Industry News

Congo Republic signs deal on revoked iron ore licenses with Sangha Mining

Views : 234
Update time : 2021-03-15 16:57:23
BRAZZAVILLE –  Congo Republic on Saturday has signed two mining conventions with Congo's Sangha Mining to exploit iron-ore on licenses the government withdrew last year from Australian miners Sundance and Equatorial Resources, and Nevis-registered Avima. The government of Congo revoked the licenses on Avima; Badondo, operated by Equatorial Resources, and Nabeba, owned by Sundance last year, saying the companies had failed to meet their obligations to develop their high-grade iron-ore concessions. The companies deny this.
Related News
Read More >>
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Apr .25.2025
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Nickel Price Update: Q1 2025 in Review Nickel Price Update: Q1 2025 in Review
Apr .25.2025
Nickel Price Update: Q1 2025 in Review
Higher steel prices benefiting Region steel mills Higher steel prices benefiting Region steel mills
Apr .25.2025
Higher steel prices benefiting Region steel mills
Vale's net profit drops 17% on lower iron ore prices Vale's net profit drops 17% on lower iron ore prices
Apr .25.2025
Vale's net profit drops 17% on lower iron ore prices