Post by Ismail AbdulAzeez on Jan 24, 2019 15:33:07 GMT 1
Iron Ore minerals are rocks containing Iron, which is a chemical element that is not found as a free element in nature.
The Iron concentrate is the pure Iron extract from the rock (ore) itself.
Iron is a chemical element with symbol Fe and atomic number 26. Iron is the 4th most abundant metal on earth.
They vary in colour from dark grey to bright yellow, or deep purple to rusty red.
Iron is essential for all living things. Iron in the human body has a number of important functions including carrying oxygen to the body in the form of haemoglobin.
Iron (usually in the form of steel) are used to build machines, vehicles and building structures.
Nigeria has several deposits of iron ore. They are found in the Northern and Southern parts of Nigeria, but the purest deposits are in and around Itakpe in Kogi State.
Iron Ore export can create a great source of employment. International buyers all over the world are always looking to purchase Iron Ore from Nigeria because of its quality, abundance, and price. They come into the country on a regular basis to see how they can guarantee a steady supply of Iron Ore.
China is the top importer of Iron Ore in the world. The explosive demand for this mineral by international buyers makes venturing into the export of Iron Ore minerals from Nigeria to several countries around the world a lucrative export business to start up.
It is exported in either the Iron Ore form or the Iron concentrate form, and are further processed into various forms of alloys or for other uses.
The profit margins on the sale of Iron Ore or Iron Concentrates to international buyers can be anywhere from 15% to 110% depending on if you’re the miner or are purchasing from the mines.
To experience a successful export of this mineral, you have to:
Register Your Export Business
Find The Direct Mines and Sources For Exports
Setup A Proper Business Structure, Trade Process, & Branding and
Source For Buyers
The Iron Ore Mineral export business is a lucrative one for anyone who chooses to venture into the export of solid minerals from Nigeria.
You can also venture into the Iron ore mineral business without cash, in case you don't have the required capital yet. You can simply link a buyer to a seller, and in the process, add a markup price per metric tonne for your organisation, after getting the final selling price from the seller.
We have information as regards to all these and can be of help.