How To Start The Lucrative Export Of Columbite From Nigeria To International Buyers

The abundance of solid minerals and metals in Nigeria continues to make the nation one of the wealthiest in the world. Over 120 different minerals are beneath the country’s surface. And profitable as they may seem, one of the most globally demanded minerals which are in vast volumes in Nigeria is the rich presence of Columbite Ore.

International buyers all over the world are always looking to purchase Columbite Ore from Nigeria because of its quality, abundance, and price. They come into the country on a regular basis for meetings with commodity trading companies and miners to see how they can establish long-term relationships with them to guarantee a steady supply of the commodity every month for at least one year. Depending on what they agree, they decide which supplier or suppliers to go with, issue an ICPO (Irrevocable Corporate Purchase Order), sign a contract, and start transacting.

The explosive demand for this mineral or concentrates in Nigeria by international buyers makes venturing into the export of Columbite Ore minerals or concentrates from Nigeria to several countries around the world a lucrative export business to start up.

See Also: How To Start The Lucrative Export Of Muscovite Mica Minerals From Nigeria To International Buyers

First, What Are Columbite Ore Minerals Or Columbite Concentrates?

Columbite Ore minerals are rocks containing Columbite, which has a formula Fe²⁺Nb₂O₆.

The Columbite concentrate is the pure Columbite extract from the rock (ore) itself.

So What Is Columbite Ore Minerals Or Columbite Concentrates Export About?

Columbite Ore minerals or Columbite concentrate export is the export of Columbite from Nigeria to international buyers located in various parts of the world. It is exported in either the Columbite Ore form or the Columbite concentrate form, and are further processed upon arrival at the buyer’s facility into various forms of alloys or for other uses.

See Also: How To Start The Lucrative Export Of Copper Ore From Nigeria To International Buyers

Facts About Columbite Ore Minerals Or Columbite Concentrates Export

• They’re found in the Northern and Southern parts of Nigeria.
• Columbite mining or processing can create a great source of employment.
• Columbite has the formula Fe²⁺Nb₂O₆.
• Columbite is a soft, grey, ductile transition metal.
• Columbite is refined by froth flotation of the ore, roasLithiumg, and final extraction using electricity
• Columbite is used in industries as an ore to very useful metal.
• It is used to form weldable steel when used as an alloy for heat-sensitive detective devices and radio transmitting valves.
• Columbite is the most widespread niobium mineral and makes for an important ore of the industrially useful metal.
• Niobium, Nb, is used in alloys for improved strength.
• Columbite, also called niobite, niobite-tantalite and columbate [(Fe, Mn)Nb2O6]
• Columbite and Tantalite together are called Coltan.
• The profit margins on the sale of Columbite or columbite Concentrates to international buyers can be anywhere from 15% to 110% depending on if you’re the miner or are purchasing from the mines.
• As a broker, you can venture into this business with $0.
• China is the top importer of Columbite in the world.
• There are Columbite deposits in Plateau, Kogi, Kano, Nasarawa, Kaduna, Bauchi, and a few other states in Nigeria.
• Columbite is usually found alongside Tantalite.
• Columbite minerals and Columbite Concentrates prices are calculated in kilograms and metric tonnes.

See Also: How To Start Exporting Zinc Ore Minerals & Concentrates From Nigeria To International Buyers

Business Opportunities In Columbite Ore Minerals Or Columbite Concentrates Export

1). Columbite Ore Minerals Export:

The first layer of the mineral is the Columbite Ore. These are usually sold at varying amounts at the mines depending on the percentage of Columbite present in the ore and are then further resold to international buyers at varying prices per metric tonne depending on the specification, the seller’s connection to the mines, the trade process, and the final negotiations with the buyer.

In all, your profit margin from the export of Columbite Ore from Nigeria can be anywhere from 15% to some rare cases of over 100%.

2). Columbite Concentrates Export:

The Columbite concentrates are the further processed forms of the Columbite Ores into the pure Columbite concentrates. Since the Columbite Ore is a rock with Columbite in it, the Columbite concentrates are the extracted Columbite itself, which is then prepared for export.

3). Columbite Ingots Export:

Columbite ingots are pure Columbite that is cast into a shape suitable for further processing. It is also called Columbite bars, which is very similar in shape to gold or lead bars. They’re highly preferred for purchase by international buyers because they can easily be cast into a shape or something else, thereby saving the buyer a lot of time and money.

They’re more expensive than Columbite Ores or Columbite concentrates.

4). Columbite Ore, Concentrates, And Ingots Brokerage:

When you have zero cash to start up any type of business, the first thing you should do is to venture into the brokerage of that business’ products, and in this case, Columbite Ore, Columbite Concentrates, and Columbite Ingots Brokerage.

You could venture into the Columbite mineral brokerage business by linking a buyer to a seller, and in the process, add a markup price per metric tonne for your organisation, after getting the final selling price from the seller.

But to ensure you have a successful brokerage business, it is important you legally protect your commissions. Any seller who claims to give you something without a contract backing it is bullshitting you. If they get arrogant and tell you to wait to get it without a contract, simply walk away and find another seller.

98% of all sellers are not trustworthy without a contract in hand or a bank indemnity to pay you your commissions.

See Also: 25+ Lucrative Mining Business Ideas And Opportunities in Nigeria

Setting Up Your Columbite Ore Minerals Or Columbite Concentrates Export Business

1). Register Your Export Business:

The first step to starting a Columbite Ore or Columbite Concentrate export business is to register a legal business. To do this, you must first register a limited liability company with the Corporate Affairs Commission of Nigeria, then go on to register your business with the Nigerian Export Promotion Council and the Ministry of Solid Minerals.

Registered business names are not allowed to register with the NEPC, and so, you can only function as an exporter with a Limited Liability Company registered under the laws of the Federal Republic of Nigeria.

See Also: 10+ Legal Requirements For An Import And Export Business in Nigeria

2). Find The Direct Mines and Sources For Exports:

Although this can be done before, during, or after your company has been registered with the appropriate bodies, the next step is to source for the direct mines that would be mining the Columbite Ore Minerals or Columbite Concentrates for you on behalf of your clients.

It’s usually better you get direct access to the mine, so you can get the best possible price. Going through a proxy would waste more time, cost more money, and reduce your profit margins.

Some states with mining sites to find Columbite Ore or Columbite Concentrate mineral miners arePlateau, Kogi, Kano, Nasarawa, Kaduna, Bauchi and a few other states in Nigeria.

3). Setup A Proper Business Structure, Trade Process, & Branding:

During or after registering and securing your buyers, it is important you set up a proper business structure that looks internationally reputable. Some ways to do this are to build an international standard website, get a business address, create a company profile, and also have a corporate offer format you can customize and send to buyers who request an offer. Also set up a corporate email that reads something like this: “[email protected]”.

If renting an office is too expensive, you could pay for a virtual office at a co-working hub and use their address for meetings.

When you organise your company this way, buyers would feel really confident about doing business with you and would tend to choose your business as their preferred partner.

4). Source For Buyers:

The next thing is to source for international buyers for your products. You can do this by registering on websites like:

• www.exportersindia.com
• www.alibaba.com
• www.linkedin.com

And several others.

You can also build an influential social account on LinkedIn and market your Columbite Ore Minerals to a unique business audience you’d build over time.

See Also: How To Find International Buyers For Your Import/Export Business

5). Export Your Products:

Upon sealing agreements with the buyers, getting issued an Irrevocable Corporate Purchase Order, signing a Sales and Purchasing agreement, and more, you can then proceed to ship the Columbite Ore Minerals or Columbite Concentrates to the buyer.

The shipment could be done on either Free On Board (FOB) or Cost, Insurance and Freight (CIF) basis. Where FOB means you cover the cost of the goods and every other thing till its arrival at the shipping point, and CIF means that you cover the cost of everything including insurance and transporting the goods to the buyer’s port of destination.

See Also: How To Start The Lucrative Export Of Tantalite From Nigeria To International Buyers

Challenges Of The Columbite Ore Minerals Or Columbite Concentrates Export Business

1). Lack of experience causes exporters to either purchase the wrong specifications, underprice or overprice their products, and much more.

2). Your mined Columbite Ore minerals or Columbite Concentrates en route a warehouse may get robbed or seized by government officials before arrival.

3). Fake buyers wasting exporters time with fake inquiries.

4). Most prospective entrepreneurs have little to no access to finance for their projects.

5). Most Columbite Ore or Columbite Concentrate sellers have poorly managed supply chains and may sometimes be unable to deliver.

6). Your time could be wasted as a result of long-term conversations with Columbite Ore Minerals or Columbite Concentrate buyers who have no real money to pay.

7). The large pool of fraudsters posing as Columbite Ore Minerals or Columbite Concentrates sellers makes it difficult for Columbite Ore Minerals or Columbite Concentrate buyers to trust you.

See Also: How To Start An Import/Export Business In Nigeria: A Short Guide

Conclusion

The Columbite Ore or Columbite Concentrate Mineral export business is a lucrative one for anyone who chooses to venture into the export of solid minerals from Nigeria. Depending on the quantity the buyer needs, your profit margins could be far higher or lower, but still substantial.

Starting a solid mineral export business in Nigeria with an initial focus on Columbite Ore Minerals or Columbite Concentrates is a way to not just only get into the industry, but a great start to building a long-term business that could someday employ thousands of people directly and indirectly.

An Important Point

Trying to buy Columbite Ore Minerals or Columbite Concentrates from Nigeria through genuine sellers can lead to a lot of wasted time and efforts on the part of the Columbite Ore or Columbite Concentrate Minerals buyers. They spend a lot of time vetting sellers in Nigeria, doubting their results even if positive, and going back and forth too many times than they can count, only to end up either cancelling their decision to buy or making a purchase after months or years have passed.

Finding real Columbite Ore or Columbite Concentrate Mineral sellers in Nigeria can be a problem. To make this possible for Columbite Ore or Columbite Concentrate Mineral buyers, Startup Tips Daily Media, through her sister company, Globexia, can export Columbite Ore or Columbite Concentrate Minerals to genuine buyers from Nigeria or anywhere in the world.

Whatever will help buyers close genuine Columbite Ore Minerals or Columbite Concentrate export-based transactions fast, transparently, and easier, we can make the process as stress-free as possible.

Our Columbite Ore or Columbite Concentrate Mineral export business is completely transparent, and as a result, we will not deal with a buyer who intends to cut corners or outsmart any party in the course of the transaction.

If you’re a genuine Columbite Ore or Columbite Concentrate Mineral buyer, you can reach out to us through the contact form below. If you’d like us also to help you export most of your Columbite Ore Minerals or Columbite Concentrates, we’d be glad to do so with mutually agreed terms.

In addition to our Columbite Ore or Columbite Concentrate Mineral export business in Nigeria, we’re also Mica Mineral sellers in Nigeria, and can export Mica minerals to buyers around the world.

If you’re only a scam, don’t waste your time, as the conversation wouldn’t last too long after a few questions and demands to prove your authenticity have been made from our end.

Our Columbite Ore or Columbite Concentrate Mineral Trade Specifications are listed below:

Origin: Nigeria

Mineral Type: Columbite Ore / Columbite Concentrates

Physical Specification: Based On Buyer’s Specification

Quantity: Based On Buyer’s Specification

Price: Negotiable / Kg / Metric Tonne

Trade Process: Ex Works/FOB/CIF

Payment Method: 100% irrevocable SBLC or L/C at sight from a top 25 prime bank

Shipping Time: 15 days after confirmation of L/C

Loading Port: Lagos, Nigeria

We look forward to hearing from you.

Thank you.

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What are your thoughts on this article on how to start the export of Columbite Ore Minerals or Columbite Concentrate Minerals from Nigeria? Let me know by leaving a comment below.