Niron Metals PLC, an investment vehicle with shareholders including former Xstrata chief executive officer (CEO) Mick Davis, has been given the go-ahead to export iron ore from the Zogota deposit in Guinea through Liberia using existing infrastructure.
The company signed a Memorandum of Understanding with the Liberian government allowing it to use rail and port facilities to export the material from the deposit, based in southeastern Guinea. Davis, chairman of Niron, said the company believes it can bring Zogota into production on an accelerated timetable. "We intend to complete our feasibility study on the project within six months and continue to work with relevant stakeholders to bring Zogota rapidly into production for the benefit of all," he added. The government of...