The principal use of iron ore lies in iron production, which is used in making steel, and then, the steel can be put into a wide range of several uses.
Where is iron ore mostly found in Nigeria?
Nigeria has several deposits of iron ore, but the purest deposits are in and around Itakpe in Kogi State.
What are the uses of iron ore?
The primary use of iron ore (98%) is to make steel. The remaining 2% is used in various other applications, such as: powdered iron—for certain types of steels, magnets, auto parts and catalysts. radioactive iron (iron 59)—for medicine and as a tracer element in biochemical and metallurgical research.
Does Nigeria have iron ore?
For example, Nigeria is home to more than 3bn tonnes of iron ore, giving it the 12th-largest iron reserves in the world. It also has an estimated 42bn tonnes of bitumen reserves – potentially the second-largest deposit in the world – and approximately 10m tonnes of lead and zinc reserves across eight states.
Where is the location of iron ore?
Currently magnetite iron ore is mined in Minnesota and Michigan in the U.S., Eastern Canada and Northern Sweden. Magnetite-bearing banded iron formation is currently mined extensively in Brazil, which exports significant quantities to Asia, and there is a nascent and large magnetite iron ore industry in Australia.
Can diamond be found in Nigeria?
Diamonds are not on the list. Nigeria is also not on the global Diamond Producers Association list of countries that together mine 99.8% of the world’s diamonds. Diamonds are said to be one of Katsina state’s “mineral potentials”.
Do we have gold in Nigeria?
Nigeria has largely untapped deposits of 44 minerals including gold, iron ore, coal, tin and zinc, in more than 500 locations, but mining makes up just 0.3% of the economy.
What is iron ore and why is it important?
Iron ore is the source of primary iron for the world’s iron and steel industries. It is therefore essential for the production of steel, which in turn is essential to maintain a strong industrial base. Almost all (98%) iron ore is used in steelmaking. Iron ore is mined in about 50 countries.
Why is iron so important?
Iron is a mineral that the body needs for growth and development. Your body uses iron to make hemoglobin, a protein in red blood cells that carries oxygen from the lungs to all parts of the body, and myoglobin, a protein that provides oxygen to muscles. Your body also needs iron to make some hormones.
What does iron ore look like in real life?
The ores are usually rich in iron oxides and vary in colour from dark grey, bright yellow, deep purple, to rusty red. The iron itself is usually found in the form of magnetite (Fe3O4), hematite (Fe2O3), goethite, limonite or siderite. Hematite is also known as “natural ore”.
Where is bauxite found in Nigeria?
Among several mineral deposits in Nigeria, bauxite deposits are found mainly in four states of the federation and they are Plateau, Ondo, Ekiti and Adamawa states . Bauxite is a naturally occurring material that is made of diverse composition that is relatively rich in aluminium.
Is there nickel in Nigeria?
confirms discovery of Nickel deposits in Kaduna. The Ministry of Solid Minerals Development on Monday confirmed the discovery of Nickel in parts of Kaduna State in North-West Nigeria. The statement confirmed a report by PREMIUM TIMES that a private mining syndicate had discovered nickel in Nigeria. …
Where is silver found in Nigeria?
Silver Ore Mineral Deposits – Nigeria is one of the few African countries that has silver deposits, though silver is not vastly deposited in Nigeria like other minerals and metals, as it is only deposited in the northern part of Nigeria, namely Kano and Taraba State.
Which state has iron ore in Nigeria?
Agbaja iron ore deposit is located in the Kogi State of Nigeria in West Africa.
How is iron ore traded?
One way to trade iron ore is through the use of a contract for difference (CFD) derivative instrument. CFDs allow traders to speculate on the price of iron ore and iron ore shares.
How many iron ore can you mine per hour?
Levels 15-75 – Iron ore
From level 60 and above, the maximum experience rate is around 60,000 experience per hour, and roughly 70,000 experience per hour in the pay-to-play area of the Mining Guild because of the invisible +7 level boost given inside.