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Zinc Ore Export In Nigeria; The Feasibility Report.

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Zinc Ore Export In Nigeria; The Feasibility Report.

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The mining industry is easily recognized as one of the most valuable sectors of an industrialized economy because of its linkage to other sectors of development and its enormous capacity to support and simulate growth in virtually all sectors of the economy.

Product Description

As Nigeria strives to achieve vision 20:2020 which is to be amongst the top 20 economies by the year 2020, it is important that government pay attention to the development of the various minerals deposits in the country because of the nations comparatively advantage over its neighbors in this area.

In fact , it can be said that the more a nations mining industry grows , the more they prosper economically and examples can be seen across the world from Canada to Australia, India ,they all have a vibrant mining industry.

One of the minerals that can be found in the country is zinc ore. It is estimated that the nations has over 10,000,000 tons of zinc ore deposit and to take advantage of this resources, interested investors can mine/source and export the product.

The objective of this feasibility report is to expose the financial viability and other requirements of exporting zinc ore from Nigeria

Zinc ore is usually sourced from mining sites which is scattered in different parts of the country especially in the northern part of the country.

The price of the zinc ore is usually a function of the percentage of metal found in them and the going LME {London Metal Exchange} price.

The market for zinc ore especially the overseas market in China is large, expanding and sustainable because of the numerous uses of zinc ore. Buyers usually would like to secure steady source of supply of these products.

An exporter that is able to secure a contract at the right price would have an uphill task meeting the demand of the buyer because the output from the mines in Nigeria is low due to the use of crude implement. You can imagine a situation whereby the daily need of the factory of the buyer is 600/MT and the exporter would struggle to supply 500/MT on a monthly basis.

The return on investment on the export of zinc ore is estimated between 10%- 15%.

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