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.