Hi all
The Nigerian government released their 2013 budget overnight and there are some measures included that are very positive for EIO.
In particular the solid minerals sector
See here for the full budget speech:
http://www.vanguardngr.com/2012/10/jonathan-presents-2013-budget/
It states:
"Solid Minerals: Machinery and equipment imported for use in the solid minerals sector will now attract 0% import duty and 0% VAT."
So there are now concessions that will encourage greater activity in the IO sector.
Anyone know who has first mover advantage in the Nigerian Iron Ore sector???
This is a huge positive for EIO as it will reduce the operating costs once the project is up and running.
Lets hope the company are in a position to put this info in an ASX announcement so the wider market is aware.
- Forums
- ASX - By Stock
- EIO
- great news
great news
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add EIO (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SBW
SHEKEL BRAINWEIGH LTD
Dani Nadri, Country Manager Australia
Dani Nadri
Country Manager Australia
SPONSORED BY The Market Online