Ministry of Mines and Steel Development INTRODUCTION - Nigeria.pdf · Ministry of Mines and Steel...

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Ministry of Mines and Steel Development Ministry of Mines and Steel Development

INTRODUCTION   Nigeria is located in West Africa with

a population of about 165million   It is endowed with a wide range of

mineral resources found in more than 500 locations spread over 36 States and the Federal Capital Territory

  The Government has created an enabling environment required to stimulate sustained growth through exploration and exploitation of available mineral resources

  A policy that makes the government a regulator / facilitator with the Private Sector as Owner/ Operator;

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b a.  Map of Africa showing the position of Nigeria b. Mineral Ma p of Nigeria

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INTRODUCTION   A modern Minerals and Mining

Act and Regulations that are in line with international standard;

  A transparent mineral title administration that grants titles on first come first served and use it or lose it basis; and

  A Geological Survey Agency that has large geosciences data on mineral resources of the country generated including airborne geophysical surveys.

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Airborne Geophysical Survey Coverage

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WHY INVEST IN NIGERIA’S MINING SECTOR

  Favourable and good geology   Transparent and easy access to Mineral

Rights   Attractive incentives and guaranteed

security of tenure   Availability of mining related

infrastructure in areas with economically viable mineral deposits

  Privatisation and liberalisation of the minerals industry with government playing only regulatory roles

  Readily available geosciences data for prospective investors (the entire country covered by airborne geophysical survey

Major Geological Terrains Over Analy4c Signal

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WHY INVEST IN NIGERIA’S MINING SECTOR (CONTD)

  Stable political and social climate to safeguard investments

  Availability of indigenous professionals and technical manpower

  A government that strongly desires to diversify its economy through mineral exploitation

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Map of Nigeria Showing the 36 States & FCT

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INFRASTRUCTURE

 Rail Network: 4660 km (standard/narrow gauges)

 Road Network: 195,000 km  Major Ports: Lagos, Port

Harcourt, Warri, Calabar, Onne and Sapele

 Major Airports: Abuja, Lagos, Kano, Port Harcourt, Enugu, Kaduna, Maiduguri, Yola, Calabar, Sokoto, Owerri, Jos, Ilorin. National Rail Network

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PROJECTS

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IRON ORE

 Two broad types of iron ore resources occur in Nigeria:  Banded iron formations in folded bands in the

Precambrian rocks e.g. Itakpe, Tajimi  Sedimentry (oolitic) iron ore deposits  Fe contents range between 35 – 50%   Itakpe iron ore deposit is ready for exploitation with a mine

and processing plant in place  Several other iron ore occurrences located in the north

western and north eastern areas of the country

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Iron Ore Projects Deposit Location Reserves (Mil. t) Itakpe Itakpe, Kogi State 310 Ajabanoko Ajabanoko, Kogi State 62 Agbado-Okudu Agbado-Okudu, Kogi State 60 Chokochoko Chokochoko, Kogi State 60 Agbaja Agbaja, Kogi State 1,150 Kotonkarfe Kotonkarfe, Kogi State 850 Tajimi Tajimi. Kogi State 20 Ebiya Ebiya, Kogi state 10 Gidan Jaja Gidan Jaja, Zamfara State 20 Jaruwa Jaruwa village, Kaduna

State >60 (Preliminary Estimates)

Lamba Lamba village,Bauchi State

>60 (resource)

Gidan Buzu Gidan Buzu, Yobe State >65(resource) Gyaza Gyaza, Katsina State >40(resource)) 8

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COAL RESOURCES OF NIGERIA

  Coal exists in 13 States of the country

  Current exploration results indicate over one trillion tonnes

  Development of Coal for power generation – a priority of government

  Clean coal exploitation techniques desired in view of our experiences in oil and gas exploitation

Coal & Lignite bearing States

T a r a b a

B a u c h i

K o g i K w a r a

B e n u e E d o

A d a m a w a

D e l t a

P l a t e a u N a s a r a w a

O n d o I m o E n u g u

A n a m b r a

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COAL PROJECTS

Deposit Loca4on Reserves

Obi -‐Lafia Coal

Obi, Obi LGA, Nasarawa State

128.3 million tonnes

Lamza-‐Chikila Coal

Lamza, Guyuk LGA, Adamawa State

Not determined

Maiganga Coal

Maiganga, Akko LGA, Gombe State

760 million tonnes (inferred)

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GOLD   Gold is known to occur in

several locations   Primary belt stretches

from Osun-Ondo States in the southwest to Niger, Kaduna, Zamfara, Kebbi States in the northwest

  Already Ratel has a proven gold reserve of over 620,000 ounces in their Iperindo property in Osun state

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GOLD PROJECTS State

Location Mineralization Grade

Zamfara Maru In Maru – Zuru Schist belts, the mineralization is made up of gold-quartz-sulphide veins and occurs as structurally controlled primary veins,

Au = 30ppm in Malele Au = 123-6320 ppb in Anka

Anka

Malele

Kaduna Tsohon Birnin Gwari

In Kushaka schist belt, the gold mineralization occurs in reefs between 3-7km long, an associated with pyrite, sphalerite, galena and magnetite.

Variable gold mineralization reaching 5-100gm/t

Kwaga

Kebbi Bin-Yauri In Zuru schist belt with gold sulphide -carbonate veins in a fault zone at the contact of granodiorite batholith.

Gold grades indicating between 5-15ppm have been recorded in vein materials.

Niger Gurmana Located in the southern part of Kushaka schist belt. Gold – quartz sulphide veins are found in amphibolite and gneisses with pyrite chalcopyrite and galena

Kogi Okolom-Dogondaji In Egbe-Isanlu schist belt SW Nigeria with gold-quartz veins hosted in N-S, NNE –SSW trending shear zones as gold sulphide reef system with a total length of 3km 12

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LEAD/ZINC   Lead-Zinc mineralization is

located along Northeast – Southeast belt

  Three belts are outstanding:   Lower Benue Through

mineralization (Abakaliki, etc)   Middle Benue Through

mineralization (Anifu, Awana)   Upper Benue Through

mineralization (Isimiya, Digi etc)   New exploration findings in

several parts of Nigeria

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TAR SAND   Huge reserves of oil sands in

Nigeria   Occur as surface/near surface

impregnated sediments and as subsurface bitumenous sands

  Extensive exploration work carried out in the belt

  Documentation of study results available including correlation panels of wells drilled and cored and unprocessed 2D seismic data

  Blocks delineated for concessioning

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GEMSTONE   Nigeria is endowed with many varieties of

coloured gemstones.   Six types identified for commercial

development:   Aquamarine   Tourmaline   Emerald   Sapphire   Garnet   Ruby

  Other gems of less value occur in abundance;   Topaz   Amethyst   Floride   Zircon   Morganite   Iolite   Kunzite 15

Map of Nigeria showing Gemstone Mineralization

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DIMENSION STONES

 Nigeria has vast deposits of colorful granites and marbles

 Baseline studies concluded  Sensitisation of available

Dimension Stones to professionals and Operators being carried out

 A Standard Testing Laboratory for Dimension Stones being established 16

Bauchi Green Juparana Nigeria

Ikara Yellow Elegance

Miero Black Marble Nassarawa Rose Marble

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INCENTIVES

 Capital allowances of up to 95% of qualifying capital expenditure

 Waiver of customs and import duties for plant , machinery and equipment imported for mining operations

 Three to five years’ tax holiday as applicable; and

 Tax concessions  Ease of entry into the country

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WE LOOK FORWARD TO

SEEING YOU IN NIGERIA

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Ministry of Mines and Steel Development INTRODUCTION - Nigeria.pdf · Ministry of Mines and Steel...

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