Post by Trade facilitator on Sept 15, 2013 11:54:45 GMT 1
The solid minerals highlighted here indicate potential areas of investment opportunities in Nigeria.
Talc: Over 40 million tones deposits of talc have been identified in Niger, Osun, Kogi, Ogun and Kaduna states. The raw Materials Research and Development Council (RMRDC) has the only talc plant in the country, and processes 3,000 tones per annum. The talc industry represents one of the most versatile sectors of the industrial minerals of the world. The exploitation of the vast deposits would, therefore, satisfy both local and export demand.
Gypsum: Gypsum is an important input for the production of cement. It is also used for the production of Plaster of Paris (P.O.P) and classroom chalks. A strategy for large-scale mining of gypsum used in the cement industries is urgently required to sustain the existing plants and meet the future expansion. Currently, cement production in Nigeria is put at 8 million tones per annum, while the national requirement is 9.6 million tones. About one billion tones of gypsum deposits are spared over many states in Nigeria.
Iron Ore: There are over 3 billion metric tones of iron ore deposits Funds in Nigeria. 30.48 million tones are fund in agbaja in Plateau State, 182.5 million tones in Okene in Kogi State and 45.72 million tones in Enugu State. It is used for making steel, transformer and motor cars. Iron Ore is being mined at Itakpe in Kogi State and is already being beneficiated, up to 67 per cent of iron. The Aladja and Ajaokuta Steel complexes are already producing billets and other iron products for down-stream industries.
Lead/Zinc: An estimated 10 million tones of lead/zinc veins are spread over eight states of Nigeria. Proven reserves in three prospects in the east-central area are 5 million tones. Joint venture partners are encouraged to develop and exploit the various lead/zinc deposits all over the country.
Bentonite and Baryte: These are the main constituents of the mud use in the drilling of all types of oil wells. The Nigeria barite has specific gravity of about 4.3. Over 7.5 million tones of barite have been identified in Taraba and Bauchi States. Additional 41,000 and 70,000 tones of which are found Benue and Plateau States respectively, are used as inert volume and weight filler in drilling mud, rubber, glass, paper, etc. or as extender in the plant industry, and as chemicals in the manufacture of glass, heavy printing paper and plastics. Large bentonite reserves of 700 million tones are available in many states of the federation ready for massive development and exploitation.
Gold: There are proven reserves of both alluvial and primary gold in the schist belt of Nigeria, located in the Southwestern part of the country. The deposits are mainly alluvial and are currently being exploited on a small scale. Private investors are invited to stake concessions on these primary deposits.
Bitumen: The occurance of bitumen deposits in Nigeria is indicated at about 42 billion tones; almost twice the amount of existing reserves of crude petroleum. Analytical results indicate that this potential resource can be used directly as an asphalt binder. Most bitumen used for road construction in Nigeria is currently imported.
Coal: Nigeria coal is one of the most bituminous in the world, owing to its low sulphur and ash content and therefore, the most environment-friendly. There are about 3 billion tones of indicated reserves in 17 identified coalfields and over 600 million tones of proven reserves. About 82.2 million tones are found in Enugu state, 189 million tones in Benue state and 32 million tones in Plateau states. It is used as fuel and in industrial production of tar, gas and non-edible oil. Nigeria coal is one of the best quality coal deposits in the world with the lowest sulphur content.
Rock Salt: The national annual demand in Nigeria for table salt, caustic soda, chlorine, sodium bicarbonate, sodium hydrochloric acid and hydrogen peroxide exceeds one million tones. A colossal amount of money is expended annually to import these chemicals by en-users, including tanneries and those in food and beverages, paper and pulp, bottling and oil companies. There are salt springs at Awe (Plateau State), Abakaliki and Uburu (Ebonyi State), while rock salt is available in Benue State. A total reserve of 1.5 million tones has been discovered, and government is now carrying out further investigations.
Gemstones: Gemstones mining has boomed in various parts of Plateau, Kaduna and Bauchi states for years. Some of these gemstones include sapphire, ruby, aquamarine, emerald, tourmaline, and topaz, garnet, amethyst, zircon, the fluorspar, which are among the world’s best. Good prospects exist in this area for viable investments.
Diatomite: 200,000 tones of which are found in Borno State are used in making insect control powder, bond for furnace brick walls and mineral fillers and filters.
Ugnite: 71 million tones of which are found in Delta State; is used in the industrial production of tar, gas, oils and (nitrate) fertilizer.
Columbite: 14,223 tones of which are found in Plateau State are used informing alloys that are useful in nuclear, aerospace and gas turbine engineering.
Tin: 10,546 tones of which are found in Plateau State is employed in plating, production of tin oxide used in paint, paper and ink industries, production of tin oxide resistors and electric lead wires.
Kaolin: An estimated reserve of 3 billion tones of good kaolinitic clay has been identified in many localities in Nigeria Investors are invited to exploit these for export.
Talc: Over 40 million tones deposits of talc have been identified in Niger, Osun, Kogi, Ogun and Kaduna states. The raw Materials Research and Development Council (RMRDC) has the only talc plant in the country, and processes 3,000 tones per annum. The talc industry represents one of the most versatile sectors of the industrial minerals of the world. The exploitation of the vast deposits would, therefore, satisfy both local and export demand.
Gypsum: Gypsum is an important input for the production of cement. It is also used for the production of Plaster of Paris (P.O.P) and classroom chalks. A strategy for large-scale mining of gypsum used in the cement industries is urgently required to sustain the existing plants and meet the future expansion. Currently, cement production in Nigeria is put at 8 million tones per annum, while the national requirement is 9.6 million tones. About one billion tones of gypsum deposits are spared over many states in Nigeria.
Iron Ore: There are over 3 billion metric tones of iron ore deposits Funds in Nigeria. 30.48 million tones are fund in agbaja in Plateau State, 182.5 million tones in Okene in Kogi State and 45.72 million tones in Enugu State. It is used for making steel, transformer and motor cars. Iron Ore is being mined at Itakpe in Kogi State and is already being beneficiated, up to 67 per cent of iron. The Aladja and Ajaokuta Steel complexes are already producing billets and other iron products for down-stream industries.
Lead/Zinc: An estimated 10 million tones of lead/zinc veins are spread over eight states of Nigeria. Proven reserves in three prospects in the east-central area are 5 million tones. Joint venture partners are encouraged to develop and exploit the various lead/zinc deposits all over the country.
Bentonite and Baryte: These are the main constituents of the mud use in the drilling of all types of oil wells. The Nigeria barite has specific gravity of about 4.3. Over 7.5 million tones of barite have been identified in Taraba and Bauchi States. Additional 41,000 and 70,000 tones of which are found Benue and Plateau States respectively, are used as inert volume and weight filler in drilling mud, rubber, glass, paper, etc. or as extender in the plant industry, and as chemicals in the manufacture of glass, heavy printing paper and plastics. Large bentonite reserves of 700 million tones are available in many states of the federation ready for massive development and exploitation.
Gold: There are proven reserves of both alluvial and primary gold in the schist belt of Nigeria, located in the Southwestern part of the country. The deposits are mainly alluvial and are currently being exploited on a small scale. Private investors are invited to stake concessions on these primary deposits.
Bitumen: The occurance of bitumen deposits in Nigeria is indicated at about 42 billion tones; almost twice the amount of existing reserves of crude petroleum. Analytical results indicate that this potential resource can be used directly as an asphalt binder. Most bitumen used for road construction in Nigeria is currently imported.
Coal: Nigeria coal is one of the most bituminous in the world, owing to its low sulphur and ash content and therefore, the most environment-friendly. There are about 3 billion tones of indicated reserves in 17 identified coalfields and over 600 million tones of proven reserves. About 82.2 million tones are found in Enugu state, 189 million tones in Benue state and 32 million tones in Plateau states. It is used as fuel and in industrial production of tar, gas and non-edible oil. Nigeria coal is one of the best quality coal deposits in the world with the lowest sulphur content.
Rock Salt: The national annual demand in Nigeria for table salt, caustic soda, chlorine, sodium bicarbonate, sodium hydrochloric acid and hydrogen peroxide exceeds one million tones. A colossal amount of money is expended annually to import these chemicals by en-users, including tanneries and those in food and beverages, paper and pulp, bottling and oil companies. There are salt springs at Awe (Plateau State), Abakaliki and Uburu (Ebonyi State), while rock salt is available in Benue State. A total reserve of 1.5 million tones has been discovered, and government is now carrying out further investigations.
Gemstones: Gemstones mining has boomed in various parts of Plateau, Kaduna and Bauchi states for years. Some of these gemstones include sapphire, ruby, aquamarine, emerald, tourmaline, and topaz, garnet, amethyst, zircon, the fluorspar, which are among the world’s best. Good prospects exist in this area for viable investments.
Diatomite: 200,000 tones of which are found in Borno State are used in making insect control powder, bond for furnace brick walls and mineral fillers and filters.
Ugnite: 71 million tones of which are found in Delta State; is used in the industrial production of tar, gas, oils and (nitrate) fertilizer.
Columbite: 14,223 tones of which are found in Plateau State are used informing alloys that are useful in nuclear, aerospace and gas turbine engineering.
Tin: 10,546 tones of which are found in Plateau State is employed in plating, production of tin oxide used in paint, paper and ink industries, production of tin oxide resistors and electric lead wires.
Kaolin: An estimated reserve of 3 billion tones of good kaolinitic clay has been identified in many localities in Nigeria Investors are invited to exploit these for export.
