toothpaste,
paints, fuels, cells are other end-user industries of phosphate rock.
Since
phosphates are produced in a few countries and are consumed in most, there is a
large international trade in phosphate rock, phosphoric acid and phosphate
fertilizer. Growth in fertilizer demand worldwide is expected to average annual
2.7% over the next few years, which will directly increase demand for phosphate
rock. The Federal super-phosphate Company, Kaduna and the National Fertlizer
Company, Port-Harcourt requires about 300,000 tonnes of phosphate rock per
annum. Other areas of phosphate use are in Flame retarder/fire extinguisher
production, food and beverage industries, dentistry etc. All these would also
increase future demand.
This report seeks to examine the financial
viability or otherwise of mining phosphate rock 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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