Rhodium Ltd has invited prospective coal investors and energy producers to partake in exploiting our vast coal resources located in Lafia Obi coal field in the Nasarawa State of Nigeria.
It said “Our coal deposit has been studied in details and result shows that the ash and moisture contents of the coal are high suggesting good potential for use in the steel industry. The relatively low volatiles and high vitrinite inertinite contents indicate that the coal has an appreciable coking quality.”
Lafia Obi coal is a potential candidate for metallurgical coke making. Nigerian sub bituminous coal has a high calorific value (5,000 to 6,000 calories per gram or 5500 to 6500 air dried), low ash and low sulfur contents, with good storage characteristics. European buyers in Italy and the United Kingdom have started importing Nigerian coal, because its low sulfur content is environmentally acceptable. Nigeria's coal reserves are large, over 2 billion tonnes, of which 650 million tonnes are proven which includes the Lafia Obi Coal Fields.
It added that "Also we currently have for immediate shipments 30,000 tonnes of coking coal and also welcome cooperation for our iron ore, chromite, copper and limestone deposits."
Rhodium Ltd said "Our project has all basic civil infrastructures includes railway, hydropower, communication, hospitals etc and in an area of established mining operations supported by experienced and highly skilled local mining workforce. When considering the high CAPEX requirement for Coal & Iron ore deposits, our projects achieves international competitive advantage through its excellent infrastructure."
Source: Steel Guru
Showing posts with label Nigeria. Show all posts
Showing posts with label Nigeria. Show all posts
Thursday, December 24, 2009
Sunday, April 19, 2009
Nigerian Vision Doomed Without Steel Sector
Nigeria‘s quest to join the league of the top 20 economies of the world by year 2020 will fail if the steel sector is not revitalised, the Director of the Metallurgical Inspectorate and Raw Materials Development Department in the Ministry of Mines and Steel Development, Prof. Ibrahim Madugu, said on Thursday.
Delivering a paper on Steel production in Nigeria: Challenges and prospects, Madugu explained that economies of the world were driven by their consumption of steel.
He said, ”For any country to achieve any meaningful level of industrialisation per capita, steel consumption should not be less than 150 kilogrammes per person.
”At present, Nigeria‘s steel consumption is 10kg per person. Today, all the leading economies of the world are technology driven. The iron and steel industry is the bedrock onto which industrialisation and technological growth are anchored.”
Madugu regretted the stagnation of the Ajaokuta Steel Company, which he said was targeted as the bedrock for the nation‘s industrialisation.
This, he blamed, on the lack of stable and focused government policies.
He said although the project was 95 per cent completed, most of the related infrastructure for delivery of raw materials for the operations of the steel plant were yet to be completed.
The director, who described the blast furnace as the epicentre of the steel plant where the raw materials are processed into liquid pig iron, also listed the essential raw materials as iron ore, coking coal, limestone, dolomite, refractory clay, silica and bauxite.
He added, ”Coking coal is presently unavailable locally. The annual demand is 1,320,000 tonnes.
”This is to be imported and delivered by rail to Ajaokuta via Warri port in the interim, and eventually through the deep seaport at Onne, Port Harcourt.
Source: The Punch, Lagos
Delivering a paper on Steel production in Nigeria: Challenges and prospects, Madugu explained that economies of the world were driven by their consumption of steel.
He said, ”For any country to achieve any meaningful level of industrialisation per capita, steel consumption should not be less than 150 kilogrammes per person.
”At present, Nigeria‘s steel consumption is 10kg per person. Today, all the leading economies of the world are technology driven. The iron and steel industry is the bedrock onto which industrialisation and technological growth are anchored.”
Madugu regretted the stagnation of the Ajaokuta Steel Company, which he said was targeted as the bedrock for the nation‘s industrialisation.
This, he blamed, on the lack of stable and focused government policies.
He said although the project was 95 per cent completed, most of the related infrastructure for delivery of raw materials for the operations of the steel plant were yet to be completed.
The director, who described the blast furnace as the epicentre of the steel plant where the raw materials are processed into liquid pig iron, also listed the essential raw materials as iron ore, coking coal, limestone, dolomite, refractory clay, silica and bauxite.
He added, ”Coking coal is presently unavailable locally. The annual demand is 1,320,000 tonnes.
”This is to be imported and delivered by rail to Ajaokuta via Warri port in the interim, and eventually through the deep seaport at Onne, Port Harcourt.
Source: The Punch, Lagos
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