Testwork progress for Kogi Iron

COMMERCIALISATION of Kogi Iron’s Agbaja Cast Steel Project in Nigeria is moving forward after a successful test work program confirmed its viability.

Metals and mining consultant Tenova confirmed the iron ore concentrate produced was “suitable for the production of pig iron and a refined metal with a grade and composition suitable for the production of billet”.

“We have not discovered any issue that would materially affect the economic viability of the project moving to the next phase,” Tenova stated.

The consultant company was now preparing a formal report, which Kogi expected to receive in the coming weeks.

The Agbaja cast steel project was now in position to progress the financing of construction and continue with the definitive feasibility study, which included both the mine and the cast steel plant.

The Agbaja project, 15km northwest of Lokoja city in Kogi State, opened up the opportunity for domestic production of steel billets.

The project is on the Agbaja Plateau, which hosts an extensive, shallow, flat-lying channel iron deposit with an indicated Mineral Resource of 586 million tonnes grading 41.3 percent.