Iron Ore Mining Company Seeking Loan in Lagos, Nigeria

Consultancy for Energy and Oil & Gas companies in Lagos, looking to diversify into iron-ore.
This Business is on a Premium Plan
Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
USD 120 thousand
EBITDA Margin
28 %
Industries
Locations
Local Time
10:11 PM Nigeria
Listed By
Business Owner / Director
Status
Active
Overall Rating
Seeking Loan
USD 900 thousand for 10.0% annual interest, 10 years (Native Currency: NGN 360,000,000)
Reason: Seeking funds to purchase the equipment and machinery for iron ore mining and to set up a factory fo... View More
Collateral Available: USD 1 million
Includes physical assets worth USD 1 million
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Business Overview

- Company provides machinery, equipment, and consultancy services to companies in the Energy and Oil & gas industry.

- Have executed 50+ projects for over 20 clients since inception.

- Currently, we are looking to diversify into the iron ore mining business. We have already obtained the necessary licenses and approval, and have bought a 50 sq km land which will be mined for iron ore deposits.

- We are looking for funds to purchase the equipment and machinery and to set up a factory for fabrication of steel.

- Ready to commence the mining operations as soon as the equipment are purchased. Initially, we plan to sell the iron ore to other companies. Once we complete setting up the factory (estimated completion time is 1 year) we can start the fabrication and supply of steel products.

- This project is expected to generate a yearly turnover of over USD 2 million.

- Promoter has over 20 years of experience in project management & execution for the Energy and Oil & Gas industry.

- Business owned assets include machinery, equipment, and the 50 sq km land.

Products & Services Overview

- Consultancy for Energy and Oil & Gas projects: project execution, providing machinery and equipment.

- Iron ore mining.

Facilities Overview
Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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