Tungsten Ore(10%) Mining and Processing to Tungsten Ore(65%) in Nigeria-II

Tungsten consumption from other electronic and electrical applications, including electrical contacts, electron emitters and lead-in wires, is forecast to grow at 5.4% per annum through to 2018, more than double the overall trend.

The resistance of tungsten to wear and corrosion and its ability to withstand arcing make it a suitable metal for use in contacts and voltage regulators. Demand from these applications however is minor in term of volume, meaning by 2018 their share of demand would only be 2%.

This report seeks to examine the financial viability or otherwise of mining tungsten ore 10% and processing same into tungsten ore 65%. Processing and separation of the tungsten would be done in any of the processing plant stated in the body of the report.

The business would entail using mechanized method of mining to produce 250 tons per month of tungsten ore in which minimum of 25 tons of 65% tungsten would be extracted.

In the above projections 100tons of rocks with 10% tungsten content will give 10 tons of pure 100% tungsten which should translate to approx. 15 tons of 65% grade but putting recoveries and loss of material during processing and to allow for low expectations associated with mineral processing. We use a 10 tons of 65% grade in our estimates, possibilities are there that we might be able to achieve more than 10 tons.

The required start-up capital estimate of the business is N 64,000,000.00 and it would be funded from 30% equity N 19,200,000.00 and 70% loan N 44,800,000.00. the loan would be  used to finance our purchase and installation of the production plant and the working capital.

 

Tungsten Powder Manufacturer & Supplier: Chinatungsten Online - www.tungsten-powder.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
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