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Mining is a pre historic activity and catalyst in the evolution of man. In recent times, it has been a lucrative investment opportunity for both private and public sectors of the global economy. Several opportunities for mining companies/businesses in Nigeria and the world are:
The two main types of mining companies/businesses in Nigeria and other parts of the world: 1. Small scale mining 2. Large scale mining
1). Get The Necessary Licence Permits:
Before starting out, decide and get information on the particular permits needed for your venture. Important license permits in Nigeria include small or large scale mining lease, quarry lease, water use permit, reconnaissance permit, and an exploration license. The Nigerian Cadastre office oversees all the mining activities within the country. You will need to gather the correct information on their operations and requirement and then register your mining company.
2). Business Plan:
A mining business plan must be detailed and all encompassing because of the high risk and capital intensive nature of this business. It is also imperative to carry out feasibility studies and work out provisions for capital expenditures.
3). Survey Mine Site:
Surveying the site of the mineral deposit you intend to extract is an important step of the process. Here, every detail on the quality and quantity of the minerals can be recorded for necessary documentation and analysis.
Some of the major challenges of mining companies and businesses in Nigeria are: 1. Lack of a skilled workforce in fields like engineering, mining geology, and project design. 2. The prevalent infrastructural imbalance within Nigeria, specifically inaccessible roads and inadequate power supply are major roadblocks in mining operations. 3. Safety hazards are reoccurring challenges in mining operations. Mining can also be detrimental to the health of mine workers, the community, and the environment. 4. Challenges with capital and operation finance impede the growth of some mining companies. 5. Securing mining sites and stored mineral from vandals within a community is one of the issues mining companies have to deal with constantly. 6. High cost of mining equipment leads to very low and inefficient productivity. See Also: How To Create 10 Million Jobs In The Nigerian Solid Minerals Industry
With the large deposits of various kinds of minerals, individuals or groups interested in mineral extraction can start up lucrative mining companies in Nigeria. However, mining is a risky venture that should be taken on after serious consideration and preparation. Taking the right steps in setting up your mining company is a sure way of ensuring high rewards for your efforts.
Business Overview 1.1 Description of the Business 1.2 Incentives / Government Policy 1.3 Obtaining a Mining Permit in Nigeria and Associated fees 1.4 Occurrence and Distribution of the mineral in Nigeria 1.4 Critical Success Factor of the Business 1.5 Description of the Business Industry 1.6 Contribution to Local and National Economy 2.
Granite Quarry In Nigeria The Business Plan. Sand mining business plan in nigeria beneficio sand mining business and start granite quarry in nigeria the business business plan on export and ftmlie materials and machines for granite quarry business plan in nigeria stripping drilling equipment excavators wheel
The Financial Plan for Mining Quarry Business Plan with Feasibility Study for Sand Gravel Clay Mining Furthermore, the materials and equipment required for Solid mineral business in Nigeria include mining trucks, office building, truck maintenance tools, company vehicles, weighing and measuring tools.
The mining industry in Nigeria is regulated by the The Nigerian Minerals and Mining Act of 2007, National Minerals and Metals Policy 2008 and Nigerian Minerals and Mining Regulations 2011. The percentage of royalty charged in the mining industry in Nigeria range between 3% 5%.
The mining business plan in Nigeria is a very viable business idea and will require a lot of strategic planning to get it started. You will need the professional backing and mentorship of a sound business consultant in Nigeria like Dayo Adetiloye to help you in implementing the business idea.
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See full list on startuptipsdaily
Mining is a pre historic activity and catalyst in the evolution of man. In recent times, it has been a lucrative investment opportunity for both private and public sectors of the global economy. Several opportunities for mining companies/businesses in Nigeria and the world are:
See full list on startuptipsdaily
See full list on startuptipsdaily
The two main types of mining companies/businesses in Nigeria and other parts of the world: 1. Small scale mining 2. Large scale mining
See full list on startuptipsdaily
1). Get The Necessary Licence Permits:
Before starting out, decide and get information on the particular permits needed for your venture. Important license permits in Nigeria include small or large scale mining lease, quarry lease, water use permit, reconnaissance permit, and an exploration license. The Nigerian Cadastre office oversees all the mining activities within the country. You will need to gather the correct information on their operations and requirement and then register your mining company.
2). Business Plan:
A mining business plan must be detailed and all encompassing because of the high risk and capital intensive nature of this business. It is also imperative to carry out feasibility studies and work out provisions for capital expenditures.
3). Survey Mine Site:
Surveying the site of the mineral deposit you intend to extract is an important step of the process. Here, every detail on the quality and quantity of the minerals can be recorded for necessary documentation and analysis.
See full list on startuptipsdaily
Some of the major challenges of mining companies and businesses in Nigeria are: 1. Lack of a skilled workforce in fields like engineering, mining geology, and project design. 2. The prevalent infrastructural imbalance within Nigeria, specifically inaccessible roads and inadequate power supply are major roadblocks in mining operations. 3. Safety hazards are reoccurring challenges in mining operations. Mining can also be detrimental to the health of mine workers, the community, and the environment. 4. Challenges with capital and operation finance impede the growth of some mining companies. 5. Securing mining sites and stored mineral from vandals within a community is one of the issues mining companies have to deal with constantly. 6. High cost of mining equipment leads to very low and inefficient productivity. See Also: How To Create 10 Million Jobs In The Nigerian Solid Minerals Industry
See full list on startuptipsdaily
With the large deposits of various kinds of minerals, individuals or groups interested in mineral extraction can start up lucrative mining companies in Nigeria. However, mining is a risky venture that should be taken on after serious consideration and preparation. Taking the right steps in setting up your mining company is a sure way of ensuring high rewards for your efforts.
See full list on startuptipsdaily