Kogi secures fourth mining lease in Nigeria
PERTH (miningweekly.com) – ASX-listed junior Kogi Iron has been granted a fourth mining lease in Africa, after an approval by the Nigerian government.
The junior on Tuesday said that the latest approval delivered Kogi a contiguous total of 145 kmn2 over four mining leases and one exploration lease at its Agbaja Plateau cast steel project, in southern Nigeria.
Kogi is planning to mine leased local iron-ore deposits as a feedstock for its cast steel plant, to supply steel to manufacturing and product fabricators in both Nigeria and overseas.
The new minining lease grants Kogi the right to develop and operate a mine for a period of 25 years, and is renewable.
“The company has achieved another milestone towards becoming the first integrated steel producer in Nigeria as we move forward with this project of national significance. I am particularly pleased with the effectiveness of administration by our local team and government departments,” said Kogi MD David Turvey.
The developer has mandated UK advisory SD Capital and UK export finance specialist GKB Ventures to assess and secure debt funding for the project.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation