Congo Republic signs deal on revoked iron ore licenses with Sangha Mining
Congo Republic signs deal on revoked iron ore licenses with Sangha Mining 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. Sign...
Source: mining.com