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A Manual On The Processing And Export Of Lead, Zinc And Copper Ores. by xiolla: 3:21pm On Jan 15, 2009 |
A Manual on the processing and export of Lead, Zinc and Copper ores. For the benefit of those who need to know, an attempt would be made to define mineral and metal ore. Mineral is an inorganic substance found in nature with a characteristics chemical composition and in some cases, of definite crystal structure. The earth crust contains rocks of different composition with different physical properties. Some hard, some soft. Rocks are the materials which the earth's upper crusts are made of. Rocks are themselves composed of minerals. Minerals are naturally occurring elements like Gold, or a compound such as Iron Oxide. If a rock contains a mineral from which a metal can be extracted at a profit, it is call an Ore. For example, copper Ore. Uses Depending on the mineral that can be found in the rock, the ore can be subjected to various uses. This is due to the fact that the rocks are of different composition hence different physical properties. We shall concentrate on the uses of Lead , Zinc and Copper Ores. Lead Ore : Some of the uses of Lead are given below. Lead is a major constituent of Lead- Acid battery. Lead is used as a coloring element in ceramic glazes, notably in the colors red and yellow. Lead is used as projectiles for firearms and fishing sinkers because of its density. Low cost compared to alternative products and ease of use due to relatively low melting point. Lead is also used in high voltage power cables as sheathing material to prevent water diffusion into insulation Zinc Ore: The major uses of Zinc are > Anti – Corrossion coating on steel { Galvanizing } > Precision Components {Die Casting} > Construction Material >Brass > Pharmaceuticals and cosmetics Copper Ore: Copper is malleable and ductile, a good conductor of heat and, when very pure, a good conductor of electricity. Copper has been used as water-proof roofing material since ancient times, giving many old building their greenish roofs and domes. As a material in the manufacture of computer heat sinks, as a result of it's superior heat dissipation capacity to aluminium. The market for Lead, Zinc and Copper ores especially the overseas market in China is large, expanding and sustainable because of the numerous use of these ores. Buyers usually would like to secure steady source of supply of these products. An exporter that is able to secure a contract at the right price would have an uphill task meeting the demand of the buyer because the output from the mines in Nigeria is low due to the use of crude implement. You can imagine a situation whereby the daily need of the factory of the buyer is 600/MT and the exporter would struggle to supply 500/MT on a monthly basis. A detailed analysis of the cost and profit of the three ores namely Lead, Zinc and Copper is given below. For Lead Ore 50%: International Market . Cost of 1 ton of Lead Ore 50% at site = N40, 000/MT Cost of 60 tons = N2, 400,000 Cost of 2% PB =N127,500 {When price is $850 and Quantity 60 tons} Cost of transportation to site of Crushing/loading = N10,000/3 tons Cost of 60 tons =N200,000{ Please do know that this cost can be eliminated if the site is accessible} Cost of Crushing @ N40/Bag = N48,000 {Since 1 ton = 20 bags of 50 KG each} Cost of packaging = N5000 Cost loading to the truck @ N20/ Bag = N24,000 Cost of transportation to Warehouse/Port = N180,000/30 tons =N360,000/60 tons Cost of Testing =N100,000 Cost of Freight = N78,000/20 FT Container {Since 20 tons= one 20 FT container, N78,000 * 3 = N234,000 Warehousing = N100,000 Deposition Fee = N150,000 { Returnable after shipment of goods} Agent Fee = N80,000 Miscellaneous = N100, 000 Total = N3, 928,500 It is important that the exporter confirms the prices given above before going into the business because the prices of Lead Ore and the other services mentioned are not stable. With a good arrangement with the forwarding agent, the exporter can eliminate the cost of warehousing and deposition fee by choosing another shipping company with good freight cost. The miscellaneous expenses can not be more than N70, 000 but just to be a safe side, let put it at N100, 000. As previously stated, the price of lead ore is usually a function of the lead content in the Ore and also the LME price. For this analysis, we would assume that the lead content is 50% and exporter was able to sign a contract at the price of $850/MT and Pro Rata at $13.7/1% . Given that we are dealing with 60 tons, below are the calculations 60 * $850/MT = $51,000 @ $1= N120 $51,000 = N6, 120,000 Profit = N6, 120,000 - N3, 928,500 = N2,191,500 This is the basic profit the exporter would make as profit without returning of the Cost of 2% PB and Deposition Fee. Knowing that the Lead content is not stable and say the actual lead content is 56% and Pro-Rata at $13.7/1%, the calculation would now be {56-50}% = 6% *$13.7= $82.2 $850 + $82.2 = $932.2 $932.2 * 60 tons = $ 55,932 @ $1=N120 = N6,711,840 Profit = N6,711,840 - N3, 928,500 = N2,783,340 For Lead Ore 50%: Local Market . In the local market , delivery is usually done on Ex-warehouse basis .That is, the cost of talking the goods to the warehouse of the buyer . The distance of the warehouse from the mine usually affects the price. Delivery can also be at site .This is a situation where the buyer is buying at the mining site of the Exporter/miner. Ex-warehouse price are usually in Naira and and if the destination to be delivered to is Lagos ,the price ranges from N65,000/MT –N80,000/MT depending on the negotiating skills of the seller and on the lead content. If the seller was able to to get an LPO for lead ore 50% N72,000/MT and Pro-Rata at N1000/1% , Below would be the calculation Cost of 1 ton of Lead Ore 50% at site = N40, 000/MT Cost of 60 tons = N2, 400,000 Cost of transportation to site of Crushing/loading = N10,000/3 tons Cost of 60 tons =N200,000{ Please do know that this cost can be eliminated if the site is accessible} Cost of Crushing @ N40/Bag = N48,000 {Since 1 ton = 20 bags of 50 KG each} Cost of packaging = N5000 Cost loading to the truck @ N20/ Bag = N24,000 Cost of transportation to Warehouse/Port = N180,000/30 tons =N360,000/60 tons Miscellaneous = N100, 000 Total = N2,677,000 Price of goods to Lagos =N72,000 /ton = N72,000 * 60 tons =N4320,000 Profit =N4320,000 - N2,677,000 = N 1,543,000 If the actual lead content is 56% and Pro-Rata at N1000/1% {56-50}% =6% * 1000 = N6000 = N72,000 + N6000 = N78,000 = N78,000 * 60 tons = N4,680,000 Profit = N4,680,000 - N2,777,000 = N1,903,000 . For the Zinc and Copper Ores: Overseas Market ; The cost of procuring Zinc and Copper ores from the mine is almost the same but for the fact that Zinc Ore would be at 50% and Copper Ore at 20%. Cost of 1 ton at site = N30, 000/MT Cost of 60 tons = N1, 800,000 Cost of 2% PB =N93,600 {When price is $650 and Quantity 60 tons} Cost of transportation to site of Crushing/loading = N10,000/3 tons Cost of 60 tons =N200,000{ Please do know that this cost can be eliminated if the site is accessible} Cost of Crushing @ N40/Bag = N48,000 {Since 1 ton = 20 bags of 50 KG each} Cost of packaging = N5000 Cost loading to the truck @ N20/ Bag = N24,000 Cost of transportation to Warehouse/Port = N180,000/30 tons =N360,000/60 tons Cost of Testing =N100,000 Cost of Freight = N78,000/20 FT Container {Since 20 tons= one 20 FT container, N78,000 * 3 = N234,000 Warehousing = N100,000 Deposition Fee = N150,000 { Returnable after shipment of goods} Agent Fee = N80,000 Miscellaneous = N100, 000 Total = N 3,294,600 The Exporter/ Seler can get a contract at $650/MT for Copper Ore 20% and Zinc Ore 50% .Given that the Pro-Rata is $10/1% ,then the calculation would be 60 * $650/MT = $39,000 @ $1/N120 =N4,680,000 Profit = N4,680,000- N 3,294,600 = N 1,385,400 If the Zinc and Copper content is actually 52% and 22% respectively ,then the calculation would be 2% * $10 = $20 $650+ $20 = $670 $670* 60 = $40,200 @ $1/N120 =N4,824,000 Profit = N4,824,000 - N 3,294,600 =N1,529,400. For the Local Market ; Given that the seller secured the LPO at N50,000 and Pro- Rata at N1000/1% , the calculation is given below Cost of 1 ton at site = N30, 000/MT Cost of 60 tons = N1, 800,000 Cost of 2% PB =N93,600 {When price is $650 and Quantity 60 tons} Cost of transportation to site of Crushing/loading = N10,000/3 tons Cost of 60 tons =N200,000{ Please do know that this cost can be eliminated if the site is accessible} Cost of Crushing @ N40/Bag = N48,000 {Since 1 ton = 20 bags of 50 KG each} Cost of packaging = N5000 Cost loading to the truck @ N20/ Bag = N24,000 Cost of transportation to Warehouse/Port = N180,000/30 tons =N360,000/60 tons Miscellaneous = N100, 000 Total = N2,630,000 Profit = N50,000 * 60 = N3,000,000 = N3,000,000- N2,630,000 = N370,000. For a detailed Feasibility study report ,Please contact the author on 07082530855 or ikedike2002@yahoo.com Geologist Anaekwe Everistus Nnamdi. Fora Index. Lagos. |
Re: A Manual On The Processing And Export Of Lead, Zinc And Copper Ores. by sonety2k(m): 6:39pm On Feb 04, 2009 |
@xiolla PLEASE KINDLY SEND ME YOUR FULL FEASIBILITY STUDY REPORT FOR THE Manual processing and export of Lead, Zinc and Copper ores TO MY MAIL BOX = sonety2k@yahoo>com |
Re: A Manual On The Processing And Export Of Lead, Zinc And Copper Ores. by zincleadore: 11:56am On Jun 24, 2013 |
We are a company based in the Northern Part of Nigeria. We are suppliers of Lead Ore, Zinc Ore, Columbite, Tin, Zircon, Iron, Silicon Sand, Coal. Also, We supply agro produce like Garcinia Kola, and other cash crops. We would like to partner company's in regards the above listed produce for trade reasons. Kindly revert if we meet any of your supply demand. Thank you, Sanmi Ayo, Sales Representative Masterminds Integrated Concept LTD +234 703 270 5086 1 Like |
Re: A Manual On The Processing And Export Of Lead, Zinc And Copper Ores. by justyinka(m): 3:35pm On Nov 04, 2013 |
we are NextMove Global Logistics,a clearing and forwarding company, we can forward all type of your commodity/product to any country at a very low charge be it the below listed commodities processed wood Cassava Charcoal Cashew nut Chilly pepper (Dried) Cocoa beans Coffee Finished Leather Ginger Groundnut Gum Arabic Horns (Cow) Hibiscus Flower Kola nuts Rubber Sesame Seed Shea nuts/Shea butter Soya beans Hides and Skins Wheat Pellets contact us at NextMove Global Logistics No 35, Railway Shopping Complex,Burma road Apapa Lagos justyinka23@gmail.com 08035308511 |
Re: A Manual On The Processing And Export Of Lead, Zinc And Copper Ores. by Maranzano(m): 11:12am On Jun 23, 2015 |
Your post on feasibility of Lead marketing is quit educative. Please can i get an updated version of the write up? I know the prices of mineral commodities vary with time. I will reach you through your contact. Thanks for educating me on this forum |
Re: A Manual On The Processing And Export Of Lead, Zinc And Copper Ores. by Aufbauh(m): 10:39am On Mar 04, 2017 |
Very insightful! |
Re: A Manual On The Processing And Export Of Lead, Zinc And Copper Ores. by shlax001: 6:30pm On May 18, 2017 |
i have really learnt a lot from this and i must confess that you have really done a good and detailed analysis for anyone to understand ,but this has been put together since 8yrs ago and i want to know if it is possible for me to get the recent pricing and analysis from you.if so kindly tell me how so that i can follow through.thanks. |
Re: A Manual On The Processing And Export Of Lead, Zinc And Copper Ores. by fadaland: 2:55pm On May 19, 2020 |
LEAD ORE IS CURRENTLY AVAILABLE EX-PORTHARCOURT WAREHOUSE, ENQUIRIES WHATSAPP 08023140354 |
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