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Kogi Iron granted mining licence in Nigeria

Published by
Global Mining Review,

The final documentation has been received from the Federal Republic of Nigeria, Ministry of Mines and Steel Development granting a mining lease to KCM Mining Ltd (KCM), Kogi’ Irons 100% owned Nigerian subsidiary.

This additional mining licence covers 20 cadastral units over 4 km2.

The lease is valid for a period of 25 years and is renewable. Rental for 12 months has been paid.

Following this grant, KCM now holds 100% interest in mining leases ML24606, ML24607 and ML 25376; and retains exploration licences EL14847 and EL16998 where the company plans to conduct additional exploration.

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