Nigeria may be on the verge to a new cash cow and an alternative to crude oil following the discovery of Nickel in some parts of Kaduna State.
Confirming the discovery on Monday, the Permanent Secretary of the Ministry of Solid Minerals Development, Mohammed Abbas, said the ministry had been following up on the report by its technical experts since the first discovery was made several months ago.
The statement said. “Since the first discovery many months ago, technical experts from the ministry have been following up on this 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.”
An Australian private mining syndicate headed by Hugh Morgan, a mining industry veteran, described the discovery as unusual since it was found in small balls of about three millimeters in diameter and of a high purity in shallow soils.
The mining syndicate 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 manufacture 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.