How To Start Exporting Manganese Ore/Concentrates 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 manganese ore.

International buyers all over the world are always looking to purchase manganese 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 manganese 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 Manganese Ore Minerals Or Manganese Concentrates?

Manganese ore minerals are rocks containing manganese, which is a chemical element with the symbol Mn and atomic number 25 that is not found as a free element in nature. It usually occurs with other minerals like iron, which makes it perfect as an important metal for manufacturing aluminium alloy and steel.

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

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

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

Facts About Manganese Ore Minerals Or Manganese Concentrates Export

• They’re found in the Northern and Southern parts of Nigeria.
• Manganese ore mining or processing can create a great source of employment.
• Manganese is a chemical element with symbol Mn and atomic number 25.
• Manganese is a silvery-grey metal looking iron.
• Manganese is easy to oxidise.
• Manganese is an important element for human health, essential for development, metabolism, and the antioxidant system
• Manganese compounds are less toxic than those of other widespread metals, such as nickel and copper.
• Manganese ores are found in metamorphic rocks or sedimentary deposits.
• Pyrolusite (MnO2) is the main ore mineral for manganese.
• Manganese combines easily with air and water and is, therefore, a reactive element frequently found in nodules on the sea floor.
• Manganese is one of the 12 most abundant elements making up the Earth’s crust.
• Pure manganese is reactive, burns in Oxygen, rusts in water, and dissolves in dilute acids.
• Manganese is primarily mined in China, Gabon, South Africa, Brazil, Ukraine, Australia, and in smaller deposits in other parts of Africa like Nigeria.
• At least 25 million tons of manganese ores are mined annually worldwide.
• Approximately 85 to 90 percent of mined manganese is used in steelmaking.
• You can’t make steel without manganese.
• Manganese is used in manufacturing steel, battery cathodes, soft ferrites used in electronics, micronutrients in fertilizers, micronutrients in animal feed, water treatment chemicals, colourant for automobile undercoating, bricks, frits, glass, textiles, tiles, and much more.
• The profit margins on the sale of Manganese Ore or Manganese 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.
• Nigeria is estimated to have over 5,000,000 tonnes of Manganese Ore deposits.
• China is the top importer of Manganese Ore in the world.
• There are manganese deposits in Bauchi, Cross River, Benue, Borno, Adamawa, Kaduna, Kebbi, Katsina, Plateau, Nasarawa and a few other states in Nigeria.
• Manganese is usually found alongside iron and other minerals.
• Manganese Ore minerals and Manganese Concentrates prices are calculated in metric tonnes.

See Also: How To Start The Export Of Lead Ore Minerals & Concentrates From Nigeria To International Buyers

Business Opportunities In Manganese Ore Minerals Or Manganese Concentrates Export

1). Manganese Ore Minerals Export:

The first layer of the mineral is the Manganese Ore. These are usually sold from 20,000 Naira and above at the mines 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 manganese ore from Nigeria can be anywhere from 15% to some rare cases of over 100%.

2). Manganese Concentrates Export:

The Manganese concentrates are the further processed forms of the Manganese ores into the pure Manganese concentrates. Since the Manganese ore is a rock with Manganese in it, the Manganese concentrates are the extracted manganese itself, which is then prepared for export.

The prices per metric tonne for Manganese concentrates are largely determined by the London Metal Exchange (LME), and depending on what the LME price is at any point, the profit margins you’d earn is greatly dependent on how much you were able to procure the Manganese Concentrate from the mine.

3). Manganese Ingots Export:

Manganese ingots are pure manganese that is cast into a shape suitable for further processing. It is also called Manganese 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 Manganese ores or Manganese concentrates.

4). Manganese 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, Manganese Ore, Manganese Concentrates, and Manganese Ingots Brokerage.

You could venture into the Manganese 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 Manganese Ore Minerals Or Manganese Concentrates Export Business

1). Register Your Export Business:

The first step to starting a Manganese Ore or Manganese 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 extracting the Manganese Ore Minerals or Manganese 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 Manganese Ore or Manganese Concentrate mineral miners are Bauchi, Cross River, Benue, Borno, Adamawa, Kaduna, Kebbi, Katsina, Plateau, Nasarawa 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

And several others.

You can also build an influential social account on LinkedIn and market your Manganese 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 Manganese Ore Minerals or Manganese 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 Get An Export License In Nigeria For Your Export Business In 72 Hours

Challenges Of The Manganese Ore Minerals Or Manganese 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 Manganese Ore minerals or Manganese Concentrates en route a warehouse may get robbed 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 Manganese Ore or Manganese Concentrate sellers have poorly managed supply chain and may sometimes be unable to deliver.

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

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

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

Conclusion

The Manganese Ore or Manganese 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 Manganese Ore Minerals or Manganese 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 Manganese Ore Minerals or Manganese Concentrates from Nigeria through genuine sellers can lead to a lot of wasted time and efforts on the part of the Manganese Ore or Manganese 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 Manganese Ore or Manganese Concentrate Mineral sellers in Nigeria can be a problem. To make this possible for Manganese Ore or Manganese Concentrate Mineral buyers, Startup Tips Daily Media, through her sister company, Globexia, can export Manganese Ore or Manganese Concentrate Minerals to genuine buyers from Nigeria or anywhere in the world.

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

Our Manganese Ore or Manganese 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 Manganese Ore or Manganese 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 Manganese Ore Minerals or Manganese Concentrates, we’d be glad to do so with mutually agreed terms.

In addition to our Manganese Ore or Manganese 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 Manganese Ore or Manganese Concentrate Mineral Trade Specifications are listed below:

Origin: Nigeria

Mineral Type: Manganese Ore / Manganese Concentrates

Physical Specification: Based On Buyer’s Specification

Quantity: Based On Buyer’s Specification

Price: Negotiable / 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 Manganese Ore Minerals or Manganese Concentrate Minerals from Nigeria? Let me know by leaving a comment below.