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.
Read the article online at: https://www.globalminingreview.com/exploration-development/06112017/kogi-iron-granted-mining-licence-in-nigeria/