Lead Ore
Galena is the main ore of lead, used since ancient times. Because of its somewhat low melting point, it was easy to liberate by smelting.
In some deposits galena contains about 12% silver, a byproduct that far outweighs the main lead ore in revenue. Galena deposits often also contain significant amounts of silver as included silver sulfide mineral phases or as limited solid solution within the galena structure. These argentiferous galenas have long been the most important ore of silver
Galena deposits are found worldwide in various environments. Noted deposits include those at Freiberg in Saxony; Cornwall, the Mendips in Somerset, Derbyshire, and Cumberland in England; the Madan, Rhodope Mountains in Bulgaria; the Sullivan Mine of British Columbia; Broken Hill and Mount Isa in Australia; and the ancient mines of Sardinia. Galena also occurs in North African countries and at Mount Hermon in Northern Israel. In the United States, it occurs most notably in the Mississippi Valley type deposits of the Lead Belt in southeastern Missouri, and in the Driftless Area of Illinois, Iowa and Wisconsin. The economic importance of galena to the early history of the Driftless Area was so great that one of the towns in the region was named Galena, Illinois.
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 lead ore. It is estimated that the nations has over 10, 000, 000 tons of lead 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 lead ore from Nigeria
Lead 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 lead ore is usually a function of the percentage of metal found in them and the going LME {London Metal Exchange} price.
The manpower required to run the project is between 1-2 persons with one purchasing the ore from the mines and the other selling to the buyers, though these process can be handle by one person.
The market for lead ore especially the overseas market in China is large, expanding and sustainable because of the numerous uses of lead ore. Buyers usually would like to secure steady source of supply of these products.
