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Nigerian Nickel Discovery Is First Of Its Kind - Australian Mining Firm - Politics - Nairaland

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Nigerian Nickel Discovery Is First Of Its Kind - Australian Mining Firm by Nobody: 4:27pm On Sep 13, 2016
The abundance of native nickel balls recently discovered in Nigeria is “an extraordinary occurrence in a style not known to have been previously documented”, Comet, a private mining syndicate headed by veteran Australian miner, Hugh Morgan, has said.

In a paper distributed at the Africa Down Under Conference which held September 7 – 9 in Perth, Australia, the company said the discovery had “important implications” for nickel exploration worldwide.

The paper was delivered by the Comet team comprising Mr. Morgan, Professor Louisa Lawrence, Stephen Davis, and Steven Pragnell.

The metal named “Titan”, measuring 0.1-5.0 millimetres in diameter and weighing an estimated three weight percent, was found on the southern margin of the Jos Plateau, near the rural villages of Dangoma and Bakin Kogi, Kaduna State.

“Although the bedrock has not been tested at depth, the wide distribution of abundant nickel metal balls and their secondary ferruginous alteration product within residual weathered bedrock at Titan, indicates a highly endowed primary mineralised system,” Comet said.

“To our knowledge, this style of high-grade native nickel metal deposit has not been previously documented.”
PREMIUM TIMES had reported, last month, about the “world class and highly unusual” nickel discovery in Nigeria, ahead of the Perth conference.
Nigeria’s Minister for Solid Minerals, Kayode Fayemi, was among the speakers at the three-day event held at the Pan Pacific Hotel in Australia.

Mohammed Abbas, the permanent secretary at the ministry, said the discovery was made “many months ago” and urged the public to allow the government produce a detailed report.

The Comet team said the metal was identified and exploration commenced in early 2015.
“Pits dug up to six metres deep, at roughly 200 metre centres, show the nickel occurs in a coarse-grained micaceous felsic unit, associated with localised zones of mafic and olivine-rich ultramafic bedrocks”, the team said.
Traces of other metals such as zinc, copper, lead, and cobalt were also detected in the core and rims of the nickel.

The team said ongoing activation of major bedrock structures in the area had resulted in recent tectonic shift and exposure of fresh nickel metal at the surface in an erosional drainage basin at Titan.

“However, the nickel balls are not physically (concentrated) into a heavy mineral fraction within the soil cover sequence due to the low erosional gradient in the catchment and the freshness of the bedrock.
“Furthermore, the exposed metal balls are prevented from significant oxidation due to good drainage and the formation of a protective stable secondary oxide layer on the metal surface.”

The project area spans 20 square kilometres where high concentrations of ferruginous brown balls extend over a half a kilometre to the north and west of the nickel metal occurrence.

“Although the bedrock has not yet been tested at depth, the wide distribution of abundant nickel metal balls and their secondary ferruginous alteration product within residual weathered bedrock at Titan, indicates a large highly endowed primary mineralized system,” Comet said.

“To our knowledge, this style of high-grade native nickel metal has not been previously documented.”
PREMIUM TIMES gathered that Comet is currently focusing its exploration on developing a nickel project that targets the native nickel balls in the shallow weathered bedrock over an area of a half square kilometre.

The company is reportedly seeking funding to continue exploration and has approached a few interested parties.
Nickel is primarily sold for first use as a refined metal. About 65 percent of it, consumed in the West, is used to produce stainless steel.




The world’s largest producers of the metal include The Philippines, Indonesia, Russia, Canada, and Australia, according to the US Geological Survey.
Last month, Mr. Fayemi told Bloomberg that one of the Nigerian government’s priorities is to meet its annual steel demand of 6.8 metric tons, from a current output of less than 2.5 metric tons, produced mainly from scrap iron.

“In two to five years, we want to have started production of iron ore, lead, zinc, bitumen, nickel, coal, and gold at a serious scale,” Mr. Fayemi had said.


http://www.premiumtimesng.com/news/headlines/210345-nickel-discovery-nigeria-extraordinary-australian-mining-firm.html

10 Likes

Re: Nigerian Nickel Discovery Is First Of Its Kind - Australian Mining Firm by oteneaaron(m): 4:31pm On Sep 13, 2016
The Big question now is, what next?.....

The Nickel has been discovered........so what do we do next?

82 Likes 2 Shares

Re: Nigerian Nickel Discovery Is First Of Its Kind - Australian Mining Firm by Nobody: 4:35pm On Sep 13, 2016
oteneaaron:
The Big question now is, what next?.....
The Nickel has been discovered........so what do we do next?
You're right.

11 Likes

Re: Nigerian Nickel Discovery Is First Of Its Kind - Australian Mining Firm by lwise(m): 4:37pm On Sep 13, 2016
The next thing is to start importing nickel when the need arise just as we are set to import Bitumen which we have in abundant.

76 Likes 2 Shares

Re: Nigerian Nickel Discovery Is First Of Its Kind - Australian Mining Firm by nrexzy: 4:49pm On Sep 13, 2016
@least they would leave Oil alone for now

2 Likes 3 Shares

Re: Nigerian Nickel Discovery Is First Of Its Kind - Australian Mining Firm by IgboDelta: 4:56pm On Sep 13, 2016
I hope the coconut head we have as president don't spoil it because Nigeria is gradually becoming a failed state due to the stupidity, bigotry, wickedness, cluelessness and mor0nic behavior of Buhari and his confused, incompetent and evil APC government.
If things keep deteriorating at this rate, then Nigeria may collapse any time soon.

38 Likes 2 Shares

Re: Nigerian Nickel Discovery Is First Of Its Kind - Australian Mining Firm by Nobody: 5:03pm On Sep 13, 2016
Which way forward now?

1 Like

Re: Nigerian Nickel Discovery Is First Of Its Kind - Australian Mining Firm by GoggleB(m): 5:05pm On Sep 13, 2016
I pray we don't import Nickel later like we're importing bitumen..

14 Likes

Re: Nigerian Nickel Discovery Is First Of Its Kind - Australian Mining Firm by jmichlins(m): 5:06pm On Sep 13, 2016
No too worry the corruption following this will be one of a kind too. I don't want to be pessimistic but when dealing with the leader of this country you prepare for the worst while expecting the best

9 Likes 2 Shares

Re: Nigerian Nickel Discovery Is First Of Its Kind - Australian Mining Firm by sinkhole: 5:10pm On Sep 13, 2016
GoggleB:
I pray we don't import Nickel later like we're importing bitumen..
Guy, this one na hot cake, we go export am use the money buy all things they use nickel for! We are expert at that

23 Likes 1 Share

Re: Nigerian Nickel Discovery Is First Of Its Kind - Australian Mining Firm by dynamo77(m): 6:27pm On Sep 13, 2016
What matters is how we manage it

We've had more valuable resources at our disposal that have been mismanaged

We are watching

1 Like 1 Share

Re: Nigerian Nickel Discovery Is First Of Its Kind - Australian Mining Firm by Hezbola: 6:34pm On Sep 13, 2016
So what next?

1 Like 1 Share

Re: Nigerian Nickel Discovery Is First Of Its Kind - Australian Mining Firm by forgiveness: 6:49pm On Sep 13, 2016
What is it used for?
Re: Nigerian Nickel Discovery Is First Of Its Kind - Australian Mining Firm by otukpo(f): 7:12pm On Sep 13, 2016
Another mineral resource that would make the government turn its back on agriculture/industrialization.

9 Likes 1 Share

Re: Nigerian Nickel Discovery Is First Of Its Kind - Australian Mining Firm by Bujumbura(m): 7:19pm On Sep 13, 2016
oteneaaron:
The Big question now is, what next?.....

The Nickel has been discovered........so what do we do next?
Propaganda will be built around itt that you will soon see where buhari will tell us Nickel will be our major export next year.

Zombies will still clap

10 Likes 2 Shares

Re: Nigerian Nickel Discovery Is First Of Its Kind - Australian Mining Firm by Nobody: 7:24pm On Sep 13, 2016
Bujumbura:
Propaganda will be built around itt that you will soon see where buhari will tell us Nickel will be our major export next year.

Zombies will still clap

Good news is propaganda to you. You only like news like "The Kaduna nickel is not of commercial quantity". Then you will call it Genuine news. You people never want good things to happen because of your genetically modified hatred.

112 Likes 7 Shares

Re: Nigerian Nickel Discovery Is First Of Its Kind - Australian Mining Firm by kokosin: 7:34pm On Sep 13, 2016
lubish

4 Likes

Re: Nigerian Nickel Discovery Is First Of Its Kind - Australian Mining Firm by Nobody: 7:50pm On Sep 13, 2016
Let me login into institution all portal to research available forms of Nickel in literature.

I dey come first.

But where is lalasticlala sef?
Re: Nigerian Nickel Discovery Is First Of Its Kind - Australian Mining Firm by trapQ: 8:39pm On Sep 13, 2016
O
Re: Nigerian Nickel Discovery Is First Of Its Kind - Australian Mining Firm by SuperS1Panther: 9:03pm On Sep 13, 2016
oteneaaron:
The Big question now is, what next?.....

The Nickel has been discovered........so what do we do next?

What next is the birth of militant group called Jos Plateau Clownish Militants fighting for resource control, PMB should drop all corrut cases, Dasuki - the Natianal ATM - must be freed and the tap water mouthed god of Alaigbo calling himself ''Our Dilector'' should be release.

Or else.................. all the nickel rock balls will be broken with dynamite or sledge hammer.

19 Likes

Re: Nigerian Nickel Discovery Is First Of Its Kind - Australian Mining Firm by oyinkinola: 9:09pm On Sep 13, 2016
oteneaaron:
The Big question now is, what next?.....

The Nickel has been discovered........so what do we do next?
...the next is to tight your belt for works, open company upon company on, stainless home materials, automobile, aeronautics, weaponry, transportation, education...engineering etc etc!

9 Likes

Re: Nigerian Nickel Discovery Is First Of Its Kind - Australian Mining Firm by IgboDelta: 10:11pm On Sep 13, 2016
Useless comment

FriendChoice:


I hope the flat headed will realize it's same Buhari that explore it. Nigeria will never ever collapse. You and likes of You will collapse.

11 Likes

Re: Nigerian Nickel Discovery Is First Of Its Kind - Australian Mining Firm by steppin: 10:31pm On Sep 13, 2016
APC and over hyping. Tomorrow na another story go enter.
The only truthful thing about this govt is Buhari's travel schedule.

4 Likes 1 Share

Re: Nigerian Nickel Discovery Is First Of Its Kind - Australian Mining Firm by Nobody: 10:31pm On Sep 13, 2016
Will this have a significant effect on the economy? I pray!
Re: Nigerian Nickel Discovery Is First Of Its Kind - Australian Mining Firm by MrMcJay(m): 10:31pm On Sep 13, 2016
There are news of nickel being discovered and someone is asking what next? Carry your headpan and go n mine it. At least, you'll stop asking foolish questions on Nairaland.

This economic recession that a lot of Nigerians are experiencing throws up a lot of opportunities.

For instance, since the price of imported rice has risen, a smart investor would go and invest in the local rice chain. Seek out local rice producers and get the price per bag. Contact nearby restaurants and bulk buyers and promise to supply them at wholesale price with the option of payment on delivery. Even if you advertise local rice on NL, you are sure of plenty customers.

Instead of benefitting from the opportuinty above, they prefer to drink N10 garri and use it to insult Buhari on NL.

Another opportunity in the Nickel industry is here again and some block.heads that posted above are fixated on fighting Buhari and wishing Nigeria fails.

Let me tell you a true story.

Sometime ago during the telecoms boom in Nigeria, an very smart Nigerian who I respect so much formed a company called Emerging Markets Telecommunications Services (EMTS). He put the basic corporate structures on ground and ran it as a startup.

Subsequently, he approached some Arab investors to invest in his company. These Arab investors were impressed in his company that they decided to buy a part of it. Today, that company is Etisalat Nigeria and he owns 40% of Etisalat Nigeria.

If you think you are too young, go and read up the story of the guy behind Sujimoto Construction.

Don't make the mistakes your fathers made. Seek out opportunities and take advantage of them.

63 Likes 5 Shares

Re: Nigerian Nickel Discovery Is First Of Its Kind - Australian Mining Firm by Nobody: 10:31pm On Sep 13, 2016
Nice one

1 Like 1 Share

Re: Nigerian Nickel Discovery Is First Of Its Kind - Australian Mining Firm by MrPresident1: 10:32pm On Sep 13, 2016
We do not have the mental capacity to exploit the nickel. So wetin go happen be say, oyinbo go come exploit am, export am as rawmaterials, then we import back as finished product at more then 50% cost over its cost as raw materials.

10 Likes

Re: Nigerian Nickel Discovery Is First Of Its Kind - Australian Mining Firm by Drsheddy(m): 10:32pm On Sep 13, 2016
Gc
Re: Nigerian Nickel Discovery Is First Of Its Kind - Australian Mining Firm by centboy123456(m): 10:32pm On Sep 13, 2016
Am tried of hearing all these apc lies

1 Like 1 Share

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