Nigeria might be on the way to overcome the fall in oil with the discovery of world class and high grade nickel in the country. The Ministry of Solid Minerals Development has confirmed the development.
The Permanent Secretary of the ministry, Mr Mohammed Abbas, said since the first discovery many months ago, technical experts from the ministry have been following up on the development as provided by law.
“The ministry is aware of the excitement in the media about the discovery of Nickel in parts of Kaduna state. This is totally understandable considering the partial assay of the mineral assets referenced. The ministry is aware of the occurrence of the mineral in the area. We appeal to the general public to allow the Ministry to come up with detailed reports on the new find,” it said.
An Australian private mining syndicate headed by Mr. Hugh Morgan, a mining veteran made the discovery, which it said, was potentially of high quality,
It said the discovery could be the surface expression of a much bigger hard-rock nickel field.
Nickel, a silvery-white lustrous metal with a slight golden tinge, sells for about $4.43/LB in the international markets. It is used in the manufacturing of several steel/metal based items including coins and alloy based products.
Some of world’s largest producers of the metal include Australia, Botswana, Brazil, Indonesia, Canada and China.
The ‘high grade’ nickel deposit was found in Dangoma, a small farming community about 160km northeast of the nation’s capital Abuja.