This is How to Start Importation & Marketing of Modern Mining Equipment. These are modern mining equipment for surface, underground, Placer and In-situ mining. The scope of this business expands to both new machineries and old (tokumbo) equipment. In fact, even market on locally used machineries is a large one. Specifically, there are gold, granite, Zinc/lead, coal, iron ore etc. equipment. Most of these are for Handling Bulk Materials.
As a matter of fact, this post is to explain to our readers how to benefit from the mining industry. We think it’s wise to introduce you into some of the supportive businesses to mining. So, you don’t need to be a miner. But, there is this business along the miner’s business value chain you can invest into. One of them is the Importation & Marketing of the Modern Mining Equipment used in mining business. These ancillary products include Tools, equipment and other supplies. In fact, if you catch this vision, this post is for you.
How Then Do You Start This Business?
Table of Contents
We have here the due process and procedure to initiate, legalise, document and execute this business. Therefore, what we have in the following paragraphs are going to help set you up for the business. You are encouraged to read through. Where need be, click the relevant highlighted topics for details. You may also wish to contact us for further guidelines. In fact, our Solid Mineral Mining e-book will go a long way in putting you on the right track for this business.
Legal Documentations for How to Start Importation & Marketing of Modern Mining Equipment:
These are all legal documents required for this business to stand. They are all the start-up processes and import process documentations.
Registering a company:
This include your Corporate Affairs Commission (CAC) incorporation documentations, and Tax formalities.
Get Import Licence:
Get your import license from the relevant government agency. Where you have challenges, you could contact us to do get them for you at a fee.
Banking Regulations:
Furthermore, regularise with your bank in relation with the requirements of the Central Bank for importation. Every information declaration needed by the CBN must be provided.
Research on products to import:
Knowing the type f mining your clients are into will help you determine the type of tools and equipment to stock. The modern mining equipment now are for surface, underground, Placer and In-situ mining. You can deal on brand new ones or second hand ones. The market on each of them is in fact large.
Develop an Import Business Plan:
This is going to be your import business compass. It will give you details of import procedures and addition to your management strategies. In fact, if well done, will research to determine your prospective suppliers. I should also give you details of import documentations and procedures and addition to the logistics.
Determine Your Suppliers:
There are a lot of avenues for determining this. Contact your consultant for information. Get in touch with your countries chambers of commerce for information. Attend both local and international trade fairs. The Nigeria Export Promotion Council can help out too. Overall, google research will reveal to you a lot of such suppliers. Or, the foreign buyer agents. Then, where some registration procedures are involve, ensure you do that. Be ready to spend some money to get the information you need. I know that this is a problem to many Nigeria intending business men. They want free information to make millions. Then, find out all the information you may need.
Import Documentations:
Furthermore, be sure your import documents such as Commercial invoice, Bill of lading, Certificate of origin etc. are all in place.
Import Logistics
On this ensure that your goods are going to be shipped as agreed with the relevant packaging and labelling.
Ensure that the freight arrangements are in order and the insurance requirements are met. Be ready to pay the import duties etc.
How to Start Importation & Marketing of Modern Mining Equipment – READ ALSO:
- Requirements for Export Business in Nigeria
- How to get your Mining Exploration Lease in Nigeria
- Where & How to get Small Scale Mining Lease in Nigeria
- Get a Quarry license here
- A 25-Year Mining Lease in Nigeria
- Small Scale Lead Mining BPlan
- Mining Quarry Business Plan with Feasibility studies
- Solid Mineral challenges for Artisinal Small scale Mining
- How to be a millionnaire miner in Nigeria
The Final Part:
As a matter of fact, we have indicated in some places in the paragraphs above that you contact us where you have challenges. In fact, as a consulting firm we will take away most of these troubles from you. So, contact Complete Full Marks Consultants (CFMC) Limited. The firm is an experience consulting firm. It will ensure you have the following done for you at minimal costs.
- Import business guide/manual
- Business incorporation
- Import Export license
- Import Export Business plan
- Tax management
- Statutory annual returns
- Business consultancy services etc. – mentorship and links with foreign and domestic supplies, middlemen and export/import forwarding agents.
OUR CONTACTS:
Contact us on +234 8034347851 or [email protected].
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Deacon Anekperechi Nworgu, a seasoned economist who transitioned into a chartered accountant, auditor, tax practitioner, and business consultant, brings with him a wealth of industry expertise spanning over 37 years.
