….as Kogi Iron Enters Next Phase of Operation
Permanent Secretary, Ministry of Mines and Steel Development, Dr Abdulkadir Muazu; at the ongoing 17th edition of Africa DownUnder Mining Conference in Perth, Australia reiterated Nigeria’s resolve at pursuing basic reforms as requirements for effective mining business in Nigeria.
Meeting some investors with the Nigerian delegation at the Pacific Hotel, Perth, venue of the conference, he said Nigeria encourages those coming in to do mining business by pursuing reforms that are basic requirements for doing business through stable and transparent licensing regime.
Dr Muazu said the Nigerian government was working towards stopping being a player and rather promoting play in the industry. “We are interested in seeing companies succeed and encouraging partners who are interested in doing mining business in Nigeria. Nigeria is one of the few countries pursuing reforms that are basic requirements for those coming to do business in our country. We believe a stable and transparent licensing regime which we are currently pursuing is very important in attracting investors.”
One of the investors, Michael Atkins; Managing Director, Patersons Securities Limited and one of those advising on Kogi Iron, revealed that the company has moved to the next phase and about to start producing billets.
He said Kogi Iron is undergoing financial studies after which exploration and metallurgical tests for the exclusion of sulphur from the ore to produce billets by the company is set for the next stage.
Mr Atkins said the tests were carried out in Minetec South Africa. “What we are currently planning is to build a processing plant in Nigeria. We are also advancing to bankable feasibility study to attract funds to build the plant. By this time next year, we will move to the next stage.”
The non executive chairman of ASX Legend Mining Limited, assured the Nigerian delegation that Nigeria was on the right track on the National integrated Mineral Exploration Project (NIMEP).
The non-executive director of Structural Systems Limited and Castle Minerals Limited noted that once results starts coming out from the NIMEP project, they are interested in them to enable them access bankable data for mining business.
Managing Director, Clean Mining, Jeff McCuĺloch on his part revealed to the Nigerian delegation that they are developing a new technology that will ensure safe, efficient mining with a technology without pollution.
He said the technology when introduced into the Nigerian market will create employment, good market and toxic free gold. “It is a technology that can remove contamination for both prevention and remediation. Its toxic free and clean.”