"I can assure you that Nigeria will eventually become a mining destination," Oworu said optimistically. In 2012 Ian Bruston, an Australian researcher and businessman, announced the discovery of iron ore of commercial quantity in Kogi State, making it the first ever JORC Iron Ore resources discovered in Nigeria, according to Bruston.

The average iron ore content of the ore deposit was de-termined to be approximately 35% 11 . It has an esti-mated iron ore reserve of 200 million tons. The study therefore is to determine the economic viability of iron ore production in Nigeria. It is expected that the result will guide prospective investors or entrepreneurs before

Nigeria is blessed with all the major raw materials needed for the production of iron and steel including 3 billion tonnes of iron ore (Adebimpe and Akande, 2011; Bamalli et al., 2011; Nigerian ...

Kogi Iron Limited is an ASX-listed company (ASX: KFE) with the intent to build a cast steel plant on the Agbaja Plateau in Kogi State, Nigeria. The project will utilise company leased iron ore deposits and will supply a cast steel feedstock to steel manufacturing and product fabricators in Nigeria and overseas. Read More.

Iron ore rocks are usually found in the form of hematite (Fe2O3) or magnetite (Fe3O4). About 98% of world iron ore production is used to make iron in the form of steel. Although iron in cast form has many specific uses (e.g. pipes, fittings, engine blocks), its main use is to make steel.

The mining of minerals in Nigeria accounts for only 0.3% of its gross domestic product, due to the influence of its vast oil resources. The domestic mining industry is underdeveloped, leading to Nigeria having to import minerals that it could produce domestically, such as salt or iron ore.Rights to ownership of mineral resources is held by the Federal government of Nigeria, which grants titles ...

The rate of steel consumption of a Nation is a direct reflection of the economical and technological advancemenet of such a Nation and if Nigeria is to increase her steel consumption from its current level, massive investment in the exploitation and processing of iron ore is required. Nigeria's national annual demand for iron rod which ...

Nigeria is blessed with all the major raw materials needed for the production of iron and steel including 3 billion tonnes of iron ore (Adebimpe and Akande, 2011; Bamalli et al., 2011; Nigerian ...

Iron ore production Nigeria equipment to sustain iron ore mining and human capital limitation, are f Sustenance Likelihood Short-run. Given the attention of Nigerian policymakers to the sustenance of iron ore production in the national discourse on economic diversification. This write-up logically points out

History. The iron and steel industry in Nigeria started by government intervention through the construction of various steel rolling mills. After iron ore deposits were discovered in old Kwara State in the 1950s, the Nigerian First Republic government began active planning and mapping of strategies for local production of iron rods and steel. However, many proposals presented by foreign ...

The iron ore reserves in the area mentioned above in Nigeria are more than 200 million tons. Uses of Iron Ore Iron is the 3rd widely used metal in Africa and the world as a whole, and is; • The principal use of iron ore lies in iron production, which is used in making steel, and then, the steel can be put into a wide range of several uses.

Two grades of iron ore came out of this venture: i) The beneficiated NIOMCO ore with Fe total of 65.74%. ii) The re-beneficiated NIOMCO ore with Fe total of 67.40%. These formed part of the initial efforts and success in the production of steel from the locally available iron ore at Itakpe in the middle belt region of Nigeria. PELLETIZING OF ...

Detailed investigation established the reserves to be about 200 million tonnes with an approximate iron (Fe) grade of 36%. Decree No. 60 of 19th September, 1979 dissolved the NSDA and established six companies, one of which was Associated Ores Mining Company (AOMC). AOMC was later renamed National Iron Ore Mining Company (NIOMCO) in February 1987.

Nigeria started in 1958, while exploration of iron ore started in 1963, and by 1972, commercial quantities of iron ore was discovered at Itakpe. Other discoveries soon f ollowed.

iron ore concentrates to the international market after local needs have been satisfied. IV. To promote the interest of the Central Government of Nigeria in foreign iron ore mining projects, for example in the Mifergui Nimba iron ore project in the Republic of Guinea where Nigeria has 16% shareholding.