Kore hoping for ongoing support in Congo
PERTH (miningweekly.com) – Triple-listed Kore Potash has responded to a disgruntled letter from the Republic of Congo’s Minister of Mines, hoping to gain continued support for its potash projects in the region.
The Minister of Mines in October sent a letter to the ASX-, Aim- and JSE-listed company, expressing his discontent with certain aspects of the administration of the company’s subsidiaries in the region, and the lack of apparent progress at the Kola potash project.
The letter followed the arrest and subsequent release of two senior employees by local police, with neither Kore nor the employees being informed of the reasons for the arrest.
Kore said this week that its response to the Minister had addressed the items raised by the Minister and it was seeking ongoing support from the government to continue the "historically strong and constructive" relationship to enable the completion of the financing process for the Kola project.
The company is now awaiting feedback from the Minister.
The Kola project is Kore’s largest project and is scheduled to follow the DX project in the company’s development strategy. The project is expected to require a $2.1-billion capital investment and will have a four-year construction period, ultimately producing 2.2-million tonnes a year of muriate of potash over a 33-year mine life.
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