A higher Zinc grade has been discovered in large quantity along the Benue Trough by an Australian mineral firm, Symbol Mineral, the company has announced.

The Zinc, is about 300 percent above the global grade and already exploration activities have commenced in some sites, the Minister of States for Mines and Steel Development, Abubakar Bawa Bwari said yesterday.

Symbol Mineral, Chief Executive Officer, Tim Wither said in a presentation made at the World Mining event titled: Africa Down Under 2018 at Australia at the weekend that the firm obtained a 25- year license to explore the minerals in 510 km2 of exploration tenement along the Benue Trough.  He said one of the projects titled: Imperial, has 30 priority targets, most of them have shallow historic workings with visible ZINC mineralisation. “The Diamond Drilling Results confirms exceptional high grades of Zinc and the company has already commenced application of modern geophysics”, said Wither

He said another project site called: Tawny located approximately 150 km east of Abuja, 4 kilo mitre from major highway, along the Middle Benue Trough is a 7km2 exploration license.

He explained that all the projects have no funding challenges as the company adopted self-funding exploration model.

Minister said who revealed the exploration project at the Nigeria Metallurgical Industry Stakeholders Forum in Abuja yesterday said, Nigeria is now regarded as the most focus on minerals among all the African countries.

Bwari however said the greatest challenge of mining investors in Nigeria is lack of funding from the financial institutions. He said most of the international and local investors at the event lamented poor funding of mining activities by banks in Nigerian. He said the banks also have low understanding of mining operations in the country which limited their capacity to participate in such activities.

In as much as government is paying attention to mining, there is the need for banks and other participant to play their roles in order to promote mining activities.

Zinc, a blue-gray, metallic element, is a moderately good conductor of electricity.  The most common alloy is brass, which is a mixture of zinc and copper.

Zinc is relatively non-reactive in air or water. Consequently, it is applied in thin layers to iron and steel products that need to be protected from rusting. This process is called galvanizing.

Zinc is used in making rubber and paint, chemicals, agricultural applications, in the rubber industry, in TV screens, fluorescent lights and for dry cell batteries.

Source: https://www.dailytrust.com.ng/firm-discovers-high-quality-zinc-in-bauchi-nassarawa-minister.html

Ibadan people will be happy now

price of zink roof will fall for my ibadan ppl

[color=#000099][/color]I am happy to hear this. The mid-Benue trough are greatly endowned in this deposit. However as a Medical Geologist, it may not be a good news for the ecology and human health, because Zn and Pb are generally two dangerous jolly fellows.

olawalepopoola:
I am happy to hear this. However as a Medical Geologist, it may not be a good news for the ecology and human health, because Zn and Pb are generally two dangerous jolly fellows.

really? What about our people in ibadan?

This is not a matter of joke. Zinc deposits may bring in large amount of wealth but it is not comparable to the lives that may be lost. Anka in Zamfara state lost approximately 600 to 700 children in a day in 2012 which worth more than billions generated from gold deposit in the area.
EIA will be highly needed in this area.

If the rail system were adaquate at dry ports they reduce shipping cost. Kaduna is close to Bauchi and Nassarawa. They would export to China and Europe all the same. Maybe their investors will ask them about it.

Guy calm down symbol mining already has all the neccessary approvals. They arent like the illegal miners in Zamfara. They got lead poisoning because they didnt take safety precautions. Check their website for more information.

olawalepopoola:
This is not a matter of joke. Zinc deposits may bring in large amount of wealth but it is not comparable to the lives that may be lost. Anka in Zamfara state lost approximately 600 to 700 children in a day in 2012 which worth more than billions generated from gold deposit in the area.
EIA will be highly needed in this area.

Front page: Lalasticlala

FYI the website put wrong compay name. Its Symbol Mining not Symbol Mineral.

good news only if the government can follow it up









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I'm more interested in the revenue generated and another thing can't we processed it to a finished goods instead of exporting the whole raw material

olawalepopoola:
[color=#000099][/color]I am happy to hear this. The mid-Benue trough are greatly endowned in this deposit. However as a Medical Geologist, it may not be a good news for the ecology and human health, because Zn and Pb are generally two dangerous jolly fellows.

U sabi... Ur mineralogy rich

All this exploration that we won't still see the benefit. All the money accrued from this would just find their way into the accounts of a "privileged few".

What a sad country.

What are you crying about. The benefits have been spread far and wide. Those "privileged few" invested their time time and money to the projects success. If you want to benefit do the same by purchasing stock in the company.

TheUbermensch:
All this exploration that we won't still see the benefit. All the money accrued from this would just find their way into the accounts of a "privileged few".

What a sad country.

Hmm I came to read cos last last common citizen would read about the zinc loot...

These people don't trust Nigerians a bit online, but Nigeria is their favorite place for mining and ripping of other countries' economies.

This is nice. I do hope our government would make effective use of the discovery for the benefit of our dear country.

At the risk of coming off as a hater, this is not a very good news on 3 fronts:

1. Just like the sales of crude oil, no country has ever developed by just exporting raw materials. We cannot keep being an extractive economy. This is the stage most developed countries today practiced in the 17th century.

2. Zinc mining is very dangerous for a people who have crass disregard for safety standards. I'm hoping this will be different.

3. Local investors can't fund this.
Foreign investors will take over like they did in the oil industry.

To develop, we must export. And the export has to be refined or at least semi refined products for now.

olawalepopoola:
[color=#000099][/color]I am happy to hear this. The mid-Benue trough are greatly endowned in this deposit. However as a Medical Geologist, it may not be a good news for the ecology and human health, because Zn and Pb are generally two dangerous jolly fellows.

What's the difference between a medical geologist and an economic geologist?

Bauchi and Nasarawa people are now ready for restructuring with this discovery.

C

By an Australian firm? With hundreds of secondary schools (aka universities) in Nigeria?

What is the meaning of tertiary education in Nigeria?

Read, cram and get a piece of paper certificate. Is that how Germany, US, Australia, Japan, etc became great?
Intellectual laziness should be a crime.

/

Blue3k2:
What are you crying about. The benefits have been spread far and wide. Those "privileged few" invested their time time and money to the projects success. If you want to benefit do the same by purchasing stock in the company.

This is funny.

Obviously you can read but cannot comprehend.

Nigeria is a country sitting on one of the world's largest deposit of natural resources. If not for greed we are meant to be a world power today if we had manager money gotten from oil and other resources very well.

As a bonafide son of Nasarawa state, all I can say is Nasarawa State is one of the most useless states in Nigeria.

Don't ask me why

YES THEY DISCOVERED THE ZINC ON A NEWSPAPER

You are discovering what was already there? Dullard factory fitted mumu

biafran pig ur comment pls....u guys no truth but follow lie...u can quote me oo ..

hope we getting ready for restructuring,, if you know you know.

As usual...another propaganda discovery in the north..

TheUbermensch:


This is funny.

Obviously you can read but cannot comprehend.

Nigeria is a country sitting on one of the world's largest deposit of natural resources. If not for greed we are meant to be a world power today if we had manager money gotten from oil and other resources very well.

Tell me a world power sitting on 'large deposit of natural resources'? US? China? Japan? France? UK? Germany?.…. No alternative to har dwork, dedication, honesty and transparency. A country run on ethnic and religious bigotry, monumental fraud and mutually destructive ethnic hatred stands no chance.