SOLID MINERALS

The potential in the solid minerals sector has been discussed extensively with stakeholders and experts within and outside Bauchi state. In 2013 the Mineral Resources Development Agency confirmed that it will be difficult to attract investments to the sector until initial exploration activities are undertaken that will enable reasonably accurate estimates of reserves to be documented.

While an understanding of available reserves is essential, equally essential is a clear understanding of the market potential, trends and market access as well as value addition potential. Further and quite expensive research will be required before BIC Limited can start to proactively promote this sector to investors.