M4M 2.94% 3.5¢ macro metals limited

Profit, page-54

  1. 2,985 Posts.
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    KCM hasn't been mentioned in the past couple of months because it is a non issue.

    Livas' post makes it clear that the company has good relationships happening at the local level, the CDA is extremely important, the recent announcement on 7/9 clearly shows the company has good relationships at the national level.

    There is this as well, from the governments own website*: "Burston’s Kogi Iron (ASX: KFE) has a mining licence and community agreement in place to underpin an ambitious plan to tap vast low-grade channel iron deposit (CID) resources on the Agbaja Plateau in Kogi State to feed a cast steel plant that can replace some of Nigeria’s US$15 billion a year of steel imports. After meeting with Bawa Bwari in Perth, Burston said recent testwork by consulting engineer Tenova confirmed Agbaja ore was amenable to production of a beneficiated iron ore concentrate suitable for the production of pig iron, as well as a refined metal suitable for the production of billet."

    http://www.minesandsteel.gov.ng/2018/09/10/discoveries-could-spur-bolder-nigeria-industry-plans/

    * note the name of the ministry - what are kogi planning on producing, the company is in lock step with the nation's ambitions.
 
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