***According to local media reports in Nigeria, Australian...

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According to local media reports in Nigeria, Australian enterprises ENERGIO, intends to develop Nigeria AGBAJA Iron has completed the development of relevant programs.AGBAJA iron ore in Nike Ji State mining area of ??approximately 90 square kilometers, of which 14.7 square kilometers within the existing jobs, is expected to reach 448 million tons of iron ore reserves, current iron ore price of $ 120 per ton, the total market value of theamounted to $ 53.8 billion. The project is expected to be commissioned in 2014, the target annual production capacity of 20 million tons. ENERGIO company is an Australian Stock Exchange listed company, now has 15 copies of exploration licenses in Nigeria, prospecting area of ??448 square kilometers.