Tag Archives: Nickel

FG Confirms Discovery Of Nickel In Nigeria.

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The Ministry of Solid Minerals Development has confirmed the discovery of Nickel in parts of Kaduna State, northern Nigeria.

 

It said the discovery occurred some months back and experts from the ministry have been following the development as approved by law.

 

A private mining syndicate headed by Mr. Hugh Morgan, a mining industry veteran made the discovery, which it said, was potentially of high quality, The Australian, an Australian national newspaper, said in a report.

 

According to the newspaper, the discovery is unusual because the nickel is found in small balls up to 3mm in diameter of high purity in shallow soils in what could be the surface expression of a much bigger hard-rock nickel field.

 

Nickel, a silvery-white lustrous metal with a slight golden tinge, sells for about $4.43/LB in the international markets. It is used in the manufacture of several steel/metal based items including coins and alloy based products.

 

Some of world’s largest producers of the metal include Australia, Botswana, Brazil, Indonesia, Canada and China.

The Ministry of Solid Minerals Development is aware of the excitement in the media about the discovery of Nickel in parts of Kaduna State. This is totally understandable considering the partial assay of the mineral assets referenced.

 

The Ministry is aware of the occurrence of the mineral in the area.

 

Since the first discovery many months ago, technical experts from the ministry have been following up on this development as provided by law.

 

We appeal to the general public to allow the Ministry to come up with detailed reports on the new find, the statement by Mohammed ABBAS, Permanent Secretary of the Ministry said.

 

The Minister for Solid Minerals Development, Dr. Kayode Fayemi, has amplified Nigeria’s intention to grow its mining sector by attracting billions of dollars in new investments

 

Earlier this month, he told Bloomberg that about $US5 billion would jump-start the sector. “In two to five years, we would have started production of iron ore, lead, zinc, bitumen, nickel, coal and gold at a serious scale,” he added.

World Class Mineral Discovered In Nigeria, Govt. To Sign Exploration Deal With Australian Firm

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A private mining syndicate has made a potentially “world class and highly unusual” Nickel discovery in Nigeria, The Australian, an Australian national newspaper is reporting.

The private mining syndicate is reportedly headed by Hugh Morgan, a mining industry veteran.

“The discovery is unusual because the nickel is found in small balls up to 3mm in diameter of a high purity in shallow soils in what could be the surface expression of a much bigger hard-rock nickel field,” the newspaper said.

“The nickel balls, rumoured to grade better than 90 per cent nickel and thought to be a world first given their widespread distribution, offer the potential for early cashflow from a simple and low-cost screening operation to fund a full assessment of the find that has exploration circles buzzing.”

Details of the discovery are sketchy, according to the newspaper, but it was rumoured to be close to Dangoma, a small farming town about 160km northeast of the Nigerian capital of Abuja.

Checks by showed that Dangoma is located in the North-West state of Kaduna.

When asked to comment last week, Mr Morgan reportedly said it was for the Nigerian government to make an announcement.

Kayode Fayemi, the Minister for Solid Minerals, will be among the speakers at a three-day Africa Down Under mining conference at Perth’s Pan Pacific Hotel, Australia, in September.

Read More:

http://www.premiumtimesng.com/news/headlines/209488-world-class-nickel-discovered-nigeria-govt-sign-exploration-deal-australian-firm.html